---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-270805"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:12:50.089574+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer completes acquisition of Crestwood Equity Partners LP

## Summary
- Crestwood common unitholders received 2.07 Energy Transfer common units per Crestwood unit.
- Energy Transfer issued 41,464,187 Series I Preferred Units (ETprI) to holders of Crestwood preferred units.
- Energy Transfer assumed approximately $2.85 billion aggregate principal of senior notes under five indentures.
- Transaction is immediately accretive to distributable cash flow per unit for Energy Transfer.
- Expected initial annual run-rate cost and efficiency synergies of at least $40 million.

## SEC filing metadata
- accession: 0001193125-23-270805
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1276187/000119312523270805/0001193125-23-270805-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000119312523270805/d563168d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-270805
- JSON: https://secwatch.observer/filing/0001193125-23-270805.json
- Plain text: https://secwatch.observer/filing/0001193125-23-270805.txt

## Key facts
- Governance Changes
  Energy Transfer LP: Adopted Amendment No. 10 to the Third Amended and Restated Agreement of Limited Partnership to establish Series I Preferred Units with specific distribution, conversion, and voting rights, and amended and restated the partnership agreement in its entirety as the Fourth Amended and Restated Partnersh (effective 2023-11-03).
  - Change: charter amendment
  - Effective: 2023-11-03
  source text: executed Amendment No. 10 (the “ LPA Amendment ”) to the Third Amended and Restated Agreement of Limited Partnership of Energy Transfer, dated as of February 8, 2006 (the “ Third Amended and Restated Partnership Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000119312523270805/0001193125-23-270805-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.