Energy Transfer LP (ET) Q3 2025 TL;DR
For the nine months ended September 30, 2025, ET reported Consolidated Adjusted EBITDA of $11.802 billion, a 2% year-over-year increase, despite total revenues declining to $60.22 billion. Net Income attributable to partners decreased to $3.505 billion (from $3.737 billion in 2024), primarily due to the absence of a $598 million asset sale gain recorded last year and higher net interest expense. Consequently, Basic Income Per Common Unit fell to $0.96 (from $1.00).
Strategic Activity & Acquisitions: ET executed aggressive expansion, hi
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