Energy Transfer LP ($ET) Stock Forecast: Up 2.3% Today

What is Energy Transfer LP?

Energy Transfer (ET) Energy Transfer is a company involved in the transport of natural gas and crude oil through its pipeline network. The stock experienced a strong bullish movement today following recent developments in the energy sector.

Why is Energy Transfer LP going up?

ET stock is up 2.3% on Aug 5, 2024 14:40

• Energy Transfer's stock showed a notable bullish trend, potentially influenced by positive market sentiment and investor confidence in the company's upcoming earnings.
• The resolution of a disagreement between Williams and Energy Transfer regarding a natgas pipeline project in Louisiana may have contributed to the stock's bullish momentum, signaling favorable prospects for Energy Transfer.
• The increase in high-pressure gathering volumes for Antero Midstream in Q2 likely positively impacted Energy Transfer, fostering investor confidence in the broader energy sector.
• Despite encountering a legal challenge related to a $1 billion pipeline project, Energy Transfer demonstrated resilience and potential for long-term growth amid market fluctuations.

ET Price Chart

ET News

Energy Transfer: With Earnings On Tap, Prepare For Clarity Regarding Recent Big Moves

No summary available.

https://seekingalpha.com/article/4710399-energy-transfer-with-earnings-on-tap-prepare-for-clarity-regarding-recent-big-moves?source=feed_all_articles

Williams to resume Louisiana natgas pipeline project, ending feud with Energy Transfer

Williams Cos got the green light to continue building its Louisiana Energy Gateway project (LEG) on Wednesday, a natural gas pipeline, after a court threw out rival company, Energy Transfer''s last bid to halt its construction.

https://www.naturalgasworld.com/williams-to-restart-louisiana-natgas-pipeline-project-ending-feud-with-energy-transfer-112463

Antero Midstream ( AM ) Q2 Earnings Top on Gathering Volumes

Antero Midstream's (AM) Q2 earnings and revenues gain on increased high-pressure gathering volumes.

https://www.zacks.com/stock/news/2314373/antero-midstream-am-q2-earnings-top-on-gathering-volumes

Williams' ( WMB ) Pipeline Project Worth $1B Suffers Legal Setback

Williams (WMB) plans to address the concerns raised by the D.C. Court of Appeals regarding the Regional Energy Access expansion project.

https://www.zacks.com/stock/news/2313229/williams-wmb-pipeline-project-worth-1b-suffers-legal-setback

Energy Transfer LP ( ET ) Rises As Market Takes a Dip: Key Facts

In the closing of the recent trading day, Energy Transfer LP (ET) stood at $16.19, denoting a +1.06% change from the preceding trading day.

https://www.zacks.com/stock/news/2312403/energy-transfer-lp-et-rises-as-market-takes-a-dip-key-facts

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Energy Transfer LP Price History

16.07.2023 - ET Stock was up 2.0%

• Energy Transfer's bullish market movement can be attributed to the positive market response to its acquisition of Crestwood Equity Partners.
• The acquisition will allow Energy Transfer to expand its infrastructure in the Williston and Delaware basins, which is seen as a positive development for the company.
• The all-stock deal, valued at $7.1 billion, including debt assumption, indicates confidence in the growth potential of Energy Transfer and its ability to leverage the assets of Crestwood Equity Partners.

05.07.2024 - ET Stock was up 2.3%

• Energy Transfer's stock showed a notable bullish trend, potentially influenced by positive market sentiment and investor confidence in the company's upcoming earnings.
• The resolution of a disagreement between Williams and Energy Transfer regarding a natgas pipeline project in Louisiana may have contributed to the stock's bullish momentum, signaling favorable prospects for Energy Transfer.
• The increase in high-pressure gathering volumes for Antero Midstream in Q2 likely positively impacted Energy Transfer, fostering investor confidence in the broader energy sector.
• Despite encountering a legal challenge related to a $1 billion pipeline project, Energy Transfer demonstrated resilience and potential for long-term growth amid market fluctuations.