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Profile: Energy Transfer Partners LP (ETP.N)

ETP.N on New York Stock Exchange

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7 Dec 2016
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Energy Transfer Partners, L.P. (ETP), incorporated on April 17, 1996, is a master limited partnership. The Company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage through La Grange Acquisition, L.P. (ETC OLP), and interstate natural gas transportation and storage through Energy Transfer Interstate Holdings, LLC (ET Interstate) and Panhandle Eastern Pipe Line Company, LP (Panhandle); liquids operations, including natural gas liquids (NGL) transportation, storage and fractionation services primarily through Lone Star NGL LLC (Lone Star); product and crude oil operations, including product and crude oil transportation, terminalling services, and acquisition and marketing activities through Sunoco Logistics Partners L.P. (Sunoco Logistics) and retail marketing of gasoline and middle distillates through Sunoco, Inc. Its segments include Intrastate Transportation and Storage Segment; Interstate Transportation and Storage Segment; Midstream Segment; Liquids Transportation and Services Segment; Investment in Sunoco Logistics segment; Retail Marketing Segment, and All Other Segment.

The Company is managed by its general partner, Energy Transfer Partners GP, L.P. (General Partner or ETP GP). The Company manages fuel and convenience store brands through its retail portfolio of outlets, including Sunoco and Aplus. In addition to its operating brands, its subsidiaries operate as a distributor to multiple fuel brands, including Exxon, Mobil, Valero, Shell and Chevron.

Intrastate Transportation and Storage Segment

The Company's intrastate transportation and storage segment owns and operates approximately 7,500 miles of natural gas transportation pipelines with over 14.1 billion cubic feet per day (Bcf/d) of transportation capacity and approximately three natural gas storage facilities located in the state of Texas. Natural gas transportation pipelines receive natural gas from other mainline transportation pipelines and gathering systems and deliver the natural gas to industrial end-users, utilities and other pipelines.

Through ETC OLP, the Company owns intrastate pipeline system in the United States with interconnects to Texas markets and to consumption areas throughout the United States. Its intrastate transportation and storage segment focuses on the transportation of natural gas to markets from various prolific natural gas producing areas 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 it refers to as ET Fuel System, and its HPL System. It is also engaged in the sale of natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users and other marketing companies on its HPL System. The pipelines and storage facilities in the intrastate transportation and storage segment include ET Fuel System, Oasis Pipeline, HPL System and East Texas Pipeline.

Interstate Transportation and Storage Segment

The Company's interstate transportation and storage segment directly owns and operates approximately 12,300 miles of interstate natural gas pipeline with over 11.2 billion cubic feet (Bcf) per day of transportation capacity. Natural gas transportation pipelines receive natural gas from other mainline transportation pipelines and gathering systems and deliver the natural gas to industrial end-users, utilities and other pipelines. It has an interest in the joint venture that owns the 185-mile Fayetteville Express pipeline and the 500-mile Midcontinent Express pipeline. ETP also owns interest in Citrus, LLC (Citrus), which owns the Florida Gas Transmission Company, LLC (FGT), an approximately 5,330 mile pipeline system that extends from south Texas through the Gulf Coast to south Florida.

The Company's interstate transportation and storage segment includes Panhandle, which owns and operates a natural gas open-access interstate pipeline network. The pipeline network, consisting of the Panhandle, Trunkline and Sea Robin transmission systems, serves customers in the Midwest, Gulf Coast and Midcontinent United States with an array of transportation and storage services. In connection with its natural gas pipeline transmission and storage systems, Panhandle has approximately five natural gas storage fields located in Illinois, Kansas, Louisiana, Michigan and Oklahoma. The pipelines in the interstate transportation and storage segment include Florida Gas Transmission Pipeline, Transwestern Pipeline, Panhandle Eastern Pipe Line, Trunkline Gas Company, Tiger Pipeline, Fayetteville Express Pipeline and Sea Robin Pipeline.

Midstream Segment

Through the Company's midstream segment, it 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. Its midstream segment focuses on the gathering, compression, treating, blending and processing, and its operations are concentrated in various 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 Pennsylvania, and the Haynesville Shale in East Texas and Louisiana. Its midstream assets are integrated with its intrastate transportation and storage assets. The assets in the midstream segment include Southeast Texas System, North Texas System, Northern Louisiana and Eagle Ford System.

