WARREN KELCY L

Director Warren Kelcy L purchased 2,000,000 shares for $33,760,000.00 across two transactions at $16.95 and $16.81.

Director Warren Kelcy L executed 2 separate purchases totaling 2,000,000 shares for $33,760,000.00 on consecutive days, with blended average price $16.88. His post-transaction holdings of 105,577,803 shares represent a +1.9% increase, demonstrating material capital commitment to the position. His prior trades at Energy Transfer show mixed timing: 3 of 5 prior buys yielded positive 90-day returns, while his most recent ET purchases in August 2025 posted negative 90-day returns of -0.4% and -2.1%. The current stock price of $16.64 reflects a -21.1% decline from the 52-week high of $21.08, positioning this purchase 1.4% below the transaction prices—a modest margin. His cross-ticker track record of 13 prior buys with 84.62% 90-day win rate contrasts with his same-ticker history at ET, where timing has been less consistent, warranting observation of whether this latest accumulation aligns with any material company developments or sector factors.

Director WARREN KELCY L purchases 2,000,000 shares for $34,681,000.00 in two tranches at ET; extends 5-for-5 well-timed buying pattern.

WARREN KELCY L, a director at Energy Transfer LP, made two separate open-market purchases totaling 2,000,000 shares (2.00M shares) for $34,681,000.00 ($34.7M) at a blended average price of $17.34 on August 19-20, 2025, increasing his holdings from 67,178,477 shares to 69,178,477 shares (+3.0% vs pre-transaction holdings). His five prior purchases at this ticker were uniformly well-timed: all posted positive 90-day returns, ranging from +1.8% to +10.3%. His broader cross-ticker open-market buying history is also strong, with 11 prior buys averaging +1.8% 30-day return and +4.2% 90-day return at a 100% win rate. The current stock price of $17.46 sits -17.2% from the 52-week high of $21.08, placing this transaction near recent lows. Energy Transfer LP carries a P/E of 12.65 and generated $19.2B in latest quarterly revenue with $1.2B net income. The timing and magnitude of this purchase, combined with the insider's consistent track record of well-timed accumulation at this same ticker and across his broader portfolio, merit investor attention to the directional signal this transaction provides.

Director Kelcy L Warren buys 3,000,000 ET shares at $15.68 for $47,040,000; holdings jump to 123.39M (+2.5%)

Director Kelcy L Warren executed a substantial open-market purchase of 3,000,000 shares of Energy Transfer LP at $15.68 on 2024-08-12, investing $47,040,000 in total. His holdings increased from 120,385,650 to 123,385,650 shares, representing a 2.5% addition to an already concentrated position. Prior trades at this ticker show consistent positive 90-day returns across 5 separate buys from August-November 2023 (range +1.8% to +7.4%), with all 5 prior purchases proving well-timed at the 90-day mark. However, the current price of $15.58 sits 5.2% below the 52-week high and reflects a 4.1% decline over the preceding 30 days, marking his entry point near recent weakness rather than continuation of the strength that characterized his earlier ET purchases. The large investment size and Warren's history of well-timed accumulation at this ticker merit monitoring, though the transaction occurs in a period of softening price momentum and negative annual revenue growth (-12.6% FY vs prior FY).