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ENERGY TRANSFER LP

(ET)
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Energy Transfer LP : Joins the Environmental Partnership to Expand Focus on Reducing Environmental Footprint Across Its Operations

08/02/2021 | 05:51pm EDT

Dallas-based Energy Transfer (NYSE:ET) has joined The Environmental Partnership, a growing coalition of nearly 100 energy companies committed to continuously improving the industry’s environmental performance. The non-profit organization is focused on working with its members to adopt technology and best practices that will significantly reduce emissions.

Energy Transfer joined The Environmental Partnership as part of its overall effort to reduce its environmental footprint across its operations, which includes more than 90,000 miles of pipelines and associated facilities in 38 states and Canada. This initiative includes several projects to increase Energy Transfer’s use of renewable energy including the support of the development of the Maplewood 2 Solar farm in West Texas. Maplewood 2 delivers power to three of Energy Transfer’s cryogenic plants in the area along with numerous compressor and pump stations. Energy Transfer also has installed approximately 18,000 solar panels across the country that provide power to its metering stations.

“We have for years used a diversified mix of energy sources and emissions-reducing technologies to power our assets,” said Tom Mason, executive vice president and head of Energy Transfer’s Alternative Energy Group. “In fact, nearly 20 percent of the electrical energy we purchase on any given day originates from wind and solar sources. We are also pursuing a number of other emissions reduction efforts, including several carbon capture projects. We look forward to working with the Environmental Partnership and our industry peers to advance our emissions reduction efforts across our operational footprint.”

Energy Transfer also uses a natural gas compression system in many of its operating areas that reduces emissions through its patented ability to switch compression drivers between an electric motor and a natural gas engine. These Dual Drive compressors are often used in ozone non-attainment areas to improve air quality by providing a low-emission alternative for natural gas compression.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.


ę Business Wire 2021
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Financials (USD)
Sales 2021 65 563 M - -
Net income 2021 5 713 M - -
Net Debt 2021 47 460 M - -
P/E ratio 2021 4,45x
Yield 2021 6,73%
Capitalization 24 614 M 24 614 M -
EV / Sales 2021 1,10x
EV / Sales 2022 1,08x
Nbr of Employees 11 421
Free-Float 72,7%
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Number of Analysts 16
Last Close Price 9,10 $
Average target price 14,47 $
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Marshall S. McCrea President, Co-Chief Executive Officer & Director
Thomas E. Long Co-Chief Executive Officer & Director
Bradford D. Whitehurst Chief Financial Officer
Kelcy L. Warren Executive Chairman
Matthew S. Ramsey Chief Operating Officer & Director
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