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Energy Transfer approves 2:1 split, $1B buyback, commits $400M to RGP deal

  • Energy Transfer Equity (ETE) announces a series of steps it says will position it for further growth in 2014, including a two-for-one split of outstanding common units and a $1B buyback program.
  • ETE also commits to purchase $400M of Regency Energy Partners (RGP) common units as part of the consideration for RGP's $1.3B acquisition of Eagle Rock Energy Partners' midstream business; ETE is the owner of the general partner of RGP.
  • Also, Trunkline LNG Export, a subsidiary of ETE and Energy Transfer Partners (ETP), has filed Draft Resource Report No. 13  with federal regulators for the Lake Charles LNG export project.
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Comments (9)
  • Poor Texan
    , contributor
    Comments (3533) | Send Message
     
    This investment has been very good to me and seems ready to continue its beneficence.
    23 Dec 2013, 09:23 AM Reply Like
  • GeorgeB33
    , contributor
    Comment (1) | Send Message
     
    I switched my Sunoco stock to ETP. Good move.
    23 Dec 2013, 09:53 AM Reply Like
  • PLAY4949
    , contributor
    Comments (4) | Send Message
     
    KUDOS to ETP management !
    While it's true that some stock holders were losing patience while awaiting a dividend increase, management was putting that money
    where it did the MOST good for all concerned .
    23 Dec 2013, 10:33 AM Reply Like
  • jimstravels
    , contributor
    Comments (89) | Send Message
     
    I don't get it. Why spend the money to split a $52 stock. Also, the stock pays a 7% dividend which they will save with buyback. Can't they invest the money somewhere within their business and get a higher return.
    23 Dec 2013, 12:40 PM Reply Like
  • Be Here Now
    , contributor
    Comments (5216) | Send Message
     
    "Why spend the money to split a $52 stock."

     

    Why do you think a stock split costs anything?
    23 Dec 2013, 01:00 PM Reply Like
  • lsuavecito
    , contributor
    Comments (780) | Send Message
     
    Ummm, the article says that 'ETE" is doing the 2 for 1 split…..not ETP.
    23 Dec 2013, 01:18 PM Reply Like
  • Acura97rl
    , contributor
    Comments (6) | Send Message
     
    Exactly
    24 Dec 2013, 11:37 AM Reply Like
  • Acura97rl
    , contributor
    Comments (6) | Send Message
     
    Exactly!
    24 Dec 2013, 11:38 AM Reply Like
  • FloydC
    , contributor
    Comment (1) | Send Message
     
    ETE is where it's at, at least for now.
    15 Jan 2014, 08:00 PM Reply Like
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