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194

Energy Transfer

Carla Gottgens—Bloomberg via Getty Images
  • Previous Rank217
  • Country
    U.S.
  • Revenues ($M)$54,436.00
  • Revenue Percent Change14.6%
  • Profits ($M)$1,694.00
  • Profits Percent Change77.6%
  • Assets ($M)$88,246.00
  • Employees11,768

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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Company Information

CEO
Kelcy L. Warren
Sector
Energy
Industry
Pipelines
HQ Location
Dallas
Websitehttps://www.energytransfer.com
Years on Global 500 List6
Employees11,768
A partnership; changed name from Energy Transfer Equity, Oct. 19, 2018. Includes revenues from discontinued operations.

Energy Transfer Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$54,436.0014.6%
Profits ($M)$1,694.0077.6%
Assets ($M)$88,246.00-
Total Stockholder Equity ($M)$20,559.00-

Profit Ratios

Profit as % of Revenues3.1%
Profits as % of Assets1.9%
Profits as % of Stockholder Equity8.2%