Michael Grimm Biography and Net Worth

Director of Energy Transfer

Mr. Grimm was appointed as a director of Energy Transfer LP (ET) in October 2018. He is currently President of Rising Star Petroleum, L.L.C. and the immediate Past Chairman of the Board for RSP Permian, Inc. Prior to being named Chairman, Mr. Grimm was a Co-Founder of RSP Permian in 2010, and served as a Co-Chief Executive Officer until 2014. From 2006 to 2017, Mr. Grimm has served as President and Chief Executive Officer of Rising Star Energy Development Company, and from 1995 to 2006, he served as President and Chief Executive Officer of Rising Star Energy, L.L.C., which he co-founded in 1995. From 1990-1994, Mr. Grimm was Vice President of Land and Exploration for Placid Oil Company. Prior to that, Mr. Grimm was employed for 13 years in the Land and Exploration Departments for Amoco Production Company in Houston and New Orleans. Mr. Grimm has more than 43 years of experience in the oil and natural gas industry. He served as a Director of Energy Transfer Operating, L.P. from December 2005 until October 2018. and is a former Director of Anadarko Petroleum Corporation (NYSE: APC). Mr. Grimm graduated with a BBA/PLM Degree from the University of Texas at Austin in 1977 and is a member of the Silver Spurs Hall of Fame, as well as a member of the All American Wildcatters.

What is Michael K. Grimm's net worth?: The estimated net worth of Michael K. Grimm is at least $2.84 million as of April 6th, 2022. Mr. Grimm owns 181,089 shares of Energy Transfer stock worth more than $2,837,665 as of June 2nd. This net worth approximation does not reflect any other assets that Mr. Grimm may own. Learn More about Michael K. Grimm's net worth.
How do I contact Michael K. Grimm?: The corporate mailing address for Mr. Grimm and other Energy Transfer executives is 8111 Westchester Drive Suite 600, DALLAS TX, 75225. Energy Transfer can also be reached via phone at (214) 981-0700 and via email at [email protected]. Learn More on Michael K. Grimm's contact information.
Has Michael K. Grimm been buying or selling shares of Energy Transfer?: Michael K. Grimm has not been actively trading shares of Energy Transfer over the course of the past ninety days. Most recently, on Wednesday, April 6th, Michael K. Grimm bought 504,600 shares of Energy Transfer stock. The stock was acquired at an average cost of $11.21 per share, with a total value of $5,656,566.00. Following the completion of the transaction, the director now directly owns 181,089 shares of the company's stock, valued at $2,030,007.69. Learn More on Michael K. Grimm's trading history.
Who are Energy Transfer's active insiders?: Energy Transfer's insider roster includes Richard Brannon (Director), Michael Grimm (Director), Thomas Long (CEO), Thomas Mason (EVP), Marshall McCrea, III (CEO), Matthew Ramsey (COO), Kelcy Warren (Chairman), Ray Washburne (Director), and Bradford Whitehurst (CFO). Learn More on Energy Transfer's active insiders.
Are insiders buying or selling shares of Energy Transfer?: During the last year, Energy Transfer insiders bought shares 7 times. They purchased a total of 3,017,500 shares worth more than $39,778,975.00. The most recent insider tranaction occured on November, 7th when EVP Thomas P Mason bought 7,500 shares worth more than $99,975.00. Insiders at Energy Transfer own 3.3% of the company. Learn More about insider trades at Energy Transfer.
Information on this page was last updated on 11/7/2023.

Michael K. Grimm Insider Trading History at Energy Transfer

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
4/6/2022	Buy	504,600	$11.21	$5,656,566.00	181,089
6/14/2019	Buy	3,888	$14.14	$54,976.32

Michael K. Grimm Buying and Selling Activity at Energy Transfer

Energy Transfer Company Overview

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, Montana, North Dakota, Wyoming, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and transports and supplies water to natural gas producer in Pennsylvania. Further, it owns 5,700 miles of natural gas liquid (NGL) pipeline; NGL fractionation facilities; NGL storage facilities; and other NGL storage assets and terminal. Additionally, the company provides crude oil transportation, terminalling, acquisition, and marketing activities; owns and operates approximately 14,500 miles of crude oil trunk and gathering pipelines in the Southwest, Midcontinent, and Midwest United States; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum products. It also offers natural gas compression services; carbon dioxide and hydrogen sulfide removal services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.

Today's Range

Now: $15.67

$15.52

$15.67

50 Day Range

MA: $15.74

$15.08

$16.25

2 Week Range

Now: $15.67

$12.31

$16.40

Volume

7,126,861 shs

Average Volume

11,676,234 shs

Market Capitalization

$52.81 billion

P/E Ratio

14.38

Dividend Yield

8.17%

Beta

1.63

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