Energy Transfer, which owns and operates one of the largest and most diversified portfolios of energy assets in the United States, has commenced an underwritten secondary public offering of an aggregate of 38,755,996 of its common units, representing limited partner interests, by WTG Midstream and an affiliate of Stonepeak.
The two companies — the selling unitholders — will receive all proceeds from the offering.
Energy Transfer 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 and refined product transportation and terminalling assets; and NGL fractionation.
Energy Transfer has more than 130,000 miles of pipeline and associated energy infrastructure in the United States. The company’s strategic network spans 44 states with assets in all of the major U.S. production basins.
