Wednesday, July 22, 2026
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Continuing the recent trend of multibillion-dollar mergers in the midstream sector, Sunoco Logistics Partners L.P. (ticker: SXL) and Energy Transfer Partners, L.P. (ticker: ETP) announced that they have entered into a merger agreement in which Sunoco will acquire ETP in a unit-for-unit transaction worth $20 billion. CEO Kelcy Warren is seeking to merge the two pipeline arms of his Energy Transfer group in