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Last $26.98 USD
Change Today -1.07 / -3.81%
Volume 5.8M
ETE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

energy transfer equity lp (ETE) Snapshot

Open
$27.47
Previous Close
$28.05
Day High
$27.85
Day Low
$26.80
52 Week High
06/15/15 - $35.44
52 Week Low
10/14/14 - $22.94
Market Cap
28.5B
Average Volume 10 Days
6.2M
EPS TTM
$1.03
Shares Outstanding
1.1B
EX-Date
08/4/15
P/E TM
26.2x
Dividend
$1.06
Dividend Yield
3.49%
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 Reportedly To Buy Stake In Eureka Hunter

Energy Transfer Equity, L.P. (NYSE:ETE) is making a bid to acquire a stake of Magnum Hunter Resources Corp. (NYSE:MHR) in Eureka Hunter Pipeline, LLC, Bloomberg reports citing people with knowledge of the matter. Magnum Hunter began working with Bank of Montreal to auction off its stake in Eureka after Energy Transfer made an unsolicited offer for the assets earlier this year. Magnum Hunter has since reached out to Crestwood Midstream Partners LP (NYSE:CMLP) and Summit Midstream Partners, LP (NYSE:SMLP) to gauge their interest in Eureka, said the people familiar with the matter, who asked not to be identified because the information is private. Magnum Hunter began working with the Bank of Montreal (TSX:BMO) to auction its stake in Eureka Hunter after Energy Transfer made an unsolicited offer for the assets earlier this year.

Spectra And Others Reportedly Plan Bidding For Williams Companies

Spectra Energy Corp. (NYSE:SE) is bidding to acquire whole of Williams Companies, Inc. (NYSE:WMB), people familiar with the matter said. Williams decided to put itself on the auction block after it rejected an all-stock acquisition proposal from Energy Transfer Equity, L.P. (NYSE:ETE) in June, 2015. Kinder Morgan, Inc. (NYSE:KMI) is also interested in acquiring Williams, but would face potential antitrust issues if it proceeded with a bid, the people added. Williams collected an initial round from prospective bidders in late July 2014, according to the people. Final bids for Williams are due the last week of August, 2015, the people said. Energy Transfer has hired at least eight investment banks that are now working on its bid, the people said. Williams has a market capitalization of around $38.5 billion. Wells Fargo is advising Spectra, the people said.

Energy Transfer Equity, L.P. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Energy Transfer Equity, L.P. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $11,594 million compared with $14,143 million for the same period a year ago. Operating income was $896 million compared with $773 million for the same period a year ago. Income from continuing operations before tax was $716 million compared with $528 million for the same period a year ago. Income from continuing operations was $772 million or $0.15 per basic and diluted share compared with $458 million or $0.15 per basic and diluted share for the same period a year ago. Net income attributable to partners was $298 million or $0.28 per basic and diluted share compared with $164 million or $0.15 per basic and diluted share for the same period a year ago. For the six months, the company reported revenues of $21,974 million compared with $27,223 million for the same period a year ago. Operating income was $1,513 million compared with $1,483 million for the same period a year ago. Income from continuing operations before tax was $949 million compared with $1,097 million for the same period a year ago. Income from continuing operations was $993 million or $0.54 per basic and diluted share compared with $882 million or $0.29 per basic and diluted share for the same period a year ago. Net income attributable to partners was $582 million or $0.54 per basic and diluted share compared with $332 million or $0.30 per basic and diluted share for the same period a year ago.

 

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Industry Analysis

ETE

Industry Average

Valuation ETE Industry Range
Price/Earnings 34.3x
Price/Sales 0.6x
Price/Book 60.1x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
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