Kelcy Warren Amends Energy Transfer LP Stake Filing

TL;DR

Kelcy Warren filed an update on Energy Transfer LP stake. Details TBD.

AI Summary

Kelcy L. Warren, through various partnerships including Kelcy Warren Partners II, L.P., has filed an amendment (Amendment No. 9) to their Schedule 13D on September 17, 2024, regarding their holdings in Energy Transfer LP. The filing indicates a change in reporting, but specific details on the nature of the change or the exact number of shares held are not provided in this excerpt.

Why It Matters

This filing signals a potential shift in significant ownership or control of Energy Transfer LP, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility.

Key Numbers

• Amendment No. 9 — Filing Amendment (Indicates this is a significant update to previous filings)

Key Players & Entities

• Kelcy L. Warren (person) — Filing party and beneficial owner
• Energy Transfer LP (company) — Subject company
• Kelcy Warren Partners II, L.P. (company) — Filing group member
• Kelcy Warren Partners III, LLC (company) — Filing group member
• Kelcy Warren Partners, L.P. (company) — Filing group member
• LE GP, LLC (company) — Filing group member

FAQ

Key Financial Figures

• $632 million — ggregate consideration of approximately $632 million. The Reporting Persons obtained the fun

Filing Documents

• d761157dsc13da.htm (SC 13D/A) — 132KB
• 0001193125-24-220604.txt ( ) — 134KB

is

Item 2 is hereby amended and restated in its entirety as follows: (a) Name of Persons Filing this Statement: (1) Kelcy L. Warren (Mr. Warren), an individual. (2) Kelcy Warren Partners, L.P., a Texas limited partnership (Warren Partners). (3) Kelcy Warren Partners II, L.P., a Texas limited partnership (Warren Partners II). (4) Kelcy Warren Partners III, LLC, a Texas limited liability company (Warren Partners III). (5) ET Company, Ltd., a Texas limited partnership (ET Company). (6) LE GP, LLC, a Delaware limited partnership (LE GP and, together with Mr. Warren, Warren Partners, Warren Partners II, Warren Partners III and ET Company, collectively, the Reporting Persons). Information concerning the executive officers and board of directors or managers of each of the Reporting Persons, as applicable (collectively, the Listed Persons), including name, business address, present principal occupation or employment, and citizenship is listed on the attached Schedule I, which is incorporated herein by reference. (b) Principal Business Address and Principal Office Address of Reporting Persons: (1) The principal business address and principal office address of each of the Reporting Persons is 8111 Westchester Drive, Suite 600, Dallas, Texas 75225. (c) Present Principal Occupation or Principal Business: (1) Mr. Warrens principal occupation is Executive Chairman of the Issuer. (2) Warren Partners, Warren Partners II, Warren Partners III and ET Company were each formed to hold equity interests of the Issuer (including Common Units) and other investments beneficially owned by Mr. Warren. (3) LE GP was formed to serve as the general partner of the Issuer. (d) None of the entities or persons identified in this Item 2 has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the entities or persons identified in this Item 2 has, during the last five years, bee

is hereby amended and supplemented as follows

Item 3 is hereby amended and supplemented as follows: From November 12, 2018 to August 12, 2024, the Reporting Persons purchased 57,332,154 Common Units in a series of open market transactions for aggregate consideration of approximately $632 million. The Reporting Persons obtained the funds for such purchases through capital contributions from their partners and members, and from personal funds. In addition, the Reporting Persons acquired 6,504,174 Common Units through the Issuers distribution reinvestment plan for no additional consideration. Item4. Purpose of Transaction

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: General The Reporting Persons acquired the securities described in this Schedule 13D for investment purposes and they intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuers business, financial condition, operations and prospects; price levels of the Issuers securities; general market, industry and economic conditions; and other future developments. The Reporting Persons may acquire additional securities of the Issuer in the open market or in privately negotiated transactions. In addition, the Reporting Persons may engage in discussions with management, the board of directors of the general partner of the Issuer (the Board), and other relevant parties or encourage, cause or seek to cause the Issuer or such persons to consider or explore various transactions, including: mergers or acquisitions, securities offerings and/or repurchases by the Issuer; changes to the capitalization or distribution policy of the Issuer; or other changes to the Issuers business or corporate structure, including changes in management or the composition of the Board. To facilitate their consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoing steps at preliminary stages in their consideration of various possible courses of action before forming any intention to pursue any particular plan or direction. Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. September 17, 2024 KELCY L. WARREN By: /s/ Sonia Aubé, Attorney-in-Fact LE GP, LLC By: /s/ Sonia Aubé Name: Sonia Aubé Title: Vice President Administration and Assistant Secretary KELCY WARREN PARTNERS, L.P. By: /s/ Sonia Aubé, Attorney-in-Fact KELCY WARREN PARTNERS II, L.P. By: /s/ Sonia Aubé, Attorney-in-Fact ET COMPANY LTD. By: /s/ Sonia Aubé, Attorney-in-Fact KELCY WARREN PARTNERS III, LLC By: /s/ Sonia Aubé, Attorney-in-Fact CUSIP No. 29273V100 13D Page 12 of 12 Pages Schedule I Listed Persons LE GP, LLC Name and Business Address Capacity in Which Serves LE GP Principal Occupation Kelcy L. Warren 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Executive Chairman Executive Chairman of the Board of LE GP, LLC Thomas E. Long 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Co-Chief Executive Officer and Director Co-Chief Executive Officer and Director of LE GP, LLC Marshall S. McCrea, III 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Co-Chief Executive Officer and Director Co-Chief Executive Officer and Director of LE GP, LLC Dylan A. Bramhall 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Executive Vice President and Group Chief Financial Officer Executive Vice President and Group Chief Financial Officer of LE GP, LLC Gregory G. McIlwain 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Executive Vice President Operations Executive Vice President Operations of LE GP, LLC A. Troy Sturrock 8111 Westchester Drive, Suite 600 Dallas, TX 75225 Group Senior Vice President, Controller and Princiap Accounting Officer Group Senior Vice President, Controller and Principal Accounting Officer of LE GP, LLC James M. Wright, Jr.

View Full Filing

View this SC 13D/A filing on SEC EDGAR