
ET · NYSE
Energy Transfer LP is a midstream energy partnership that transports, gathers, processes, stores, and exports hydrocarbons. It earns primarily fee-based revenue from infrastructure and contracts, with operating exposure to NGL gathering and export, crude activity, and processing capacity in the Permian Basin. Its customers include energy producers and other participants that use transportation, processing, and export infrastructure, although the supplied material does not quantify customer or segment contributions. Energy Transfer reported $85.5 billion of FY2025 revenue and $4.4 billion of net income, compared with $82.7 billion and $4.8 billion, respectively, in FY2024. It has increased its cash distribution for 19 consecutive quarters.
ET rose 13 cents, or 0.64%, from $20.20 to $20.33 over the week. The units were flat through July 29, edged up to $20.24 on July 30, and reached $20.36 on July 31 before giving back most of that gain to $20.28 on August 3. They recovered modestly to $20.33 on August 4, when the company’s second-quarter results provided the principal company-specific catalyst. Energy Transfer beat estimates as record NGL volumes and stronger crude activity drove growth, and it raised its 2026 EBITDA outlook. Expectations ahead of the release also cited fee-based contracts, NGL exports, and expanding Permian processing capacity. No broader market driver is identified in the supplied evidence.