Energy Transfer Prices Public Offering of Common Units
- Energy Transfer LP has announced the pricing of an underwritten secondary public offering of common units.
- The offering involves 38,755,996 units available at a public price of $15.78 each.
- This move is part of Energy Transfer's ongoing financial strategy.
DALLAS—Energy Transfer LP (NYSE: ET) has announced the pricing of a secondary public offering involving 38,755,996 common units, which represent limited partner interests. The units will be offered at a public price of $15.78 each, with WTG Midstream LLC and an affiliate of Stonepeak acting as the selling unitholders. Notably, Energy Transfer will not participate in the sale and will not receive any proceeds from the offering. Barclays has been appointed as the underwriter for this transaction, which is being conducted under a registration statement that was previously approved by the U.S. Securities and Exchange Commission (SEC) on July 31, 2024. The offering will be executed solely through a prospectus and prospectus supplement that comply with the Securities Act of 1933. The announcement clarifies that this press release does not constitute an offer to sell or a solicitation for the purchase of common units or any other securities. Additionally, it emphasizes that no sales will occur in jurisdictions where such offers would be illegal without proper registration or qualification under local securities laws. Energy Transfer LP is recognized for its extensive and diversified energy asset portfolio, boasting over 130,000 miles of pipeline and related infrastructure across 44 states, covering all major U.S. production basins. The company’s strategic network positions it as a significant player in the energy sector.