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The Water Cooler
General Discussion
Anybody curious as to who got the money from the Texas Freeze and Skyrocketing Energy Costs?
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<blockquote data-quote="SlugSlinger" data-source="post: 3572227" data-attributes="member: 7248"><p>Here’s one company. ET is the company that tries to steal Williams out of Tulsa of few years back. Kelcy Warren told the employees that the Tulsa office was going to close and they didn’t need any more headcount in Dallas. They have one of the most corrupt leadership teams in the energy business. I would put Kelcy on par with Bernie Ebers of Worldcom.</p><p></p><p>They realized $2,4B from the cold spell.</p><p></p><p></p><p><span style="font-size: 22px"><strong>Energy Transfer scored $2.4B gain from Texas freeze, prompting guidance raise</strong></span></p><p>May 06, 2021 5:28 PM ET<a href="https://seekingalpha.com/symbol/ET?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AET" target="_blank">Energy Transfer LP (ET)</a><a href="https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">By: Carl Surran</a>, SA News Editor<a href="https://seekingalpha.com/shell#comments" target="_blank">71 Comments</a></p><ul> <li data-xf-list-type="ul">Energy Transfer (NYSE:<a href="https://seekingalpha.com/symbol/ET?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">ET</a>) +3.4%post-market after <a href="https://seekingalpha.com/news/3692569-energy-transfer-eps-beats-0_92-beats-on-revenue?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">routing expectations for Q1 earnings and revenues</a>, and distributable cash flow nearly triples from the prior-year quarter.</li> <li data-xf-list-type="ul">Q1 adjusted EBITDA nearly doubled from a year ago to $5.04B and easily topped $2.72B analyst consensus estimate.</li> <li data-xf-list-type="ul">Cash from operations was used to cut outstanding debt by $3.7B.</li> <li data-xf-list-type="ul">Energy Transfer now expects to realize a $2.4B total impact from the Texas winter storm, prompting it to raise full-year adjusted EBITDA guidance to $12.9B-$13.3B from $10.6B-$11B.</li> <li data-xf-list-type="ul">Q1 growth capital spending totaled $360M; the partnership expects to spend ~$1.6B on growth capital expenditures for the full year.</li> </ul></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3572227, member: 7248"] Here’s one company. ET is the company that tries to steal Williams out of Tulsa of few years back. Kelcy Warren told the employees that the Tulsa office was going to close and they didn’t need any more headcount in Dallas. They have one of the most corrupt leadership teams in the energy business. I would put Kelcy on par with Bernie Ebers of Worldcom. They realized $2,4B from the cold spell. [SIZE=6][B]Energy Transfer scored $2.4B gain from Texas freeze, prompting guidance raise[/B][/SIZE] May 06, 2021 5:28 PM ET[URL='https://seekingalpha.com/symbol/ET?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AET']Energy Transfer LP (ET)[/URL][URL='https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']By: Carl Surran[/URL], SA News Editor[URL='https://seekingalpha.com/shell#comments']71 Comments[/URL] [LIST] [*]Energy Transfer (NYSE:[URL='https://seekingalpha.com/symbol/ET?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']ET[/URL]) +3.4%post-market after [URL='https://seekingalpha.com/news/3692569-energy-transfer-eps-beats-0_92-beats-on-revenue?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']routing expectations for Q1 earnings and revenues[/URL], and distributable cash flow nearly triples from the prior-year quarter. [*]Q1 adjusted EBITDA nearly doubled from a year ago to $5.04B and easily topped $2.72B analyst consensus estimate. [*]Cash from operations was used to cut outstanding debt by $3.7B. [*]Energy Transfer now expects to realize a $2.4B total impact from the Texas winter storm, prompting it to raise full-year adjusted EBITDA guidance to $12.9B-$13.3B from $10.6B-$11B. [*]Q1 growth capital spending totaled $360M; the partnership expects to spend ~$1.6B on growth capital expenditures for the full year. [/LIST] [/QUOTE]
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