Energy Transfer Equity

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Energy Transfer LP
Public company
Master limited partnership
Traded asNYSEET
IndustryPetroleum industry
FoundedSeptember 2002; 16 years ago (2002-09)
HeadquartersDallas, Texas
RevenueIncrease $54.087 billion (2018)
Increase $4.039 billion (2018)
Total assetsIncrease $88.442 billion (2018)
Total equityDecrease $36.621 billion (2018)
Number of employees
11,768 (2018)
Websitewww.energytransfer.com
Footnotes / references
[1]

Energy Transfer Equity, L.P. is the former name of Energy Transfer LP, a master limited partnership. Its only asset is a 100% interest in Energy Transfer Operating L.P. (formerly known as Energy Transfer Partners).

History[edit]

The company was formed as La Grange Energy, L.P. by Energy Transfer in September 2002.

In February 2006, it became a public company via an initial public offering.[2]

In June 2015, the company made a proposal to acquire Williams Companies.[3] The offer was rejected.[4]

In October 2018, the company acquired Energy Transfer Partners and changed its name to Energy Transfer LP.[5]

References[edit]

  1. ^ "Energy Transfer Operating L.P. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Energy Transfer Equity, L.P. Announces Pricing of Initial Public Offering". Energy Transfer (Press release). February 2, 2006.
  3. ^ Sakelaris, Nicholas (June 23, 2015). "Energy Transfer Equity confirms it made $53B proposal to The Williams Company". American City Business Journals.
  4. ^ Sakelaris, Nicholas (June 22, 2015). "Why The Williams Company publicly rejected Energy Transfer Equity's $53B deal". American City Business Journals.
  5. ^ Morwa, Rida (4 December 2018). "Energy Transfer LP: Safe 8.5% Yield And Enormous Upside Potential". Seeking Alpha. Retrieved 5 December 2018.