UPDATE: Mizuho Securities Downgrades Sunoco (SUN) to Neutral

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Sunoco LP Announces Fourth Quarter and Full Year 2020 Financial and Operating Results

February 17, 2021 4:30 PM EST

DALLAS, Feb. 17, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the three- and twelve-month periods ended December 31, 2020.

For the three months ended December 31, 2020, net income was $83 million versus $83 million in the fourth... More

Energy Transfer Reports Fourth Quarter 2020 Results

February 17, 2021 4:15 PM EST

DALLAS--(BUSINESS WIRE)-- Energy Transfer LP (NYSE: ET) (ET or the Partnership) today reported financial results for the quarter and year ended December 31, 2020.

ET reported net income attributable to partners for the three months ended December 31, 2020 of $509 million. For the three months ended December 31, 2020, net income per limited partner unit (basic and diluted) was $0.19 per unit.

Adjusted EBITDA for the three months ended December 31, 2020 was $2.59 billion. Results for the quarter continued to reflect improved efficiencies, with lower operating expenses in all of the Partnerships core operating segments compared to the same... More

CenterPoint Energy Announces Its Support of the Proposed Merger Between Enable Midstream Partners, LP and Energy Transfer LP

February 17, 2021 6:37 AM EST

CenterPoint Energys full attention remains on the unprecedented winter weather that is impacting our region and our customers All of Enables limited partner units and general partner interest will be acquired by Energy Transfer CenterPoint Energy to receive approximately 6.5% percent interest in Energy Transfer and $5 million in cash in exchange for its Enable common units and general partner interest, respectively CenterPoint Energy to exchange its approximately $363 million holding in Enable Midstream Partners, LP Series A Non-Cumulative Preferred into approximately $385 million Energy Transfer Series G Fixed-Rate Reset Cumulative Redeemable... More

Energy Transfer to Acquire Enable Midstream in $7 Billion All-Equity Transaction

February 17, 2021 6:30 AM EST

All-equity, credit-accretive bolt-on acquisition Complementary assets with significant integration opportunities Enhances midstream infrastructure with increased connectivity throughout Mid-Continent and U.S. Gulf Coast Adds investment grade credit profile and diversified asset base anchored by strong customers and fee-based contracts $100 million of operational / cost synergy opportunities expected, excluding additional upside from potential financing and commercial synergies

DALLAS & OKLAHOMA CITY--(BUSINESS WIRE)-- Energy Transfer LP (NYSE: ET) (ET or Energy Transfer) and Enable Midstream Partners, LP (NYSE:... More