Unusually active option classes on open December 8th » 09:4012/0812/08/21
ACI, ROKU, GT, XELA, UWMC, IBM, PDD, NOK, DOCU, ET
Unusual total active…
Story temporarily locked.
Energy Transfer LP 89.7M share Spot Secondary priced at $7.65 » 06:0612/0812/08/21
The deal range was…
The deal range was $7.50-$7.80. Citi, JPMorgan and Morgan Stanley acted as joint book running managers for the offering.
Energy Transfer LP 89.7M share Spot Secondary; price range $7.50-$7.80 » 16:2212/0712/07/21
Citi, JPMorgan and Morgan…
Citi, JPMorgan and Morgan Stanley are acting as joint book running managers for the offering.
Energy Transfer LP announces offering of 86.96M common units for holders » 16:1512/0712/07/21
Energy Transfer LP (ET)…
Energy Transfer LP (ET) announced the commencement of an underwritten secondary public offering of 86.96M common units representing limited partner interests in ET by CenterPoint Midstream Energy, a subsidiary of CenterPoint Energy (CNP). Citigroup, J.P. Morgan and Morgan Stanley are acting as the joint book-running managers for the offering.
OGE Energy downgraded to Neutral on valuation at Mizuho » 06:3312/0712/07/21
Mizuho analyst Anthony…
Mizuho analyst Anthony Crowdell downgraded OGE Energy (OGE) to Neutral from Buy with a price target of $36, down from $39. The analyst cites valuation for the downgrade. The company has indicated that it will fully exit its Energy Transfer LP (ET) position by the end of 2022, completing its transformation into a pure-play regulated utility, Crowdell tells investors in a research note. As a result, the analyst removed the earnings contribution from the Energy Transfer stake in his estimates.
|Over a week ago|
CenterPoint plans to reduce midstream exposure after completion of merger » 16:5512/0212/02/21
CNP, ENBL, ET
CenterPoint Energy (CNP) …
CenterPoint Energy (CNP) announced it is taking steps to reduce the company's midstream exposure following the completion of Enable Midstream Partners' (ENBL) merger with Energy Transfer (ET). CenterPoint's 53.7% of Enable common units converted into 201 million ET common units. The settlement of CenterPoint's previously announced contingent forward sale for 50 million ET common units, representing approximately 25% of CenterPoint's ownership in ET common units, was triggered upon the completion of the merger between Enable and ET. CenterPoint also received $5M in cash in exchange for its Enable general partner interest and ET Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred units with a liquidation preference of approximately $385M in exchange for the $363M liquidation preference of Enable Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred units owned by CenterPoint. With the completion of this transaction, CenterPoint and OGE Energy Corp. have terminated various agreements related to Enable.
$4.8M premium collected in Energy Transfer put spread suggests bullish view » 15:1012/0212/02/21
$4.8M premium collected…
$4.8M premium collected in Energy Transfer put spread suggests bullish view. Shares $8.36 this afternoon with a large vertical put spread printing on the Phlx floor, where a trader sold 30k Jan 7/10 put spreads for $1.61 to open a new position. Initiator could pocket the entire $4.8M proceeds if shares climb to the $10 strike, +19%, over the next 50 days, while a close below the $7 level, 16% away, would result in a loss near $4.2M.
Pennsylvania approves nearly $2M settlement with Energy Transfer » 12:3911/1911/19/21
The Pennsylvania Public…
The Pennsylvania Public Utility Commission yesterday approved a settlement related to a pipeline failure and fire in Beaver County involving the "Revolution Pipeline." The Revolution Pipeline is a 24-inch natural gas pipeline operated by Energy Transfer Company. The settlement includes a $1M civil penalty, to be paid by Energy Transfer to the Commonwealth of Pennsylvania within 30 days of final approval of the settlement, and approximately $975,000 in additional safety-related measures. Reference Link
|Over a month ago|
Energy Transfer reports Q3 EPS 20c, consensus 28c » 16:1211/0311/03/21
Reports Q3 revenue…
Reports Q3 revenue $16.66B, consensus $15.53B.
Pennsylvania AG charges Energy Transfer with 46 counts of environmental crimes » 11:5610/0510/05/21
Pennsylvania Attorney General Josh Shapiro, in conjunction with the 45th Statewide Investigating Grand Jury, today announced that the Office of Attorney General's Environmental Crimes Section has charged Energy Transfer, L.P., the corporate successor to Sunoco Pipeline L.P., with 46 counts of environmental crimes for their conduct during the construction of the Mariner East 2 Pipeline. Two additional counts were added, after the Grand Jury had concluded, bringing the total to 48 counts based on a criminal referral from Pennsylvania's Department of Environmental Protection. "There is a duty to protect our air and water, and when companies harm these vital resources through negligence - it is a crime," said AG Shapiro. "By charging them, we can both seek to hold them criminally accountable and send a clear message to others about how seriously we take protecting the environment and public health."