Strong Volume Records
Energy Transfer saw several volume records during the quarter, including midstream gathering, NGL transportation, terminal volumes, and NGL export volumes, indicating robust operational performance.
NGL and Refined Products Growth
Adjusted EBITDA for the NGL and refined products segment was $1.1 billion, up from $1 billion in the third quarter of last year due to higher throughput across Gulf Coast and Mariner East pipeline operations.
Growing Demand for Natural Gas Services
Energy Transfer announced the Desert Southwest and Hugh Brinson Pipeline projects, with the former fully contracted for 1.5 Bcf/day and potential for increased capacity due to high demand.
Data Center Expansion
Multiple agreements were signed to supply natural gas to U.S. data centers, including Oracle, highlighting growth in data center energy demand.