ET on NYSE

Energy Transfer Equity

Energy Transfer Equity is an American energy company based in Dallas, listed on NYSE (ET).1 Its revenue was $89.9 billion in 2022.1

$20.27 up 0.40 (1.99%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

Compare with Enterprise Products, Targa Resources Corp. or Kinder Morgan, or pick any stock.

  • TickerET on NYSE1
  • Industryenergy industry1
  • HeadquartersDallas1
  • Websitewww.energytransfer.com
  • Incorporated inOK4
  • Business address8111 Westchester Drive, Suite 600, Dallas, Tx 752254
  • Filer categoryLarge accelerated filer4

The primary activities in which we are engaged, which are located in the United States, are as follows:6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.6%Operating margin7
5.2%Net margin7
3.5%Revenue growth, 20257
9.0%Return on equity7
1.39×Debt to equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil and Gas, Refining and Marketing brought in 28% of the revenue Energy Transfer Equity broke down this way in fiscal 2025.

  1. Oil and Gas, Refining and Marketing$24.2B728%up 10% from 2024
  2. Oil and Gas$23.5B727%down 7% from 2024
  3. NGL sales$19.0B722%down 0% from 2024
  4. Natural Gas, Midstream$12.4B715%up 3% from 2024
  5. Natural gas sales$4.7B75%up 70% from 2024
  6. Product and Service, Other$1.7B72%up 25% from 2024
Products and services by year
Products and services202320242025
Oil and Gas, Refining and Marketing$23.4B$22.1B$24.2B
Oil and Gas$23.5B$25.4B$23.5B
NGL sales$16.0B$19.1B$19.0B
Natural Gas, Midstream$11.4B$12.0B$12.4B
Natural gas sales$3.3B$2.7B$4.7B
Product and Service, Other$1.1B$1.4B$1.7B

Business segments

Crude oil transportation and services brought in 26% of the revenue Energy Transfer Equity broke down this way in fiscal 2025.

  1. Crude oil transportation and services$26.5B726%down 7% from 2024
  2. Investment In Sunoco LP$25.2B725%up 11% from 2024
  3. NGL and refined products transportation and services$24.9B725%up 1% from 2024
  4. Midstream$12.5B712%up 12% from 2024
  5. Intrastate Transportation And Storage$4.0B74%up 31% from 2024
  6. Other Operating$3.9B74%up 124% from 2024
  7. Interstate Transportation and Storage$2.4B72%up 6% from 2024
  8. Investment In USAC$998.0M71%up 5% from 2024
Business segments by year
Business segments202320242025
Crude oil transportation and services$26.5B$28.5B$26.5B
Investment In Sunoco LP$23.1B$22.7B$25.2B
NGL and refined products transportation and services$21.9B$24.5B$24.9B
Midstream$10.4B$11.2B$12.5B
Intrastate Transportation And Storage$4.0B$3.1B$4.0B
Other Operating$1.8B$1.7B$3.9B
Interstate Transportation and Storage$2.4B$2.3B$2.4B
Investment In USAC$846.0M$950.0M$998.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$63.5B
  • Selling, general and admin1¢$1.2B
  • Other costs15¢$12.6B
  • Interest4¢$3.5B
  • Income tax0¢$350.0M
  • Profit5¢$4.4B

Out of $85.5B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$10.1B

Out of $10.1B of cash from operations.7

Financial statements

Revenue8910117$85.5B in 2025+58% since 2019
0$25.0B$50.0B$75.0B$100.0B2019: $54.2B$54.2B20192020: $39.0B$39.0B2020−28%2021: $67.4B$67.4B2021+73%2022: $89.9B$89.9B2022+33%2023: $78.6B$78.6B2023−13%2024: $82.7B$82.7B2024+5%2025: $85.5B$85.5B2025+3%
Operating income8910117$9.0B in 2025+25% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $7.2B$7.2B20192020: $3.0B$3.0B2020−59%2021: $8.8B$8.8B2021+195%2022: $7.7B$7.7B2022−12%2023: $8.3B$8.3B2023+7%2024: $9.1B$9.1B2024+10%2025: $9.0B$9.0B2025−1%
Net income8910117$4.4B in 2025+26% since 2019
-$2.0B0$2.0B$4.0B$6.0B2019: $3.5B$3.5B20192020: -$648.0M-$648.0M20202021: $5.5B$5.5B20212022: $4.8B$4.8B2022−13%2023: $3.9B$3.9B2023−17%2024: $4.8B$4.8B2024+22%2025: $4.4B$4.4B2025−8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Total revenues$85.5B$82.7B$78.6B
Cost of products sold$63.5B$62.0B$60.5B
Operating expenses$5.9B$5.2B$4.4B
Depreciation, depletion and amortization$5.7B$5.2B$4.4B
Selling, general and administrative$1.2B$1.2B$985.0M
Impairment losses and other$285.0M$52.0M$12.0M
Total costs and expenses$76.5B$73.5B$70.3B
OPERATING INCOME$9.0B$9.1B$8.3B
Interest expense, net of interest capitalized-$3.5B-$3.1B-$2.6B
Equity in earnings of unconsolidated affiliates$419.0M$379.0M$383.0M
Gains (losses) on extinguishments of debt-$34.0M-$12.0M$2.0M
Gain (Loss) from Litigation Settlement$0$0-$627.0M
Gain (Loss) on Disposition of Assets$0$586.0M$0
Other, net$120.0M$140.0M$122.0M
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax, Total$6.1B$7.1B$5.6B
Income tax expense$350.0M$541.0M$303.0M
NET INCOME$5.7B$6.6B$5.3B
Less: Net income attributable to noncontrolling interests$1.2B$1.7B$1.3B
Less: Net income attributable to redeemable noncontrolling interests$67.0M$59.0M$60.0M
NET INCOME ATTRIBUTABLE TO PARTNERS$4.4B$4.8B$3.9B
Less: General Partners interest in net income$4.0M$4.0M$3.0M
Less: Preferred Unitholders interest in net income$248.0M$362.0M$463.0M
Preferred Stock Redemption Premium$8.0M$54.0M$0
Limited Partners interest in net income$4.2B$4.4B$3.5B
Basic$1$1$1
Diluted$1$1$1

Compare Energy Transfer Equity with another company

Corporate structure

Energy Transfer Equity sits at the top of its group. 465 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Energy Transfer Equity

