Last $57.16 USD
Change Today +0.34 / 0.60%
Volume 1.0M
As of 8:04 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

energy transfer equity lp (ETE) Snapshot

Open
$56.77
Previous Close
$56.82
Day High
$57.25
Day Low
$56.30
52 Week High
06/26/14 - $60.58
52 Week Low
09/24/13 - $30.75
Market Cap
31.1B
Average Volume 10 Days
1.4M
EPS TTM
$1.49
Shares Outstanding
543.7M
EX-Date
05/1/14
P/E TM
38.4x
Dividend
$1.44
Dividend Yield
2.39%
Current Stock Chart for ENERGY TRANSFER EQUITY LP (ETE)

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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. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. It owns and operates approximately 7,800 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’s midstream operations owns and operates approximately 6,700 miles of in service natural gas and natural gas liquid (NGL) gathering pipelines, 5 natural gas processing plants, 15 natural gas treating facilities, and 3 natural gas conditioning facilities. Its NGL transportation and services operations include 70% interest in the Lone Star joint venture that owns approximately 2,000 miles of NGL pipelines, 3 processing plants, 2 fractionation facilities, and NGL storage facilities with storage capacity of approximately 47 million barrels; and a 50% interest in the Liberty pipeline, an approximately 87-mile NGL pipeline. The company also sells gasoline and middle distillates at retail; operates convenience stores in 24 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, and dehydration. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.

13,573 Employees
Last Reported Date: 02/27/14
Founded in 2002

energy transfer equity lp (ETE) Top Compensated Officers

Chief Executive Officer of LE GP LLC, Preside...
Total Annual Compensation: $1.3M
Chief Financial Officer of Le Gp Llc - Genera...
Total Annual Compensation: $822.9K
Chairman of LE GP LLC, Chairman of the Board ...
Total Annual Compensation: $3.4K
Director of LE GP LLC, President of Energy Tr...
Total Annual Compensation: $1.5M
Senior Vice President of Le Gp Llc, General C...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2013.

energy transfer equity lp (ETE) Key Developments

Energy Transfer Equity Announces Offering of 5.875% Senior Notes Due 2024

Energy Transfer Equity, L.P. announced its intention, subject to market conditions, to commence a tack-on offering of additional 5.875% Senior Notes due 2024 (new notes) in a private placement. The new notes will be issued under the indenture pursuant to which ETE previously issued USD 450 million aggregate principal amount of 5.875% Senior Notes due 2024, all of which remains outstanding. The new notes and the previously issued notes will be treated as a single series under the indenture; however, until the new notes have been exchanged for registered notes, the new notes will not have the same CUSIP number as and will not trade interchangeably with the previously issued notes. ETE intends to use the net proceeds from the sale of the new notes to repay amounts outstanding under its revolving credit facility, and any remaining net proceeds will be used for general partnership purposes.

Potential Purchase of Targa Resources Canceled

A potential deal by Energy Transfer Equity, L.P. (NYSE:ETE) to acquire Targa Resources Corp. (NYSE:TRGP) and Targa Resources Partners LP (NYSE:NGLS) was terminated. Targa Resources and Targa Resources Partners announced that they have previously engaged in high level preliminary discussions regarding a potential business combination with Energy Transfer Equity, L.P. and certain of its affiliates, but that those discussions have been terminated.

Energy Transfer Equity, L.P. Presents at Credit Suisse MLP & Energy Logistics Conference, Jun-10-2014

Energy Transfer Equity, L.P. Presents at Credit Suisse MLP & Energy Logistics Conference, Jun-10-2014 . Venue: 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.

 

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Industry Analysis

ETE

Industry Average

Valuation ETE Industry Range
Price/Earnings 100.0x
Price/Sales 0.6x
Price/Book 24.6x
Price/Cash Flow 18.7x
TEV/Sales NM Not Meaningful
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