Energy Transfer Partners

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Energy Transfer Partners
Type Public
Traded as NYSEETP
Industry Energy
Founded 1995 (1995)
Headquarters Dallas, Texas
Products natural gas, propane
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[edit]

Energy Transfer Equity was founded in 1995[1] and is currently headquartered in Dallas, Texas.[1] They currently 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. ([10]) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently 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, terminalling and crude oil acquisition and marketing assets.

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 69,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines.

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