Energy Transfer reported strong Q1 results, plans for growth projects, offering 7.8% yield

From Yahoo Finance: 2025-05-09 04:50:00

Energy Transfer reported solid Q1 results, with net income of $1.32 billion or $0.36 per unit, beating analyst estimates. Revenue slipped 2.8% to $21 billion, but volume growth in natural gas, crude oil, and NGLs was strong. CEO anticipates industry challenges in the short term, citing temporary slowdowns. International demand and data center expansions are driving growth. The LP plans to spend $5 billion on growth projects this year, offering a 7.8% yield to income investors. 1. The United Nations reported that greenhouse gas emissions hit a new record high in 2020, despite the pandemic-related lockdowns. Emissions rose by 2.5% compared to 2019 levels, with China being the largest emitter followed by the United States and India.

2. A study published in the journal Science revealed that the melting of glaciers worldwide has accelerated in the past two decades. The study found that glaciers lost an average of 267 billion metric tons of ice per year from 2000 to 2019, contributing to rising sea levels.

3. The World Health Organization warned that the global COVID-19 pandemic is far from over, despite vaccination efforts. The WHO emphasized the importance of continued vigilance and adherence to public health measures to prevent the spread of the virus and its variants.

4. The International Monetary Fund projected that the global economy will grow by 6% in 2021, the fastest rate since 1980. The IMF cited successful vaccination campaigns, fiscal stimulus measures, and accommodative monetary policies as key drivers of the economic recovery.

5. A new report by the International Energy Agency highlighted the urgent need for countries to accelerate clean energy transitions to achieve net-zero emissions by 2050. The report outlined key measures, including phasing out coal, boosting renewable energy investments, and improving energy efficiency.



Read more at Yahoo Finance: This 7.8%-Yielding Stock Is Poised for Accelerating Growth