One Pipeline Giant Is Looking to Stash the Oil Glut in Its Lines [Yahoo! Finance News]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: Yahoo! Finance News
) -- Energy Transfer LP, the pipeline operator run by billionaire Kelcy Warren, is looking at ways to free up space on its conduits to store more crude as the coronavirus lockdown leaves the world swimming in oil.The company has identified two pipelines in Texas that would provide about 2 million barrels of additional storage, according to a spokeswoman. Energy Transfer is in the process of asking the Texas Railroad Commission for permission to change the method of operation on these lines. Argus Media first reported the plans.“After that it will be a matter of adding pumps, which we can easily achieve,” the spokeswoman said in an email. “We estimate we can be ready by mid-May.”It was just last month that Plains All American Pipeline LP asked oil producers to scale back production as storage started to fill. Now, prices have plunged so low that drillers are being forced to shut in output. Still, the global oil market faces a massive supply glut and rapidly filling tanks.The Texas Rail
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News
- Energy Transfer LP (ET): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Energy Transfer LP price target lowered to $19 from $21 at Morgan Stanley [Yahoo! Finance]Yahoo! Finance
- Energy Transfer (NYSE:ET) had its price target lowered by analysts at Morgan Stanley from $21.00 to $19.00. They now have an "overweight" rating on the stock.MarketBeat
- Energy Transfer (NYSE:ET) had its price target lowered by analysts at JPMorgan Chase & Co. from $22.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- Aramco Unveils $30 Billion in New U.S. Deals at Washington Investment Forum [Yahoo! Finance]Yahoo! Finance
ET
Earnings
- 11/5/25 - Miss
ET
Sec Filings
- 11/20/25 - Form 4
- 11/6/25 - Form 10-Q
- 11/5/25 - Form 8-K
- ET's page on the SEC website