Liquids Transportation and Services Segment

The Company's Liquids Transportation and Services segment owns interest in Lone Star, which owns approximately 2,000 miles of NGL pipelines with an aggregate transportation capacity of over 388,000 barrels per day (Bbls/d), approximately three NGL processing plants with an aggregate processing capacity of over 900 million cubic feet per day (MMcf/d), approximately four NGL and propane fractionation facilities with an aggregate capacity of over 325,000 Bbls/d and NGL storage facilities with aggregate working storage capacity of approximately 50 million Bbls. Approximately four NGL and propane fractionation facilities and the NGL storage facilities are located at Mont Belvieu, Texas; one 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. The Company also owns and operates approximately 270 miles of NGL pipelines, including an interest in the joint venture that owns the Liberty pipeline, an approximately 87-mile NGL pipeline and the 82-mile Rio Bravo crude oil pipeline.

The Liquids Transportation and Services segment includes processing and fractionating refinery off-gas. The assets in the liquids transportation and services segment include West Texas System, West Texas Gateway Pipeline, Rio Bravo Pipeline, Mont Belvieu Facilities, Hattiesburg Storage Facility, Sea Robin Processing Plant and Refinery Services.

Investment in Sunoco Logistics segment

Sunoco Logistics owns and operates a logistics business, consisting of a geographically diverse portfolio of pipeline, terminalling, and acquisition and marketing assets that are used to facilitate the purchase and sale of crude oil and refined petroleum products pipelines in the northeast, midwest and southwest regions of the United States. In addition, Sunoco Logistics has ownership interests in various product pipeline joint ventures. Sunoco Logistics' operations include approximately 5,900 miles of crude oil trunk and gathering pipelines in the southwest and midwest 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 over three million barrels at its Fort Mifflin terminal complex in Pennsylvania. Sunoco Logistics' crude oil acquisition and marketing activities utilize its pipeline and terminal assets, its fleet of crude oil tractor trailers and truck unloading facilities, as well as third-party assets, to service crude oil markets in the mid-continent United States.

Sunoco Logistics' NGLs operations transports, stores, and executes acquisition and marketing activities utilizing a network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGLs markets. The operations contain 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 over five million barrels of NGLs storage capacity, including approximately one million barrels of storage at its Nederland, Texas terminal facility and over three million barrels at its Marcus Hook, Pennsylvania terminal facility (the Marcus Hook Industrial Complex). These operations also carry out Sunoco Logistics' NGLs blending activities, including utilizing its butane blending technology.

Sunoco Logistics' refined products operations provide transportation and terminalling services, through the use of approximately 1,800 miles of refined products pipelines and over 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 operations include its Eagle Point facility in New Jersey, which has over six million barrels of refined products storage capacity. The operations also include Sunoco Logistics' equity ownership interests in four refined products pipeline companies. The operations also perform terminalling activities at Sunoco Logistics' Marcus Hook Industrial Complex. Sunoco Logistics' refined products operations utilize its integrated pipeline and terminalling assets, as well as acquisition and marketing activities, to service refined products markets in various regions in the United States.

Retail Marketing segment

The Company's retail marketing business is conducted through its subsidiary, Sunoco, Inc. Its 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 approximately 10 states, primarily on the east coast and south regions of the United States. It also owns a membership interest in Sunoco, LLC, which distributes approximately 5.3 billion gallons per year of motor fuel to customers in the east, midwest and southwest regions of the United States. Its retail marketing segment also owns approximately 37.8 million Sunoco LP, which operates over 850 convenience stores and retail fuel sites, and distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors located in approximately 30 states at over 6,800 sites, both directly, as well as through its interest in Sunoco, LLC.

All Other segment

Sunoco, Inc. owns approximately 33% non-operating interest in Philadelphia Energy Solutions (PES), a refining joint venture, which owns a refinery in Philadelphia. Sunoco, Inc. has a supply contract for gasoline and diesel produced at the refinery for its retail marketing business. The Company conducts marketing operations, in which it markets the natural gas that flows through its gathering and intrastate transportation assets, referred to as on-system gas. For both on-system and off-system gas, it purchases natural gas from natural gas producers and other suppliers and sell that natural gas to utilities, industrial consumers, other marketers and pipeline companies.

The Company owns all of the equity interests of a natural gas compression equipment business with operations in Arkansas, California, Colorado, Louisiana, New Mexico, Oklahoma, Pennsylvania and Texas. It owns membership interests of Energy Transfer Group, L.L.C. (ETG), which owns all of the partnership interests of Energy Transfer Technologies, Ltd. (ETT). ETT provides compression services to customers engaged in the transportation of natural gas, including its other segments. It owns an interest in Lake Charles LNG Export Company, LLC (LCL), which is developing a liquefied natural gas (LNG) liquefaction project. It owns and operates a fleet of compressors used to provide natural gas compression services for customer specific systems. It also 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 a total of approximately 80 megawatts of electrical power.

Company Address

Energy Transfer Partners LP

8111 Westchester Dr Ste 600
DALLAS   TX   75225-6142
P: +1214.9810700
F: +1214.9810703

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