This week I’m seeking a prestigious and long-term dividend-paying stock from the energy sector.
That sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing.(Those oily and gassy enterprises.)
Today I’m reviewing another large-cap oil and gas midstream firm. This one is named Energy Transfer Partners LP. Its trading ticker symbol is ETP.
Energy Transfer Partners, L.P. is in the natural gas midstream, and intrastate oil and gas transportation and storage businesses in the United States.
The company’s Intrastate Transportation and Storage segment transports natural gas from producing areas through connections with other pipeline systems, as well as through its ET Fuel System and HPL System. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas.
ETP’s Interstate Transportation and Storage segment provides natural gas transportation and storage services; owns and operates approximately 11,800 miles of interstate natural gas pipelines; and has interests in various natural gas pipelines.
The company’s Midstream segment gathers, compresses, treats, blends, processes, and markets natural gas. It owns and operates natural gas and natural gas liquids (NGL) gathering pipelines, natural gas processing plants, natural gas treating facilities, and natural gas conditioning facilities.
The company’s NGL and Refined Products Transportation and Services segment transports mixed NGLs and other hydrocarbons; stores mixed NGLs, NGL products, and petrochemical products; and separates mixed NGL streams into purity products.
Its Crude Oil Transportation and Services segment engages in the transportation, terminalling, and acquisition and marketing of crude oil; and operates crude oil trunk and gathering pipelines.
