Energy Transfer LP (ET.PI) company profile

Energy Transfer LP is an energy infrastructure partnership engaged in midstream logistics across natural gas, crude oil, natural gas liquids, and refined products. Its operations include the gathering, compression, treating, processing, transportation, fractionation, and storage of hydrocarbons, along with terminaling, acquisition, and marketing services. Additionally, the company provides liquefied natural gas regasification and holds interests in retail motor fuel distribution and contract compression services. Its customer base includes electric utilities, power plants, industrial end-users, local distribution companies, energy marketers, independent refiners, and integrated oil corporations.

The partnership operates an extensive network across the United States comprising tens of thousands of miles of interstate and intrastate pipelines, multiple underground storage reservoirs, and coastal export facilities in Texas and Pennsylvania. Through its subsidiary holdings, its fuel distribution presence spans roughly 11,000 branded sites across 32 countries and territories in North America, Europe, and the Greater Caribbean. The text does not disclose the location of the partnership's corporate headquarters.

Summary of the business section of Energy Transfer LP's latest annual report, written by StockData.

“Per Common Unit Total Initial Public Offering Price $ 21.0000 $ 441,000,000 Underwriting Discount $ 1.2075 $ 25,357,500 Proceeds to Energy Transfer Equity (before expenses) $ 19.7925 $ 415,642,500 We have granted the underwriters a 30-day option to purchase up to an additional 3,150,000 common units on the same terms and”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“Long and McCrea to the median of the annual total compensation of the 7,965 employees supporting the Partnership as of December 31, 2021 was approximately 144 to 1 and 157 to 1, respectively.”