On April 28, 2017, Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) closed on their previously announced merger, in which SXL acquired ETP. Upon closing of the merger, SXL changed its name to Energy Transfer Partners, L.P. and applied to list its common units on the NYSE under the ticker symbol “ETP.” Effective with the opening of market on April 28, 2017, ETP ceased to be a publicly traded company and its common units previously listed on the NYSE under the ticker symbol “ETP” have been de-listed. Effective with the opening of market on May 1, 2017, SXL common units are expected to begin trading on the NYSE under the new symbol “ETP.” This change is now reflected in the ETP stock price.
ETP and ETE Partnership Profile
Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, ETP owns and operates a geographically diverse portfolio of complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ETP’s general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit the Energy Transfer Partners, L.P. website at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership that owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a consolidated basis, ETE’s family of companies owns and operates a diverse portfolio of natural gas, natural gas liquids, refined products, and crude oil pipelines, as well as retail and wholesale motor fuel operations and LNG terminalling. For more information, visit the Energy Transfer Equity, L.P. website at www.energytransfer.com.
DALLAS--(BUSINESS WIRE)--Aug. 8, 2018--
Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the
“Partnership”) today reported financial results for the quarter ended
June 30, 2018.
ETE’s net income attributable to partners was $355 million for the three
months ended June 30, 2018, an increase of $143 million compared to the
three months ended June 30, 2017. Distributable Cash Flow, as adjusted,
for the three months ended June 30, 2018 was $4...
DALLAS--(BUSINESS WIRE)--Aug. 8, 2018--
Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP” or the
“Partnership”) today reported its financial results for the quarter
ended June 30, 2018. For the three months ended June 30, 2018, net
income was $602 million and Adjusted EBITDA was $2.05 billion. Adjusted
EBITDA increased $506 million compared to the three months ended June
30, 2017, reflecting an increase of $320 million in Adjusted EBITDA from
the ...
Streamlines organizational structure and eliminates IDR burden
DALLAS--(BUSINESS WIRE)--Aug. 1, 2018--
Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer
Partners, L.P. (NYSE: ETP) today announced that they have
entered into a definitive agreement providing for the merger of ETP with
a wholly-owned subsidiary of ETE in a unit-for-unit exchange. In
connection with the transaction, ETE’s incentive distribution rights
(IDRs) in ETP will...
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