  • Kelcy L. Warren Filed SC 13D/A on Energy Transfer Equity, latest Sep 17, 2024
  • Blackstone Holdings I/II GP L.L.C. Filed SC 13G/A on Energy Transfer Equity, latest Feb 9, 2024 (3 filings since Feb 11, 2022)
  • CenterPoint Energy Filed SC 13G on Energy Transfer Equity, latest Dec 10, 2021
  • Energy Transfer Equity Dallas
    • Sunoco Stake · Dallas, Texas, United States
    • 2564047 Alberta Ltd. Subsidiary · Canada
    • 2621469 Alberta Ltd. Subsidiary · Canada
    • 2624858 Alberta Ltd. Subsidiary · Canada
    • 2661123 Alberta Ltd. Subsidiary · Canada
    • 2709716 Alberta ULC Subsidiary · Canada
    • 2771144 Alberta ULC Subsidiary · Canada
    • 5555 San Felipe LLC Subsidiary · Texas, United States
    • Aloha Petroleum LLC Subsidiary · Delaware, United States
    • Arguelles Pipeline, S. De R.L. De C.V. Subsidiary · Mexico
    • Atoka Midstream LLC Subsidiary · Delaware, United States
    • Bakken Holdings Company LLC Subsidiary · Delaware, United States
    • Bakken Pipeline Investments LLC Subsidiary · Delaware, United States
    • Bayou Bridge Pipeline, LLC Subsidiary · Delaware, United States
    • Bayview Refining Company, LLC Subsidiary · Delaware, United States
    • Belize Power Partners Ltd. Subsidiary · Belize
    • Blue Marlin Offshore Port LLC Subsidiary · Delaware, United States
    • BNTCL Holdings Ltd. Subsidiary · Barbados
    • BRIM GP Ltd. Subsidiary · Canada
    • BRIM LP Subsidiary · Canada
    • Buckeye Products Pipe Line, L.P. Subsidiary · Delaware, United States
    • Buffalo Gulf Coast Terminals LLC Subsidiary · Delaware, United States
    • Buffalo Parent Gulf Coast Terminals LLC Subsidiary · Delaware, United States
    • Cal’s Convenience, Inc. Subsidiary · Texas, United States
    • Chalkley Gathering Company, LLC Subsidiary · Texas, United States
    • and 440 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Energy Transfer Equity reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$141.3B7 Dec 31, 2025$129.2B7 Dec 31, 2024+9.3%
Accumulated depreciation$39.1B7 Dec 31, 2025$34.0B7 Dec 31, 2024+15.0%
Property and equipment, net$102.1B7 Dec 31, 2025$95.2B7 Dec 31, 2024+7.3%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in327 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.3B7 Dec 31, 2025$312.0M7 Dec 31, 2024+307.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$5.5B7 Dec 31, 2025$3.9B7 Dec 31, 2024+39.7%
Intangible assets, net (excluding goodwill)$7.4B7 Dec 31, 2025$6.0B7 Dec 31, 2024+24.6%
Finite-lived intangibles, gross$11.7B7 Dec 31, 2025$9.7B7 Dec 31, 2024+20.0%
Accumulated amortization$4.2B7 Dec 31, 2025$3.8B7 Dec 31, 2024+12.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.8B7 Dec 31, 2025$3.1B7 Dec 31, 2024+55.4%
Supplies$978.0M7 Dec 31, 2025$681.0M7 Dec 31, 2024+43.6%

Properties, in its own words

A description of our properties is included in “Item 1. Business.” In addition, we own office buildings for our executive offices in Dallas, Texas and office buildings in Newton Square, Pennsylvania; Houston, Texas and San Antonio, Texas. While we may require additional office space as our business expands, we believe that our existing facilities are adequate to meet our needs for the immediate future, and that additional facilities will be available on commercially reasonable terms as needed.

We believe that we have satisfactory title to or valid rights to use all of our material properties. Although some of our properties are subject to liabilities and leases, liens for taxes not yet due and payable, encumbrances securing payment obligations under non-competition agreements and immaterial encumbrances, easements and restrictions, we do not believe that any such burdens will materially interfere with our continued use of such properties in our business, taken as a whole. In addition, we believe that we have, or are in the process of obtaining, all required material approvals, authorizations, orders, licenses, permits, franchises and consents of, and have obtained or made all required material registrations, qualifications and filings with, the various state and local government and regulatory authorities which relate to ownership of our properties or the operations of our business.

The rest of Item 2

Substantially all of our pipelines, which are described in “Item 1. Business,” are constructed on rights-of-way granted by the apparent record owners of the property. Lands over which pipeline rights-of-way have been obtained may be subject to prior liens that have not been subordinated to the right-of-way grants. We have obtained, where necessary, easement agreements from public authorities and railroad companies to cross over or under, or to lay facilities in or along, watercourses, county roads, municipal streets, railroad properties and state highways, as applicable. In some cases, properties on which our pipelines were built were purchased in fee. We also own and operate multiple natural gas and NGL storage facilities and own or lease other processing, treating and conditioning facilities in connection with our midstream operations.

