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Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, NGLs, refined products and liquid natural gas. It is organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.
However, Sunoco's acquisition of NuStar showcased how its controlled MLP can also make highly accretive deals that flow down to Energy Transfer. The company will get a $500 million earnings boost ...
In 2014, Energy Transfer Partners acquired Susser Holdings Corporation, the general partner of Susser Petroleum Partners (SUSP) and owner of Stripes Convenience Stores, and merged it with Sunoco into a master limited partnership, forming Sunoco LP. Subsequently, SUSP changed its name to Sunoco LP and its ticker symbol to SUN.
DALLAS & PHILADELPHIA--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYS: ETP) and Sunoco, Inc. (NYS: SUN) today announced that, at Sunoco's special meeting of shareholders held on October 4 ...
Energy Transfer Partners and Sunoco Announce Successful Completion of Merger DALLAS & PHILADELPHIA--(BUSINESS WIRE)-- Energy Transfer Partners, L.P. (NYS: ETP) and Sunoco, Inc. (NYS: SUN) today ...
November 5, 1955 (age 68) Gladewater, Texas, US. Education. White Oak High School. Alma mater. University of Texas at Arlington. Occupation. Chairman & CEO of Energy Transfer Partners. Kelcy Lee Warren (born November 9, 1955) [1] is an American billionaire and the chairman and chief executive officer of Energy Transfer Partners.
Energy Transfer (NYSE: ET) has a lofty 8% or so distribution yield, which will likely sound pretty appealing to most dividend-focused investors. But don't jump in just yet. But don't jump in just yet.
Plans for the pipeline were announced by Energy Transfer Partners in 2014, with Phillips 66 acquired 25% stake in the project later that same year. Energy Transfer Partners estimated that the pipeline would create between 12 and 15 permanent jobs and from 2,000 to 4,000 temporary jobs in Iowa.