Energy Transfer(US:ET)2021-11-04 09:16Financial Performance - Adjusted EBITDA for Q3 2021 was $2.6 billion[8] - Distributable Cash Flow (DCF) for Q3 2021 was $1.3 billion[8] - Excess cash flow after distributions was approximately $900 million[8] - Debt repayment YTD 2021 was approximately $6 billion[8] Operational Highlights - NGL transportation and fractionation volumes, as well as NGL and Refined Products terminal volumes, reached new records during Q3 2021[8] - Mariner East 2X Pipeline was commissioned, increasing current capacity to approximately 260,000 barrels per day[7, 8] - Exported more than 16 million barrels of ethane at Nederland terminal YTD through September 30, 2021[8] - ET's percentage of worldwide NGL exports has nearly doubled over the last 18 months to nearly 20%[9] Strategic Initiatives - Continued belief that the Enable Midstream acquisition will close before the end of 2021[8] - Announced MOU with the Republic of Panama to study the feasibility of jointly developing NGL assets in Panama[8] - Growth Capital Spend YTD'21 was approximately $1.1 billion, with a FY'21E forecast of approximately $1.6 billion[8] - 2022E and 2023E Growth Capital is projected to be approximately $500-700 million per year[14]