Energy Transfer Equity
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).
 | |
| Type | Public company Master limited partnership |
|---|---|
| NYSE: ET | |
| Industry | Petroleum industry |
| Founded | September 2002 (as Energy Transfer Equity, L.P.) |
| Headquarters | Dallas, Texas, U.S. |
| Revenue |  $54.087 billion (2018) |
| $4.039 billion (2018) | |
| Total assets | $88.442 billion (2018) |
| Total equity |  $36.621 billion (2018) |
Number of employees | 11,768 (2018) |
| Website | www |
| Footnotes / references [1] | |
History
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
- "Energy Transfer Operating L.P. 2018 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "Energy Transfer Equity, L.P. Announces Pricing of Initial Public Offering". Energy Transfer (Press release). February 2, 2006.
- Sakelaris, Nicholas (June 23, 2015). "Energy Transfer Equity confirms it made $53B proposal to The Williams Company". American City Business Journals.
- Sakelaris, Nicholas (June 22, 2015). "Why The Williams Company publicly rejected Energy Transfer Equity's $53B deal". American City Business Journals.
- Morwa, Rida (4 December 2018). "Energy Transfer LP: Safe 8.5% Yield And Enormous Upside Potential". Seeking Alpha. Retrieved 5 December 2018.
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