Energy Transfer

Background

Energy Transfer LP (ET) operates crude oil, NGL, and natural gas processing plants, pipelines, and storage facilities with assets in the United States, Canada, and Panama. Subsidiaries include Sunoco Logistics, Aloha Petroleum, Trunkline Gas, Panhandle Eastern Pipe Line (PEPL), Transwestern Pipeline, Tiger Pipeline, Mid-Valley Pipeline, Dakota Access Pipeline (DAPL), Inland, Fayetteville Express Pipeline (FEP), and Rover Pipeline. Operations are organized into five business units: Intrastate Transport & Storage, Interstate Transport & Storage, Midstream, NGL & Refined Products, and Crude Oil. Common units are listed on the NYSE (ET) exchange while common units for Sunoco are listed on the NYSE (SUN) exchange.

Wink Gas was founded in 1929 by Clint Murchison and later renamed Southern Union. Energy Transfer was founded in 1995 by Kelcy Warren. Energy Transfer Partners (ETP) began publicly trading in 2004. ETP acquired Houston Pipeline in 2005. In 2006, Energy Transfer Equity listed publicly, and ETP acquired Transwestern Pipeline. The company acquired Southern Union in 2012, Susser Holdings in 2014, and Regency Energy Partners in 2015. Sunoco was also acquired in 2015. Energy Transfer Partners was renamed Energy Transfer in 2018 after it merged with Energy Transfer Equity. In October 2020, Kelcy Warren was replaced at CEO by Mackie McCrea and Tom Long.

Company Details

Vertical:

Sector:

Control:

Headquarters:

Employees:

Operated Facilities

Oil & Gas Production

60

Energy Transfer

30
9
69
115

Equity Holdings

Oil & Gas Extraction

48.7%

Energy Trading

15.0%
31.5%