Energy Transfer LP (NYSE: ET), one of the largest and most diversified energy infrastructure companies in the U.S., has announced the launch of a secondary public offering. The offering involves 38,755,996 common units representing limited partner interests, sold by WTG Midstream LLC and an affiliate of Stonepeak. These entities, referred to as the “Selling Unitholders,” will receive all proceeds from the sale.
Energy Transfer will not be selling any of its own common units in this offering and, consequently, will not receive any proceeds from it.
Offering Details and Conditions
Barclays is serving as the underwriter for this offering. The completion of the offering is contingent upon market conditions and other factors. The Partnership has not provided assurance regarding the size, timing, or completion of the offering.
The offering will be conducted under a registration statement previously filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) on July 31, 2024. The sale will proceed only through a prospectus and prospectus supplement compliant with the Securities Act of 1933. Interested parties can obtain these documents from Barclays Capital Inc. or access them directly via the SEC’s website.
About Energy Transfer
Energy Transfer LP operates an extensive network of over 130,000 miles of pipeline and associated energy infrastructure across 44 states, making it one of the most significant players in the U.S. energy sector. The company’s assets span all major U.S. production basins, covering natural gas midstream, transportation, storage, crude oil, natural gas liquids (NGL), and refined products. In addition to these operations, Energy Transfer holds interests in Lake Charles LNG Company, Sunoco LP (NYSE: SUN), and USA Compression Partners, LP (NYSE: USAC).
This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities, nor will any such securities be sold in any jurisdiction where the sale would be unlawful prior to registration or qualification under the relevant securities laws.
Source: businesswire.com
