Energy Transfer: Deleveraging And Distribution Increases To Send Units Higher [Seeking Alpha]
Sunoco LP Common Units representing limited partner interests (SUN)
Last sunoco lp common units representing limited partner interests earnings: 2/19 04:15 pm
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US:NYSE Investor Relations:
sunocolp.com/investor-relations/default.aspx
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Source: Seeking Alpha
JHVEPhoto/iStock Editorial via Getty ImagesHFI ResearchEnergy Transfer LP (NYSE:ETthe next two years, we expect distribution increases toward that target will serve as catalysts to increase the unit price. When the distribution reaches $1.22, we expect its units' yield to compress to 7.5%, which would send the unit price to $16.27, nearly 70% above the current price of $9.60.ET Management's Objectives to Benefit UnitholdersET's leadership is a determined bunch. For all their faults as long-term stewards of shareholder capital, one thing is clear: they tend to get their way. Whether they'recompleting projectsexpansionary dealsabandoningET's management under Chairman Kelcy Warren is currently pursuing two goals, both of which we expect it to reach. First, management plans to reduce ET's leverage ratio to its target of between 4.0 and 4.5-times. Second, it intends to increase its common distribution to $1.22 annually, up from the current $0.80 distribution.These goals are laid out in ET'
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News
- Sunoco LP (SUN) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Sunoco LP (SUN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Sunoco (SUN) Proceeds With Strategic Portfolio Optimization [Yahoo! Finance]Yahoo! Finance
- Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range [Yahoo! Finance]Yahoo! Finance
- Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance RangePR Newswire
SUN
Earnings
- 2/14/24 - Miss
SUN
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4/A
- 4/17/24 - Form 8-K
- SUN's page on the SEC website