Item 2 of the 10-K filed Feb 19, 2026.6

Leadership

Who has led Energy Transfer Equity, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (39)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 2564047 Alberta Ltd. Canada5
  • 2621469 Alberta Ltd. Canada5
  • 2624858 Alberta Ltd. Canada5
  • 2661123 Alberta Ltd. Canada5
  • 2709716 Alberta ULC Canada5
  • 2771144 Alberta ULC Canada5
  • 5555 San Felipe LLC Texas5
  • Aloha Petroleum LLC Delaware5
  • Aloha Petroleum, Ltd. Hawaii5
  • Arguelles Pipeline, S. De R.L. De C.V. Mexico5
  • Atoka Midstream LLC Delaware5
  • BNTCL Holdings Ltd. Barbados5
  • BRIM GP Ltd. Canada5
  • BRIM LP Canada5
  • Bakken Holdings Company LLC Delaware5
  • Bakken Pipeline Investments LLC Delaware5
  • Bayou Bridge Pipeline, LLC Delaware5
  • Bayview Refining Company, LLC Delaware5
  • Belize Power Partners Ltd. Belize5
  • Blue Marlin Offshore Port LLC Delaware5
  • Buckeye Products Pipe Line, L.P. Delaware5
  • Buffalo Gulf Coast Terminals LLC Delaware5
  • Buffalo Parent Gulf Coast Terminals LLC Delaware5
  • CMLP Tres Manager LLC Delaware5
All 468 listed subsidiaries
  • CMLP Tres Operator LLC Delaware5
  • CPB Member LLC Delaware5
  • CPB Operator LLC Delaware5
  • CPB Subsidiary Holdings LLC Delaware5
  • CPB Transportation & Marketing LLC Delaware5
  • Cal’s Convenience, Inc. Texas5
  • Chalkley Gathering Company, LLC Texas5
  • Chemical Manufacturing Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Citrus ETP Finance LLC Delaware5
  • Citrus, LLC Delaware5
  • Clean Air Action Corporation Delaware5
  • Comanche Trail Pipeline, LLC Texas5
  • Crestwood Appalachia Pipeline LLC Texas5
  • Crestwood Canada Company Nova Scotia5
  • Crestwood Corporation Delaware5
  • Crestwood Crude Logistics LLC Delaware5
  • Crestwood Crude Services LLC Delaware5
  • Crestwood Crude Terminals LLC Delaware5
  • Crestwood Crude Transportation LLC Delaware5
  • Crestwood Dakota Pipelines LLC Delaware5
  • Crestwood Delaware Basin LLC Delaware5
  • Crestwood Equity GP LLC Delaware5
  • Crestwood Gas Services GP LLC Delaware5
  • Crestwood Gas Services Holdings LLC Delaware5
  • Crestwood Holdings LP Delaware5
  • Crestwood Infrastructure Holdings LLC Delaware5
  • Crestwood Marcellus Midstream LLC Delaware5
  • Crestwood Marcellus Pipeline LLC Delaware5
  • Crestwood Midstream Finance Corp. Delaware5
  • Crestwood Midstream GP LLC Delaware5
  • Crestwood Midstream Operations LLC Delaware5
  • Crestwood Midstream Partners LP Delaware5
  • Crestwood New Mexico Pipeline LLC Texas5
  • Crestwood Niobrara LLC Delaware5
  • Crestwood Operations LLC Delaware5
  • Crestwood Panhandle Pipeline LLC Texas5
  • Crestwood Permian Basin Holdings LLC Delaware5
  • Crestwood Permian Basin LLC Delaware5
  • Crestwood Pipeline LLC Texas5
  • Crestwood Sales & Service LLC Delaware5
  • Crestwood Sendero GP LLC Delaware5
  • Crestwood Services LLC Texas5
  • Crestwood Transportation LLC Delaware5
  • CrossCountry Citrus, LLC Delaware5
  • Crosspoint Pipeline, LLC Delaware5
  • Cööperatie NuStar Holdings U.A. Netherlands5
  • DAL-TEX Consulting, LLC Texas5
  • DAPL-ETCO Construction Management, LLC Delaware5
  • DAPL-ETCO Operations Management, LLC Delaware5
  • Dakota Access Holdings LLC Delaware5
  • Dakota Access Truck Terminals, LLC Delaware5
  • Dakota Access, LLC Delaware5
  • Dual Drive Technologies, Ltd. Texas5
  • E. Marcellus Asset Company, LLC Delaware5
  • ELG Oil LLC Delaware5
  • ELG Utility LLC Delaware5
  • ERM Cayman Financing Company Cayman Islands5
  • ET Belize Construction, LLC Belize5
  • ET Belize Marketing LLC Belize5
  • ET Belize Power LLC Belize5
  • ET Belize Terminals LLC Belize5
  • ET C&D Holdco LLC Delaware5
  • ET CC Holdings LLC Delaware5
  • ET CET Transportation LLC Texas5
  • ET COAM Holdings LLC Delaware5
  • ET Crude Oil Terminals, LLC Texas5
  • ET Crude Operating, LLC Delaware5
  • ET Finance LLC Delaware5
  • ET Gathering & Processing LLC Delaware5
  • ET Genco LLC Texas5
  • ET Honduras Construction, S. De R.L. Honduras5
  • ET Honduras Marketing, S. de R.L Honduras5
  • ET Honduras Terminals, S. de R.L Honduras5
  • ET Insurance Canada LLC Delaware5
  • ET Intrastate Holdings LLC Delaware5
  • ET Midstream Holdings LLC Texas5
  • ET Panama Construction Company, S. de R.L. Panama5
  • ET Panama Operating Company, S. de R.L. Panama5
  • ET Procurement LLC Delaware5
  • ET Rover Pipeline LLC Delaware5
  • ET SCOOP Express LLC Delaware5
  • ET Sabina Pipeline LLC Texas5
  • ET TexLa Oasis GP LLC Delaware5
  • ET Water Services LLC Delaware5
  • ET-CW Bakken Marketing LLC Texas5
  • ET-CW Permian Marketing LLC Texas5
  • ET-S Permian Holdings Company LP Texas5
  • ET-S Permian Holdings GP LLC Texas5
  • ET-S Permian Marketing Company LLC Texas5
  • ET-S Permian Operating Company LLC Texas5
  • ET-S Permian Pipeline Company LLC Texas5
  • ET-S Permian Terminals Company LLC Texas5
  • ETC Champ Pipeline LLC Delaware5
  • ETC China Holdings LLC Delaware5
  • ETC Compression, LLC Delaware5
  • ETC Endure Energy L.L.C. Delaware5
  • ETC Fayetteville Express Pipeline, LLC Delaware5
  • ETC Fayetteville Operating Company, LLC Delaware5
  • ETC Gas Gathering Company, LLC Texas5
  • ETC Gas Processing, LLC Texas5
  • ETC Haynesville LLC Delaware5
  • ETC Hydrocarbons, LLC Texas5
  • ETC Jameson Gas Plant, LLC Delaware5
  • ETC Jameson, LP Delaware5
  • ETC Katy Pipeline, LLC Texas5
  • ETC LEDCO Gas Gathering, LLC Delaware5
  • ETC LEDCO, LLC Delaware5
  • ETC Marketing, Ltd. Texas5
  • ETC Midcontinent Express Pipeline, L.L.C. Delaware5
  • ETC Midland Gas Gathering Holdings LLC Delaware5
  • ETC Midland Gas Gathering LLC Texas5
  • ETC Midstream Vehicles, LLC Texas5
  • ETC NGL Transport, LLC Texas5
  • ETC North Permian Midstream LLC Texas5
  • ETC Northeast Field Services LLC Delaware5
  • ETC Northeast Pipeline, LLC Delaware5
  • ETC PennTex LLC Delaware5
  • ETC Production LLC Delaware5
  • ETC South Permian Midstream LLC Texas5
  • ETC Sunoco Holdings LLC Pennsylvania5
  • ETC Texas Pipeline, Ltd. Texas5
  • ETC Tiger Pipeline, LLC Delaware5
  • ETCO Holdings LLC Delaware5
  • ETE Services Company, LLC Delaware5
  • ETMT GP LLC Delaware5
  • ETP Crude LLC Texas5
  • ETP Holdco Corporation Delaware5
  • Eco-Products Manufacturing of Puerto Rico Inc. Puerto Rico5
  • Edwards Lime Gathering, LLC Delaware5
  • Elbow River Marketing Ltd. Canada5
  • Elbow River Marketing Mexico S.A. de C.V. Mexico5
  • Elbow River Marketing USA Ltd. Delaware5
  • Enable Atoka, LLC Oklahoma5
  • Enable Bakken Crude Services, LLC Delaware5
  • Enable Energy Resources, LLC Oklahoma5
  • Enable Gas Transmission, LLC Delaware5
  • Enable Mississippi River Transmission, LLC Delaware5
  • Enable Natural State Pipeline, LLC Delaware5
