Energy Transfer Partners

Energy Transfer Benefits from Record U.S. Oil, Gas Production, an Industrial Info News Alert

Retrieved on: 
Friday, February 22, 2019
Energy Transfer Partners, Natural gas, Companies, Fuels, Petroleum industry

SUGAR LAND, Texas, Feb. 22, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Like other midstream companies, Energy Transfer LP(Dallas, Texas) is benefitting from record production of oil, natural gas and natural gas liquids (NGLs) in the U.S. After the merger of Energy Transfer Partners and Energy Transfer Equity in October, the new Energy Transfer reported full-year 2018 net income of $1.69 billion, compared with $954 million in 2017.

Key Points: 
  • SUGAR LAND, Texas, Feb. 22, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Like other midstream companies, Energy Transfer LP(Dallas, Texas) is benefitting from record production of oil, natural gas and natural gas liquids (NGLs) in the U.S. After the merger of Energy Transfer Partners and Energy Transfer Equity in October, the new Energy Transfer reported full-year 2018 net income of $1.69 billion, compared with $954 million in 2017.
  • During the year, the company completed several growth projects and is progressing with several more.
  • In the company's fourth-quarter 2018 earnings conference call, Chief Financial Officer Tom Long said Energy Transfer expects to invest approximately $5 billion on organic growth projects in 2019.
  • Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.

Sunoco LP Maintains Quarterly Distribution

Retrieved on: 
Friday, January 25, 2019
Oil companies, Companies, Economy of the United States, Sunoco, New York Stock Exchange, Energy Transfer Partners, Sun, Ion Media

DALLAS, Jan. 25, 2019 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the fourth quarter of 2018 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis.

Key Points: 
  • DALLAS, Jan. 25, 2019 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the fourth quarter of 2018 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis.
  • The distribution will be paid on February 14, 2019 to common unitholders of record on February 6, 2019.
  • Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states.
  • SUN's general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of Energy Transfer LP (NYSE: ET).

Sunoco LP Announces Fuel Distribution Acquisitions and Strategic Divestiture of its Ethanol Facility

Retrieved on: 
Friday, January 18, 2019
Sunoco, Petroleum industry, Economy of the United States, Energy Transfer Partners, Energy, A-Plus

Sunoco will convert the acquired convenience store locations to wholesale distribution sites.

Key Points: 
  • Sunoco will convert the acquired convenience store locations to wholesale distribution sites.
  • These acquisitions are consistent with Sunoco's strategy of utilizing its scale to grow the core fuel distribution business.
  • Sunoco will fund the transactionswith cash on hand and amounts available under its revolving credit facility, while continuing to maintain its targeted leverage ratio.
  • Sunoco's general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP (NYSE: ET).

Greenpeace USA Report Urges Banks to End Relationship with Energy Transfer Partners

Retrieved on: 
Tuesday, June 19, 2018
Law, Energy Transfer Partners, Greenpeace, Strategic lawsuit against public participation

"Energy Transfer Partners' practices are destructive for the planet, for communities and for the health of democracy.

Key Points: 
  • "Energy Transfer Partners' practices are destructive for the planet, for communities and for the health of democracy.
  • Whether it's hiring private security firms that surveil and infiltrate activist groups, advocating for laws that restrict the right to protest, or plowing forward with pipeline projects against the will of Indigenous people and landowners, Energy Transfer Partners shows what happens when corporate power goes unchecked.The company's projects will continue to be lightning rods for protest and controversy," said Greenpeace USA Executive Director Annie Leonard.
  • The report details how Energy Transfer Partners uses bullying SLAPPs (Strategic Lawsuits Against Public Participation) and aggressive private security firms to intimidate opponents of its projects, while lobbying for anti-protest legislation both on its own and likely through groups like the American Legislative Exchange Council (ALEC), a group that drafts model bills in line with corporate interests .
  • In August 2017, ETP sued Greenpeace entities and others for USD $900 million, using RICO laws to claim that a collection of environmental groups and Indigenous allies constituted a criminal enterprise.