Energy Transfer LP (ET) will transfer its common and Series I preferred units from the New York Stock Exchange (NYSE) to the newly established Texas Stock Exchange (TXSE) in early October. This move makes ET the first major company to switch its primary listing from the NYSE to the Dallas-based exchange. The company, valued at approximately $75 billion, is expected to provide a significant credibility boost to TXSE, which is backed by major financial institutions including BlackRock, Citadel Securities, and Charles Schwab. Executive Chairman Kelcy Warren, who owns about 30% of TXSE's parent company, is a major backer of the new exchange. While the move could enhance investor visibility, particularly among those focused on Texas energy infrastructure, analysts note that changing exchanges does not fundamentally alter Energy Transfer's financial performance or operational metrics, and risk