  • Enable Oklahoma Crude Services, LLC Oklahoma5
  • Enable Oklahoma Intrastate Transmission, LLC Delaware5
  • Enable Pine Holdings, LLC Delaware5
  • Enable South Central Pipeline, LLC Delaware5
  • Enable Waskom Holdings, LLC Delaware5
  • Energy Transfer (Beijing) Energy Technology Co., Ltd. China5
  • Energy Transfer (R&M), LLC Pennsylvania5
  • Energy Transfer Aviation LLC Delaware5
  • Energy Transfer Bakken Logistics, LLC Texas5
  • Energy Transfer Crude Marketing LLC Texas5
  • Energy Transfer Crude Oil Company, LLC Delaware5
  • Energy Transfer Crude Trucking LLC Texas5
  • Energy Transfer Data Center, LLC Delaware5
  • Energy Transfer Employee Management LLC Delaware5
  • Energy Transfer Fuel GP, LLC Delaware5
  • Energy Transfer Fuel, LP Delaware5
  • Energy Transfer GC NGL Assets GP LLC Delaware5
  • Energy Transfer GC NGL Fractionators LLC Delaware5
  • Energy Transfer GC NGL Marine Facilities LLC Delaware5
  • Energy Transfer GC NGL Marketing LLC Delaware5
  • Energy Transfer GC NGL Pipelines LP Delaware5
  • Energy Transfer GC NGL Product Services LLC Delaware5
  • Energy Transfer GC NGLs LLC Delaware5
  • Energy Transfer Geismar Olefins LLC Delaware5
  • Energy Transfer Group, L.L.C. Texas5
  • Energy Transfer Hattiesburg NGLs LLC Delaware5
  • Energy Transfer International Holdings LLC Delaware5
  • Energy Transfer Interstate Holdings, LLC Delaware5
  • Energy Transfer LNG Export, LLC Delaware5
  • Energy Transfer Latin America Marketing LLC Texas5
  • Energy Transfer Latin America Power LLC Texas5
  • Energy Transfer Latin America Terminals LLC Texas5
  • Energy Transfer Latin America, S. de R.L Panama5
  • Energy Transfer Low-Carbon Development LLC Delaware5
  • Energy Transfer Marketing & Terminals L.P. Texas5
  • Energy Transfer Mexicana, LLC Delaware5
  • Energy Transfer Mont Belvieu NGL Pipelines LLC Delaware5
  • Energy Transfer Mont Belvieu NGLs GP LLC Delaware5
  • Energy Transfer Mont Belvieu NGLs LP Delaware5
  • Energy Transfer Nederland Terminal LLC Texas5
  • Energy Transfer Olefins Marketing LLC Texas5
  • Energy Transfer Operations GP LLC Delaware5
  • Energy Transfer Panama LLC Delaware5
  • Energy Transfer Partners, L.L.C. Delaware5
  • Energy Transfer Peru 2 LLC Delaware5
  • Energy Transfer Petrochemical Holdings, LLC Delaware5
  • Energy Transfer Retail Power, LLC Delaware5
  • Energy Transfer Sea Robin Processing LLC Delaware5
  • Energy Transfer Singapore Private Limited Singapore5
  • Energy Transfer Spindletop LLC Delaware5
  • Energy Transfer Transport, LLC Pennsylvania5
  • Estrella Holdings Limited Cayman Islands5
  • Everen Limited Bermuda5
  • Everen Specialty Ltd. Bermuda5
  • Evergreen Assurance, LLC Delaware5
  • Evergreen Capital Holdings, LLC Delaware5
  • Evergreen Remediation Services, LLC Delaware5
  • Evergreen Resources Group, LLC Delaware5
  • Evergreen Resources Management Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Exploration & Production Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Explorer Pipeline Company, a Delaware corporation Delaware5
  • Fathom Global Energy FT LLC Delaware5
  • Fayetteville Express Pipeline LLC Delaware5
  • Finger Lakes LPG Storage, LLC Delaware5
  • Florida Gas Transmission Company, LLC Delaware5
  • Gradyco Real Estate LLC Oklahoma5
  • Gulf Coast Pipe Line, L.P. Delaware5
  • Gulf Coast/Products GP Holdings LLC Delaware5
  • Gulf Run Transmission, LLC Delaware5
  • HFOTCO LLC Texas5
  • HPL Asset Holdings LP Delaware5
  • HPL GP, LLC Delaware5
  • HPL Leaseco LP Delaware5
  • HPL Resources Company LLC Delaware5
  • HPL Storage GP LLC Delaware5
  • Harvest Hills Insurance Ltd. Cayman Islands5
  • Helios Assurance Company Limited Bermuda5
  • Houston Pipe Line Company LP Delaware5
  • Hugh Brinson Pipeline, LLC Texas5
  • Inland Corporation Ohio5
  • J-W Energy Company Texas5
  • J-W Power Company Texas5
  • J.C. Nolan Pipeline Co., LLC Delaware5
  • J.C. Nolan Terminal Co., LLC Delaware5
  • Jackalope Gas Gathering Services, L.L.C. Oklahoma5
  • Japan Sun Oil Company, Ltd. Japan5
  • Kanawha Rail LLC Delaware5
  • LA GP, LLC Texas5
  • LG PL, LLC Texas5
  • LGM, LLC Texas5
  • LJL, LLC West Virginia5
  • La Grange Acquisition, L.P. Texas5
  • Lake Charles Exports, LLC Delaware5
  • Lake Charles LNG Company, LLC Delaware5
  • Lake Charles LNG Export Company, LLC Delaware5
  • Lake Charles LNG OpCo, LLC Texas5
  • Lee 8 Storage Partnership Delaware5
  • Legacy Refining Operations – a series of Evergreen Resources Group, LLC Delaware5
  • LegacyStar Services, LLC Delaware5
  • Liberty Pipeline Group, LLC Delaware5
  • Libre Insurance Company, Ltd. Bermuda5
  • Loadout LLC Delaware5
  • Lobo Pipeline Company LLC Delaware5
  • Louisiana State Gas, LLC Delaware5
  • Low Country Power LLC Texas5
  • M&M Meat Shops Ltd. Canada5
  • Marcus Hook Refinery Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Materials Handling Solutions LLC Delaware5
  • Maurepas Holding, LLC Oklahoma5
  • Maurepas Pipeline, LLC Delaware5
  • Mi Vida JV LLC Delaware5
  • Mid Valley Pipeline Company LLC Ohio5
  • Midcontinent Express Pipeline LLC Delaware5
  • Midwest Connector Capital Company LLC Delaware5
  • Mining Operations – a series of Evergreen Resources Group, LLC Delaware5
  • MyMenu Canada Inc. Canada5
  • NGL Energy Holdings LLC Delaware5
  • NuStar Energy LLC Delaware5
  • NuStar Finance LLC Delaware5
  • NuStar GP, Inc. Delaware5
  • NuStar Internacional, S. de R.L. de C.V. Mexico5
  • NuStar Logistics, L.P. Delaware5
  • NuStar Permian Holdings, LLC Delaware5
  • NuStar Pipeline Company, LLC Delaware5
  • NuStar Pipeline Operating Partnership L.P. Delaware5
  • NuStar Pipeline Partners L.P. Delaware5
  • NuStar Services Company LLC Delaware5
  • NuStar Supply & Trading LLC Delaware5
  • NuStar Terminals Operations Partnership L.P. Delaware5
  • NuStar Terminals Services, Inc. Delaware5
  • OTR Infrastructure GP Inc. Canada5
  • OTR Infrastructure LP Canada5
  • Oasis Pipeline, LP Texas5
  • Ohio River System LLC Delaware5
  • Old Ocean Pipeline, LLC Texas5
  • On the Run Charging GP Inc. Canada5
  • On the Run Charging LP Canada5
  • Orbit Gulf Coast NGL Exports, LLC Delaware5
  • PEPL Real Estate, LLC Delaware5
  • PG Energy LLC Pennsylvania5
  • PKI EV Holdings GP Inc. Canada5
  • PKI EV Holdings LP Canada5
  • POC USVI LLC U.S. Virgin Islands5
  • PRB HoldCo LLC Delaware5
  • Pan Gas Storage LLC Delaware5
  • Panhandle Eastern Pipe Line Company, LP Delaware5
  • Panhandle Storage LLC Delaware5
  • Parkland (Barbados) Finance Company Inc. Barbados5
  • Parkland (U.S.) Holding Corp. Delaware5
  • Parkland (U.S.) People Corp. Delaware5
  • Parkland (U.S.) Supply Corp. Delaware5
  • Parkland Acquisition Ltd. Canada5
  • Parkland Corporation Canada5
