“Kelcy Warren Bolsters Personal Stake in Energy Transfer”
Kelcy Warren, the astute billionaire and executive chairman of Dallas firm Energy
Transfer, has recently expanded his personal stake in the company with an
investment of nearly $40 million. Warren, who co-founded the oil and gas
pipeline giant in 1996, has shown unwavering confidence in the company’s
prospects with this significant financial commitment.
This recent investment by Warren follows a notable $7 billion deal that Energy Transfer has
just secured to expand its oil and gas pipeline network. Energy Transfer’s
share price, currently trading at $13, is the same price Warren paid for his
most recent stock acquisition. This fact underscores the executive chairman’s
firm belief in the company’s growth potential.
Warren’s large-scale investments in Energy Transfer are not a
recent phenomenon. Indeed, since January 2018, Warren has acquired over 103
million Energy Transfer shares, amounting to an expenditure of just under $950
million. It is no surprise then that the majority of his estimated $5.6 billion
net worth, according to Bloomberg’s billionaires index, can be attributed to
his shares in Energy Transfer.
The company, under Warren’s leadership, has demonstrated an impressive growth trajectory. Energy
Transfer’s vast assets now span the Williston and Delaware oil and gas basins,
and following the recent acquisition of Houston-based Crestwood Equity Partners,
their reach has extended to the Powder River basin.
In summary, the strategic moves and personal investments of Kelcy Warren in Energy Transfer show his unyielding conviction in
the company’s future. As Energy Transfer continues its expansion, all eyes
remain on Warren and his next power move for the company he helped establish.
His strategic decisions and investments will likely continue to be a
determinant of the company’s growth and success.
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Find more information about Kelcy Warren on https://www.uta.edu/news/news-releases/2023/05/10/alumnus-kelcy-warrens-transformational-gift-is-largest-in-uta-history