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On the Record · Energy Transfer

Energy Transfer acquisitions, on the record

The businesses Energy Transfer bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Regency Energy Partners LP
Word for word“In January 2015, ETP and Regency entered into a definitive merger agreement, as amended on February 18, 2015 (the “Merger Agreement”), pursuant to which Regency will merge with a wholly-owned subsidiary of ETP, with Regency continuing as the surviving entity and becoming a wholly-owned subsidiary of ETP (the “Regency Merger”).” 10-K for 2014
agreed acquisitionIn January 2015—
MACS (Mid-Atlantic Convenience Stores, LLC)
Word for word“• In October 2014, Sunoco LP acquired MACS from a subsidiary of ETP in a transaction valued at approximately $768 million .” 10-K for 2014
acquisitionIn October 2014approximately $768 million
Susser
Word for word“• In August 2014, ETP and Susser completed the merger of an indirect wholly-owned subsidiary of ETP, with and into Susser, with Susser surviving the merger as a subsidiary of ETP for total consideration valued at approximately $1.8 billion (the “Susser Merger”).” 10-K for 2014
mergerIn August 2014approximately $1.8 billion
Lake Charles LNG
Word for word“• In February 2014, ETP completed the transfer to ETE of Lake Charles LNG, the entity that owns a LNG regasification facility in Lake Charles, Louisiana, in exchange for the redemption by ETP of 18.7 million ETP Common Units held by ETE.” 10-K for 2014
divestitureIn February 2014—
additional 28.3% ownership interest in West Texas Gulf Pipe Line Company (from Chevron Pipe Line Company)
Word for word“In December 2014, Sunoco Logistics acquired an additional 28.3% ownership interest in the West Texas Gulf Pipe Line Company from Chevron Pipe Line Company, increasing its controlling financial interest in the consolidated subsidiary to 88.6% .” 10-K for 2014
acquisitionIn December 2014—
remaining 11.4% interest in West Texas Gulf Pipe Line Company (from Southwest Pipeline Holding Company, LLC)
Word for word“The remaining 11.4% was acquired from Southwest Pipeline Holding Company, LLC in January 2015.” 10-K for 2014
acquisitionJanuary 2015—
Sunoco LP (remaining 68.42% interest in Sunoco, LLC and 100% interest in legacy Sunoco, Inc. retail business)
Word for word“In November 2015, ETP and Sunoco LP announced ETP’s contribution to Sunoco LP of the remaining 68.42% interest in Sunoco, LLC and 100% interest in the legacy Sunoco, Inc. retail business for $2.23 billion.” 10-K for 2015
agreed divestiture—$2.23 billion
40% membership interest in Bakken Holdings Company LLC (Bakken Holdco)
Word for word“In October 2015, Sunoco Logistics completed the previously announced acquisition of a 40% membership interest (the “Bakken Membership Interest”) in Bakken Holdings Company LLC (“Bakken Holdco”).” 10-K for 2015
acquisitionOctober 2015—
31.58% equity interest in Sunoco, LLC from Retail Holdings
Word for word“In April 2015, Sunoco LP acquired a 31.58% equity interest in Sunoco, LLC from Retail Holdings for $816 million .” 10-K for 2015
acquisitionApril 2015$816 million
Sunoco LP (Sunoco GP and IDRs, exchanged to ETE)
Word for word“Effective July 1, 2015, ETE acquired 100% of the membership interests of Sunoco GP, the general partner of Sunoco LP, and all of the IDRs of Sunoco LP from ETP, and in exchange, ETP repurchased from ETE 21 million ETP common units owned by ETE (the “Sunoco LP Exchange”).” 10-K for 2015
divestitureEffective July 1, 201521 million ETP common units
Regency Energy Partners LP (Regency Merger)
Word for word“On April 30, 2015, a wholly-owned subsidiary of the Partnership merged with Regency, with Regency surviving as a wholly-owned subsidiary of the Partnership (the “Regency Merger”).” 10-K for 2015
mergerApril 30, 2015—
BG Group plc (acquired by Royal Dutch Shell plc)
Word for word“On February 15, 2016, Royal Dutch Shell plc completed its acquisition of BG Group plc.” 10-K for 2015
agreed acquisitionFebruary 15, 2016—
PennTex
Word for word“On November 1, 2016, ETP acquired certain interests in PennTex from various parties for total consideration of approximately $627 million in ETP units and cash. ” 10-K for 2016
acquisitionOn November 1, 2016approximately $627 million in ETP units and cash
integrated crude oil business in West Texas from Vitol, Inc.
Word for word“In November 2016, Sunoco Logistics completed an acquisition from Vitol, Inc. (“Vitol”) of an integrated crude oil business in West Texas for $760 million plus working capital.” 10-K for 2016
acquisitionIn November 2016$760 million plus working capital
ETP
Word for word“In November 2016, ETP and Sunoco Logistics entered into a merger agreement providing for the acquisition of ETP by Sunoco Logistics in a unit-for-unit transaction.” 10-K for 2016
agreed acquisitionIn November 2016—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$159 million$428 million

Deal filings since 2016

Read from Energy Transfer’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.