ET Stock Recent News

Energy Transfer is trading above pre-pandemic levels, with units appreciating by 16.88% in 2024. The demand for energy and the need for energy infrastructure continue to grow, providing opportunities for companies like ET. ET's revenue and profitability are protected by fee-based contracts, and it is undervalued compared to its peers in the industry.

Energy Transfer is getting a big boost from acquisitions this year. Its Crestwood deal is a model for what it seeks in an acquisition.

Western Midstream has one of the highest yields in the industry after increasing its distribution by over 50%. Enterprise Products Partners has one of the strongest track records in the industry.

Musser is a provider of ESG-certified engineered biomass wood fiber products CLEVELAND, May 20, 2024 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Musser Biomass and Wood Products ("Musser" or the "Company"), a leading producer of premium ESG-certified reclaimed biomass wood fiber, by the Watermill Group. BGL's Engineered Materials, Building Products, and Energy Transition investment banking teams served as the exclusive financial advisor to Musser Biomass and Wood Products in the transaction. Located in Rural Retreat, Virginia in the heart of the mid-Atlantic hardwood forest, Musser Biomass and Wood Products is an innovative processor and distributor of ESG-Certified reclaimed engineered biomass products including wood fiber, biochar, wood pellets, and wood briquettes. Using a state-of-the-art low-temperature drying technology, Musser produces a sustainable, differentiated, and uncontaminated fiber from landfill diverted waste for us

Within the last month, many energy infrastructure master limited partnerships have posted 1Q24 results. While there were a few outliers, many MLPs are continuing to defy analyst expectations, while some have even raised guidance for FY24 following acquisitions. One of the big winners within MLPs for the first quarter was Energy Transfer (ET). In its first-quarter results, ET saw adjusted EBITDA of $3.88 billion. The company’s adjusted EBITDA was about 5% above Eikon consensus estimates. Energy Transfer’s 1Q24 results did not simply beat analyst expectations, however. The company also updated the FY24 adjusted EBITDA guidance to $15.15 billion at the midpoint. This guidance is up from previous projections for $14.65 billion at the midpoint announced and reflect Sunoco LP’s (SUN) acquisition of NuStar Energy. ET owns 21% of the common units of SUN. For its part, Sunoco LP’s 1Q24 results included adjusted EBITDA of $242 million. Sunoco’s results came in about 5% higher than Eiko

Energy Transfer stock has delivered terrific gains over the past few decades. However, investors who failed to invest with the right strategy lost out.

Investors should keep an eye on ET, KMI and PSX, as these energy players have raised their dividends/distributions and demonstrated a strong ability to continue returning value to shareholders.

Finding high-yield stocks with low balance sheet and dividend cut risk and the prospect of inflation-beating growth is becoming increasingly difficult in the current stock market. We discuss some 8-9% yielding opportunities that fit these criteria. We detail what makes them attractive opportunities at the moment.

Energy Transfer unitholders have continued outperforming the market since my last bullish update. ET remains attractively valued, even as it expands its volume growth opportunities. Energy Transfer's 90% fee-based revenue model provides significant earnings and cash flow stability.

Energy Transfer reported solid first-quarter results and raised guidance. Its distribution is well covered and should continue to grow.