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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

Mackie McCrea, co-CEO, Energy Transfer We have seen a wide range of estimates for new power demand, and the broad consensus suggest that natural gas fueled power demand will increase significantly in the future. Energy Transfer saw strong crude and NGL exports during the quarter, and increased volumes through our refined products pipelines.

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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was primarily due to higher throughput and higher rates across our Gulf Coast and Mariner East pipeline operations and we also had strong NGL exports and increased profits from the optimization of hedged NGL inventory. Interstate Natural Gas. Adjusted EBITDA was $705 million compared to $674 million for the fourth quarter of 2023.