Energy Transfer's Q2 Earnings: Strong Gas Project Backlog and Midstream Growth
ByAinvest
Friday, Aug 8, 2025 11:50 am ET1min read
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Operational highlights included continued growth in various transportation volumes, with interstate natural gas transportation volumes up 11%, midstream gathered volumes up 10%, and crude oil transportation volumes up 9%. Additionally, the company placed several new processing plants into service, including the Lenorah II Processing plant in the Midland Basin and the Badger Processing Plant in the Delaware Basin [1].
Strategic highlights included the announcement of a 1.5 Bcf/d expansion of the Transwestern Pipeline, which will connect the Permian Basin with markets in Arizona, New Mexico, and Texas. The project is expected to cost approximately $5.3 billion and is supported by significant, long-term commitments with investment-grade counterparties [1].
Energy Transfer also announced that its growth capital expenditures for 2025 are expected to reach $5 billion, with half focused on natural gas projects. The company's pipeline backlog includes the $5.3 billion Desert Southwest pipeline, which will connect the Permian Basin to Phoenix, Arizona [1].
The partnership units of Energy Transfer are currently trading at a 16% discount to the fair value estimate, down 16% from their recent peak [1].
References:
[1] https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-reports-second-quarter-2025-results
LUV--
Energy Transfer's Q2 earnings show $3.87 bln of adjusted EBITDA, mostly flat from the year-ago quarter. The company's growth projects in 2025 are expected to reach $5 bln, with half focused on natural gas. Energy Transfer's pipeline backlog includes the $5.3 bln Desert Southwest pipeline, which will connect the Permian Basin to Phoenix, Arizona. The partnership units are down 16% from their recent peak and trade at a 16% discount to the fair value estimate.
Energy Transfer LP (NYSE: ET) released its financial results for the second quarter of 2025, showing an adjusted EBITDA of $3.87 billion, a figure that was largely flat compared to the same period in 2024. The company reported a net income attributable to partners of $1.16 billion for the quarter ended June 30, 2025, down from $1.31 billion in the year-ago quarter [1].Operational highlights included continued growth in various transportation volumes, with interstate natural gas transportation volumes up 11%, midstream gathered volumes up 10%, and crude oil transportation volumes up 9%. Additionally, the company placed several new processing plants into service, including the Lenorah II Processing plant in the Midland Basin and the Badger Processing Plant in the Delaware Basin [1].
Strategic highlights included the announcement of a 1.5 Bcf/d expansion of the Transwestern Pipeline, which will connect the Permian Basin with markets in Arizona, New Mexico, and Texas. The project is expected to cost approximately $5.3 billion and is supported by significant, long-term commitments with investment-grade counterparties [1].
Energy Transfer also announced that its growth capital expenditures for 2025 are expected to reach $5 billion, with half focused on natural gas projects. The company's pipeline backlog includes the $5.3 billion Desert Southwest pipeline, which will connect the Permian Basin to Phoenix, Arizona [1].
The partnership units of Energy Transfer are currently trading at a 16% discount to the fair value estimate, down 16% from their recent peak [1].
References:
[1] https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-reports-second-quarter-2025-results

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