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Energy Transfer Partners L.P. (ETP) is a publicly traded limited partnership that owns and operates various energy assets in the United States. The company operates through three segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, and Midstream.
Here are some key points to know about Energy Transfer Partners L.P. (ETP)
1.Historical stock data: On February 21, 1996, the company's common units began trading on the New York Stock Exchange under the ticker symbol ETP. At the initial public offering, 20,000,000 common units were sold for $20 per unit. On September 28, 2004, the company changed its name to Energy Transfer Partners, L.P., and began trading under the ticker symbol ETP.
2.Earnings: The company's earnings have fluctuated over the years, mainly due to changes in energy demand and the prices of natural gas and crude oil. For example, in 2020, the company reported a net income of $683 million, compared to net income of $4.2 billion in 2019.
3. Growth: Energy Transfer Partners has grown significantly since its inception and now operates a diverse portfolio of energy assets, including pipelines, storage facilities, and terminalling facilities. The company has also made several significant acquisitions over the years, such as the $18 billion acquisition of Williams Companies Inc. in 2016.
4. Dividends: Energy Transfer Partners has consistently paid quarterly distributions to its unit holders. In 2020, the company paid a distribution of $0.305 per common unit.
5. Financials: Energy Transfer Partners' financial performance is affected by various industry and market trends. Key factors impacting the company`s financial performance include energy demand and supply, commodity prices, regulatory approvals, and competition. The company`s financial reports and presentations can be accessed through their website.
6. Management: The company's management team includes Thomas E. Long, CEO and CFO; Mackie Bounds, President; Thomas P. Mason, Senior Vice President and General Counsel; and Bradford A. Rice, Senior Vice President and Chief Operating Officer.
7. Recent Developments: Energy Transfer Partners has been expanding its operations and infrastructure, including the recent completion of the Bayou Bridge Pipeline project in Louisiana. The company has also been involved in several high-profile legal disputes regarding some of its pipeline projects.
8. On February 18, 2022, Energy Transfer LP Announces Pricing of Anchor Optimization, LLC Stake.
9. Transparency: ETP has published a sustainability report outlining its environmental, social, and governance (ESG) performance and efforts. The company has been criticized by environmental groups for its involvement in pipeline projects that have an adverse impact on the environment and local communities.
Overall, Energy Transfer Partners L.P. (ETP) is an attractive option for investors seeking a high-yielding stock that delivers consistent payouts, possesses significant growth opportunities, and trades at attractive valuations.
I hope this information helps you evaluate Energy Transfer Partners L.P. (ETP) as a potential investment opportunity. It is essential to remember that investing in the stock market involves risks and thorough research and consultation with financial advisors before making investment decisions is essential.