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
Equinor Brings Solar Plant Online in Brazil
2024-03-08 - Equinor says the Mendubim solar plant will produce 1.2 terawatt hours of power annually.
Stonepeak, Dominion Energy to Partner on Virginia Offshore Wind Project
2024-02-22 - Stonepeak will acquire a 50% interest in Dominion Energy’s offshore wind project, which is expected to be the largest offshore wind farm in the U.S.
Talos Energy Sells CCS Business to TotalEnergies
2024-03-18 - TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.
Weyerhaeuser, Lapis Energy Enter Carbon Sequestration Exploration Pact
2024-02-29 - The exploration agreement covers 187,500 acres across three states with five potential carbon sequestration sites.
Exclusive: Pat Jelinek on Decarbonization Efforts, M&A Outlook
2024-04-16 - Oil and gas leader for EY Americas Pat Jelinek discusses trends in the Lower 48 like consolidation and why decarbonization is "more important" in the near term than the energy transition, in this Hart Energy Exclusive interview.