In a significant move, Kelcy Warren, the co-founder and executive chairman of Energy Transfer,
has invested nearly $40 million to increase his personal stake in the company. Kelcy Warren’s strategic investment comes on the heels of a massive $7 billion
acquisition aimed at expanding the firm’s oil and gas pipeline network. 

Warren’s recent purchase includes 3 million shares, acquired through multiple transactions over
the past week, according to a regulatory filing. This brings his total holdings
to over 103 million shares, with investments totaling just under $950 million since January 2018. 

Founded by Kelcy Warren, Energy Transfer, a Dallas-based energy giant, has
been on an aggressive acquisition spree, having completed close to $14 billion
in deals over the past few years. The latest acquisition of Houston-based
Crestwood Equity Partners, valued at $7.1 billion including debt, is set to
extend its reach into key oil and gas basins such as the Williston, Delaware, and Powder River basins. 

Kelcy Warren’s decision to increase his stake is seen as a positive signal to other investors,
indicating his confidence in the company’s future. With Energy Transfer’s vast
network of nearly 125,000 miles of pipelines across 41 states, the company has
positioned itself as a critical player in the U.S. energy sector.   

Energy Transfer closed 2022 with impressive financials, reporting
nearly $90 billion in revenue and close to $6 billion in profit. Kelcy Warren’s
recent investment underscores his continued commitment to the growth and
success of the company he co-founded. 

As a key figure in the energy industry, Warren’s moves are closely watched by market analysts and
investors alike. 

Refer to this article for related information. 

More about Kelcy Warren on https://www.crunchbase.com/person/kelcy-l-warren