Energy Transfer Completes Sale of Its Interest in Energy Transfer Canada
August 16 2022 - 8:00AM
Business Wire
Energy Transfer LP (NYSE: ET) announced today the completion of
the sale of its 51 percent interest in Energy Transfer Canada ULC
(Energy Transfer Canada) to a joint venture which includes Pembina
Pipeline Corporation and global infrastructure funds managed by
KKR. The sale of these assets allows Energy Transfer to further
deleverage its balance sheet and redeploy capital within its U.S.
footprint, which consists of a portfolio of energy assets with
exceptional geographic and product diversity.
For more information, visit the Energy Transfer LP website at
www.energytransfer.com.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in
North America, with a strategic footprint 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
28.5 million common units of Sunoco LP (NYSE: SUN), and the general
partner interests and 46.1 million common units of USA Compression
Partners, LP (NYSE: USAC).
Forward-Looking Statements
This news release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. In addition to the risks and
uncertainties previously disclosed, the Partnership has also been,
or may in the future be, impacted by new or heightened risks
related to the COVID-19 pandemic, and we cannot predict the length
and ultimate impact of those risks. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
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Media Relations 214-840-5820
media@energytransfer.com
Investor Relations Bill Baerg,
Brent Ratliff or Lyndsay Hannah 214-981-0795
Energy Transfer (NYSE:ET)
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