Energy Transfer LP is a leading energy company that primarily focuses on the transportation, storage, and processing of natural gas, natural gas liquids, crude oil, and other refined products. The company operates an extensive network of pipelines and facilities across the United States, ensuring the efficient movement of energy resources from production sites to markets. In addition to its core transportation and logistics services, Energy Transfer is involved in various midstream operations, including the development and operation of terminals and storage facilities. The company is dedicated to providing reliable energy solutions while adhering to safety and environmental standards. Read More
Under the deal, MidOcean would commit to financing 30% of the LNG project's construction costs and would be entitled to receive 30% of the LNG production.
Energy Transfer is a favorite among income investors due to its strong yield. And now, the stock yields nearly 8%, making it even more attractive. But can investors rely on that high yield going forward?
Energy Transfer LP (NYSE: ET) and MidOcean Energy (“MidOcean”) today announced that Energy Transfer’s subsidiary, Energy Transfer LNG Export, LLC, has entered into a Heads of Agreement (HOA) related to its Lake Charles LNG project with MidOcean, a liquified natural gas (LNG) company formed and managed by EIG Global Energy Partners (“EIG”), a leading institutional investor in the global energy and infrastructure sectors. The HOA provides a non-binding framework of the major terms for the joint development of the Lake Charles LNG project. Pursuant to the HOA, MidOcean would commit to fund 30% of the construction costs and be entitled to receive 30% of the LNG production (approximately 5.0 million tonnes per annum). The HOA also provides that MidOcean Energy will have the option to arrange for gas supply for its share of LNG production and that MidOcean will commit to long-term gas transportation on Energy Transfer pipelines. The obligations of Energy Transfer LNG and MidOcean Energy under the HOA will be subject to both parties’ determination to take a positive final investment decision (FID) as well as the satisfaction of other conditions precedent.
Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the first quarter of 2025 on Tuesday, May 6, 2025, after the market closes.
