Earnings And Financial PerformanceET reported a 3Q24 beat and suggested generating FY24 adj EBITDA above the high-end of its guidance range is probable.
Mergers And AcquisitionsET announced its acquisition of Midland G&P operator WTG Midstream for ~$3.25bn, with its successful M&A strategy continuing to stand out versus peers.
Strategic Opportunities And GrowthET possesses similar or greater exposure to the data center / AI / power demand theme than Midstream competitors and is betting on slightly refocusing its long-term outlook to help its equity valuation.