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Energy Transfer Operating, L.P.

Company Summary

Description

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to more than 71,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors.

Website

http://ir.energytransfer.com/phoenix.zhtml?c=10609...

Financial Data:

NYSE:ETP from Google Finance

Tickers:

  • ETP - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Orbit Gulf Coast NGL Export Facility
Firm Commitment: 150 M Bbls/d

Recent news

  • 9/22/2020 - Energy Transfer... (subscriber access)
  • 1/9/2020 - Louisiana Appeals Court... (subscriber access)
  • 4/18/2019 - Energy Transfer Reports... (subscriber access)
  • 3/26/2019 - Energy Transfer... (subscriber access)
  • 3/1/2019 - Energy Transfer... (subscriber access)

Investor Presentations

  • 2018 Citi One-on-One MLP / Midstream Infrastructure Conference
  • UBS Conference Presentation - January 2018 (subscriber access)
  • Wells Fargo Conference Presentation - December 2017 (subscriber access)
  • Jefferies Conference Presentation - November 2017 (subscriber access)
  • RBC Conference Presentation - November 2017 (subscriber access)

Company Transactions

Date: 11/15/2018
Type: Merger

NOTES:
Energy Transfer Equity (ETE) has entered into a deal to merger with Energy Transfer Partners (ETP) as part of a simplification transaction in a unit-for-unit exchange. As part of the deal, ETE's incentive distribution rights will be cancelled.

Date: 4/3/2018
Type: Acquisition

NOTES:
The deal will include CDM Resource Management LLC and CDM Environmental & Technical Services LLC in exchange for $1.225 billion in cash, 19.2 million common units in USA Compression and 6.4 million Class B units.
REGIONS:
  • Permian Basin
  • Eagle Ford
  • Gulf Coast
  • Rockies
  • Date: 11/1/2017
    Type: Acquisition

    NOTES:
    Upon closing, ET Rover Pipeline be owned 50.1% by Energy Transfer and 49.9% by Blackstone. ET Rover owns 65% of Rover Pipeline, LLC.
    REGIONS:
  • Northeast
  • Date: 6/19/2017
    Type: Acquisition

    NOTES:
    Energy Transfer reported plans to acquire all outstanding common units representing limited partner interest in PennTex Midstream Partners. Currently, Energy Transfer owns 32.4% of PennTex's common units and it will purchase further units for $20.00 per common unit to boost ownership to 80%.

    Date: 4/28/2017
    Type: Merger

    NOTES:
    Under the terms of the merger, Energy Transfer will receive 1.5 common units of Sunoco for every common unit of Energy Transfer owned.
    REGIONS:
  • North America
  • Date: 3/31/2017
    Type: Acquisition

    NOTES:
    Williams Partners sold each of them half of its 33 1/3 percent interest in Ranch Westex JV LLC, owner of the Bone Springs gas processing plant in the Delaware Basin, for a total of $45 million in cash ($22.5 million each).
    REGIONS:
  • Delaware Basin
  • Date: 3/6/2017
    Type: Acquisition

    Date: 2/15/2017
    Type: Acquisition

    NOTES:
    Enbridge Energy Partners, Enbridge Inc and Marathon Petroleum have announced a joint venture to acquire a 36.75% interest in the Bakken Pipeline System from a holding company with a 75% interest in the System. The joint venture is called the MarEn Bakken Pipeline Company LLC. Enbridge will own 27.6% of the pipelines through MarEn and Marathon will own 9.15% of the pipeline projects.
    REGIONS:
  • Bakken
  • Gulf Coast
  • Date: 12/31/2016
    Type: Acquisition

    NOTES:
    Acquisition of a 100% stake in PennTex Midstream Partners, LLC, equating to a total 65% share in PennTex Midstream Partners, LP.
    REGIONS:
  • East Texas/Louisiana