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Energy Transfer to Bolster NGL Capacity as Demand Builds

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Attachment: Energy Transfer 2Q23

August 4, 2023–Researched by Industrial Info Resources (Sugar Land, Texas)–Energy Transfer LP (NYSE:ET) (Dallas, Texas) enjoyed higher transport volumes in most of its businesses in the second quarter, but took a small hit to earnings due to lower natural gas and natural gas liquids (NGL) prices. Regardless, the U.S. midstream company is planning to add capacity across many of its systems, in anticipation of continued demand.

Industrial Info is tracking more than $21.6 billion worth of active and proposed projects from Energy Transfer, more than $17 billion of which is currently slated to begin construction within the next two years. The strength in NGL volumes were attributed, in part, to Energy Transfer’s Nederland and Marcus Hook terminals in Texas and Pennsylvania, respectively, where total NGL exports reached a record in the second quarter. Energy Transfer is seeking permits to expand its ethane export capacity at Marcus Hook, among other expansion proposals.





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