Kelcy Warren Expands Stake in Energy Transfer with $40 Million Investment

 Kelcy Warren, the executive chairman and co-founder of Energy
Transfer, has fortified his stake in the Dallas-based pipeline company with a
substantial $40 million investment. This strategic move follows a $7 billion
acquisition aimed at expanding the firm’s oil and gas infrastructure. 

In recent transactions, Kelcy Warren purchased 3 million shares, as disclosed in a regulatory filing. This brings his
total holdings to over 103 million shares, displaying a significant level of
confidence in the company’s future. Kelcy Warren’s investments in Energy
Transfer date back to its founding in 1996, and his continued acquisitions
indicate a strong belief in its market potential. 

Energy Transfer’s shares traded at $13 on Tuesday, aligning with Warren’s latest purchase price.
This recent buy further solidifies his position, as he now holds a 9.4% stake
in the company’s common units. His net worth, estimated at $5.6 billion, is largely
tied to these shares, according to Bloomberg. 

The $7 billion deal involves acquiring Houston-based Crestwood Equity Partners, which will extend
Energy Transfer’s footprint across key oil and gas basins, including the
Williston, Delaware, and Powder River basins. This acquisition adds significant
assets in Texas, Montana, New Mexico, North and South Dakota, Wyoming, and
parts of Canada. The new infrastructure will boost the company’s capacity to
gather and process substantial volumes of gas and crude oil. 

Energy Transfer is now one of the leading U.S. companies in the oil
and gas sector, operating nearly 125,000 miles of pipeline across 41 states.
The firm reported revenues close to $90 billion and profits nearing $6 billion
for 2022. Kelcy Warren’s role in this growth has been pivotal, as the company
continues to be an aggressive player in the industry, closing deals worth
nearly $14 billion in recent years. 

Paul O’Donnell, Business Editor at The Dallas Morning News, has been closely following these
developments. His insights reveal a company well-positioned for future growth,
driven by strategic acquisitions and strong leadership from figures like Kelcy
Warren. Read this article for additional information. 

More about Warren on https://horatioalger.org/members/member-detail/kelcy-l-warren

 Kelcy Warren, the executive chairman and co-founder of Energy Transfer, has fortified his stake in the Dallas-based pipeline company with a substantial $40 million investment. This strategic move follows a $7 billion acquisition aimed at expanding the firm’s oil and gas infrastructure.  In recent transactions, Kelcy Warren purchased 3 million shares, as disclosed in a…