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Sectors

Sector Update: Energy Stocks Advance Premarket Thursday

Energy stocks were advancing premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.5% higher.The United States Oil Fund (USO) was up 3.3% and the United States Natural Gas Fund (UNG) was 1.5% lower.Front-month US West Texas Intermediate crude oil was 3.9% higher at $99.83 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.6% to $104.85 per barrel, and natural gas futures were down 1.6% at $2.78 per 1 million British Thermal Units.TotalEnergies (TTE) and its partners plan to invest $10 billion in Angola over the next five years to increase oil output in the country, news outlets reported, citing remarks made by TotalEnergies Chief Executive Patrick Pouyanne at a conference. Shares of TotalEnergies were slightly higher pre-bell.Energy Transfer (ET) is set to become the first major company to switch its primary listing from the New York Stock Exchange to the Texas Stock Exchange, Bloomberg said, citing people familiar with the matter. Energy Transfer stock was up 0.6% premarket.

$ET$TTE$UNG$USO$XLE
Equities

Market Chatter: Energy Transfer set to Switch Primary Listing To TXSE From NYSE

Energy Transfer LP (ET) is set to become the first major company to switch its primary listing from the New York Stock Exchange to the Texas Stock Exchange, Bloomberg said Wednesday, citing people familiar with the matter.The $75 billion pipeline company plans to move its listing as soon as next month, the people said, according to the report.More companies are expected to announce plans to switch to TXSE in the coming weeks, according to the people, the report said.Energy Transfer's executive chairman Kelcy Warren owns a roughly 30% stake in TXSE Group and was one of its earliest investors, alongside BlackRock and Citadel Securities, Bloomberg said, citing a 2025 filing.Energy Transfer did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ET$ICE
Commodities

US Gas Inventories to Stay Above Average as Power Use Hits Record Levels Through 2027, EIA Says

The US Energy Information Administration expects ample natural gas supplies, record electricity consumption and declining coal output to shape US energy markets through 2027, according to its September Short-Term Energy Outlook on Wednesday.US working natural gas inventories should reach 3,969 billion cubic feet on Oct. 31, 2026, 5% above the five-year average and 1% above October 2025 levels.Regional inventories will enter the November-March withdrawal season at varying levels, with the Mountain region 21% above its five-year average, followed by the Pacific at 10%, Midwest at 6%, and South Central at 4%.East-region inventories should sit near the five-year average, after starting the injection season 11% below that benchmark following heavy winter withdrawals due to colder-than-normal weather.Slower regional production growth has limited East inventory gains, even as Appalachian natural gas output remains near record highs and grows more slowly than production in other regions.US marketed natural gas production should increase by 4.5 Bcf per day in 2026 and 4.6 Bcf/d in 2027, with the Permian and Haynesville regions contributing more than 70% of the growth.Permian output should rise 1.7 Bcf/d in 2026 and 2.2 Bcf/d in 2027, as higher natural gas-to-oil ratios and new pipeline capacity support production growth.The Permian's natural gas-to-oil ratio averaged nearly 4,200 cubic feet per barrel in 2025, 15% above 2021, while Energy Transfer's (ET) Hugh Brinson pipeline began interstate shipments in June.Haynesville production should increase 1.4 Bcf/d in 2026 and 1.3 Bcf/d in 2027, while Appalachian output should rise about 0.6 Bcf/d and 0.3 Bcf/d, respectively.EIA forecasts the Henry Hub natural gas spot price will ease to $3.43 per million British thermal units in 2026 and $3.28/MMBtu in 2027, down from $3.53/MMBtu in 2025, as robust production growth outpaces rising demand.The US should see record electricity consumption as data centers and manufacturing drive demand, with sales expected to increase nearly 2% to 4,135 billion kilowatt-hours in 2026 and another almost 2% to 4,211 billion kWh in 2027.Commercial electricity sales should grow 3.3% in 2026 and 2.7% in 2027, accounting for 63% and 56% of annual sales growth, while industrial sales should rise 1.6% and 2.6%.Despite Texas pausing new data-center grid connections for a regulatory audit, the West South Central region should generate nearly 20% of nationwide sales growth in 2026 and nearly 40% in 2027.EIA forecasts natural gas generation to increase 2% in 2026 and 1% in 2027, while coal generation is expected to decline 8% and 6%, respectively.Solar generation should climb 21% in 2026 and 18% in 2027, while wind generation should increase 7% and 5%, respectively, as new utility-scale capacity expands.The PJM interconnection should account for nearly 45% of US generation growth, with natural gas leading in 2026 and natural gas, coal, and wind supporting gains in 2027.Electric Reliability Council of Texas should add 18 billion kWh of solar generation in 2026 and 20 billion kWh in 2027, while Midcontinent Independent System Operator should add 13 billion kWh and 11 billion kWh, respectively.US coal production should decline to 516 million short tons in 2026 from 528 MMst in 2025, then fall to 497 MMst in 2027 as power-sector demand weakens.The Western region, which supplies about half of US coal, should cut output by 4% in 2026 and another 5% in 2027, reaching 260 MMst.Appalachian coal production should remain relatively flat in 2026 before declining about 2% in 2027, while Interior output should hold near 2025 levels in 2026 before falling about 5% to 79 MMst in 2027.Although coal exports should increase from 2025 levels, domestic power-sector demand should fall 8% in 2026 and 6% in 2027 as natural gas and renewable generation expand in the Northwest and MISO regions.Price: $21.72, Change: $+0.20, Percent Change: +0.95%

