Energy Transfer Completes Acquisition of WTG Midstream
15 Julho 2024 - 5:15PM
Business Wire
Expands Permian Basin pipeline and processing
network providing further access to growing supplies of natural gas
and NGLs
Energy Transfer LP (NYSE: ET) (Energy Transfer) announced today
the completion of its previously announced acquisition of WTG
Midstream Holdings LLC (WTG). Total consideration for the
transaction was $2,275 million in cash and approximately 50.8
million newly issued ET common units.
The acquired assets add approximately 6,000 miles of
complementary gas gathering pipelines that extend Energy Transfer’s
network in the Midland Basin. Also, as part of the transaction, the
Partnership added eight gas processing plants with a total capacity
of approximately 1.3 Bcf/d, and two additional processing plants
which are under construction.
The transaction is expected to add a growing supply of NGL and
natural gas volumes to Energy Transfer’s system, providing
incremental revenue from gathering and processing activities along
with downstream transportation and fractionation fees. The
Partnership expects the WTG assets to add approximately $0.04 of
Distributable Cash Flow (DCF) per common unit in 2025, increasing
to approximately $0.07 per common unit in 2027.
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the
largest and most diversified portfolios of energy assets in the
United States, with more than 130,000 miles of pipeline and
associated energy infrastructure. Energy Transfer’s strategic
network spans 44 states with assets in all of the major U.S.
production basins. 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 (“NGL”) and refined product
transportation and terminalling assets; and NGL fractionation.
Energy Transfer also owns Lake Charles LNG Company, as well as the
general partner interests, the incentive distribution rights and
approximately 21% of the outstanding common units of Sunoco LP
(NYSE: SUN), and the general partner interests and approximately
39% of the outstanding common units of USA Compression Partners, LP
(NYSE: USAC). For more information, visit the Energy Transfer LP
website at www.energytransfer.com.
Forward-Looking Statements
This communication contains “forward-looking statements”. In
this context, forward-looking statements often address future
business and financial events, conditions, expectations, plans or
ambitions, and often include, but are not limited to, words such as
“believe,” “expect,” “may,” “will,” “should,” “could,” “would,”
“anticipate,” “estimate,” “intend,” “plan,” “seek,” “see,” “target”
or similar expressions, or variations or negatives of these words,
but not all forward-looking statements include such words.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements about the
consummation of the transaction and the anticipated benefits
thereof. All such forward-looking statements are based upon current
plans, estimates, expectations and ambitions that are subject to
risks, uncertainties and assumptions, many of which are beyond the
control of Energy Transfer, that could cause actual results to
differ materially from those expressed in such forward-looking
statements. Important risk factors that may cause such a difference
include, but are not limited to: anticipated tax treatment,
unforeseen liabilities, future capital expenditures, revenues,
expenses, earnings, synergies, economic performance, indebtedness,
financial condition, losses, future prospects, business and
management strategies for the management, expansion and growth of
the combined company’s operations; the ability of Energy Transfer
to integrate the business successfully and to achieve anticipated
synergies and value creation; potential litigation relating to the
transaction; the risk that disruptions from the transaction will
harm Energy Transfer’s business, including current plans and
operations and that management’s time and attention will be
diverted on transaction-related issues; potential adverse reactions
or changes to business relationships, including with employees
suppliers, customers, competitors or credit rating agencies,
resulting from the completion of the transaction; rating agency
actions; legislative, regulatory and economic developments, changes
in local, national, or international laws, regulations, and
policies affecting Energy Transfer; changes in the supply, demand
or price of oil, natural gas, and natural gas liquids; those risks
described in Item 1A of Energy Transfer’s Annual Report on Form
10-K, filed with the Securities and Exchange Commission (the “SEC”)
on February 16, 2024, and its subsequent Quarterly Reports on Form
10‑Q and Current Reports on Form 8-K.
While the list of factors presented here is considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Unlisted
factors may present significant additional obstacles to the
realization of forward-looking statements. Energy Transfer cautions
you not to place undue reliance on any of these forward-looking
statements as they are not guarantees of future performance or
outcomes and that actual performance and outcomes, including,
without limitation, our actual results of operations, financial
condition and liquidity, and the development of new markets or
market segments in which we operate, may differ materially from
those made in or suggested by the forward-looking statements
contained in this communication. Energy Transfer does not assume
any obligation to publicly provide revisions or updates to any
forward-looking statements, whether as a result of new information,
future developments or otherwise, should circumstances change,
except as otherwise required by securities and other applicable
laws. Neither future distribution of this communication nor the
continued availability of this communication in archive form on
Energy Transfer’s website should be deemed to constitute an update
or re-affirmation of these statements as of any future date.
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version on businesswire.com: https://www.businesswire.com/news/home/20240715198616/en/
Energy Transfer Investor Relations: Bill Baerg,
Brent Ratliff, Lyndsay Hannah, 214-981-0795 Media Relations:
Media@energytransfer.com 214-840-5820
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