Energy Transfer to move primary listing to Texas Stock Exchange in early October, becoming first major company to switch from NYSE
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
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
What is FLOW? An Analysis of the Flow Blockchain Ecosystem and Its Current Status
-
2
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
3
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
4
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
5
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
6
LS Cable subsidiary Gaon Cable secures W120b ($90m) US AI data center cable deal
-
7
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
8
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
9
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
-
10
Global Business Forum Urges Business Leaders to Embrace AI and Rethink Strategies
Markets Today
Recommended Reading



