BNET Industries

Energy Transfer Equity LP

(ETE) is in the Energy Industry

Market Cap:$6.3B
Last Fiscal Year Sales:$6.1B
  • Public
  • US
Dow Jones Description

Energy Transfer transfers gas and propane all over the country. Formed in 2002 and headquartered in Dallas, TX, Energy Transfer Equity, L.P. (NYSE: ETP) gathers, transports, stores, and markets natural gas and propane. The company operates more than 11,700 miles of natural gas gathering and transportation pipeline, 3 processing plants, 14 treating facilities, and 3 storage facilities. Also, it sells over 400 million gallons of propane annually to 700,000 customers in 34 US states. The company employs about 3,100 people and had 2005 revenue of about $6.2 billion. In December 2005, it acquired three retail propane businesses.

Co-CEO & Co-Chairman
Kelcy L. Warren
Number of Employees 4,277
Contact Information

2828 Woodside St

Dallas, Texas 75204

www.energytrans...

(214) 981-0700

NAICS Code Pipeline Transportation of Natural Gas: 486210

Recent Events

  • BRIEF-Credit Suisse starts U.S. energy MLPs with overweight position

    10/21/09 - Bond / Stock Rating - View Story

  • BRIEF-Energy Transfer announces settlement FERC

    8/26/09 - Legal Settlement - View Story

  • Fluor, McDermott Net Drops; Qiagen Net Rises

    8/11/09 - Financial Announcement - View Story

  • Energy Transfer Equity Q2 Profit Tumbles - Update

    8/10/09 - New Investment - View Story

News & Analysis

energy transfer equity lp - All News and Analysis

Decision Makers

Name (plus bio) Position
John W. McReynolds President
R C. Mills COO & Executive Vice President
Mackie McCrea Senior Vice President, Commercial Development
Bradley K. Atkinson Vice President, Corp Development
John W. Daigh Vice President & Treasurer
Karen Z. Hicks Vice President, Admin & Controller
Robert A. Burk General Counsel, Vice President & Secretary

Board of Directors

Name (plus bio) Position
Kelcy L. Warren Co-CEO & Co-Chairman
Ray C. Davis Co-CEO & Co-Chairman
Daniel Rioux Board of Directors
David R. Albin Board of Directors
H. Michael Krimbill Board of Directors
K. Rick Turner Board of Directors
Kenneth Hersh Board of Directors

Organization Position Status
Energy Transfer Equity, L.P. Co-CEO & Co-Chairman Current

Organization Position Status
Energy Transfer Equity, L.P. Co-CEO & Co-Chairman Current

Organization Position Status
Energy Transfer Equity, L.P. President Current
Energy Transfer Equity, L.P. Board Director Current
Energy Transfer Equity, L.P. Cfo Former

Organization Position Status
Energy Transfer Equity, L.P. COO & Executive Vice President Current

Organization Position Status
Energy Transfer Equity, L.P. Senior Vice President, Commercial Development Current

Organization Position Status
Energy Transfer Equity, L.P. Vice President, Corp Development Current

Organization Position Status
Energy Transfer Equity, L.P. Vice President & Treasurer Current

Organization Position Status
Energy Transfer Equity, L.P. Vice President, Admin & Controller Current

Organization Position Status
Energy Transfer Equity, L.P. General Counsel, Vice President & Secretary Current

Organization Position Status
Energy Transfer Equity, L.P. Board of Directors Current

Organization Position Status
Energy Transfer Equity, L.P. Board of Directors Current

Organization Position Status
Energy Transfer Partners, L.P. President Current
Seminole Energy Services LLC Board of Directors Current
Energy Transfer Equity, L.P. Board of Directors Current
Energy Transfer Partners, L.P. Board Director Current
Williams Partners L.P. Board of Directors Current
Heritage Chief Executive Officer Former
Heritage President Former
Energy Transfer Equity, L.P. President & CFO Former
Energy Transfer Partners, L.P. Chief Financial Officer Former

Organization Position Status
Energy Transfer Equity, L.P. Board of Directors Current

Mr. Hersh is Chairman of our Board of Directors and a member of the Fund’s investment committee. He is Chief Executive Officer of NGP Energy Capital Management (“NGP”), having been involved with the Natural Gas Partners investment funds since the inception of the initial fund in 1988. Mr. Hersh leads NGP from its principal office in Irving, Texas, and is responsible for managing the investment portfolios of the NGP funds and their investment sourcing and monitoring. Prior to joining NGP, Mr. Hersh was employed by the energy group within Morgan Stanley & Company’s investment banking division, where he specialized in oil and natural gas financing and merger and acquisition transactions. Mr. Hersh serves on the board of directors of each of the general partners of Energy Transfer Partners, L.P., Energy Transfer Equity, L.P. and Eagle Rock Energy Partners, L.P. and on the boards of numerous private oil and natural gas companies. He graduated with a B.A., magna cum laude, from Princeton University in 1985 and an M.B.A. from Stanford University in 1989.

Organization Position Status
NGP Energy Capital Management, LLC Chief Executive Officer Current
Natural Gas Partners CEO & Managing Partner Current
Soft Science Current
Energy Transfer Equity, L.P. Board of Directors Current
Ngp Capital Resources Co Board of Directors Current
Energy Transfer Partners, L.P. Board Director Current
Co-Energy Group, LLC Former
Morgan Stanley Former
Ngp Capital Resources Co Chairman Former
Stanford University M.B.A. Former
Princeton University B.A. Former
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     ETE $28.56 -0.24 (-0.83% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 368,158
Shares Outstanding 222.90M
Market Cap 6.4B
Year High 31
Year Low 12.75
Earnings Per Share 1.73
P/E Ratio 16.51
Dividend 2.14
Yield 7.49
IndustryTop Rated

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