|Bid||0.00 x 21500|
|Ask||9.70 x 4000|
|Day's Range||8.85 - 9.21|
|52 Week Range||4.98 - 9.55|
|Beta (5Y Monthly)||2.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.61 (6.82%)|
|Ex-Dividend Date||May 10, 2021|
|1y Target Est||N/A|
ET earnings call for the period ending March 31, 2021.
Energy Transfer LP expects to gain roughly $2.4 billion from Winter Storm Uri, which knocked out power and halted the distribution of natural gas in Texas to homes and businesses, company executives on Thursday said. Dallas-based Energy Transfer, which operates energy pipelines and storage tanks, was able to cash in on soaring prices for natural gas during and after the storm froze in production and crippled energy transportation infrastructure. Most of the windfall expected to be realized in 2021 came from trading and selling natural gas in Energy Transfer's energy storage system.
Natural gas suppliers, pipeline companies and banks that trade commodities have emerged as the biggest market winners from February's U.S. winter blast that roiled gas and power markets, according to more than two dozen interviews and quarterly earnings reports. The deep freeze caught Texas's utilities off-guard, killed more than 100 people and left 4.5 million without power. Demand for heat pushed wholesale power costs to 400 times the usual amount and propelled natural gas prices to record highs, forcing utilities and consumers to pay exorbitant bills.