Energy Transfer LP Announces Cash Distribution
August 7, 2024 - 4:10 PM EDT
In July 2024, Energy Transfer LP (NYSE: ET) announced a cash distribution of $0.32 per common unit ($1.28 annualized) for the quarter ending June 30, 2024.
Highlights:
This distribution marks an increase over the company's previous quarterly distribution of $0.31 per common unit.
The distribution is payable to unitholders of record as of July 15, 2024 and will be paid on July 29, 2024.
Energy Transfer LP's announcement comes after the company reported strong financial results for the second quarter of 2024. The company's revenue increased by 4.5% compared to the same quarter last year, and its net income increased by 8.3%.
Analysts expect Energy Transfer LP to continue to perform well in the coming quarters, driven by continued growth in the energy sector. The company has a number of major projects in development, which could provide additional growth opportunities in the future.
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