Energy Transfer Agrees to Acquire Vaquero Midstream for $2.625 Billion in Cash and Stock
Energy Transfer has announced a definitive agreement to acquire Vaquero Midstream for approximately $2.625 billion, combining cash and stock as the payment method. The deal includes $1.95 billion in cash and around 33.3 million newly issued Energy Transfer common units. This acquisition is expected to enhance Energy Transfer's midstream infrastructure capabilities by adding Vaquero’s assets located primarily in Texas. The transaction reflects a strategic move for Energy Transfer, aiming to expand its footprint in the Permian Basin region through Vaquero Midstream’s existing pipeline and processing systems. The deal underscores growing consolidation trends within the energy sector as companies seek scale and operational efficiency amid evolving market conditions.
Tickers: $ET
Topics: Energy Sector M&A