Energy Transfer LP to acquire WTG Midstream Holdings LLC for $3.25 billion in a deal that is expected to boost natural gas infrastructure in Permian Basin.
Energy Transfer said it entered into a definitive agreement to acquire WTG Midstream from affiliates of Stonepeak, Davis Estate and Diamondback Energy. The transaction, which is valued at $3.25 billion, will include $2.45 billion in cash and about 50.8 million newly issued common units from Energy Transfer.
Energy Transfer LP (NYSE:ET) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the first quarter ended March 31, 2024.This cash