Energy Transfer Reports Strong Q3 Results and Raises Full-Year EBITDA Forecast
Energy Transfer (ET) reported robust third-quarter financial results, driven by energy market volatility and record gathering volumes. The company's adjusted EBITDA surged 31% year-over-year to $5.03 billion, while distributable cash flow (DCF) increased 33% to $2.52 billion. These strong fundamentals allowed the master limited partnership to raise its quarterly distribution by 3% to $0.3425 per unit. Looking ahead, Energy Transfer is aggressively expanding its infrastructure through significant capital expenditures. The company plans to spend between $5.4 billion and $5.6 billion on growth capex this year, with projections rising to approximately $7 billion in 2027. Major upcoming projects include the Hugh Brinson Pipeline and the Desert Southwest pipeline, which are positioned to capitalize on growing natural gas demand from AI data centers and power plant conversions.
Topics: Energy Sector Financial Performance Midstream Q3 Earnings