{"id":433183,"date":"2026-09-11T20:48:19","date_gmt":"2026-09-11T20:48:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/433183\/"},"modified":"2026-09-11T20:48:19","modified_gmt":"2026-09-11T20:48:19","slug":"100-billion-pipeline-company-energy-transfer-will-move-stock-listing-from-new-york-to-dallas","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/433183\/","title":{"rendered":"$100 billion pipeline company Energy Transfer will move stock listing from New York to Dallas"},"content":{"rendered":"

Dallas-based pipeline company Energy Transfer and its affiliates, together worth nearly $100 billion, are moving primary stock listings from the New York Stock Exchange to the Texas Stock Exchange<\/a>, marking one of the biggest wins yet for \u201cY\u2019all Street.\u201d<\/p>\n

Energy Transfer, one of the largest oil and gas transporters in the world, announced Thursday it expects its shares to begin trading through TXSE on Oct. 5. <\/p>\n

The company said<\/a> the move aligns its “Texas-based legacy with TXSE’s technology-driven platform.”<\/p>\n

Energy Transfer LP CEO Kelcy Warren also owns a 30% stake<\/a> in TXSE Group, the stock exchange’s parent company, according to the Wall Street Journal<\/a>.<\/p>\n

TXSE Chairman and CEO James Lee called the move a “watershed moment for capital markets.” <\/p>\n

“The movement of primary listings out of New York and into Texas has begun,” Lee said. “This is the beginning of a larger trend that will reshape the broader listings landscape in the United States for decades and position Texas as a global capital markets leader.”<\/p>\n

The NYSE and Nasdaq have a virtual duopoly<\/a> on stock listing. That means TXSE snagging even one corporate listing away could be seen as a major win. <\/p>\n

But those exchanges haven\u2019t been idle. The two separately launched NYSE Texas<\/a> and Nasdaq Texas in response to TXSE. <\/p>\n

TXSE began trading in July, but largely only dual-listings. That means a company has its shares traded on TXSE, but keeps its primary listing on the NYSE or Nasdaq. <\/p>\n

This primary listing comes as Texas tries to beef up its business-friendly environment with institutions like the Texas Business Court<\/a>, which was created in 2023 to handle complex business disputes. <\/p>\n

Oil and gas giant ExxonMobil voted this year<\/a> to move its home from New Jersey to Texas. <\/p>\n

“Companies across the U.S. are reevaluating where they are headquartered, where they are legally domiciled, and where they list,” Lee said. “Texas has built a complete business ecosystem with advantages across all three.”<\/p>\n

Dylan Duke is KERA’s breaking news reporter. Got a tip? Email Dylan at\u00a0dduke@kera.org<\/a>.<\/p>\n

KERA News is made possible through the generosity of our members. If you find this reporting valuable, consider\u00a0making a tax-deductible gift today<\/a>. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"Dallas-based pipeline company Energy Transfer and its affiliates, together worth nearly $100 billion, are moving primary stock listings…\n","protected":false},"author":2,"featured_media":433184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[102,104,103],"class_list":["post-433183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-dallas","tag-dallas-headlines","tag-dallas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/433183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=433183"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/433183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/433184"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=433183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=433183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=433183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}