  • Parkland Refining (B.C.) Ltd. Canada5
  • Parkland Refining Ltd. Canada5
  • Parkland Terminals of Canada Inc. Canada5
  • Parkland Terminals of Eastern Canada Inc. Canada5
  • Parkland USA Corporation Delaware5
  • Parkland USA Finance Corporation Delaware5
  • Peerless Oil & Chemicals, Inc. Delaware5
  • Peerless Oil Company (Puerto Rico), Inc. Puerto Rico5
  • Pelico Pipeline, LLC Delaware5
  • Penn Virginia Operating Co., LLC Delaware5
  • Permian Express Partners LLC Delaware5
  • Permian Express Partners Operating LLC Texas5
  • Petro Taino Transport Corp. Puerto Rico5
  • Philadelphia Refinery Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Pine Pipeline Acquisition Company, LLC Delaware5
  • Pipe Sky, LLC Delaware5
  • Pipeline Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Portland Terminals, LLC Delaware5
  • Powder River Basin Industrial Complex, LLC Delaware5
  • Preston Commons LLC Texas5
  • Price River Terminal, LLC Texas5
  • RIGS GP LLC Delaware5
  • Real Property Operations – a series of Evergreen Resource Group, LLC Delaware5
  • Red Bluff Express Pipeline, LLC Delaware5
  • Regency Employees Management Holdings LLC Delaware5
  • Regency Energy Partners LP Delaware5
  • Regency GP LLC Delaware5
  • Regency GP LP Delaware5
  • Regency Intrastate Gas LP Delaware5
  • Regency Marcellus Gas Gathering LLC Delaware5
  • Regency Texas Pipeline LLC Delaware5
  • Retail/Service Station Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Riverwalk Logistics, LLC. Delaware5
  • Rose Rock Midstream Crude, LLC Texas5
  • Rough Rider Bakken Crude LLC Texas5
  • Rough Rider Bakken G&P LLC Texas5
  • Rough Rider Bakken SWD LLC Texas5
  • Rough Rider Bakken Water LLC Texas5
  • Rover Pipeline LLC Delaware5
  • SEC Energy Products & Services, L.P. Texas5
  • SEC General Holdings, LLC Texas5
  • SESH Capital, LLC Delaware5
  • SESH Sub Inc. Delaware5
  • SOL St Lucia Ltd - BVI Branch British Virgin Islands5
  • Sea Robin Pipeline Company, LLC Texas5
  • SemEnergy S. de R.L. de C.V. Mexico5
  • SemGreen, L.P. Delaware5
  • SemGroup Energy S. de R.L. de C.V. Mexico5
  • SemGroup Mexico S. de R.L. de C.V. Mexico5
  • SemManagement L.L.C. Delaware5
  • SemMaterials, L.P. Oklahoma5
  • SemMexico, L.L.C. Oklahoma5
  • SemOperating G.P., L.L.C. Oklahoma5
  • Sendero Carlsbad Finance, LLC Delaware5
  • Sendero Carlsbad Midstream, LLC Delaware5
  • Sendero Midstream Holdings, LLC Delaware5
  • Sendero Midstream Partners, LP Delaware5
  • Shore Terminals LLC Delaware5
  • Sol (Barbados) Finance Inc. Barbados5
  • Sol (Barbados) Ltd (Barbados) Barbados5
  • Sol (St Lucia) Ltd Anguilla Anguilla5
  • Sol Antiles Guyane SASU Martinique5
  • Sol Antilles Guyane SAS (France) France5
  • Sol Aviation Services Limited (Barbados) Barbados5
  • Sol Aviation Services Limited (UK) UK5
  • Sol Belize Limited (Belize) Belize5
  • Sol Brands Inc (Barbados IBC) Barbados5
  • Sol Caribbean Ltd (Barbados IBC) Barbados5
  • Sol EC Ltd (Dominica) Dominica5
  • Sol EC Ltd (Grenada) Grenada5
  • Sol Guyana Inc (Guyana) Guyana5
  • Sol Guyane Francaise SAS (French Guiana) France5
  • Sol Jamaica SRL Barbados5
  • Sol Logistics et Transport E.U.R.L (France) France5
  • Sol Petroleum (Barbados) SRL (Barbados) Barbados5
  • Sol Petroleum Antilles SASU (France) France5
  • Sol Petroleum Bahamas Limited (Bahamas) Bahamas5
  • Sol Petroleum Bermuda Limited (Bermuda) Bermuda5
  • Sol Petroleum International Sales Company Limited (Barbados) Barbados5
  • Sol Petroleum USVI Limited U.S. Virgin Islands5
  • Sol Puerto Rico Limited (UK) Puerto Rico5
  • Sol Republica Dominicana SRL (Dominican Republic) Dominican Republic5
  • Sol Suriname NV (Suriname) Suriname5
  • Southeast Supply Header, LLC Delaware5
  • Southern Illinois Connector LLC Texas5
  • Southern Union Panhandle LLC Delaware5
  • Starfish Pipeline Company, LLC Delaware5
  • Stellar Propane Service, LLC Delaware5
  • Stingray Pipeline Company, L.L.C. Delaware5
  • Sun LP Pipeline LLC Delaware5
  • Sun LP Terminals LLC Delaware5
  • Sun Lubricants and Specialty Products Inc. Canada5
  • Sun PKI Holdings LLC Delaware5
  • Sun Pipe Line Company LLC Delaware5
  • Sun Pipeline Holdings LLC Texas5
  • Sunmarks, LLC Delaware5
  • Sunoco Amsterdam Terminal B.V. Netherlands5
  • Sunoco Aviation LLC Delaware5
  • Sunoco Bantry Bay Terminal Limited Ireland5
  • Sunoco European Holdings Limited Ireland5
  • Sunoco Finance Corp. Delaware5
  • Sunoco GP LLC Delaware5
  • Sunoco Global LLC Delaware5
  • Sunoco Ireland Limited Ireland5
  • Sunoco LP Delaware5
  • Sunoco Logistics Partners GP LLC Delaware5
  • Sunoco Marine Ltd. Delaware5
  • Sunoco Midstream Holdings, LLC Delaware5
  • Sunoco Midstream LLC Delaware5
  • Sunoco Netherlands Amsterdam B.V. Netherlands5
  • Sunoco Netherlands Ireland Holdings B.V. Netherlands5
  • Sunoco Overseas, Inc. Delaware5
  • Sunoco Partners Lease Acquisition & Marketing LLC Delaware5
  • Sunoco Pipeline L.P. Texas5
  • Sunoco Retail LLC Pennsylvania5
  • Sunoco, LLC Delaware5
  • SunocoCorp LLC Delaware5
  • SunocoCorp Management LLC Delaware5
  • Superfund Management Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Sweeney Gathering, L.P. Texas5
  • TETC, LLC Texas5
  • TPL Management Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Terminal Operations – a series of Evergreen Resources Group, LLC Delaware5
  • Texas Energy Transfer Company, Ltd. Texas5
  • Texas Energy Transfer Power, LLC Texas5
  • The Energy Transfer/Sunoco Foundation Pennsylvania5
  • Toney Fork LLC Delaware5
  • Trans-Pecos Pipeline, LLC Texas5
  • Transwestern Pipeline Company, LLC Delaware5
  • Triton Gathering, LLC Delaware5
  • Tropic Acquisition Corp. Delaware5
  • Tropic Oil Company LLC Florida5
  • Tropic Transportation, LLC Florida5
  • Trunkline Field Services LLC Delaware5
  • Trunkline Gas Company, LLC Delaware5
  • Trunkline LNG Holdings LLC Delaware5
  • USA Compression Finance Corp. Delaware5
  • USA Compression GP, LLC Delaware5
  • USA Compression Management Services, LLC Delaware5
  • USA Compression Partners, LLC Delaware5
  • USA Compression Partners, LP Delaware5
  • USAC Leasing, LLC Delaware5
  • WGP-KHC LLC Delaware5
  • Waskom Gas Processing Company Texas5
  • Waskom Transmission LLC Texas5
  • Wattenberg Holding, LLC Oklahoma5
  • West Cameron Dehydration Company, L.L.C. Delaware5
  • West Shore Pipe Line Company Delaware5
  • West Texas Gulf Pipe Line Company LLC Delaware5
  • White Cliffs Pipeline, L.L.C. Delaware5
  • Wink to Webster Pipeline LLC Delaware5
  • Wolverine Pipe Line Company Delaware5
  • Yellowstone Pipe Line Company Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Energy Transfer Equity, L.P.Sep 2, 2005 to Sep 18, 20184
  • LAGRANGE ENERGY LPJan 22, 2004 to Jun 24, 20054

