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Last $63.59 USD
Change Today -0.38 / -0.59%
Volume 3.7M
ETE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

energy transfer equity lp (ETE) Snapshot

Open
$64.08
Previous Close
$63.97
Day High
$64.24
Day Low
$61.67
52 Week High
06/15/15 - $70.88
52 Week Low
10/14/14 - $45.88
Market Cap
34.3B
Average Volume 10 Days
4.8M
EPS TTM
$2.12
Shares Outstanding
539.2M
EX-Date
05/6/15
P/E TM
30.0x
Dividend
$1.96
Dividend Yield
2.73%
Current Stock Chart for ENERGY TRANSFER EQUITY LP (ETE)

energy transfer equity lp (ETE) Related Businessweek News

No Related Businessweek News Found

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

President and Director
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. Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 08:00 AM

Energy Transfer Equity, L.P. Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-23-2015 08:00 AM. Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, New York, United States. Speakers: Jamie Welch, Chief Financial Officer of Le Gp Llc - General Partner, Head of Business Development of Le Gp Llc - General Partner and Director of Le Gp Llc - General Partner.

Energy Transfer Equity, L.P. Announces Pricing of 5.500% Senior Notes Due June 1, 2027

Energy Transfer Equity, L.P. announced that it has priced its previously announced offering of 5.500% senior notes due June 1, 2027. The Notes were priced at 98.5%, resulting in total proceeds of approximately $985 million (before expenses). The Notes initially will be secured on a first-priority basis with the loans and obligations under ETE’s senior secured revolving credit facility, senior secured term loan facilities and existing senior notes, by a lien on substantially all of ETE’s and certain of ETE’s subsidiaries’ tangible and intangible assets that from time to time secure ETE’s obligations under such indebtedness, subject to certain exceptions and permitted liens and subject to the terms of a collateral agency agreement. The liens securing the Notes will be released in full if liens do not secure more than a threshold level of senior obligations (so long as liens securing ETE’s existing senior notes are similarly released), after which the Notes will be unsecured. The Notes will be ETE’s senior obligations, ranking equally in right of payment with ETE’s other existing and future unsubordinated indebtedness and senior to any of ETE’s future subordinated indebtedness. The offering is expected to close on May 22, 2015, subject to customary closing conditions. ETE intends to use the net proceeds from this offering to repay all indebtedness outstanding under ETE’s revolving credit facility and to partially repay indebtedness outstanding under an existing term loan facility.

Energy Transfer Equity, L.P. Announces Unaudited Consolidated and Parent Company Earnings Results for the First Quarter Ended March 31, 2015

Energy Transfer Equity, L.P. announced unaudited consolidated and parent company earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported revenues of $10,380 million, operating income of $617 million, income from continuing operations before income tax expense of $233 million, income from continuing operations of $221 million and net income attributable to partners of $284 million against revenues of $13,080 million, operating income of $710 million, income from continuing operations before income tax expense of $569 million, income from continuing operations of $424 million and net income attributable to partners of $168 million for the same period a year ago. Net income per common unit was $0.52 against $0.30 a year ago. Income from continuing operations per common unit was $0.52 against $0.30 a year ago. Distributable cash flow attributable to the partners of ETP, as adjusted, for the three months ended March 31, 2015 totaled $321 million compared to $199 million for the same period last year. Distributable cash flow, as adjusted, per unit was $0.59 against $0.35 a year ago. Distributable cash flow $326 million compared to $198 million for the same period last year. For the quarter, on parent basis, the company reported income before income taxes of $285 million against $168 million a year ago. Net income was $284 million against $168 million a year ago. Limited partners’ interest in net income was $282 million against $167 million a year ago.

 

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Industry Analysis

ETE

Industry Average

Valuation ETE Industry Range
Price/Earnings 49.0x
Price/Sales 0.7x
Price/Book 48.7x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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