Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Its midstream operations include ownership and operation of natural gas and natural gas liquid (NGL) gathering pipelines, natural gas processing plants, natural gas treating facilities, and natural gas conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; a natural gas gathering system in Ohio; and transportation and supply of water to natural gas producers in Pennsylvania. The company's NGL transportation and services operations include ownership of approximately 4,300 miles of NGL pipelines, 5 NGL and propane fractionation facilities, and NGL storage facilities with aggregate working storage capacity of approximately 53 million barrels. It also sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. The company provides natural gas compression services; treating services, such as carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates a total of 75 megawatts electrical power. Energy Transfer Equity, L.P. was founded in 2002 and is based in Dallas, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
SymbolNYSE:ETE
CUSIPN/A
Phone214-981-0700
Debt
Debt-to-Equity Ratio1.46
Current Ratio0.99
Quick Ratio0.76
Price-To-Earnings
Trailing P/E Ratio13.99
Forward P/E Ratio8.09
P/E GrowthN/A
Sales & Book Value
Annual Sales$40.52 billion
Price / Sales0.48
Cash Flow$4.4734 per share
Price / Cash3.76
Book Value$27.36 per share
Price / Book0.61
Profitability
EPS (Most Recent Fiscal Year)$1.21
Net Income$915 million
Net Margins2.60%
Return on Equity5.50%
Return on Assets1.85%
Miscellaneous
Employees29,486
Outstanding Shares1,158,210,000
Market Cap$20.19 billion
Energy Transfer Equity LP Unit (NYSE:ETE) Frequently Asked Questions
What is Energy Transfer Equity LP Unit's stock symbol?
Energy Transfer Equity LP Unit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ETE."
How often does Energy Transfer Equity LP Unit pay dividends? What is the dividend yield for Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit declared a quarterly dividend on Thursday, July 26th. Stockholders of record on Monday, August 6th will be paid a dividend of $0.305 per share on Monday, August 20th. This represents a $1.22 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Friday, August 3rd. View Energy Transfer Equity LP Unit's Dividend History.
When did Energy Transfer Equity LP Unit's stock split? How did Energy Transfer Equity LP Unit's stock split work?
Shares of Energy Transfer Equity LP Unit split on Monday, July 27th 2015. The 2-1 split was announced on Friday, May 29th 2015. The newly created shares were distributed to shareholders after the market closes on Friday, July 24th 2015. An investor that had 100 shares of Energy Transfer Equity LP Unit stock prior to the split would have 200 shares after the split.
How were Energy Transfer Equity LP Unit's earnings last quarter?
Energy Transfer Equity LP Unit (NYSE:ETE) posted its earnings results on Wednesday, August, 8th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by $0.15. The pipeline company earned $14.12 billion during the quarter, compared to the consensus estimate of $12.63 billion. Energy Transfer Equity LP Unit had a return on equity of 5.50% and a net margin of 2.60%. The company's quarterly revenue was up 49.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. View Energy Transfer Equity LP Unit's Earnings History.
When is Energy Transfer Equity LP Unit's next earnings date?
What price target have analysts set for ETE?
11 brokers have issued 1-year price objectives for Energy Transfer Equity LP Unit's shares. Their forecasts range from $17.00 to $23.00. On average, they anticipate Energy Transfer Equity LP Unit's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Energy Transfer Equity LP Unit.
What is the consensus analysts' recommendation for Energy Transfer Equity LP Unit?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Transfer Equity LP Unit in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Transfer Equity LP Unit.
Are investors shorting Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit saw a decrease in short interest in September. As of September 14th, there was short interest totalling 38,025,400 shares, a decrease of 10.6% from the August 31st total of 42,542,390 shares. Based on an average daily trading volume, of 5,508,193 shares, the short-interest ratio is presently 6.9 days. Approximately 4.7% of the company's stock are short sold. View Energy Transfer Equity LP Unit's Current Options Chain.
Who are some of Energy Transfer Equity LP Unit's key competitors?
Some companies that are related to Energy Transfer Equity LP Unit include Enterprise Products Partners (EPD), Williams Partners (WPZ), Kinder Morgan (KMI), Tc Pipelines (TRP), National Grid (NGG), Williams Companies (WMB), Spectra Energy Partners (SEP), Targa Resources (TRGP), Enable Midstream Partners (ENBL), Western Gas Partners (WES), Tallgrass Energy (TGE), Western Gas Equity Partners (WGP), EnLink Midstream Partners (ENLK), EQT GP (EQGP) and DCP Midstream (DCP).
Who are Energy Transfer Equity LP Unit's key executives?
Energy Transfer Equity LP Unit's management team includes the folowing people:
- Mr. John W. McReynolds, Pres, Principal Exec. Officer & Director of LE GP, LLC (Age 67)
- Mr. Thomas E. Long, Group Chief Financial Officer of LE GP, LLC (Age 61)
- Mr. Marshall S. McCrea III, Group COO, Chief Commercial Officer & Director of LE GP, LLC (Age 59)
- Mr. Thomas P. Mason, Exec. VP & Gen. Counsel of LE GP, LLC (Age 61)
- Mr. Bradford D. Whitehurst, Exec. VP & Head of Tax of LE GP, LLC (Age 43)
Who are Energy Transfer Equity LP Unit's major shareholders?
Energy Transfer Equity LP Unit's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Chickasaw Capital Management LLC (1.66%), Bank of Montreal Can (1.08%), Advisors Capital Management LLC (0.02%), MAI Capital Management (0.01%), Parkside Financial Bank & Trust (0.00%) and Ibex Wealth Advisors (0.00%). View Institutional Ownership Trends for Energy Transfer Equity LP Unit.
Which institutional investors are selling Energy Transfer Equity LP Unit stock?
Which institutional investors are buying Energy Transfer Equity LP Unit stock?
How do I buy shares of Energy Transfer Equity LP Unit?
Shares of ETE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Energy Transfer Equity LP Unit's stock price today?
One share of ETE stock can currently be purchased for approximately $16.82.
How big of a company is Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit has a market capitalization of $20.19 billion and generates $40.52 billion in revenue each year. The pipeline company earns $915 million in net income (profit) each year or $1.21 on an earnings per share basis. Energy Transfer Equity LP Unit employs 29,486 workers across the globe.
What is Energy Transfer Equity LP Unit's official website?
How can I contact Energy Transfer Equity LP Unit?
Energy Transfer Equity LP Unit's mailing address is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. The pipeline company can be reached via phone at 214-981-0700 or via email at [email protected]
MarketBeat Community Rating for Energy Transfer Equity LP Unit (NYSE ETE)
MarketBeat's community ratings are surveys of what our community members think about Energy Transfer Equity LP Unit and other stocks. Vote "Outperform" if you believe ETE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ETE will underperform the S&P 500 over the long term. You may vote once every thirty days.
