Profile: Energy Transfer Equity LP (ETE)
13 Jan 2017
Energy Transfer Equity, L.P. (ETE), incorporated on August 23, 2005, directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines. The Company's segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other. The Company's subsidiaries include ETP, Energy Transfer Partners GP, L.P. (ETP GP), Energy Transfer Partners, L.L.C. (ETP LLC), Panhandle Eastern Pipe Line Company, LP and its subsidiaries (Panhandle), Sunoco Logistics Partners L.P. (Sunoco Logistics), Sunoco LP, Lake Charles LNG Company, LLC (Lake Charles LNG) and ETP Holdco Corporation (ETP Holdco).
Investment in ETP
The Company's Investment in ETP segment has the ETP's operations, which include Intrastate Transportation and Storage operations; Interstate Transportation and Storage operations; Midstream operations; Liquids Transportation and Services operations; ETP's Investment in Sunoco Logistics; Retail Marketing operations, and ETP's other operations and Investments. Through its intrastate transportation and storage operations, ETP owns and operates approximately 7,500 miles of natural gas transportation pipelines with approximately 14.1 billion cubic feet per day (Bcf/d) of transportation capacity and over three natural gas storage facilities located in the state of Texas. Through La Grange Acquisition, L.P. (ETC OLP), ETP owns an intrastate pipeline system in the United States with interconnects to Texas markets and to consumption areas throughout the United States. ETP's intrastate transportation and storage operations focus on the transportation of natural gas to various markets through connections with other pipeline systems, as well as through its Oasis pipeline, its East Texas pipeline, its natural gas pipeline and storage assets that are referred to as the ET Fuel System and its HPL System. ETP is engaged in the sale of natural gas to electric utilities, independent power plants, local distribution companies, industrial end users and other marketing companies on the HPL System.
ETP, through its interstate transportation and storage operations, directly owns and operates approximately 12,300 miles of interstate natural gas pipeline with approximately 11.2 billion cubic feet (Bcf) per day of transportation capacity. ETP also owns interest in Citrus, LLC (Citrus), which has an approximately 5,400 mile pipeline system that extends from south Texas through the Gulf Coast to south Florida. ETP's interstate transportation and storage operations include Panhandle, which owns and operates a natural gas open-access interstate pipeline network. The pipeline network, consisting of the Panhandle, Trunkline Gas Company, LLC (Trunkline) and Sea Robin Pipeline Company, LLC (Sea Robin) transmission systems, serves customers in the Midwest, Gulf Coast and Midcontinent the United States with an array of transportation and storage services. In connection with its natural gas pipeline transmission and storage systems, Panhandle has over five natural gas storage fields located in Illinois, Kansas, Louisiana, Michigan and Oklahoma. Southwest Gas operates approximately four of these fields and Trunkline operates over one. The pipelines in the interstate transportation and storage operations include Florida Gas Transmission Pipeline, Transwestern Pipeline, Panhandle Eastern Pipe Line, Trunkline Gas Company, Tiger Pipeline, Fayetteville Express Pipeline, Sea Robin Pipeline, Midcontinent Express Pipeline LLC and Gulf States.
ETP, through the Company's midstream operations, owns and operates approximately 35,000 miles of in service natural gas, over 30 natural gas processing plants, approximately 20 natural gas treating facilities and over four natural gas conditioning facilities with an aggregate processing, treating and conditioning capacity of approximately 10.1 Bcf/d. ETP's midstream operations focus on the gathering, compression, treating, blending, and processing, and its operations are concentrated in producing basins and shales, including the Austin Chalk trend and Eagle Ford Shale in South and Southeast Texas, the Permian Basin in West Texas and New Mexico, the Barnett Shale and Woodford Shale in North Texas, the Bossier Sands in East Texas, the Marcellus Shale in West Virginia, and the Haynesville Shale in East Texas and Louisiana. ETP's midstream assets are integrated with its intrastate transportation and storage assets. The assets in the midstream operations include Southeast Texas System, North Texas System, Northern Louisiana, Eagle Ford System, Arklatex System, South Texas System, Permian System, Mid-Continent Region, Eastern Region and Other Midstream Assets.
