What were the key financial highlights for Energy Transfer Equity in 2009?

For the year ended December 31, 2009, Energy Transfer Equity reported approximately $5.42 billion in revenues and a net income of $697.9 million. The company also successfully completed several financing transactions despite challenging market conditions.

What major growth projects did Energy Transfer Equity undertake or announce in 2009?

In 2009, Energy Transfer Equity completed significant pipeline expansion projects totaling over 1,000 miles and adding approximately 5 Bcf/d of natural gas transportation capacity. Key announced projects for future development include the Fayetteville Express Pipeline and the Tiger Pipeline.

How did the company manage its debt and financing during 2009?

Energy Transfer Equity successfully completed several financing transactions, including the issuance of $1.0 billion in Senior Notes by ETP and various ETP Common Unit offerings. Proceeds were primarily used to repay borrowings under credit facilities and to fund capital expenditures for pipeline projects.

What is the company's strategy for future growth?

The company's strategy focuses on increasing cash distributions to unitholders by growing its natural gas midstream and transportation businesses. This growth is expected through strategic acquisitions and internal expansion projects, leveraging existing infrastructure and customer relationships.

ET/ET-PI 10-K FY2009 Annual Report — Revenue, Net Income, EPS

Summary

Energy Transfer Equity, L.P. (ETE) reported its 2009 fiscal year results, highlighting robust revenue generation of approximately $5.42 billion and net income of $697.9 million. A significant achievement was the completion of over 1,000 miles of large-diameter natural gas pipelines with a capacity of 5 Bcf/d, enhancing its transportation capabilities. The company also successfully navigated challenging market conditions by completing several financing transactions, including issuing $1 billion in Senior Notes and various ETP Common Unit offerings, primarily to fund capital expenditures and repay debt. Looking ahead, ETE outlined significant growth projects, including the Fayetteville Express and Tiger pipelines, expected to add substantial capacity. The company's business strategy focuses on increasing cash distributions to unitholders through ETP's growth, primarily via acquisitions and internal expansion in natural gas operations, while also maintaining a strong balance sheet. The report indicates a strong focus on leveraging existing infrastructure and customer relationships to capitalize on new or increased demand for midstream and transportation services.

Key Highlights

1Revenues of approximately $5.42 billion and net income of $697.9 million for the year.
2Completion of over 1,000 miles of large-diameter natural gas pipelines with 5 Bcf/d capacity in 2009.
3Successful financing activities including the issuance of $1.0 billion in Senior Notes by ETP.
4Expansion initiatives include ongoing development of the Fayetteville Express and Tiger pipelines.
5ETP maintained consistent quarterly distributions per ETP Common Unit throughout 2009.
6Significant growth capital expenditures planned for 2010, estimated between $1.2 billion and $1.3 billion.
7Strategy emphasizes growth in natural gas midstream and transportation, supported by acquisitions and internal expansion.

Revenue	$5.42B
Cost of Revenue	$3.12B
Gross Profit	$2.30B
SG&A Expenses	$178.92M
Operating Expenses	$4.31B
Operating Income	$1.11B
Interest Expense	$468.42M
Net Income	$442.47M

Energy Transfer LP Annual Report, Year Ended Dec 31, 2009

Summary

Financial Highlights

Key Highlights

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