Energy Transfer LP Q4 2025 Earnings Call Summary

Achieved record partnership adjusted EBITDA of nearly $16 billion for 2025, driven by record volumes across interstate midstream, NGL, and crude segments. Strategic focus on the 'crown jewel' Hugh Brinson pipeline provides bidirectional flexibility to move 2.2 Bcf per day West-to-East and 1 Bcf per day East-to-West, effectively linking Texas supply to high-demand markets. Capitalized on the convergence of energy and technology infrastructure by utilizing pipeline corridors that align with fiber optic ...