Energy Transfer Has Another Blowout Quarter

Energy Transfer delivered a strong Q3, beating EBITDA estimates and raising full-year guidance to $19.7–$19.9 billion. Every segment posted gains, with notable strength in NGLs, refined products, and Sunoco EBITDA contributions. Major pipeline projects, including a $1.6B Louisiana-Mississippi build and a $5.6B Arizona pipeline, underpin future growth.