Energy Transfer LP

Is Energy Transfer publicly traded?
Yes. Energy Transfer LP trades on the NYSE under ticker ET as a publicly traded master limited partnership; investors hold common units rather than shares and typically receive K-1 tax forms.

Who is the CEO of Energy Transfer?
Thomas E. Long and Marshall "Mackie" McCrea III serve as Co-Chief Executive Officers. Founder Kelcy Warren is Executive Chairman.

Does Energy Transfer own Sunoco?
Energy Transfer owns Sunoco LP's general partner interest, incentive distribution rights, and approximately 15 percent of its units, and consolidates Sunoco LP in its financial statements. Sunoco LP trades separately on the NYSE under SUN.

What is the Dakota Access Pipeline?
A roughly 1,172-mile crude oil pipeline from the Bakken to Illinois operated by Energy Transfer, which has been the subject of prolonged legal and regulatory disputes since 2016.

Energy Transfer was founded in 1996 by Kelcy Warren and Ray Davis as a small intrastate natural gas pipeline operator in Texas. Through more than two decades of aggressive acquisitions, it grew into one of the largest midstream companies in North America: notable transactions include the 2011 acquisition of Southern Union, the 2015 acquisition of Regency Energy Partners, the 2017 merger with Sunoco Logistics, the 2021 acquisition of Enable Midstream (approximately $7.2 billion), the November 2023 acquisition of Crestwood Equity Partners (approximately $7.1 billion), and the 2024 acquisition of WTG Midstream (approximately $3.25 billion), which expanded Permian gas gathering.

The affiliated Sunoco LP completed its approximately $7.3 billion acquisition of NuStar Energy in May 2024 and acquired Parkland Corporation, a major international fuel distributor and convenience retailer operating in 26 countries across the Americas, on October 31, 2025, adding the Burnaby Refinery and a 29 percent interest in the SARA refinery in Martinique. USA Compression acquired J-W Power Company on January 12, 2026.

Energy Transfer remains a central player in American natural gas and NGL logistics, exporting record NGL volumes from its Nederland and Marcus Hook terminals and pursuing Lake Charles LNG development.