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59

Energy Transfer

ET

Pipeline company Energy Transfer LP expanded its vast network in 2018, as rising shale production increased throughput domestically and stoked exports. Revenue surged nearly 15% to $54.4 billion and profits hit close to $1.7 billion. The Dallas-based company, whose pipelines carry about a third of the U.S.’s crude and natural gas, ended 2018 by opening its Mariner East II pipeline for liquid natural gas that will increase export capacity off the U.S. East Coast. But it also spent the year grappling with anti-pipeline opposition, and attracted controversy in Pennsylvania after a pipeline explosion in September destroyed a house and sparked complaints about compliance with environmental standards. (The company has said it is committed to addressing the problems in Pennsylvania.)

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CEO

Kelcy L. Warren

CEO Title

Chairman & Chief Executive Officer

Sector

Energy

Industry

Pipelines

HQ Location

Dallas, Texas

Years on Fortune 500 List

13

Employees

11,768

A partnership., Changed name from Energy Transfer Equity, Oct. 19, 2018.Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
$ millions% change
Revenues ($M)$54,43614.6%
Profits ($M)$1,694.077.6%
Assets ($M)$88,246
Total Stockholder Equity ($M)$20,559
Profit Ratios
Profit as % of Revenues3.1%
Profits as % of Assets1.9%
Profits as % of Stockholder Equity8.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.15
EPS % Change (from 2017)38.6%
EPS % Change (5 year annual rate)45.7%
EPS % Change (10 year annual rate)10.6%
Total Return
Total Return to Investors (2018)-17.7%
Total Return to Investors (5 year, annualized)-2.7%
Total Return to Investors (10 year, annualized)19.6%
STOCK QUOTE
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Energy Transfer

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