Energy Transfer Stock News

The company is selling an asset to shore up its financial profile.

The post Energy Transfer’s stock gains after deal to sell majority stake in Energy Transfer Canada appeared on BitcoinEthereumNews.com . Shares of Energy Transfer L.P. ET, +3.58% rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake…

Energy Transfer (ET) agrees to sell its 51% stake in Energy Transfer Canada to a joint venture which includes participation by Pembina Pipeline (PBA) and global infrastructure…

Shares of Energy Transfer L.P. rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake in Energy Transfer Canada ULC for C$1.6 billion ($1.3 billion) to a joint venture which includes Pembina Pipeline Corp. and funds managed by KKR & Co. Inc. . Energy Transfer said it expects the deal to close by the third quarter of 2022. The company expects the stake sale to result in cash proceeds of C$340 million ($270 million). Energy Transfer''s stock has soared 24.3% over the past three months through Monday, while the S&P 500 has declined 3.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Shares of Energy Transfer L.P. ET, +3.58% rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake in Energy Tran

The consolidation of MLPs by their parents or significant owners has been a multi-year trend that reached a high in 2018–2019 and has continued since. MLP consolidations by parents, take-private dea

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These energy stocks should generate a growing stream of passive income in the coming years.

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While interest rates are likely to rise this year, they still remain at historically low levels.

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Energy Transfer's (ET) acquisition of Enable Midstream presented it with yet another growth avenue. ET looks well-positioned to reward its investors with a 6.97% yield going forward.

The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down.

The U.S. Supreme Court has turned down an appeal by Energy Transfer''s <> Dakota Access Pipeline, letting stand without comment a federal appeals court ruling