Through ETP's liquids transportation and services operations, ETP has an interest in Lone Star, which owns approximately 2,000 miles of NGL pipelines with an aggregate transportation capacity of approximately 388,000 barrels per day (Bbls/d), over three NGL processing plants with an aggregate processing capacity of approximately 904 million cubic feet per day (MMcf/d), over four NGL and propane fractionation facilities with an aggregate capacity of approximately 325,000 Bbls/d, and NGL storage facilities with aggregate working storage capacity of approximately 50 million Bbls. Its NGL and propane fractionation facilities, and the NGL storage facilities are located at Mont Belvieu, Texas; NGL fractionation facility is located in Geismar, Louisiana, and the NGL pipelines primarily transport NGLs from the Permian and Delaware basins, and the Barnett and Eagle Ford Shales to Mont Belvieu. ETP also owns and operates approximately 274 miles of NGL pipelines. The assets in the liquids transportation and services operations include West Texas System, West Texas Gateway Pipeline, Rio Bravo Pipeline, Mont Belvieu Facilities, Hattiesburg Storage Facility, Sea Robin Processing Plant, Refinery Services and Other NGL Pipelines.
ETP's interests in Sunoco Logistics consist of over 67.1 million Sunoco Logistics common units and approximately 9.4 million Sunoco Logistics Class B Units. ETP also owns interest in Sunoco Partners LLC. Sunoco Logistics owns and operates a logistics business, consisting of a geographically portfolio of pipeline, terminalling, and acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil and refined petroleum products pipelines primarily in the northeast, Midwest and southwest regions of the United States. In addition, Sunoco Logistics has owns interests in several product pipeline joint ventures. It consists of approximately 5,900 miles of crude oil trunk and gathering pipelines in the southwest and Midwest the United States and equity ownership interests in over three crude oil pipelines. Sunoco Logistics' crude oil terminalling services operate with an aggregate storage capacity of approximately 30 million barrels, including approximately 20 million barrels at its Gulf Coast terminal in Nederland, Texas, and approximately three million barrels at its Fort Mifflin terminal complex in Pennsylvania. Sunoco Logistics' NGLs segment transports, stores, and executes acquisition and marketing activities utilizing a network of pipelines, storage and blending facilities, and off-take locations that provide access to multiple NGLs markets. It contains approximately 900 miles of NGLs pipelines, primarily related to its Mariner systems located in the northeast and southwest United States. Terminalling services are facilitated by approximately five million barrels of NGLs storage capacity, including approximately one million barrels of storage at its Nederland, Texas terminal facility and over one million barrels at its Marcus Hook, Pennsylvania terminal facility (the Marcus Hook Industrial Complex). This segment also carries out Sunoco Logistics' NGLs blending activities, including utilizing its butane blending technology.
Sunoco Logistics' refined products segment provides transportation and terminalling services, through the use of approximately 1,800 miles of refined products pipelines and approximately 40 active refined products marketing terminals. Sunoco Logistics' marketing terminals are located primarily in the northeast, Midwest and southeast United States, with approximately eight million barrels of refined products storage capacity. Sunoco Logistics' refined products segment includes its Eagle Point facility in New Jersey, which has approximately six million barrels of refined products storage capacity. The assets in the investment in Sunoco Logistics operations include Crude Oil, which consists of Crude Oil Pipelines, Crude Oil Acquisition and Marketing, and Crude Oil Terminals; Natural Gas Liquids, which consists of NGL Pipelines, NGLs Terminals and NGLs Acquisition & Marketing, and Refined Products, which consists of Refined Products Pipelines, Refined Products Terminals, and Refined Products Acquisition and Marketing.
