secwatch.observer — SEC 8-K summary
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Issuer:     Energy Transfer LP (ET)
CIK:        0001276187
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001276187-25-000116
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Transfer Q3 net income $1.02B, adjusted EBITDA $3.84B; guidance slightly below prior range
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- Net income attributable to partners $1.02B ($0.28 per unit) vs $1.18B a year ago; adjusted EBITDA $3.84B vs $3.96B.
- Record volumes: NGL and refined products terminal up 10%, NGL transportation up 11%, NGL exports up 13%.
- Quarterly distribution raised >3% to $0.3325/unit; 2025 growth capex ~$4.6B; 2026 capex plan ~$5B.
- Now expects adjusted EBITDA to be slightly below prior guidance range of $16.1B–$16.5B.
- Secured long-term gas supply agreements with Oracle (~900 MMcf/d) and Entergy Louisiana (250,000 MMBtu/d).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276187/000127618725000116/0001276187-25-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276187/000127618725000116/et-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001276187-25-000116

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