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Energy Transfer, LP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 8, 2017. Its latest SEC filing is a SC 13G/A from Feb 6, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Moves and stores natural gas, crude oil, natural gas liquids and refined products, and gathers and processes natural gas for producers, utilities and industrial users.

How Did They Make Money?

Customers pay for natural gas and NGLs when delivered or sold or installed, and for services when the work is complete. Pipeline capacity fees apply while capacity is available; transportation contracts generally bill monthly for reserved capacity, gas moved, or both.

revenue

Who Were Their Customers?

Customers include energy producers and midstream companies, utilities and power generators, and industrial, petrochemical and municipal users. They contract for transportation, gathering, processing and storage services; utilities, power plants, industrial users and marketers also buy natural gas.

Did Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in .

Operating income,
8% of revenue
▼ −20% vs ($2.3B, 7%)
Net income,
1% of revenue
▼ −79% vs ($1.4B, 4%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Revenue
▼ −26%
vs $5.5B in Q3 FY2016
Net income
▲ +626%
vs $74M in Q3 FY2016
  • Apr 28, 2017 Sunoco Logistics completed its merger with Energy Transfer Partners Sunoco Logistics acquired ETP in a unit-for-unit merger, and ETP became its wholly owned subsidiary.

Retail fuel moved to Sunoco LP The older report lists retail marketing of gasoline and middle distillates through Sunoco and MACS; the latest says ETP transferred its remaining Sunoco, LLC interest and the legacy Sunoco retail business to Sunoco LP.

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