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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News about Energy Transfer Equity
Multibillion dollar deals gone sour
They'd tried to oust Chief Executive Alan Armstrong, who was against the pipeline merger.
The two companies have sued each other.