Energy Transfer Equity, LP http://www.alacrastore.com/company-snapshot/Energy_Transfer_Equity_LP-3732884 26 Nov 2009 11:51:53 EST 3732884 Energy Transfer Equity, LP en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-Energy_Transfer_CEO_M_amp_A_Comments_amp_Spread_Outlook-9190191901cs/91901normArticleTemplateWe are maintaining our overweight rating on ETP bonds despite weak third quarter results and comments from the CEO that ETP attempted to buy Copano Energy and assets from other pipeline operators.adevriesenergy_transferenergy_transfer9190124 Nov 2009 11:09:22 ESTYes91901150CreditSights Incunited_statesunited_statesenergypipelines_mlpsenergypipelines_mlpsPublishedCompanyCommentCompany Analysis1635 Energy Transfer: CEO M&A Comments & Spread Outlook We are maintaining our overweight rating on ETP bonds following weak third quarter results and comments from the CEO that ETP attempted to buy Copano Energy and assets from...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Energy_Transfer_TX_Intrastate_Drives_Weak_3Q-9113791137cs/91137normWWTemplateadevriesenergy_transferenergy_transfer9113709 Nov 2009 11:08:18 ESTYes91137150CreditSights Incunited_statesunited_statesenergypipelines_mlpsenergypipelines_mlpsPublishedWorthWatchingWorth Watching333 Energy Transfer: TX Intrastate Drives Weak #Q Energy Transfer (Baa#/BBB-) reported weak third quarter results and said that net income did not cover its declared distributions to equity holders. As a result of the payout in excess of...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Pipeline_MLPs_Retained_Cash_Flows_vs_Equity_Pmts-8987989879cs/89879normArticleTemplateWe are incorporating a new credit metric to our analysis of pipeline MLPs: retained cash flows. This metric varies significantly from the traditional cash flow retention measurement of distribution coverage.adevriesboardwalk_pipeline_partnersenbridge_energy_partnersenergy_transferenterprise_productskinder_morgan_energy_partnersmagellan_midstreamoneok_partnersplains_all_american_pipelineboardwalk_pipeline_partnersenbridge_energy_partnersenergy_transferenterprise_productskinder_morgan_energy_partnersmagellan_midstreamoneok_partnersplains_all_american_pipeline8987919 Oct 2009 03:09:00 ESTYes89879150CreditSights Incunited_statesunited_statesenergypipelines_mlpspipelines_mlpsenergyPublishedhigh_yieldhigh_yieldSectorCommentSector Analysis1827 Pipeline MLPs: Retained Cash Flows vs. Equity Pmts We are maintaining our overweight rating on MLP bonds based on current bond spreads, significant declines in capex that reduce the need for capital market access, stable credit metrics...boardwalk_pipeline_partnersboardwalk_pipeline_partnersbuckeye_partnersbuckeye_partnerscheniere_energycheniere_energycheniere_energy_partnerscheniere_energy_partnersdcp_midstreamdcp_midstreamel_pasoel_pasoel_paso_pipeline_partnersel_paso_pipeline_partnersenbridgeenbridgeenbridge_energy_partnersenbridge_energy_partnersenergy_transferenergy_transferenronenronenterprise_productsenterprise_productskinder_morgankinder_morgankinder_morgan_energy_partnerskinder_morgan_energy_partnersmagellan_midstreammagellan_midstreammattelmattelmcclatchy_companymcclatchy_companynational_fuel_gasnational_fuel_gasnisourcenisourceoneokoneokoneok_partnersoneok_partnersplains_all_american_pipelineplains_all_american_pipelinerockies_expressrockies_expresssouthern_unionsouthern_unionspectra_energyspectra_energyspectra_energy_partnersspectra_energy_partnerstarga_resources_partnerstarga_resources_partnersveoliaveoliawilliams_companieswilliams_companiesCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Energy_Transfer_250M_Equity_Deal_776M_To_date-8937589375cs/89375normWWTemplateadevriesenergy_transferenergy_transfer8937530 Sep 2009 11:08:57 ESTYes89375150CreditSights Incunited_statesunited_statesenergypipelines_mlpsenergypipelines_mlpsPublishedWorthWatchingWorth Watching149 Energy Transfer: $###M Equity Deal; $###M To-date Energy Transfer (Baa#/BBB-) announced its third equity offering of #### for ~$### million, depending where the LP units price. At last nights closing price of $##.##, ETPs newly issued...