Energy Transfer LP Reports Unregistered Equity Sales
Ticker: ET-PI · Form: 8-K · Filed: May 29, 2024 · CIK: 1276187
Sentiment: neutral
Topics: equity-sale, filing
TL;DR
ET sold unregistered equity, check the filings for details.
AI Summary
Energy Transfer LP filed an 8-K on May 29, 2024, reporting unregistered sales of equity securities on May 28, 2024. The filing also includes financial statements and exhibits. The company, formerly known as Energy Transfer Equity, L.P. and LaGrange Energy LP, is incorporated in Delaware and headquartered in Dallas, Texas.
Why It Matters
This filing indicates potential dilution or changes in ownership structure due to unregistered equity sales, which could impact existing shareholders.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can sometimes signal financial distress or be used for specific strategic purposes, requiring closer examination.
Key Players & Entities
- Energy Transfer LP (company) — Registrant
- Energy Transfer Equity, L.P. (company) — Former Company Name
- LAGRANGE ENERGY LP (company) — Former Company Name
- Delaware (jurisdiction) — State of Incorporation
- Dallas, Texas (location) — Principal Executive Offices
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities in the provided text.
When did the unregistered sales of equity securities occur?
The unregistered sales of equity securities occurred on May 28, 2024.
What is the filing date of this 8-K report?
The filing date of this 8-K report is May 29, 2024.
What were Energy Transfer LP's former company names?
Energy Transfer LP was formerly known as Energy Transfer Equity, L.P. and LAGRANGE ENERGY LP.
Where are Energy Transfer LP's principal executive offices located?
Energy Transfer LP's principal executive offices are located at 8111 Westchester Drive, Suite 600, Dallas, Texas 75225.
Filing Stats: 505 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-05-29 17:11:34
Filing Documents
- et-20240528.htm (8-K) — 26KB
- 0001276187-24-000044.txt ( ) — 196KB
- et-20240528.xsd (EX-101.SCH) — 4KB
- et-20240528_def.xml (EX-101.DEF) — 17KB
- et-20240528_lab.xml (EX-101.LAB) — 29KB
- et-20240528_pre.xml (EX-101.PRE) — 17KB
- et-20240528_htm.xml (XML) — 4KB
02. Sale of Unregistered Equity Securities
Item 3.02. Sale of Unregistered Equity Securities. As previously announced, on May 28, 2024, a wholly owned subsidiary of Energy Transfer LP (the "Partnership") entered into a definitive agreement (the "Agreement") pursuant to which it will acquire WTG Midstream Holdings LLC (the "Acquisition") from WTG Midstream LLC ("WTG"). Pursuant to the Agreement, the Partnership will issue up to 50,827,536 common units representing limited partner interests in the Partnership (the "Common Units") to WTG or its designees as partial consideration for the Acquisition. The Acquisition is expected to close in the third quarter of 2024, subject to regulatory approval and customary closing conditions. The Common Units will be issued in a private offering pursuant to the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit Number 10.4 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENERGY TRANSFER LP By: LE GP, LLC, its general partner Date: May 29, 2024 By: /s/ Dylan A. Bramhall Dylan A. Bramhall Group Chief Financial Officer