Timeline

  1. Sep 10, 20268-K Listing notice or transfer; Regulation FD disclosure71
  2. Aug 4, 20268-K Results of operations72
  3. Jul 21, 20268-K Entered a material agreement; New debt or obligation73
  4. Jul 8, 20268-K Entered a material agreement; Other events74
  5. Jun 3, 20268-K Executive or director change75
  6. May 5, 20268-K Results of operations76
  7. Feb 17, 20268-K Results of operations77
  8. Jan 27, 20268-K Entered a material agreement; New debt or obligation78
  9. Jan 13, 20268-K Entered a material agreement; Other events79
  10. Jan 6, 20268-K Regulation FD disclosure80
  11. Nov 5, 20258-K Results of operations81
  12. Nov 3, 20258-K Executive or director change82
  13. Dec 7, 2021New chief executive Marshall S. McCrea Iii. becomes CEO16

Calendar

Coming up

  1. Around Nov 3, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results72
  2. May 5, 2026Reported quarterly or annual results76
  3. Feb 17, 2026Reported quarterly or annual results77
  4. Nov 5, 2025Reported quarterly or annual results81
  5. Aug 6, 2025Reported quarterly or annual results83
  6. May 6, 2025Reported quarterly or annual results84
  7. Feb 11, 2025Reported quarterly or annual results85
  8. Nov 6, 2024Reported quarterly or annual results86

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

334 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 86 major events, 134 insider forms, 5 large holders, 88 other. The latest 20:

  1. Oct 6, 2026S-3DPOS EDGAR
  2. Sep 30, 2026CERT ET 8A CERTIFICATION EDGAR
  3. Sep 28, 202625 EDGAR
  4. Sep 28, 20268-A12B EDGAR
  5. Sep 24, 2026SD EDGAR
  6. Sep 10, 20268-K EDGAR
  7. Aug 20, 20264 EDGAR
  8. Aug 10, 20264 EDGAR
  9. Aug 6, 202610-Q EDGAR
  10. Aug 4, 20268-K EDGAR
  11. Jul 27, 2026EFFECT EDGAR
  12. Jul 21, 20268-K EDGAR
  13. Jul 17, 2026S-8 POS EDGAR
  14. Jul 17, 2026S-8 POS EDGAR
  15. Jul 17, 2026S-8 POS EDGAR
  16. Jul 17, 2026S-3DPOS EDGAR
  17. Jul 17, 2026POS AM EDGAR
  18. Jul 8, 2026424B2 EDGAR
  19. Jul 8, 20268-K EDGAR
  20. Jul 6, 2026FWP EDGAR

The 334 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

53 open-market trades by officers, directors and large owners since October 2021: 52 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026WARREN KELCY LDirectorBuy647,968$21.26$13.8MForm 4
Aug 18, 2026WARREN KELCY LDirectorBuy352,032$21.27$7.5MForm 4
Aug 7, 2026Perry James RichardDirectorBuy12,359$20.23$250.0KForm 4
Nov 20, 2025WARREN KELCY LDirectorBuy1,000,000$16.81$16.8MForm 4
Nov 19, 2025WARREN KELCY LDirectorBuy1,000,000$16.95$16.9MForm 4
Aug 20, 2025WARREN KELCY LDirectorBuy1,350,000$17.36$23.4MForm 4
Aug 19, 2025WARREN KELCY LDirectorBuy650,000$17.30$11.2MForm 4
Jun 13, 2025Perry James RichardDirectorSale1,369$18.48$25.3KForm 4
Aug 23, 2024McIlwain Gregory G.EVP - OperationsBuy20,000$15.68$313.6KForm 4
Aug 12, 2024Long Thomas ECo-CEOBuy20,000$15.68$313.6KForm 4
Aug 12, 2024WARREN KELCY LDirectorBuy3,000,000$15.68$47.0MForm 4
Dec 12, 2023MCCREA MARSHALL S IIICo-CEOBuy50,000$13.19$659.5KForm 4
Nov 13, 2023Mason Thomas PEVP & Pres. LNGBuy8,000$13.17$105.4KForm 4
Nov 9, 2023Whitehurst Bradford D.EVPBuy10,000$13.10$131.0KForm 4
Nov 7, 2023WARREN KELCY LDirectorBuy1,000,000$13.33$13.3MForm 4
Nov 7, 2023Mason Thomas PEVP & Pres. LNGBuy7,500$13.33$100.0KForm 4
Nov 6, 2023WARREN KELCY LDirectorBuy1,000,000$13.53$13.5MForm 4
Nov 6, 2023Perry James RichardDirectorBuy25,892$13.52$350.1KForm 4
Sep 5, 2023MCCREA MARSHALL S IIICo-CEOBuy50,000$13.79$689.5KForm 4
Sep 1, 2023MCCREA MARSHALL S IIICo-CEOBuy50,000$13.64$682.0KForm 4

All 53 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Energy Transfer Equity has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alps Advisors Inc86,904,208$1.7B7.8%+946,629
Morgan Stanley85,614,431$1.6B0.1%−1,615,983
Jpmorgan Chase & Co81,080,493$1.5B0.1%+8,869,502
Goldman Sachs Group Inc62,819,419$1.2B0.1%+2,399,772
Invesco Ltd.54,927,735$1.1B0.1%−1,163,743
Tortoise Capital Advisors, L.l.c.37,997,055$726.5M7.4%−1,465,823
Blackstone Inc.35,782,842$684.2M2.2%+4,662,097
UBS Group AG30,548,239$584.1M0.1%−424,779
Bank Of America Corp /de/28,139,938$538.0M0.0%−2,816,420
Energy Income Partners, LLC25,654,536$490.5M7.7%+447,081
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.24,415,955$466.8M0.6%+517,755
Kayne Anderson Capital Advisors LP24,166,229$462.1M9.1%−416,091
Fmr LLC21,972,865$420.1M0.0%−1,782,630
Natixis21,401,124$409.2M1.9%+22,000
Westwood Holdings Group Inc16,825,892$321.7M2.4%−158,492
Neuberger Berman Group LLC16,691,083$319.1M0.2%+851,267
CIBC Bancorp USA Inc.13,526,220$258.6M0.3%+22,396
Cooperman Leon G13,320,100$254.7M7.2%No change
Clearbridge Investments, LLC13,308,051$254.4M0.2%+200,000
Wells Fargo & Company/mn12,910,870$246.9M0.0%+382,079
Bnp Paribas Financial Markets10,348,108$197.9M0.1%−684,972
Brookfield Corp /ON/8,528,558$163.1M0.2%+2,083,225
Raymond James Financial Inc8,458,495$161.7M0.0%+620,208
Berkley W R Corp8,250,000$157.7M7.7%No change
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT7,923,600$151.5M6.8%−74,000

