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Last $65.05 USD
Change Today -1.22 / -1.84%
Volume 923.1K
ETE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

energy transfer equity lp (ETE) Snapshot

Open
$66.19
Previous Close
$66.27
Day High
$66.40
Day Low
$65.00
52 Week High
04/15/15 - $67.20
52 Week Low
10/14/14 - $45.88
Market Cap
35.0B
Average Volume 10 Days
1.4M
EPS TTM
$1.44
Shares Outstanding
538.8M
EX-Date
02/4/15
P/E TM
45.1x
Dividend
$1.80
Dividend Yield
2.47%
Current Stock Chart for ENERGY TRANSFER EQUITY LP (ETE)

energy transfer equity lp (ETE) Related Businessweek News

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energy transfer equity lp (ETE) Details

Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the Unites States. It owns and operates approximately 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and approximately 12,800 miles of interstate natural gas pipeline. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations owns and operates approximately 7,200 miles of in service natural gas and natural gas liquid (NGL) gathering pipelines, 6 natural gas processing plants, 15 natural gas treating facilities, and 3 natural gas conditioning facilities. The company’s NGL transportation and services operations include 70% interest in the Lone Star joint venture that owns approximately 2,000 miles of NGL pipelines, 3 NGL processing plants, 4 NGL and propane fractionation facilities, and NGL storage facilities with working storage capacity of approximately 53 million barrels; and a 50% interest in the Liberty pipeline, an approximately 87-mile NGL pipeline. It also sells gasoline and middle distillates at retail; operates convenience stores primarily on the east coast and in the Midwest region of the United States; and gathers, purchases, stores, transports, markets, and sells crude oil and refined products. In addition, it provides natural gas compression services for customer specific systems; and treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.

27,605 Employees
Last Reported Date: 03/2/15
Founded in 2002

energy transfer equity lp (ETE) Top Compensated Officers

Chief Executive Officer of LE GP LLC, Preside...
Total Annual Compensation: $1.2M
Chief Financial Officer of Le Gp Llc - Genera...
Total Annual Compensation: $1.2M
Executive Vice President of Le GP LLC and Hea...
Total Annual Compensation: $754.5K
Compensation as of Fiscal Year 2014.

energy transfer equity lp (ETE) Key Developments

Energy Transfer Equity, L.P. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter of 2014

Energy Transfer Equity, L.P. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $13,481 million compared to $12,607 million a year ago. Operating income was $165 million compared to operating loss of $153 million a year ago. Loss from continuing operations before income tax expense was $206 million compared to $733 million a year ago. Loss from continuing operations was $292 million or $0.21 basic and diluted per share compared to $690 million or $0.31 basic and diluted per share a year ago. Net income attributable to partners was $113 million or $0.21 basic and diluted per share compared to net loss attributable to partners of $172 million or $0.31 basic and diluted per share a year ago. Distributable cash flow, as adjusted was $243 million or $0.45 per unit compared to $185 million or $0.33 per unit a year ago. Distributable cash flow was $242 million compared to $185 million a year ago. For the year, the company reported revenues of $55,691 million compared to $48,335 million a year ago. Operating income was $2,470 million compared $1,551 million a year ago. Income from continuing operations before income tax expense was $1,417 million compared to $375 million a year ago. Income from continuing operations was $1,060 million or $1.14 diluted per share compared to $282 million or $0.33 basic and diluted per share a year ago. Net income attributable to partners was $633 million or $1.15 diluted per share compared to $196 million or $0.35 basic and diluted per share a year ago. Distributable cash flow, as adjusted was $895 million or $1.63 per unit compared to $719 million or $1.28 per unit a year ago. Distributable cash flow was $888 million compared to $700 million a year ago. For the quarter, the company reported goodwill impairment of $370 million compared to $689 million a year ago.

Energy Transfer Equity, L.P. and Several Banks and Other Financial Institutions Enter into Amendment and Incremental Commitment Agreement No. 3

On February 10, 2015, Energy Transfer Equity, L.P., the several banks and other financial institutions party thereto and Credit Suisse AG, Cayman Islands Branch, in its capacity as administrative agent for the Lenders entered into the Amendment and Incremental Commitment Agreement No. 3 to that certain Credit Agreement by and among the Partnership, the banks and financial institutions party thereto, and the Administrative Agent, dated as of December 2, 2013 (as amended, supplemented and modified, the Credit Agreement") to (a) increase the commitments under the Credit Agreement from $1.2 billion to $1.5 billion and (b) amend certain other provisions of the Credit Agreement as more specifically set forth in the Amendment.

Energy Transfer Equity, L.P. Approves Quarterly Cash Distribution for the Fourth Quarter Ended December 31, 2014, Payable on February 19, 2015

Energy Transfer Equity, L.P. announced that its Board of Directors has approved a $0.035 increase in its quarterly cash distribution to $0.45 per ETE common unit for the fourth quarter ended December 31, 2014, or $1.80 per unit on an annualized basis. Adjusting for the ETE unit split completed in January 2014, the quarterly distribution of $0.45 per ETE common unit represents a distribution increase of 30% on an annualized basis compared to the fourth quarter of 2013. This also represents an annualized distribution increase of $0.14 per common unit, or 8.4%, compared to the third quarter of 2014 and marks the ninth consecutive quarter that ETE has raised its distribution. The cash distribution will be paid on February 19, 2015 to unitholders of record as of the close of business on February 6, 2015.

 

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Industry Analysis

ETE

Industry Average

Valuation ETE Industry Range
Price/Earnings 62.6x
Price/Sales 0.6x
Price/Book 52.9x
Price/Cash Flow 14.9x
TEV/Sales NM Not Meaningful
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