Energy Transfer expands gas supply contracts and improves financial results
Energy Transfer LP reported stronger earnings, with adjusted EBITDA up 31% YoY and distributable cash flow up 32%, alongside growth in NGL volumes. It noted increased long-term demand for natural gas tied to Texas power and data-center projects, including customers adding 100 MMcf/d to existing contracts. The Hugh Brinson Pipeline is online ahead of schedule, with phase 1 capacity expected by September 1, though hedge fund stake value dipped slightly.