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Energy Transfer Partners Lp
Energy Transfer Partners L.P. is a publicly traded limited partnership that owns and operates energy assets in the United States. The company was founded in 1995 and is headquartered in Dallas, Texas. Energy Transfer Partners L.P. is listed on the New York Stock Exchange under the ticker symbol “ETP”.
Energy Transfer Partners L.P. operates in the energy sector and is primarily involved in the transportation, storage, and gathering of natural gas, natural gas liquids, and crude oil. The company’s operations include the following segments:
1. Intrastate Transportation and Storage: Energy Transfer Partners L.P. owns and operates intrastate transportation pipelines that transport natural gas within Texas, including the Trans-Pecos and the South Texas pipelines.
2. Interstate Transportation and Storage: The company owns and operates interstate transportation pipelines that transport natural gas from the Permian Basin in western Texas to other states, including the Rockies Express Pipeline, the Overthrust Pipeline, and the Frontier Pipeline.
3. Natural Gas Gathering: Energy Transfer Partners L.P. owns and operates natural gas gathering systems that collect natural gas from producers in multiple states, including the Barnett Shale, the Haynesville Shale, and the Marcellus Shale.
4. Natural Gas Processing: The company owns and operates natural gas processing facilities that separate natural gas liquids from natural gas.
5. Crude Oil Transportation: Energy Transfer Partners L.P. owns and operates crude oil transportation pipelines, including the Trunkline pipeline, which transports crude oil from the Permian Basin to the Gulf Coast.
6. Storage and Fractionation: The company owns and operates natural gas storage facilities and natural gas liquid (NGL) fractionation facilities.
Energy Transfer Partners L.P. has a history of growth through acquisitions and organic projects. In 2017, the company acquired Williams Companies, Inc., a natural gas processing and transportation company. The acquisition expanded Energy Transfer Partners L.P.'s operations in the Marcellus and Utica shale plays.
Energy Transfer Partners L.P. had a market capitalization of around $40 billion as of December 2022. The company's financial performance has been affected by factors such as fluctuations in energy commodity prices and the demand for energy transportation and storage services. Energy Transfer Partners L.P. has a distribution yield of around 8.5% at the time of writing. The company has increased its distribution payout to unitholders for several years.
Energy Transfer Partners L.P. is considered a midstream energy company because its operations are primarily focused on the transportation, storage, and processing of energy products. This means that the company is not directly involved in the exploration and production of natural resources, but rather focuses on the transportation and processing of those resources.
Energy Transfer Partners L.P. faces competitors in each of its business segments. Plains All American Pipeline, L.P., Marathon Petroleum Corporation, and Magellan Midstream Partners, L.P. are among the company's competitors in the transportation and storage of crude oil and natural gas. Other competitors in the natural gas gathering and processing sector include Enterprise Products Partners L.P., Plains All American Pipeline, L.P., and Williams Companies, Inc.
Overall, Energy Transfer Partners L.P. is a major player in the US energy infrastructure industry, with a diverse portfolio of assets that provide midstream services to producers, refineries, and other industry players. The partnership's extensive network of pipelines and storage facilities makes it a critical part of the country's energy landscape.