)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Energy Transfer (ET) investor relations material
Energy Transfer Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary6 Aug, 2025
Executive summary
Adjusted EBITDA for Q2 2025 was $3.87B–$3.9B, up year-over-year, with record operational volumes in multiple segments and major new projects and expansions announced.
Net income attributable to partners was $1.16B for Q2 2025, down from $1.31B–$1.99B year-over-year; revenue was $19.24B, down 7%.
Major projects placed in service include Lenorah II and Badger Processing Plants and the Nederland Flexport NGL Export Expansion; announced $5.3B Transwestern/Desert Southwest Pipeline and new LNG agreements.
Distributable cash flow attributable to partners was $1.96B–$2B for Q2 2025.
Quarterly distribution increased to $0.33 per unit, up over 3% year-over-year.
Financial highlights
Adjusted EBITDA for Q2 2025: $3.87B–$3.9B, up from $3.76B–$3.8B in Q2 2024.
Distributable cash flow: $1.96B–$2B for Q2 2025.
Revenue for Q2 2025: $19.24B, down from $20.73B year-over-year.
Growth capital expenditures for the first half of 2025: $2B–$2.74B; maintenance capex: $418M–$500M.
Quarterly cash distribution increased to $0.33 per unit.
Outlook and guidance
2025 growth capital expenditures expected at ~$5B, with nearly half allocated to natural gas projects.
Adjusted EBITDA for 2025 expected at or slightly below the lower end of $16.1B–$16.5B guidance range, revised due to Bakken and dry gas weakness.
Major pipeline and storage projects scheduled for phased completion through 2029.
Major earnings growth expected from Flexport, Permian Processing, NGL transportation, and Hugh Branson/Brinson pipeline projects ramping up in 2026–2027.
Sunoco LP and USAC plan additional capex for 2025, with Sunoco LP at least $400M growth and $150M maintenance.
Explain Transwestern Pipeline expansion rationale.
Assess Lake Charles LNG project's funding structure.
How does ET plan to use available credit?
Detail commercialization of data center gas demand.
Assess Desert Southwest pipeline expansion potential.
Clarify Lake Charles LNG's path to 15 MTPA.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Energy Transfer earnings date
Q3 20255 Nov, 2025
Next Energy Transfer earnings date
Q3 20255 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Transferring Energy
Energy Transfer is an American company that specializes in the transportation of propane, crude oil, and natural gas through a vast network of pipelines across the US. Besides the transportation side of its business, the company also provides storage for the aforementioned products. The company owns and operates pipelines and related infrastructure that stretches for more than 125,000 miles across North America, and Energy Transfer owns a controlling stake in SUNOCO. The company is headquartered in Dallas, Texas, and its shares are traded on the NYSE.
Starting With 200 Miles of Pipelines and 20 Employees
The company was formed in 1996 and initially operated as a small outfit operating out of eastern Texas. However, expansion was rapid, and initially focused solely on natural gas. Over the years, Energy Transfer expanded its portfolio to include extensive assets in pipelines, storage, and transportation, becoming a key figure in the midstream segment of the industry. A significant milestone in its history was the acquisition of Sunoco in 2012, which marked its entry into liquids transportation and retail marketing. Further diversification came with the acquisition of the Lake Charles LNG project in 2014.
SUNOCO
The acquisition of Sunoco in 2012 was a transformative move for Energy Transfer, significantly diversifying its asset portfolio and business operations. It not only provided access to Sunoco's extensive retail network and branded outlets but also enhanced Energy Transfer's logistics capabilities with additional crude oil and refined products pipelines.
The Operations
Energy Transfer operates extensively in the midstream sector of the energy industry, primarily focusing on the transport, storage, and processing of energy resources. The company's operations are diverse, encompassing a vast network of natural gas and crude oil pipelines, stretching across the United States. These pipelines facilitate the efficient and safe transportation of these resources from production sites to refineries, storage facilities, and end markets.
Additionally, Energy Transfer is involved in the storage of natural gas and liquid hydrocarbons, ensuring a stable supply and mitigating market fluctuations. The company also engages in the processing of natural gas, which involves separating valuable components like ethane and propane, used in various industrial and commercial applications. Some companies with a similar focus to Energy Transfer are Kinder Morgan, Plains All American, and The Williams Companies.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage