Energy Transfer announces increased cash distribution on shares

 

Ahead of its release of third quarter earnings, Energy Transfer announced an increase in its quarterly cash distribution.

The Dallas company, which merged 3 years ago with Oklahoma’s Enable Midstream Partners, said the new cash distribution is $0.3225 per share or $1.29 on an annual basis.

This cash distribution per Energy Transfer common unit will be paid on November 19, 2024 to unitholders of record as of the close of business on November 8, 2024, and is an increase of 3.2 percent as compared to the third quarter of 2023.

Energy Transfer, with offices and operations also in Ardmore, Crescent and Oakwood in the state, plans to release third quarter earnings on Wednesday, Nov. 6 after the close of markets. Leadership will hold a conference call later in the day at 3:30 p.m. to discuss the results.