Energy Transfer (ET) and Peers See 19% Gain Amid AI Demand
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowEnterprise Products Partners (EPD), Enbridge (ENB), and Energy Transfer (ET) have all increased by at least 19% in 2023, driven by the growing demand for natural gas from AI data centers. EPD reported a 10% rise in EBITDA to $2.7 billion for Q1, with a DCF increase of 34.5%. ENB's DCF rose 1% to CA$3.9 billion, while ET generated $27.7 billion in revenue, a 32% year-over-year increase. All three companies offer dividends yielding above 4%, indicating strong cash flow and distribution capabilities.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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