Last $62.00 USD
Change Today +1.18 / 1.94%
Volume 1.4M
ETE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

energy transfer equity lp (ETE) Snapshot

Open
$61.26
Previous Close
$60.82
Day High
$62.81
Day Low
$60.98
52 Week High
09/9/14 - $63.53
52 Week Low
09/24/13 - $30.75
Market Cap
33.4B
Average Volume 10 Days
1.1M
EPS TTM
$1.42
Shares Outstanding
538.8M
EX-Date
07/31/14
P/E TM
43.6x
Dividend
$1.52
Dividend Yield
2.29%
Current Stock Chart for ENERGY TRANSFER EQUITY LP (ETE)

energy transfer equity lp (ETE) Related Businessweek News

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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, L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Energy Transfer Equity, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $14,143 million compared to $12,063 million a year ago. Operating income was $773 million compared to $644 million a year ago. Income from continuing operations before income tax expense was $528 million compared to $418 million a year ago. Net income attributable to partners was $164 million or $0.30 per basic and diluted share compared to $127 million or $0.23 per basic and diluted share a year ago. Distributable cash flow, as adjusted was $218 million compared to $180 million a year ago. For the six months period, the company reported revenues of $27,223 million compared to $23,242 million a year ago. Operating income was $1,483 million compared to $1,175 million a year ago. Income from continuing operations before income tax expense was $1,097 million compared to $716 million a year ago. Net income attributable to partners was $332 million or $0.60 per basic and diluted share compared to $217 million or $0.39 per basic and diluted share a year ago. Distributable cash flow, as adjusted was $417 million compared to $358 million a year ago.

Energy Transfer Equity Declares Increase in Quarterly Cash Distribution Payable on August 19, 2014

Energy Transfer Equity, L.P. announced that its Board of Directors has approved a USD 0.02125 increase in its quarterly cash distribution to USD 0.38 per ETE common unit for the second quarter ended June 30, 2014, or USD 1.52 per unit on an annualized basis. Adjusting for the ETE unit split completed in January 2014, the quarterly distribution of USD 0.38 per ETE common unit represents a unit distribution increase of 16% on an annualized basis compared to the second quarter of 2013. This also represents an annualized distribution increase of USD 0.085 per common unit, or 5.9%, compared to the first quarter of 2014 and marks the seventh consecutive quarter that ETE has raised its distribution. The cash distribution will be paid on August 19, 2014 to unitholders of record as of the close of business on August 4, 2014.

Energy Transfer Equity, L.P. to Report Q2, 2014 Results on Aug 06, 2014

Energy Transfer Equity, L.P. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

 

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Industry Analysis

ETE

Industry Average

Valuation ETE Industry Range
Price/Earnings 100.0x
Price/Sales 0.6x
Price/Book 56.7x
Price/Cash Flow 18.0x
TEV/Sales NM Not Meaningful
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