Energy Transfer LP

Energy Transfer LP is a Delaware limited partnership engaged primarily in natural gas operations and crude oil, NGL, and refined products transportation, terminalling, acquisition, and marketing activities, all located in the United States. Its natural gas operations include natural gas midstream, intrastate transportation and storage, and interstate natural gas transportation and storage. The company also provides crude oil, NGL, and refined products transportation, terminalling services, acquisition and marketing activities, NGL storage and fractionation services, and LNG regasification. Energy Transfer owns investments in other businesses, including Sunoco LP and USAC, both master limited partnerships, and owns the managing member of SunocoCorp, a publicly traded limited liability company. The company derives cash flows from distributions related to its investments in its subsidiaries, including Sunoco LP and USAC. Energy Transfer's primary cash requirements are for distributions to its partners, capital expenditures, general and administrative expenses, and debt service requirements. The company distributes its available cash remaining after these requirements to its Unitholders on a quarterly basis.