Energy Transfer boosts quarterly cash distribution

DALLAS - Energy Transfer LP (NYSE: NYSE:ET) has announced a 3.2 percent increase in its quarterly cash distribution to $0.3250 per common unit for the fourth quarter of 2024, which concluded on December 31. This marks an enhancement from the distribution in the same quarter of the previous year.

The increased distribution will be payable on February 19, 2025, to unitholders recorded by the close of business on February 7, 2025. This adjustment reflects an annualized distribution rate of $1.30 per common unit.

Energy Transfer, a leading player in the energy sector, operates an extensive network of pipelines and energy infrastructure across the United States. The company's assets, which span 44 states and include over 130,000 miles of pipeline, support a range of operations such as natural gas midstream and transportation, crude oil and refined product transportation, and natural gas liquids (NGL) fractionation.

The company also plans to release its earnings for the fourth quarter and full year of 2024 on Tuesday, February 11, 2025, after the market closes. A conference call is scheduled for the same day at 3:30 p.m. Central Time to discuss the quarterly results and provide updates, including expectations for 2025. Interested parties can access the live webcast on Energy Transfer's website or listen to a replay for a limited time.

The information in this announcement is based on a press release statement from Energy Transfer LP. The company has clarified that forward-looking statements included in the release are subject to risks and uncertainties and that it does not commit to updating such statements based on new information or future events. Additionally, Energy Transfer's distributions to foreign investors are subject to federal tax withholding at the highest applicable rate, with nominees responsible for the withholding duties. For detailed financial analysis and investment insights on Energy Transfer and its subsidiaries, investors can access comprehensive research reports on InvestingPro. For detailed financial analysis and investment insights on Energy Transfer and its subsidiaries, investors can access comprehensive research reports on InvestingPro.

The information in this announcement is based on a press release statement from Energy Transfer LP. The company has clarified that forward-looking statements included in the release are subject to risks and uncertainties and that it does not commit to updating such statements based on new information or future events. Additionally, Energy Transfer's distributions to foreign investors are subject to federal tax withholding at the highest applicable rate, with nominees responsible for the withholding duties.

In other recent news, USA Compression (NYSE:USAC) Partners announced record financial results for the third quarter of 2024. The company showed a 2% sequential increase in total revenue and an 11% rise compared to the same quarter the previous year, with net income reaching $19.3 million. These positive results were attributed to record average pricing for their services. In addition, the company's plans for continued growth include increased capital expenditures and the implementation of the Energy Transfer Shared Services Model.

The company also announced that new CFO Chris Paulsen will join on November 18, 2024. Despite an unexpected increase in CapEx due to equipment requiring more rework than budgeted, the company remains optimistic about the strong demand in the compression market. CEO Clint Green expects ongoing demand for compression services and potential opportunities depending on the U.S. election results.

These recent developments underscore USA Compression Partners' robust growth, backed by strategic investments and a positive market outlook. The company's clear plan for capital expenditures and a focus on operational efficiency indicate its readiness for continued success in the upcoming fiscal year.

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