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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
Woodford Express, LLC
Word for word“In September 2022, we acquired Woodford Express, LLC, which has cryogenic gas processing and treatment capacity of 450 MMcf/d and over 200 miles of gathering lines that are connected to Energy Transfer’s pipeline network.” 10-K for 2022
acquisitionSeptember 2022—
Caliche Coastal Holdings, LLC
Word for word“In March, the Partnership purchased the membership interests in Caliche Coastal Holdings, LLC (subsequently renamed Energy Transfer Spindletop LLC), which owns an underground storage facility near Mont Belvieu, Texas.” 10-K for 2022
acquisitionMarch—
Crestwood
Word for word“In November, the Partnership completed its acquisition of Crestwood, which owns gathering and processing assets located in the Williston, Delaware and Powder River basins.” 10-K for 2023
acquisitionIn November—
Lotus Midstream
Word for word“In May, the Partnership acquired Lotus Midstream, which owns an integrated crude midstream platform located in the Permian Basin.” 10-K for 2023
acquisitionIn May—
NuStar
Word for word“As a result of Sunoco LP’s previously announced acquisition of NuStar, which is expected to close in the second quarter of 2024, Sunoco LP expects to assume NuStar’s debt and issue additional debt, aggregating approximately $4.2 billion.” 10-K for 2023
agreed acquisitionexpected to close in the second quarter of 2024approximately $4.2 billion
WTG Midstream
Word for word“In July, Energy Transfer completed the acquisition of WTG Midstream, which owns approximately 6,000 miles of complementary gas gathering pipelines that extend Energy Transfer’s network into the Midland Basin.” 10-K for 2024
acquisitionJuly—
Parkland Corporation
Word for word“On October 31, 2025, Sunoco LP acquired Parkland, a leading international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas.” 10-K for 2025
acquisitionOn October 31, 2025—
Crestwood assets
Word for word“• The Crestwood assets, acquired in 2023, include 11 LPG terminals which offer 12 MMBbls of storage capacity located in Pennsylvania, South Carolina, Mississippi, Michigan, New York and Indiana, with receipts and deliveries that are supported by both rail cars and third-party pipelines.” 10-K for 2025
acquisition2023—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$330 million$35 million$509 million
2017-12-31$303 million$48 million$12 million
2018-12-31$429 million$87 million$495 million
2019-12-31$7 million$54 million$307 million
2020-12-31$0$19 million$9 million
2021-12-31$205 million$45 million$142 million
2022-12-31$1.14 billion$78 million$33 million
2023-12-31$111 million$38 million$1.46 billion
2024-12-31$250 million—$16 million
2025-12-31——$1.53 billion

Deal filings since 2016

Read from Energy Transfer’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-19. 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.