Energy Transfer Co-CEO Marshall McCrea to retire by Dec 31, 2026; Thomas Long to become sole CEO

Energy Transfer LP

Marshall McCrea to retire by December 31, 2026; will continue as co-CEO and remain on Board.
Thomas Long to assume sole CEO role upon McCrea's retirement.
Compensation Committee accelerates 10% and 50% of unvested equity awards; additional 40% delayed per qualified retirement provisions.
McCrea to enter separation agreement with 12-month non-compete, non-solicit, non-disparagement, and cooperation clauses.
Treatment of 2025 award depends on retirement date; if before Dec 5, 2026, awards continue vesting while on Board.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Marshall S. McCrea, III

Co-Chief Executive Officer

ET · Energy Transfer LP

Effective: 2026-12-31
Successor: Thomas E. Long
Filed: June 3, 2026, 4:31 PM ET

On June 1, 2026, Marshall S. (“Mackie”) McCrea, III, Co-Chief Executive Officer of Energy Transfer LP (the “Partnership”), notified the Partnership of his intention to retire, effective on or before December 31, 2026.

Role change

Thomas E. Long

sole Chief Executive Officer

ET · Energy Transfer LP

Effective: 2026-12-31
Filed: June 3, 2026, 4:31 PM ET

Upon Mr. McCrea’s retirement, Thomas E. Long, the Partnership’s Co-Chief Executive Officer, will assume the role of sole Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Marshall S. McCrea, III departed as Co-Chief Executive Officer at Energy Transfer LP.

Action: retire
Role: Co-Chief Executive Officer

Exact text from the filing

On June 1, 2026, Marshall S. (“Mackie”) McCrea, III, Co-Chief Executive Officer of Energy Transfer LP (the “Partnership”), notified the Partnership of his intention to retire, effective on or before December 31, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas E. Long changed role as sole Chief Executive Officer at Energy Transfer LP.

Action: assume the role of
Role: sole Chief Executive Officer

Exact text from the filing

Upon Mr. McCrea’s retirement, Thomas E. Long, the Partnership’s Co-Chief Executive Officer, will assume the role of sole Chief Executive Officer.

View on SEC.gov

Energy Transfer LP filing history →

Source: SEC EDGAR

accession 0001276187-26-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.