---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-26-000030"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2026-06-03T20:31:47+00:00"
generated_at: "2026-06-03T20:57:49.323015+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001276187-26-000030
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2026-06-03T20:31:47+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/0001276187-26-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/et-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-26-000030
- JSON: https://secwatch.observer/filing/0001276187-26-000030.json
- Plain text: https://secwatch.observer/filing/0001276187-26-000030.txt

## Key facts
- Executive change
  Marshall S. McCrea, III departed as Co-Chief Executive Officer at Energy Transfer LP.
  - Action: retire
  - Role: Co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/0001276187-26-000030-index.htm
- Executive change
  Thomas E. Long changed role as sole Chief Executive Officer at Energy Transfer LP.
  - Action: assume the role of
  - Role: sole Chief Executive Officer
  source text: Upon Mr. McCrea’s retirement, Thomas E. Long, the Partnership’s Co-Chief Executive Officer, will assume the role of sole Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000030/0001276187-26-000030-index.htm

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