U.S. oil refiners, pipeline companies expect strong demand for rest of 2022 [Financial Post (Toronto, Ontario, Canada)]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: Financial Post
Advertisement The company outlooks suggest a stronger view than recent data showing weakness in U.S. fuel demand, particularly in gasoline, where consumption recently hit its lowest level since February even though this is the middle of the peak summer driving season. U.S. gasoline product supplied over the past four weeks recently fell below 2020’s level for the same time of year, when the United States was in the depths of the pandemic. Energy companies including Energy Transfer LP and PBF Energy Inc say energy demand will be strong in the second half of 2022, according to a Reuters review of company earnings calls. “Management sees what’s going on on the ground so any time they’re calling out positivity when demand data has been showing otherwise, we find that interesting,” said Kian Hidari, an analyst at Tudor, Pickering, Holt and Co. “It’s still a strong environment for gasoline compared to historical levels.” U.S. refiners are also benefiting from high exports of transporta
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ET
Earnings
- 2/14/24 - Beat
ET
Sec Filings
- 3/4/24 - Form 8-K
- 3/1/24 - Form S-3D
- 2/29/24 - Form 4
- ET's page on the SEC website