Energy Transfer Partners

Energy Transfer Partners
Public
Traded as NYSE: ETP
Industry Energy
Founded 1995 (1995)
Headquarters Dallas, Texas, U.S.
Key people
 Kelcy L. Warren, CEO
Products natural gas, propane
Number of employees
 5000+
Subsidiaries Southern Union Company
Sunoco
Website www.energytransfer.com

Energy Transfer Partners is a Fortune 500 natural gas and propane company.[1][2][3][4][5][6]

Overview

Energy Transfer Equity was founded in 1995[1] and is headquartered in Dallas, Texas.[1] They employ 5,000 individuals[1] including the founder, Chairman of the Board and Chief Executive Officer, Kelcy Warren.[7][8][9]

Energy Transfer Partners, L.P. is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP has natural gas operations that include approximately 24,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities.

On October 5, 2012 Energy Transfer Partners, L.P. (NYSE:ETP) and Sunoco, Inc. (NYSE:SUN) announced the merger of a wholly owned subsidiary of ETP, with and into Sunoco, with Sunoco surviving the merger as a subsidiary of ETP. ETP also acquired the general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P. (NYSE:SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminating and crude oil acquisition and marketing assets.

In 2014, Energy Transfer Partners acquired Stripes a chain of 580+ convenience stores in Texas, New Mexico, and Oklahoma.[10] In January 2015, Energy Transfer Partners announced it would acquire its affiliate Regency Energy Partners for around $11 billion.[11]

ETP also holds a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. In addition, ETP holds controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. ETP's general partner is owned by ETE.

Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership, which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP) and approximately 50.2 million ETP limited partner units; and owns the general partner and 100% of the IDRs of Regency Energy Partners LP (NYSE:RGP) and approximately 26.3 million RGP limited partner units. ETE also owns a non-controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. The ETE family of companies owns approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines.

On September 28. 2015 Energy Transfer Partners acquisition of pipeline company The Williams Companies, Inc. for $37bn.[12]


References

  1. 1 2 3 4 "Company Overview". Energytransfer.com. Retrieved 6 December 2014.
  2. ↑ "ETP: Summary for Energy Transfer Partners, L.P. - Yahoo! Finance". Yahoo! Finance. Retrieved 6 December 2014.
  3. ↑ "Energy Transfer Partners LP: NYSE:ETP quotes & news - Google Finance". Google.com. Retrieved 6 December 2014.
  4. ↑ "ENERGY TRANSFER PARTNERS LP (ETP:New York Consolidated): Stock Quote & Company Profile - Businessweek". Businessweek.com. Retrieved 6 December 2014.
  5. ↑ "ETP:New York Stock Quote - Energy Transfer Partners LP". Bloomberg. Retrieved 6 December 2014.
  6. ↑ "Energy Transfer Partners LP (ETP.N)". Reuters.com. Retrieved 6 December 2014.
  7. ↑ "Company Overview". Energytransfer.com. Retrieved 6 December 2014.
  8. ↑ Charles Sizemore. "Kelcy Warren". Forbes. Retrieved 6 December 2014.
  9. ↑ "Kelcy L. Warren". Businessweek.com. Retrieved 6 December 2014.
  10. ↑ Maykuth, Andrew. "Sunoco parent buys Texas chain for $1.8 billion". Philly.com. Retrieved 2 May 2014.
  11. ↑ "Energy Transfer Partners to buy Regency unit for $11 billion". Reuters. 26 January 2015. Retrieved 2015-03-25.
  12. ↑ {cite web|url=http://ir.energytransfer.com/phoenix.zhtml?c=106094&p=irol-newsArticle&ID=2090796|title=Energy Transfer Equity to Combine with Williams|date=150928}

External links

This article is issued from Wikipedia - version of the Thursday, May 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.