AcquisitionET's acquisition of WTG Midstream enhances the company's infrastructure assets, including a significant interest in a key NGL pipeline, positioning the company for growth in the Permian market.
Financial PerformanceAnalyst maintains Overweight rating given ET's strong Free Cash Flow return, reasonable balance sheet, and an attractive annual total return proposition.
Strategic GrowthET plans to construct gas fired power plants to ensure grid stability, which demonstrates a proactive stance in meeting rising power demand and diversifying operations.