SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. )*
Energy Transfer LP
(Name of Issuer)
(Title of Class of Securities)
April 20, 2020
(Date of Event which Requires Filing of this
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
The remainder of this cover page shall be filled out
for a reporting person’s initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of
the Securities Exchange Act of 1934 (“Act”) or otherwise subject to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
CUSIP No. 29273V100
Name of Reporting Persons:
Blackstone Holdings I/II GP L.L.C.
Check the Appropriate Box if a Member of a Group
(a) ☐ (b) ☒
SEC Use Only
Citizenship or Place of Organization:
Sole Voting Power:
Shared Voting Power:
Sole Dispositive Power:
Shared Dispositive Power:
Aggregate Amount Beneficially Owned by Each Reporting Person:
Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions) ☐
Percent of Class Represented by Amount in Row (9):
Type of Reporting Person (See Instructions):
The Blackstone Group Inc.
Blackstone Group Management L.L.C.
Stephen A. Schwarzman
Energy Transfer LP (the “Issuer”)
8111 Westchester Drive, Suite 600, Dallas Texas 75225
Each of the following is hereinafter individually referred to as a
“Reporting Person” and collectively as the “Reporting Persons.”
This statement is filed on behalf of:
(i) Blackstone Holdings I/II GP L.L.C.
345 Park Avenue
New York, NY 10154
Citizenship: State of Delaware
(ii) The Blackstone Group Inc.
(iii) Blackstone Group Management L.L.C.
c/o The Blackstone Group Inc.
(iv) Stephen A. Schwarzman
Citizenship: United States
This Schedule 13G reflects Common Units (as defined below) held by
funds or accounts that may be deemed to be indirectly controlled by
Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone
Holdings I/II GP L.L.C. is The Blackstone Group Inc. The sole
holder of the Class C common stock of The Blackstone Group
Inc. is Blackstone Group Management L.L.C. Blackstone Group
Management L.L.C. is wholly-owned by Blackstone’s senior managing
directors and controlled by its founder, Stephen A. Schwarzman.
Each such Reporting Person may be deemed to beneficially own the
Common Units reported herein, but neither the filing of this
Schedule 13G nor any of its contents shall be deemed to constitute
an admission that any Reporting Person is the beneficial owner of
the Common Units referred to herein for purposes of
Section 13(d) of the Securities Exchange Act of 1934, as
amended (the “Act”), or for any other purpose and each of the
Reporting Persons expressly disclaims beneficial ownership of such
Common Units. The filing of this statement should not be construed
to be an admission that any member of the Reporting Persons are
members of a “group” for the purposes of Sections 13(d) and
13(g) of the Act.
Common units (the “Common Units”).
(a) Amount beneficially owned:
Calculations of the percentage of Common Units beneficially owned
assume 2,689,793 Common Units outstanding as of February 14,
2020, as reported in the Annual Report on Form 10-K filed with the Securities and
Exchange Commission on February 21, 2020. Each of the
Reporting Persons may be deemed to be the beneficial owner of the
Common Units listed on such Reporting Person’s cover page.
Funds or accounts that may be deemed to be indirectly controlled by
The Blackstone Group Inc. hold 184,731,265 Common Units.
(b) Percent of class:
Each of the Reporting Persons may be deemed to be the beneficial
owner of the percentage of Common Units listed on such Reporting
Person’s cover page.
(c) Number of Shares as to which the Reporting Person
(i) Sole power to vote or to direct the vote:
See each cover page hereof.
(ii) Shared power to vote or to direct the vote:
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following: ☐
Each of the Reporting Persons hereby makes the following
By signing below the undersigned certifies that, to the best of its
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Dated: April 29, 2020
/s/ John G. Finley
/s/ Stephen A. Schwarzman