Energy Transfer Partners
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| Public | |
| Traded as | : ETP |
| Industry | Energy |
| Founded | 1995 |
| Headquarters | Dallas, Texas, U.S. |
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Key people
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Kelcy L. Warren, CEO |
| Products | natural gas, propane |
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Number of employees
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9,466 |
| Subsidiaries |
Southern Union Company Sunoco Dakota Access |
| Website | www |
Energy Transfer Partners is a U.S. Fortune 500 natural gas and propane company, founded in 1995 and headquartered in Dallas, Texas. As of January 2016, the company employed 9,466 individuals.Kelcy Warren is the founder and current Chairman of the Board and Chief Executive Officer. It is the parent company of Dakota Access, LLC, the company responsible for developing the controversial Dakota Access Pipeline.
ETE is a master limited partnership, which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.(ETP) and about 50.2 million ETP limited partner units; it owns the general partner and 100% of the IDRs of Regency Energy Partners LP and about 26.3 million RGP limited partner units. ETE also owns a non-controlling interest in a corporation (ETP Holdco Corporation) that owns Southern Union Company and Sunoco, Inc. The ETE family of companies owns approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude pipelines. Energy Transfer Partners, L.P. is the parent company of Dakota Access, LLC, the company developing the controversial Dakota Access Pipeline.
ETP holds a 100% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets in Texas, Louisiana and Mississippi. ETP Holdco Corporation also owns Southern Union Company.
In October 2012, Sunoco, Inc. became a wholly owned subsidiary of ETP via ETP HoldCo Corporation. It acquired the general partner interests, 100% of the incentive distribution rights, and a 32.4% limited partnership interest in Sunoco Logistics Partners L.P., which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminating and crude oil acquisition and marketing assets.
In 2014, ETP acquired Stripes, a chain of 580+ convenience stores in Texas, New Mexico, and Oklahoma. The convenience stores and retail portfolio are now branded under Sunoco and Aplus names as of year-end 2015.
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Wikipedia