Energy Transfer LP
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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Jun 30, 2025 · Filed Aug 7, 2025
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8. Redeemable Noncontrolling Interests
- REDEEMABLE NONCONTROLLING INTERESTS
Certain redeemable noncontrolling interests in the Partnership’s subsidiaries were reflected as mezzanine equity on the consolidated balance sheets.
Redeemable noncontrolling interests consisted of the following:
| June 30,2025 | December 31,2024 | |
|---|---|---|
| Crestwood Niobrara LLC preferred units | $225 | $225 |
| USAC Series A preferred units | 73 | 169 |
| Other (1) | 25 | 23 |
| Total redeemable noncontrolling interests | $323 | $417 |
(1) Relates to noncontrolling interest holders in one of the Partnership’s consolidated subsidiaries that have the option to sell their interests to the Partnership.
USAC Preferred Unit Conversion
On June 3, 2025, the holders of USAC preferred units elected to convert 100,000 preferred units into 4,997,126 common units.
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