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

105 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 5, 2026Brian BabinRepublican, HousePartial sale$1,001 - $15,000+7.3%Report
Jun 24, 2025Virginia FoxxRepublican, HousePartial sale$15,001 - $50,000+12.7%Report
Mar 7, 2025Virginia FoxxRepublican, HousePartial sale$50,001 - $100,000+18.0%Report
Feb 19, 2025Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−25.2%Report
Dec 6, 2024Virginia FoxxRepublican, HousePartial sale$15,001 - $50,000+21.8%Report
Nov 19, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−17.9%Report
Aug 19, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−13.6%Report
May 20, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−20.0%Report
May 2, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−24.4%Report
May 1, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−23.4%Report
Apr 30, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−25.0%Report
Apr 10, 2024Chip RoyRepublican, HouseSale$1,001 - $15,000+21.7%Report
Feb 21, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−18.8%Report
Jan 18, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−14.3%Report
Jan 17, 2024Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−16.3%Report
Jan 16, 2024Virginia FoxxRepublican, HouseBuy$15,001 - $50,000−16.8%Report
Dec 6, 2023Mark GreenRepublican, HouseSale$1,001 - $15,000+19.4%Report
Oct 31, 2023Pete SessionsRepublican, HouseSale$15,001 - $50,000+30.5%Report
Aug 4, 2023Mark GreenRepublican, HouseSale$250,001 - $500,000+13.8%Report
Jul 18, 2023Mark GreenRepublican, HouseSale$100,001 - $250,000+15.4%Report
Jul 14, 2023Mark GreenRepublican, HouseSale$100,001 - $250,000+14.7%Report
Jun 27, 2023Mark GreenRepublican, HouseSale$250,001 - $500,000+16.7%Report
Jun 27, 2023Mark GreenRepublican, HouseSale$250,001 - $500,000+16.7%Report
Jun 26, 2023Mark GreenRepublican, HouseSale$1,001 - $15,000+18.1%Report
Jun 8, 2023Mark GreenRepublican, HouseSale$100,001 - $250,000+22.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Energy Transfer Equity is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREnergy Transfer LP2
  • CIK0001276187
  • Employer ID (EIN)30-01088206
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 312
  • Industry code (SIC)4922 Natural Gas Transmission2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address8111 Westchester Drive, Suite 600, Dallas, TX 752252
  • Phone21498107002
  • Shares outstanding3,443,299,601 as of Jul 31, 202614
  • Public float$56.0B as of Jun 30, 20256
  • AuditorGRANT THORNTON LLP, Dallas, Texas PCAOB ID 248; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceJan 22, 20042
  • Filings1,361 in all: 4 (408), 8-K (392), 425 (106), 10-Q (62), 3 (40), SC 13D/A (40), UPLOAD (36), CORRESP (28)2
    All 52 form types

    10-K (20), 4/A (20), 424B3 (19), 424B5 (17), FWP (17), EFFECT (14), 8-K/A (11), SC 13D (11), 424B2 (9), S-4/A (9), 5 (8), S-4 (7), S-8 (7), S-3 (6), SC 13G/A (6), S-3/A (5), S-3ASR (5), SC 13G (5), 3/A (4), 8-A12B (4), S-1/A (4), S-8 POS (4), 10-K/A (3), 144 (3), 424B4 (3), CERT (3), SD (3), 25-NSE (2), 305B2 (2), 424B7 (2), S-3D (2), S-3DPOS (2), 10-QT (1), 25 (1), 424A (1), 8-K12B (1), CERTNYS (1), D (1), DEF 14A (1), POS AM (1), POSASR (1), PRE 14A (1), S-1 (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Jan 22, 2007
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common UnitsETNew York Stock Exchange
9.250% Series I Fixed Rate Perpetual Preferred UnitsETprINew York Stock Exchange

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Energy Transfer Equity names in Item 1A of its 10-K filed Feb 19, 2026: 72 risks under these headings, as written.6

