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Courtesy of Energy Transfer Equity

65

Energy Transfer Equity

ETE

Energy Transfer Equity is an oil and gas pipeline empire built by billionaire Kelcy Warren with a spate of M&A deals (Sunoco, Southern Union) that paid off handsomely during the shale boom. At the start of the year, it had a network of around 71,000 miles of pipelines pumping natural gas, natural gas liquids, refined products, and crude oil. But Warren’s luck ran out last year with a miscalculated approach for Williams Companies, just as the oil price crash took its toll on the ‘midstream’ segment. ETE persuaded Williams to sell itself in September, but the value of both companies has tumbled since then. ETE originally agreed to pay $32.6 billion, including $6 billion in cash and the rest in ETE shares. Today, Williams is worth only $16 billion, and ETE is struggling to raise the cash after a sharp decline in its own share price. A bitter and complex legal battle has ensued. Williams, which originally refused Kelcy’s advances, is now suing to force the merger through, and to reverse an issue of convertible debt by ETE that would dilute its shareholders’ stake in the combined company.

CEO

John W. McReynolds

Sector

Energy

Industry

Pipelines

HQ Location

Dallas, TX

Years on Fortune 500 List

10

Employees

30,078

A partnership.
Energy Transfer Equity is also featured in these fortune lists
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$42,126-24.4%
Profits ($M)$1,18987.8%
Assets ($M)$71,189
Total Stockholder Equity ($M)$-932
Market Value — as of March 31, 2016 ($M)$7,449
Profit Ratios
Profit as % of Revenues2.8%
Profits as % of Assets1.7%
Profits as % of Stockholder Equity-
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)1.11
EPS % Change (from 2014)93.0%
EPS % Change (5 year annual rate)38.9%
EPS % Change (10 year annual rate)-
Total Return
Total Return to Investors (2015)-50.3%
Total Return to Investors (5 year, annualized)12.1%
Total Return to Investors (10 year, annualized)-
STOCK QUOTE
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  • P/E Ratio: n/a
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