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
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-09 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
Vår Selling Norne Assets to DNO
2024-05-08 - In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-10 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
SLB OneSubsea JV to Kickstart North Sea Development
2024-05-07 - SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.