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-MLP_Conf_II_Small_Caps_amp_Equity_Plays-8910489104cs/89104normArticleTemplateIn part II of annual pipeline MLP conference coverage, we focus on five small cap MLPs. These names have minimal cash bond issuances but offer interesting stockholder upside . They include Atlas, Crosstex, NuStar, Spectra & Western Gas.adevriesenbridge_energy_partnersenergy_transferenterprise_productskinder_morgan_energy_partnersoneok_partnersplains_all_american_pipelinespectra_energyspectra_energy_partnersspectra_energy_partnersenbridge_energy_partnersenergy_transferenterprise_productskinder_morgan_energy_partnersoneok_partnersplains_all_american_pipelinespectra_energy8910423 Sep 2009 11:03:53 ESTYes89104150CreditSights Incunited_statesunited_statesenergypipelines_mlpspipelines_mlpsenergyPublishedcapital_structurehigh_yieldcapital_structurehigh_yield MLP Conf. II: Small Caps & Equity Plays We attended the annual pipeline MLP conference and heard over ## names present their views of the industry, gas prices, processing margins and outlooks for M&A and organic growth Part I of...SectorCommentSector Article2749Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Energy_Trans_Settles_w_FERC_for_30M_O_W_Bonds-8904289042cs/89042normWWTemplateadevriesenergy_transfer8904221 Sep 2009 11:09:00 ESTYes89042150CreditSights Incunited_statespipelines_mlpsenergyPublishedWorthWatchingWorth Watching205 Energy Trans.: Settles w/ FERC for $##M; O/W Bonds Energy Trans. (Baa#/BBB-) and the FERC have finally settled all allegations of energy market manipulation with ETP agreeing to disgorge $## million of profits and pay a $# million fine....Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/510160_pr_frame510160_pr_framefitch/510160_pr_framehtmlEnergy Transfer Partners L.P.Energy Transfer Equity, LP810314958413092221 Sep 2009 06:31:00 EST0102030085Press ReleaseETPETEFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-MLP_Conf_I_Takeaways_amp_Large_Cap_Spread_Review-8900689006cs/89006normArticleTemplateWe attended the annual pipeline MLP conference and heard over 15 names present their views of the industry, gas prices, processing margins and outlooks for M&A and organic growth.adevriesenterprise_productsoneok_partnersenergy_transfermagellan_midstreamplains_all_american_pipelinekinder_morgan_energy_partnersboardwalk_pipeline_partners8900621 Sep 2009 03:09:00 ESTYes89006150CreditSights Incpipelines_mlpsenergyPublishedSectorCommentSector Article3447 MLP Conf. I: Takeaways & Large Cap Spread Review We attended the annual pipeline MLP conference and heard over ## names present their views of the industry, gas prices, processing margins and outlooks for M&A and organic growth...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Energy_Transfer_Partners_2Q09_Tearsheet-8821088210cs/88210normTearsheetTemplateadevriesenergy_transfer8821021 Aug 2009 02:09:32 ESTYes88210150CreditSights Incunited_statespipelines_mlpsenergyPublishedTearsheetTearsheet753 Energy Transfer Partners #Q## Tearsheet ETP lacks the geographic diversification of its large MLP peers KMP and EPD. ETP has significant commodity price exposure at its Midstream business, which contributed ##% of #### operating income....Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-MLP_Cash_Flows_Part_I_2Q_IDRs_and_Credit_Metrics-8784287842cs/87842normArticleTemplateWe analyze the Incentive Distribution Rights (IDRs) of MLPs and the thresholds where they get triggered for nine large natural gas & oil transportation MLPs and take a look at LTM distributions to LP and GP owners as of 2Q.adevriesenergy_transferkinder_morgan_energy_partnersmagellan_midstreamplains_all_american_pipelineoneok_partnerskinder_morganboardwalk_pipeline_partnersoneokenterprise_productsenbridge_energy_partners8784217 Aug 2009 03:09:00 ESTYes87842150CreditSights Incpipelines_mlpsenergyPublished MLP Cash Flows Part I: #Q IDRs and Credit Metrics Pipeline MLP distributions to equity holders showed only #% growth in #Q, down from the #-##% range of ####-#### General partners have seen larger increases as a result of the Incentive...SectorCommentSector Article3012Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Energy_Transfer_Shares_Drop_5_on_Weak_2Q_Results-8779787797cs/87797normWWTemplateadevriesenergy_transfer8779712 Aug 2009 03:08:00 ESTYes87797150CreditSights Incunited_statesenergypipelines_mlpsPublishedearningsWorthWatchingWorth Watching383 Energy Transfer: Shares Drop #% on Weak #Q Results Energy Transfer (Baa#/BBB-) shares fell #% in an otherwise down #-#% market for the pipelines Master Limited Partnerships after the company reported very weak second quarter results....Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Pipeline_MLPs_GP_Valuations_Post_Magellan_Deal-8584785847cs/85847normArticleTemplateWe update the cash flow multiples of the few publicly traded General Partners and compare it to the implied multiple of the Magellan merger.adevriesmagellan_midstreamenterprise_productsenergy_transfer8584729 Jun 2009 03:09:00 ESTYes85847150CreditSights Incunited_statespipelines_mlpsenergyPublishedSectorCommentSector Article1506 Pipeline MLPs: GP Valuations Post Magellan Deal Publicly traded pipeline MLP general partner (GPs) equities are up ##% on average since Magellan announced it was combining its GP and limited partnership (LP) units in a merger on March...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-MLPs_Equity_Deals_Support_Overweighting_Bonds-8540285402cs/85402normArticleTemplateKinder Morgan, Enterprise Products (via Duncan) and Oneok Partners have all announced secondaries recently that affirm our positive view on the MLP sector.adevriesenterprise_productsplains_all_american_pipelineboardwalk_pipeline_partnersenbridge_energy_partnersmagellan_midstreamkinder_morganenergy_transferkinder_morgan_energy_partnersoneok_partners8540216 Jun 2009 11:10:00 ESTYes85402150CreditSights Incunited_statespipelines_mlpsenergyPublishedSectorCommentSector Article1487 MLPs: Equity Deals Support Overweighting Bonds Oneok Partners is the latest pipeline master limited partnership to announce an equity offering (~$### million) Pipeline MLP equity secondaries have continued throughout the credit crisis...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/441306_report_frame441306_report_framefitch/441306_report_framepdfEnergy Transfer Equity, LPMcClatchy CompanySolo Cup CompanyMGM Mirage IncThe Nielsen Company BVWarner Music Group CorpSanmina-SCI CorporationBoston Scientific CorporationFlextronics International, Ltd.Avista CorporationPeabody Energy CorporationAlliant Techsystems, Inc.US Airways Group, Inc.TEPPCO Partners, L.P.Saks IncorporatedJabil Circuit, Inc.Celestica Inc.80672779814240548344446884597869804171798234949580496388832814618631810780091504809326318046410284130922853342738009159186862542826426758009164222 May 2009 06:33:00 EST01030700010305000103080001031200010203000103150001031700010321000103060001030300275NewsletterFLEXBSXETESANMBTULCCATKWMGCLSJBLSKSAVAMGMMNITPPFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/440086_report_frame440086_report_framefitch/440086_report_framepdfEnergy Transfer Equity, LPEnergy Transfer Partners L.P.841309228103149519 May 2009 02:17:00 EST01020300425Full Rating ReportETPETEFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/440088_report_frame440088_report_framefitch/440088_report_framepdfEnergy Transfer Partners L.P.Energy Transfer Equity, LP810314958413092219 May 2009 02:17:00 EST01020300425Full Rating ReportETPETEFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/439406_report_frame439406_report_framefitch/439406_report_framepdfThe Goodyear Tire & Rubber CompanyWindstream CorporationCrown Holdings, Inc.Owens-Illinois Glass Container North AmericaMGM Mirage IncEnergy Transfer Equity, LPFrontier Communications CorporationUS Airways Group, Inc.Flowserve CorporationLifepoint Hospitals, Inc.Sovran Self Storage, Inc.Energy Transfer Partners L.P.Hayes Lemmerz International, Inc.American Equity Investment Life Holding Company80091825800910748478046981841365823494958041717984130922835494858331466885421873810314958171910980090227821842648049638815 May 2009 06:32:00 EST010308000103130001010210010317000101030301030400010321000103150001020300275NewsletterETPETELPNTFTRLCCCCKGTAELWINHAYZQMGMFLSSSSFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/473431_pr_frame473431_pr_framefitch/473431_pr_framehtmlEnergy Transfer Partners L.P.Energy Transfer Equity, LP841309228103149508 May 2009 06:28:00 EST0102030085Press ReleaseETEETPFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/T2102924ccbn/T2102924normT2102924...Ladies and gentlemen, thank you very much for standing by and welcome to the Energy Transfer earnings conference call. (Operator Instructions). As a reminder, today's conference is being recorded. I would now like to turn the conference over to your host, Mr. Martin Salinas. ... 17 Feb 2009 03:07:00 ESTENERGY TRANSFER EQUITY LP-UT54.0000FinalENERGY TRANSFER EQUITY LP-UT Q4 2008 Earnings Conference Call TranscriptETE9:00am CTTranscriptCredit & Investment ResearchThomson StreetEvents