Energy Transfer Acquires WTG Midstream for $3.25 Billion
Originally Published 1 year ago — by The Motley Fool
Energy Transfer is acquiring WTG Midstream for $3.3 billion, enhancing its position in the Permian Basin and boosting its distributable cash flow. The deal is expected to support incremental income growth and enable the company to increase its high-yielding distribution, making it an attractive option for income-seeking investors.