Does Energy Transfer Partners own Sunoco?
SUN’s general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP (NYSE: ET). For more information, visit Sunoco LP.
What is the relationship between Sunoco and Energy Transfer?
Energy Transfer will become a wholly owned subsidiary of Sunoco Logistics. At the effective time of the merger, each Energy Transfer common unit converted into the right to receive 1.5 Sunoco Logistics common units.
Who bought Energy Transfer Partners?
On April 2, 2018, USA Compression Partners (USAC) acquired Energy Transfer subsidiaries, CDM Resource Management LLC and CDM Environmental & Technical Services LLC. As part of the transaction, ETE acquired the ownership interests in the general partner of USAC.
What happened Energy Transfer Partners?
MOVING AMERICA’S ENERGY, ONE MILE AT A TIME On December 2, 2021, Energy Transfer LP (ET) and Enable Midstream Partners, LP (ENBL) completed their previously announced merger, in which ET acquired ENBL.
Who is Sunoco owned by?
Energy Transfer Partners
Sunoco today claims to be largest distributor of fuels in the United States, distributing fuels to 10,000 locations across 33 US States….Sunoco.
| Type | Delaware-domiciled master limited partnership; controlled by Energy Transfer Partners |
|---|---|
| Net income | $0.323 billion (2017) |
| Total assets | $8.344 billion (2017) |
What happened to Sunoco Logistics?
Energy Transfer Partners LP on Wednesday approved a merger with its subsidiary. The combined company, headquartered in Dallas, will begin trading Monday under the ticker symbol “ETP.”
Who owns Sunoco Pipeline?
It owns a 36.4% interest in Dakota Access, LLC, the company responsible for developing the controversial Dakota Access Pipeline….Energy Transfer Partners.
| Type | Delaware-domiciled master limited partnership |
|---|---|
| Total equity | $31.388 billion (2020) |
| Number of employees | 11,421 (2020) |
| Subsidiaries | Sunoco Lake Charles LNG |
| Website | www.energytransfer.com |
Who did Sunoco merger with?
Sunoco Logistics Partners and Energy Transfer Partners (ETP) completed their merger announced in November of an indirect subsidiary of SXL and ETP, with ETP surviving the merger as a wholly owned subsidiary of SXL.
Is Sunoco American owned?
Sunoco LP /səˈnoʊkoʊ/ is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas, that is a wholesale distributor of motor fuels. It distributes fuel to more than 7,300 Sunoco-branded gas stations, almost all of which are owned and operated by third parties.
Was Sunoco bought out?
Irving-based 7-Eleven has completed a deal with Sunoco LP after agreeing to divest some of the stores originally included in the $3.3 billion acquisition. The North Texas convenience store giant announced in April plans to buy 1,108 Sunoco (NYSE: SUN) locations in 18 states.
What pipelines does energy transfer own?
Energy Transfer operates approximately 11,315 miles of crude oil trunk and gathering pipeline, and crude oil terminals with storage capacity of approximately 66 million barrels.
- Bakken Pipeline (Dakota Access and ETCO)
- Permian Express Pipeline System.
- White Cliffs Pipeline.
- Maurepas Pipeline.
- West Texas Gulf Pipeline.
Is Sunoco a midstream company?
Sunoco LP focuses its business on fuel distribution and midstream services with the divestiture of its retail assets and acquisition of several key fuel and midstream companies.
Who owns Energy Transfer Partners?
Energy Transfer Equity is a publicly traded partnership, which owns the General Partner (GP) and 100% of the Incentive Distribution Rights (IDRs) of Energy Transfer Partners.
Who owns Sunoco oil?
Sunoco (NYSE: SUN) is owned by 17.65% institutional shareholders, 148.92% Sunoco insiders, and 0.00% retail investors. Transfer Partners Lp 1. Energy is the largest individual Sunoco shareholder, owning 124.14M shares representing 124.43% of the company. Transfer Partners Lp 1. Energy’s Sunoco shares are currently valued at $5.41B. ©
Who is Energy Transfer Partners?
Schedule K-1 (Form 1065)
Is the New Energy Transfer LP a buy?
Yes, Energy Transfer LP is making the right moves today to simplify and grow its business, but the actions it took to scuttle the Williams deal stand out as a warning, even though the moves avoided a worst-case scenario for the distribution. In the end, investing is about trust since you are giving your hard saved capital to other people to use.