Energy Transfer LP
ETPC
New York Stock Exchange24.20
USD
+0.20
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Energy Transfer LP
ETPC
(New York Stock Exchange)
Recent
price
24.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Energy Transfer LP (NYSE: ETPC) operates a diversified portfolio of energy midstream assets in the United States, providing natural gas midstream gathering, compression, treating, processing, transportation, and storage services; intrastate and interstate natural gas transportation and storage; crude oil, natural gas liquids (NGL), and refined products transportation and terminalling; NGL fractionation; and crude oil acquisition and marketing activities. The company owns and operates approximately 140,000 miles of pipelines, including over 105,000 miles of natural gas transportation pipelines, 18,000 miles of crude oil pipelines, more than 5,700 miles of NGL pipelines, and extensive intrastate and interstate natural gas systems connecting major U.S. production basins such as the Permian, Bakken, and Marcellus to demand markets; it also manages natural gas storage facilities, NGL fractionation and storage facilities with 50 million barrels capacity, processing plants, and terminals. Energy Transfer further owns Sunoco LP for retail motor fuels distribution under Sunoco and EcoMaxx brands; holds general partner interests and significant common units in USA Compression Partners, LP; and controls Lake Charles LNG facilities near Lake Charles, Louisiana. Founded in 1996 by Ray Davis and Kelcy Warren and headquartered at 8111 Westchester Drive in Dallas, Texas, the company serves utilities, industrial end-users, power plants, refineries, petrochemical firms, marketers, local distribution companies, and export markets primarily across the United States, with major operations in Texas, the midcontinent, Permian Basin, and Gulf Coast regions. Recent developments include the early 2025 completion of the $7.1 billion acquisition of Crestwood Equity Partners, expanding its midstream footprint; December 2024 completion of the Sabina 2 pipeline conversion increasing capacity from 25,000 to 40,000 barrels per day and optimization of the Grey Hawk processing plant to 250 MMcf/d; a 20-year LNG sale and purchase agreement with Chevron U.S.A. Inc. for 2.0 million tonnes per annum from Lake Charles LNG; April 2025 heads of agreement with MidOcean Energy for joint development of Lake Charles LNG, with MidOcean funding 30% of construction; construction commencement on the Hugh Brinson intrastate natural gas pipeline and Desert Southwest expansion of Transwestern Pipeline to Arizona and New Mexico markets; approval of the Mustang Draw processing plant in the Midland Basin for 275 MMcf/d capacity by mid-2026; and a long-term natural gas supply agreement with Cloudburst Data Centers for AI-focused facilities via the Oasis Pipeline. In Q4 2024, Energy Transfer raised its quarterly distribution 3.2% to $0.3250 per common unit and projected 2025 Adjusted EBITDA of $16.1 billion to $16.5 billion, supported by nearly $10 billion in growth projects including Permian expansions.