Valuation Update After Sunoco Logistics Acquires Energy Transfer Partners
On May 1, 2017, Sunoco Logistics completed its acquisition of Energy Transfer Partners. Upon closing, Sunoco was renamed to Energy Transfer Partners and now trades under the ticker ETP. The transaction marks another step in simplification of ownership and governance within the Energy Transfer family of companies. The transaction retires extraneous ownership units held by both the legacy ETP and general partner, Energy Transfer Equity (ETE).The pro forma structure benefits from both existing cas...
Energy Transfer Partners, through its subsidiaries, conduct activities such as natural gas operations; and interstate natural gas transportation and storage; and crude oil, natural gas liquid and refined product. The company's segment includes: Intrastate Transportation and Storage, which owns and operates a natural gas open-access interstate pipeline network; Midstream, which consists of natural gas gathering, compression, treating, processing, storage, and transportation; NGL and Refined Products Transportation and Services, which transport, store and execute acquisition and marketing activities utilizing a network of pipelines, storage and blending facilities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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