Energy Transfer LP (ET) Posts Mixed Results for FQ4 2025, Here’s What You Should Know

Core Insights - Energy Transfer LP (NYSE:ET) reported fiscal Q4 2025 earnings, exceeding revenue estimates by $1.28 billion, but the EPS fell short by $0.11 [1] - Revenue for the quarter increased by 29.57% year-over-year, reaching $25.32 billion, while EPS was reported at $0.25 [1] Revenue and Volume Growth - Despite the EPS miss, the company experienced volume growth in Q4, with NGL and refined product terminal volumes up 12% and NGL transportation volumes increasing by 5% [2] - The volume growth was attributed to strong demand from data centers and power generation, including the initiation of natural gas deliveries to Oracle's data center in Texas [2] - Management highlighted that this marks the beginning of multiple long-term contracts totaling approximately 900 MMcf/d across three facilities [2] Future Guidance - Energy Transfer LP has provided adjusted EBITDA guidance for 2026, estimating it to be between $17.45 billion and $17.85 billion, an increase from the previous range of $17.3 billion to $17.7 billion [3] Company Overview - Energy Transfer LP is a midstream energy company that operates one of the largest portfolios of natural gas, crude oil, and NGL pipelines in the United States, including interstate and intrastate pipelines, storage facilities, fractionation plants, and crude oil terminals [5]