Kelcy Warren is an American billionaire and the chairman and chief executive officer of Energy Transfer Partners.
Introduction
Kelcy Warren, 60 years old and the chairman and C.E.O. of Energy Transfer Partners (E.T.P.), has built an enormous fortune through his company’s acquisition of Sunoco.
Kelcy Warren also owns a stake in NuStar Energy L.P., one of the largest independent crude oil and refined products pipelines in the United States; TransMontaigne Partners L.L.C., which distributes refined petroleum products throughout North America; and ETCOIL, which transports crude oil from Texas to Louisiana refineries via Oklahoma City, Oklahoma.”
Kelcy Warren, who turns 60 this year, became a billionaire in 2012 when his company, Energy Transfer Partners (E.T.P.), purchased Sunoco for $5.3 billion in cash.
Warren’s net worth is $4.8 billion, according to Forbes. He became a billionaire in 2012 when his company, Energy Transfer Partners (E.T.P.), purchased Sunoco for $5.3 billion in cash.
Kelcy Warren earned his undergraduate degree from the University of Oklahoma with a major in geology and minors in petroleum engineering and business administration before graduating from Harvard Business School’s Advanced Management Program in 1996.
The company’s business model is largely based on acquiring and consolidating pipelines and their associated crude oil assets.
E.T.P.’s business model is largely based on acquiring and consolidating pipelines and their associated crude oil assets. The company has been a major consolidator in the pipeline industry in recent years, including its purchase of Energy Transfer Equity for $23 billion in 2016 and its $28 billion merger with Williams Cos., which was announced last year. E.T.P. has also participated in several high-profile acquisitions recently; it purchased Sunoco Logistics Partners L.P. in 2017 for $21 billion and Mariner East 2 Pipeline L.L.C. from Sunoco Logistics Partners
The company also owns a stake in NuStar Energy L.P., one of the largest independent crude oil and refined products pipelines in the United States.
The company also owns a stake in NuStar Energy L.P., one of the largest independent crude oil and refined products pipelines in the United States; TransMontaigne Partners L.L.C., which distributes refined petroleum products throughout North America; and Energy Transfer Crude Oil Pipelines L.L.C. (ETCOOL), which transports crude oil from Texas to Louisiana refineries via Oklahoma City, Oklahoma. Visit this page for additional information.
More about Warren on https://www.crunchbase.com/person/kelcy-l-warren