Energy Transfer LP announced an increase in its quarterly cash distribution to $0.3225 per common unit for the third quarter ended September 30, 2024. This distribution, which annualizes to $1.29 per common unit, represents a 3.2% increase compared to the distribution for the third quarter of 2023.
The increased cash distribution will be paid on November 19, 2024, to unitholders of record as of the close of business on November 8, 2024. This marks a continued commitment by Energy Transfer to return capital to its unitholders.
The decision to raise the distribution reflects the partnership's strong financial performance and its ability to generate consistent cash flows, which are key indicators for investors evaluating the stability and growth of their income.
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