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Energy Transfer LP is well-positioned for growth due to its extensive midstream infrastructure and potential benefits from increased U.S. oil production under the incoming administration. The company's export facilities could see higher throughput volumes if domestic energy production rises, providing a boost to the company's cash flow. Energy Transfer has a strong balance sheet, reasonable leverage, and a solid distribution coverage ratio, making it a reliable investment for income seekers.
Phillips 66's $2 billion acquisition in the Permian Basin enhances midstream portfolio, expected to generate $280 million in EBITDA with synergies. The company doubled its midstream EBITDA over 3 years, providing reliable cash flow and mitigating downstream business volatility. Strategic priorities include maintaining low costs, disciplined growth, and expanding the renewable portfolio, with $12.5 billion in shareholder distributions since July 2022.
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
PSX states that the EPIC NGL acquisition is expected to generate attractive returns for the company and be immediately accretive to its earnings per share.
U.S. oil refiner Phillips 66 said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion.
HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP for total cash consideration of $2.2 billion.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners Announces Earnings Call.
The series B preferred shares of NGL offer a compelling risk/reward ratio, especially for income-oriented investors, with a 16.28% return over eight months. The B series preferred shares are slightly better than the C series due to a higher distribution yield and better liquidity. Both series are designed to float above LIBOR, but the B series benefits from an additional fallback spread, enhancing its yield.
TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units.