Energy Transfer LP will pay a quarterly cash distribution of $0.21 per Series I preferred unit, the company said on April 19.
The distribution will be payable May 15 to Series I unitholders of record by May 1.
Additionally, Energy Transfer issued a March 20 notice to redeem all outstanding Series E preferred units on May 15 at a redemption price of $25 per unit.
Unitholders of record by May 1 will separately receive accrued distributions of $0.475 per unit until May 15, Energy Transfer said.
RELATED
Scathing Court Ruling Hits Energy Transfer’s Louisiana Legal Dispute
Recommended Reading
Williams CEO: Louisiana Energy Gateway Start Temporarily in Limbo
2024-03-21 - Williams CEO Alan Armstrong said the project still moving forward after hitting a snag in a dispute with Energy Transfer but lacks a definitive start date.
Energy Transfer Asks FERC to Weigh in on Williams Gas Project
2024-04-08 - Energy Transfer's filing continues the dispute over Williams’ development of the Louisiana Energy Gateway.
Waha NatGas Prices Go Negative
2024-03-14 - An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14.
Wayangankar: Golden Era for US Natural Gas Storage – Version 2.0
2024-04-19 - While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.