Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:10 AM
|This Slide: #185 of 581|
Slide #185. Energy Transfer Partners, L.P. — Preferred Stock Offering
Energy Transfer Partners, L.P. (ETP)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Energy Transfer Partners, L.P. (NYSE:ETP) today announced it has priced an underwritten public offering of 950,000 of its 6.250% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") at a price of $1,000 per unit, and 550,000 of its 6.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series B Preferred Units," and together with the Series A Preferred Units, the "Preferred Units") at a price of $1,000 per unit.
Energy Transfer Partners is engaged in the gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in some natural gas producing regions in the U.S., including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon shales. Co. is engaged in intrastate transportation and storage natural gas operations that own and operate natural gas pipeline systems that are engaged in the business of purchasing, gathering, transporting, processing, and marketing natural gas and natural gas liquids in the states of Texas, Louisiana, New Mexico and West Virginia.
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Strong Buy (3.64 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com