Energy Transfer completes acquisition of WTG Midstream Holdings LLC in a $3.25 Billion Transaction
Acquiring Company
Energy Transfer
Acquired Company
WTG Midstream Holdings
DallasTexasEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
Energy Transfer LP has entered into a definitive agreement to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion. The acquisition is expected to provide Energy Transfer with increased access to growing supplies of natural gas and NGL volumes, enhancing the partnership’s Permian operations and downstream businesses. Additionally, the transaction is expected to add incremental revenue from downstream NGL transportation and fractionation fees, with the assets expected to add approximately $0.04 of Distributable Cash Flow (DCF) per common unit in 2025 growing to approximately $0.07 per common unit in 2027.
Quick answer
Energy Transfer is acquiring WTG Midstream Holdings for $3.3 billion, announced May 28, 2024. Energy Transfer is based in Dallas, Texas, United States.
- How much did Energy Transfer pay for WTG Midstream Holdings?
- The reported deal value is $3.3 billion.
- What does Energy Transfer do?
- Energy Transfer LP is a Delaware-based energy company primarily engaged in the transportation and storage of natural gas, NGLs, and crude oil.
- Where are Energy Transfer and WTG Midstream Holdings based?
- Energy Transfer is based in Dallas, Texas, United States. WTG Midstream Holdings is based in Texas, United States.
- Who are the decision-makers at Energy Transfer?
- Fundz holds 2 contacts at Energy Transfer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired WTG Midstream Holdings?
WTG Midstream Holdings was acquired by Energy Transfer, based in Dallas. The deal was reported on May 28, 2024. Energy Transfer LP is a Delaware-based energy company primarily engaged in the transportation and storage of natural gas, NGLs, and crude oil. Energy Transfer is publicly traded (ET) and operates in Energy.
When did Energy Transfer acquire WTG Midstream Holdings?
Energy Transfer's acquisition of WTG Midstream Holdings was reported on May 28, 2024. Energy Transfer LP has entered into a definitive agreement to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does WTG Midstream Holdings do?
WTG Midstream Holdings LLC provides comprehensive midstream services including wellhead gathering, intra-basin transportation, and processing services. It is privately held, operating in Energy, and is based in Texas.
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