Energy Transfer: Gathering Steam In The Permian
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Energy Transfer (ET) continues its strong performance in Q3 with record volumes and improved EBITDA margins. The company is focusing on expanding its operations in the Permian basin, with plans to increase gathering and processing capacity by 25% by the end of 2025. The acquisition of WTG Midstream will further enhance ET's presence in the Midland basin, increasing gathering capacity by 40% and being accretive to EBITDA.
November 11, 2024 | 4:00 pm
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Energy Transfer is expanding its operations in the Permian basin, with plans to increase capacity by 25% by 2025. The acquisition of WTG Midstream will further boost capacity and EBITDA.
The article highlights Energy Transfer's strategic focus on the Permian basin, with significant capacity expansions and the acquisition of WTG Midstream. These developments are expected to positively impact ET's EBITDA and overall performance, making it a key focus for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100