ENB:CC - Energy Transfer Is The Clear Leader Over Enbridge
2024-02-13 13:30:10 ET
Summary
- Energy Transfer has achieved a meaningful reduction in leverage in recent quarters.
- ET's acquisition of Crestwood is expected to generate operational efficiencies and commercial synergies in key basins.
- Enbridge's acquisition of natural gas distribution companies from Dominion Energy raises concerns about increased debt levels, but also brings diversification benefits.
Enbridge Inc. ( ENB ) and Energy Transfer LP ( ET ) are prominent players in the midstream sector known for their robust dividend yields and reliance on long-term contracted revenues from pipelines, minimizing direct exposure to volatile commodity prices. Both companies have been addressing concerns about leverage, with ET notably reducing its debt to achieve a lower leverage ratio, and receiving credit rating upgrades as a result....
Energy Transfer Is The Clear Leader Over Enbridge