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64 - Energy Transfer Equity

A customer fuels a vehicle at a Sunoco LP gas station in Montgomery, Alabama, U.S., on Thursday, Nov. 2, 2017. Sunoco LP is scheduled to release earnings figures on November 7. Photographer: Matt Odom/Bloomberg via Getty Images - Matt Odom — Bloomberg via Getty Images
A customer fuels a vehicle at a Sunoco LP gas station in Montgomery, Alabama, U.S., on Thursday, Nov. 2, 2017. Sunoco LP is scheduled to release earnings figures on November 7. Photographer: Matt Odom/Bloomberg via Getty Images Matt Odom — Bloomberg via Getty Images

Energy Transfer Equity, which is known for its pipeline empire, was hit hard during the price downturn, resulting in a series of corporate shake-ups. But things are now on the up-and-up, Dallas-based ETE’s crude transfer business is booming, and it is currently building a major new Texas pipeline. in 2017, revenues soared more than 25% to $40.5 billion, and profits for the first time climbed above $4 billion. That will help the company meet its commitments in paying what some see as outsize distributions.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank79
Revenues ($M)$47487
Revenue Percent Change26.6%
Profits ($M)$954.0
Profits Percent Change-4.1%
Assets ($M)$86246
Market Value — as of March 29, 2018 ($M)$15335
Employees29486

Company Facts

Employees29486
SectorEnergy
IndustryPipelines
HQ LocationDallas
CEOJohn W. McReynolds
CEO Title-
Websitewww.energytransfer.com
Years on Fortune 500 List12

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