ETP's retail marketing business operations is conducted through ETP's subsidiary, Sunoco, Inc. ETP's retail marketing operations include the sales of motor fuel (gasoline and diesel) and merchandise at Company-operated retail locations and branded convenience stores conducted in over 10 states, primarily on the east coast and south regions of the United States. ETP's retail marketing operations also own over 37.8 million Sunoco LP common units. Sunoco LP operates over 850 convenience stores and retail fuel sites, and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in over 30 states at approximately 6,800 sites. ETP's other operations and investments include equity interests of a natural gas compression equipment business with operations in Arkansas, California, Colorado, Louisiana, New Mexico, Oklahoma, Pennsylvania and Texas; Sunoco, Inc.'s non-operating interest in Philadelphia Energy Solutions (PES), and interest in Energy Transfer Group, L.L.C. (ETT), which provides compression services to customers engaged in the transportation of natural gas, including ETP's other operations. ETP also owns interest in Lake Charles LNG Export Company, LLC (LCL), which is engaged in developing a Liquefied natural gas (LNG) liquefaction project. ETP owns and operates a fleet of equipment used to provide treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration and British thermal unit (BTU) management. ETP also owns PEI Power Corp. and PEI Power II, which own and operate a facility in Pennsylvania that generates over 75 megawatts of electrical power. ETP's subsidiaries operate as a significant distributor to multiple fuel brands, including Exxon, Mobil, Valero, Shell and Chevron.
Investment in Sunoco LP
The Company's Investment in Sunoco LP segment includes wholesale operations and is engaged in wholesale distribution of motor fuels and other petroleum products. It supplies these products to the retail operations, the affiliate, Sunoco, Inc., third-party dealers and independent operators of consignment locations. Sunoco LP purchases motor fuel primarily from independent refiners and oil companies, and distributes it over 30 states throughout the East Coast and Southeast Regions of the United States from Maine to Florida and from Florida to New Mexico, as well as Hawaii to customers through its approximately 900 Company operated convenience stores and fuel outlets, including over 725 Stripes convenience stores; over 440 Sunoco convenience stores and retail fuel outlets; over 150 independently operated consignment locations where it sells motor fuel under consignment arrangements to retail customers; approximately 5,320 convenience stores and retail fuel outlets operated by independent operators, and approximately 1,930 other commercial customers, including unbranded convenience stores, other fuel distributors, school districts, and municipalities and other industrial customers. The retail convenience stores operate under several brands, including Stripes and Aloha Island Mart.
Through its ownership interest in Sunoco LLC, Sunoco LP is the wholesale supplier of Sunoco branded motor fuel, supplying a distribution network of approximately 5,000 Sunoco-branded third-party and affiliate operated locations throughout the southeast, mid-Atlantic and northeast regions of the United States, as well as over 190 Company-operated Sunoco branded locations in Texas. In addition to distributing motor fuel, Sunoco LP also distributes other petroleum products, such as propane and lube oil.
Investment in Lake Charles LNG
The Company's Lake Charles LNG provides terminal services for shippers by receiving LNG at the facility for storage and delivering such LNG to shippers, either in liquid state or gaseous state after regasification. Lake Charles LNG owns a LNG import terminal and regasification facility located on Louisiana's Gulf Coast near Lake Charles, Louisiana.
Energy Transfer Equity LP
8111 Westchester Dr Ste 600
DALLAS TX 75225-6142
Company Web Links
- Energy Transfer MLPs Sunoco Logistics and ETP to combine
- UPDATE 3-Energy Transfer MLPs Sunoco Logistics and ETP to combine
- BRIEF-Sunoco Logistics to acquire Energy Transfer Partners
- BRIEF-Energy Transfer Equity qtrly earnings per share of $ 0.19
- BRIEF-Energy Transfer Partners to buy certain interests in Penntex Midstream Partners for about $640 mln