They do not under normal circumstances, however they do have contracts that require delivery, during periods of high demand, they can and do negotiate with those contract holders to limit their supply, and in turn profit from the redirection of gas.
Since Dec 9th the stock price has been within a 4% band, trending upward. Even if we assume this freeze event was only half as profitable as the 2021 event we would be expecting a 10% increase.
The price action is generally in the run up to earnings not a post earning spike. As I said in my post price tends to drop off after earning but before the ex-dividend date. As earnings are in Feb and we are near cycle lows now would be a good time to buy low IV options. Even if you ignore the freeze event and the price cycle, last months highs were at $13. It is reasonable to assume that the price will return to those levels for no other reason than it is a well run company.
DogDaze100 OP t1_j2bwzds wrote
Reply to comment by bodaflack in DD - Energy Transfer (ET) by DogDaze100
They do not under normal circumstances, however they do have contracts that require delivery, during periods of high demand, they can and do negotiate with those contract holders to limit their supply, and in turn profit from the redirection of gas.