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Energy Transfer's leverage ratio is now in the lower half of its 4.0 to 4.5 times target range. That strong financial profile has enabled the company to continue expanding.
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Units of Energy Transfer (NYSE: ET) surged 42% in 2024, according to data provided by S&P Global Market Intelligence. Add in its lucrative cash distributions (and assume reinvestment), and Energy ...
The spinoff was completed with the Dec. 31, 2011, distribution of one share of WPX Energy common stock for every three shares of Williams common stock. Williams became an infrastructure company, and many of its pipeline assets are held through the master limited partnership Williams Partners LP. [7] [8] [needs update]
In October 2018, Energy Transfer Equity completed its acquisition of Energy Transfer Partners, simplifying the partnership as one operating entity known as Energy Transfer LP. [14] In September 2019, the company acquired SemGroup for $5 billion. [15] In January 2020, former Energy Secretary Rick Perry rejoined the company's board. [16]
The Williams Olefins Plant was established in 1968 by Allied Chemical and transferred to Williams Olefins following a merger with Union Texas Petroleum in September 1999. [9] The plant produces ethylene, propylene and other products through steam cracking of ethane and propane.
Most investors interested in Energy Transfer (NYSE: ET) are attracted to its high yield, which currently sits around 7.9%.The company currently pays a $0.32 quarterly distribution and is looking ...
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