Reported 3 days ago
Energy Transfer has announced a $2.7 billion investment in the Hugh Brinson Pipeline, set to enhance natural gas transportation from the Permian Basin to Dallas-Fort Worth. This project is expected to increase the company's distribution growth by 3% to 5% per year, alongside several other expansions and acquisitions aimed at meeting rising natural gas demand in Texas. With planned phases for the pipeline and additional projects underway, Energy Transfer is poised for strong cash flow improvements and continued dividend increases.
Source: YAHOO