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On the Record · Energy Transfer Operating

Energy Transfer Operating acquisitions, on the record

The businesses Energy Transfer Operating 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
remaining 50.01% interest in HPC (owner of RIGS)
Word for word“In April 2018, ETO acquired the remaining 50.01% interest in HPC.” 10-K for 2018
acquisitionApril 2018—
CDM (membership interests contributed to USAC)
Word for word“In April 2018, ETO contributed to USAC all of the issued and outstanding membership interests of CDM for aggregate consideration of approximately $1.7 billion , consisting of (i) 19,191,351 USAC common units, (ii) 6,397,965 units of a new class of units representing limited partner interests in USAC (“USAC Class B Units”) and (iii) $1.23 billion in cash, including customary closing adjustments (the “CDM Contribution”).” 10-K for 2018
divestitureApril 2018approximately $1.7 billion
ETO merger with a wholly-owned subsidiary of ET (Energy Transfer Merger)
Word for word“In October 2018, ET completed the merger of ETO with a wholly-owned subsidiary of ET in a unit-for-unit exchange (the “Energy Transfer Merger”), as discussed further below, at which time the Partnership changed its name from Energy Transfer Partners, L.P. to Energy Transfer Operating, L.P.” 10-K for 2018
mergerOctober 2018—
USAC controlling interest (USA Compression GP, LLC and 12,466,912 USAC common units)
Word for word“On April 2, 2018, ET acquired a controlling interest in USAC, a publicly traded partnership that provides compression services in the United States.” 10-K for 2018
acquisitionApril 2, 2018—
ethanol plant of Sunoco LP
Word for word“Sunoco LP’s other operations include retail operations in Hawaii and New Jersey, credit card services, franchise royalties, as well as an ethanol plant that Sunoco LP recently entered into an agreement to divest.” 10-K for 2018
agreed divestiture——
SemGroup Corporation
Word for word“In December 2019, ET completed its acquisition of Tulsa-based SemGroup Corporation in a unit and cash transaction.” 10-K for 2019
acquisitionDecember 2019—
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$330 million$428 million
2017-12-31$303 million$12 million
2018-12-31$429 million$495 million
2019-12-31$7 million$307 million
2020-12-31$0$9 million

Deal filings since 2016

Read from Energy Transfer Operating’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-19. 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.