  • Risk Factor Discussion
  • Risk Relating to the Partnership’s Business
  • Results of Operations and Financial Condition
  • Our cash flow depends primarily on the cash distributions we receive from our subsidiaries, as well as our partnership interests in Sunoco LP and USAC, including the IDRs in Sunoco LP and, therefore, our cash flow is dependent upon the ability of our subsidiaries, Sunoco LP and USAC to make distributions in respect of those partnership interests.
  • Income from our midstream, transportation, terminalling and storage operations is exposed to risks due to fluctuations in the demand for and price of natural gas, NGLs, crude oil and refined products that are beyond our control.
  • Our operations (including Sunoco LP’s) are subject to federal, state, provincial and local laws and regulations in North America, the Greater Caribbean and Europe, relating to the environment, health, safety and security that require it to make substantial expenditures.
  • General economic, financial, and political conditions, including the impact of tariffs, may materially adversely affect our results of operations and financial condition.
  • Changes in U.S. administrative policy, including the imposition of or increases in tariffs on steel and/or other raw materials, changes to existing trade agreements and any resulting changes in international trade relations, may have an adverse effect on us.
  • Our business could be negatively impacted by inflationary pressures which may decrease our operating margins and increase working capital investments required to operate our business.
  • An impairment of goodwill and intangible assets could reduce our earnings.
  • We depend on certain key producers for our supply of natural gas and the loss of any of these key producers could adversely affect our financial results.
  • Our intrastate transportation and storage and interstate transportation and storage operations depend on key customers to transport natural gas through our pipelines and the pipelines of our joint ventures.
The other 63 risks
  • We may be unable to retain or replace existing midstream, transportation, terminalling and storage customers or volumes due to declining demand or increased competition in crude oil, refined products, natural gas and NGL markets, which would reduce our revenues and limit our future profitability.
  • We and our subsidiaries, including Sunoco LP and USAC, are exposed to the credit risk of our customers and derivative counterparties, and an increase in the nonpayment and nonperformance by our customers or derivative counterparties could reduce our ability to make distributions to our Unitholders.
  • The profitability of certain activities in our natural gas gathering, processing, transportation and storage operations are largely dependent upon natural gas commodity prices, price spreads between two or more physical locations and market demand for natural gas and NGLs.
  • Our midstream facilities and transportation pipelines provide services related to natural gas wells that experience production declines over time, which we may not be able to replace with natural gas production from newly drilled wells in the same natural gas basins or in other new natural gas producing areas.
  • Our revenues depend on our customers’ ability to use our pipelines and third-party pipelines over which we have no control.
  • The inability to continue to access lands owned by third parties could adversely affect our ability to operate and our financial results.
  • Our storage operations are influenced by the overall forward market for crude oil and other products we store, and certain market conditions may adversely affect our financial and operating results.
  • Competition for water resources or limitations on water usage for hydraulic fracturing could disrupt crude oil and natural gas production from shale formations.
  • A natural disaster, catastrophe or other event could result in severe personal injury, property damage and environmental damage, which could curtail our operations and otherwise materially adversely affect our cash flow.
  • Terrorist attacks aimed at our facilities could adversely affect our business, results of operations, cash flows and financial condition.
  • Our business could be affected adversely by union disputes and strikes or work stoppages by unionized employees.
  • Cybersecurity attacks, data breaches and other disruptions affecting us, or our service providers, could materially and adversely affect our business, operations, reputation, and financial results.
  • Our operations could be disrupted if our information systems fail, causing increased expenses and loss of sales.
  • Product liability claims and litigation could adversely affect our business and results of operations.
  • We do not control, and therefore may not be able to cause or prevent certain actions by, certain of our joint ventures.
  • The use of derivative financial instruments could result in material financial losses by us.
  • Increasing levels of congestion in the Houston Ship Channel could result in a diversion of business to less busy ports.
  • The costs of providing pension and other postretirement health care benefits and related funding requirements are subject to changes in pension fund values, changing demographics and fluctuating actuarial assumptions and may have a material adverse effect on our financial results.
  • Mergers among customers and competitors could result in lower volumes being shipped on our pipelines or products stored in or distributed through our terminals, or reduced crude oil marketing margins or volumes.
  • Fraudulent activity or misuse of proprietary data involving our outsourcing partners could expose us to additional liability.
  • Our trucking fleet operations are subject to the Federal Motor Carrier Safety Regulations which are enacted, reviewed and amended by the Federal Motor Carrier Safety Administration (“FMCSA”). Our fleet currently has a “satisfactory” safety rating; however, if our safety rating were downgraded to “unsatisfactory,” our business and results of operations could be adversely affected.
  • Indebtedness
  • Our debt level and debt agreements may limit our ability to make distributions to Unitholders and may limit our future financial and operating flexibility.
  • The debt level and debt agreements of our subsidiaries, including Sunoco LP and USAC, may limit the distributions we receive from these subsidiaries, as well as our future financial and operating flexibility.
  • We do not have the same flexibility as other types of organizations to accumulate cash, which may limit cash available to service our debt or to repay debt at maturity.
  • Increases in interest rates could materially adversely affect our business, results of operations, cash flows and financial condition.
  • An increase in interest rates could impact demand for our storage capacity.
  • A downgrade of our credit ratings could impact our and our subsidiaries’ liquidity, access to capital and costs of doing business, and maintaining credit ratings is under the control of independent third parties.
  • Capital Projects and Future Growth
  • If we and our subsidiaries do not make acquisitions on economically acceptable terms, our future growth could be limited.
  • Capital projects may require significant amounts of debt and equity financing, which may not be available to us on acceptable terms, or at all.
  • The Inflation Reduction Act of 2022 could decrease demand for crude oil and natural gas and could impose new costs on our operations.
  • If we do not continue to construct new pipelines, our future growth could be limited.
  • Expanding our business by constructing new pipelines and related facilities subjects us to risks.
  • Integration of assets acquired in past acquisitions or future acquisitions with our existing business will be a complex and time-consuming process. A failure to successfully integrate the acquired assets with our existing business in a timely manner may have a material adverse effect on our business, financial condition, results of operations or cash available for distribution to Unitholders.
  • We are affected by competition from other midstream, transportation, terminalling and storage companies.
  • We, Sunoco LP and USAC may not be able to fully execute our growth strategy if we encounter increased competition for qualified assets.
  • We compete with other businesses in our market with respect to attracting and retaining qualified employees.
  • Regulatory Matters
  • Increased regulation of hydraulic fracturing or produced water disposal could result in reductions or delays in crude oil and natural gas production in our areas of operation, which could adversely impact our business and results of operations.
  • Legal or regulatory actions related to the Dakota Access Pipeline could cause an interruption to current or future operations, which could have an adverse effect on our business and results of operations.
  • Our interstate natural gas pipelines are subject to laws, regulations and policies governing the rates they are allowed to charge for their services, which may prevent us from fully recovering our costs.
  • Our interstate natural gas pipelines are subject to laws, regulations and policies governing terms and conditions of service, which could adversely affect our business and results of operations.
  • Rate regulation or market conditions may not allow us to recover the full amount of increases in the costs of our crude oil, NGL and refined products pipeline operations.
  • State regulatory measures could adversely affect the business and operations of our midstream and intrastate pipeline and storage assets.
  • Certain of our assets may become subject to regulation.
  • We may incur significant costs and liabilities resulting from performance of pipeline integrity programs and related repairs.
  • Federal and state legislative and regulatory initiatives relating to pipeline safety that require the use of new or more stringent safety controls or result in more stringent enforcement of applicable legal requirements could subject us to increased capital costs, operational delays and costs of operation.
  • Our business involves the generation, handling and disposal of hazardous substances, hydrocarbons and wastes which activities are subject to environmental and worker health and safety laws and regulations that may cause us to incur significant costs and liabilities.
  • Climate change legislation or regulations restricting emissions of GHGs could result in increased operating costs and reduced demand for the services we provide.
  • A climate-related decrease in demand for crude oil, natural gas and other hydrocarbon products could negatively affect our business.
  • Increased attention to ESG matters and conservation measures may adversely impact our business.
  • The swaps regulatory provisions of the Dodd-Frank Act and the rules adopted thereunder could have an adverse effect on our ability to use derivative instruments to mitigate the risks of changes in commodity prices and interest rates and other risks associated with our business.
  • Additional deepwater drilling laws and regulations, delays in the processing and approval of drilling permits and exploration, development, oil spill-response and decommissioning plans, and other related developments may have a material adverse effect on our business, financial condition, or results of operations.
  • Risks Relating to Our Partnership Structure
  • Issuance of Common Units or Other Classes of Equity
  • We may issue an unlimited number of limited partner interests or other classes of equity without the consent of our Unitholders, which will dilute Unitholders’ ownership interest in us and may increase the risk that we will not have sufficient available cash to maintain or increase our per unit distribution level.
  • Cash Distributions to Unitholders and Governance
  • Cash distributions are not guaranteed and may fluctuate with our performance and other external factors.
  • Our general partner’s absolute discretion in determining the level of cash reserves may adversely affect our ability to make cash distributions to Unitholders.
  • Unitholders may have liability to repay distributions.
  • The NYSE does not require a publicly traded partnership like us to comply with certain corporate governance requirements.
  • Our General Partner
  • The control of our general partner may be transferred to a third-party without Unitholder consent.
  • The majority owner of our general partner has rights that protect him against dilution.
  • Cost reimbursements due to our general partner may be substantial and may reduce our ability to pay the distributions to Unitholders.
  • Holders of our Common Units have limited voting rights and are not entitled to elect our general partner or its directors.
  • Kelcy Warren owns a majority interest in, and controls, our general partner, and our general partner has sole responsibility for conducting our business and managing our operations. The general partner may have conflicts of interest with us and limited fiduciary duties, and it may favor its own interests to the detriment of us and our Unitholders.

Legal proceedings

For information regarding legal proceedings, see Note 11 to our consolidated financial statements included in “Item 8. Financial Statements and Supplementary Data” in this Annual Report on Form 10-K for the year ended December 31, 2025.

Additionally, we have received notices of violations and potential fines under various federal, state and local provisions relating to the discharge of materials into the environment or protection of the environment. While we believe that even if any one or more of the following environmental proceedings were decided against us, it would not be material to our financial position, results of operations or cash flows, we are required to report environmental governmental proceedings if we reasonably believe that such proceedings reasonably could result in monetary sanctions in excess of $1 million (previously $0.3 million).

ETC Sunoco and Energy Transfer R&M (collectively, “Sunoco Defendants”) are defendants in lawsuits alleging MTBE contamination of groundwater. The plaintiffs, state-level governmental entities, assert product liability, nuisance, trespass, negligence, violation of environmental laws, and/or deceptive business practices claims. The plaintiffs seek to recover compensatory damages, and in some cases also seek natural resource damages, injunctive relief, punitive damages and attorneys’ fees.

As of March 31, 2023, Sunoco Defendants are defendants in two cases: one case initiated by the State of Maryland and one by the Commonwealth of Pennsylvania. The actions brought also named as defendants ETO, ETP Holdco and Sunoco Partners Marketing & Terminals L.P., now known as Energy Transfer Marketing & Terminals L.P.

The opening of Item 3, Legal Proceedings.6

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