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Energy Transfer Reports Rise in Q2 Crude Oil Transportation, Terminal volumes

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Energy Transfer (ET), the Texas-based midstream energy company, on Tuesday reported Q2 crude oil transportation volumes of 7.34 million barrels per day, up from 7.05 million b/d in the corresponding quarter a year ago.

For the quarter ended June 30, crude oil terminal volumes stood at 4.91 million b/d, compared with 4.63 million b/d in Q2 2025.

The rise in crude oil transportation volumes was driven by higher volumes on the Texas pipeline system and Permian and Bakken gathering systems, which were partially offset by lower volumes on the company's Mid-continent pipelines.

"Crude oil terminal volumes were higher due to higher customer throughput related to strategic petroleum reserve releases and crude export demand at our Gulf Coast terminals," Energy Transfer said in its earnings statement.

In Q2, volumes of intrastate natural gas transported stood at 13,814 billion British thermal units per day, compared with 14,229 BBtu/d last year. Meanwhile, withdrawals from intrastate storage natural gas inventory stood at 4,020 BBtu for the quarter.

Interstate natural gas transported volumes for Q2 stood at 17,988 BBtu/d, down from 18,153 BBtu/d in the year-ago period, while volumes of interstate natural gas fell to 19 BBtu/d for the three-month period, from 30 BBtu/d last year.

Q2 Midstream gathered volumes were reported at 22,142 BBtu/d, up from 21,329 BBtu/d in Q2 2025.

Volumes of natural gas liquids produced rose to 1.24 million b/d in Q2, compared with 1.18 million b/d in the year-ago period.

In Q2, NGL transportation volumes rose to 2.64 million b/d from 2.33 million b/d last year, while refined products transportation volumes dropped to 574,000 b/d from 599,000 b/d in Q2 2025.

The company reported Q2 NGL and refined products terminal volumes of 1.86 million b/d, rising from 1.55 million b/d last year.

NGL fractionation volumes for the quarter stood at 1.19 million b/d, compared with 1.15 million b/d in the year-ago period.

"NGL transportation, fractionation, and terminal throughput volumes increased due to higher volumes from the Permian region, as well as increased NGL exports," Energy Transfer said.

The Hugh Brinson Pipeline has entered commercial service and is projected to reach its full Phase I capacity of 1.5 Bcf/d by Sept. 1, the company said.

Energy Transfer owns and operates around 140,000 miles of pipeline and associated energy infrastructure in the US, the statement said.

Price: $20.64, Change: $+0.36, Percent Change: +1.78%

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