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Energy Transfer Equity Lp

Energy Transfer Equity, L.P. (ETE) is a master limited partnership (MLP) that primarily engages in the natural gas midstream and intrastate transportation and storage businesses in the United States. The company operates through two segments: Intrastate Transportation and Storage and Interstate Transportation and Storage.

As of the second quarter of 2021, Energy Transfer Equity L.P. had a market capitalization of around $7.5 billion and reported net income of $940 million for the first six months of 2021, compared to a net loss of $391 million for the same period in 2020. The company's revenue for the first six months of 2021 was $18.3 billion, an increase from $17.3 billion in the same period of 2020.

ETE's earnings have been volatile in recent years, but the company has reported positive net income for the past three quarters. The partnership's distributable cash flow, a key metric for MLPs, was $1.9 billion for the first six months of 2021, compared to $1.3 billion for the same period in 2020.

In terms of growth, Energy Transfer Equity L.P. has been investing in new projects and expanding its asset base through acquisitions. The company has a strong presence in major shale plays, including the Permian Basin, and is well-positioned to benefit from the ongoing demand for natural gas.

However, it's important to note that investing in MLPs like Energy Transfer Equity carries certain risks, including dependence on commodity prices, regulatory risks, and the potential for declines in distributable cash flow. As with any investment, it's recommended to conduct thorough research and consider seeking advice from a financial advisor.