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Commodities

US Natural Gas Update: Futures Fall as Permian Pipeline Adds to Ample Supply

US natural gas futures fell in midday trade on Tuesday, despite bad weather on the US Gulf Coast, as robust production kept an already amply supplied market balanced.Both the front-month Henry Hub contract and the continuous contract fell 0.95% to $2.909 per million British thermal units.The decline came even as Tropical Storm Edouard was poised to strengthen significantly before reaching the northwestern Gulf Coast on Tuesday, potentially becoming a hurricane, the National Hurricane Center said.Tropical storm warnings and a hurricane watch were in effect along the Texas and Louisiana coasts near the state line.Edouard was expected to produce rainfall totals of 3 to 6 inches, with maximum totals of up to 9 inches in parts of the Upper Texas Coast and inland through east-central Texas. Louisiana could receive 2 to 4 inches of rain, ABC News reported.A meaningful portion of the price decline was tied to Energy Transfer's (ET) Hugh Brinson Pipeline reaching full Phase I capacity on Tuesday, Gelber & Associates said."The new system adds 1.5 Bcf/d of Permian takeaway capacity, relieving constraints around Waha and allowing more West Texas supply to reach demand centers and downstream markets across Texas. That increase in deliverability is being treated as an immediate loosening of the broader supply picture," it said in a Tuesday note.Trading Economics said average output in the Lower 48 states reached about 111.5 billion cubic feet per day in August, surpassing July's record of 110.7 Bcf/d and Canadian imports were flowing at 6.3 Bcf/d.In the export market, LNG feedgas demand was pegged at 19.4 Bcf/d, although the market was increasingly looking beyond the current balance toward an expected slowdown in mid-September, Gelber & Associates said.The US Energy Information Administration said on Tuesday that US LNG exports averaged 17.4 Bcf/d during the first half of 2026, up 23% from the same period a year earlier, driven by capacity expansions.It forecasts LNG exports will average 17.3 Bcf/d in the second half of 2026 and rise further to 18.7 Bcf/d in the first half of 2027.Price: $21.56, Change: $+0.05, Percent Change: +0.23%

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Sectors

Sector Update: Energy Stocks Fall Tuesday Afternoon

Energy stocks fell Tuesday afternoon, with the NYSE Energy Sector Index down 1% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.9%.The Philadelphia Oil Service Sector Index was down 0.4%, and the Dow Jones US Utilities Index added 0.4%.In geopolitical news, Iran pledged to fight back against expanded US sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks, Reuters reported. Hours after the US sanctioned dozens of Chinese entities and threatened to target an unspecified "major financial institution" for its dealings with Tehran, Beijing responded by saying its relationship with Iran "should not be disrupted or undermined," Bloomberg reported. China will take "all necessary measures" to safeguard its interests, Foreign Ministry spokesperson Lin Jian was cited as saying.Front-month West Texas Intermediate crude oil fell 3.2% to $82.32 a barrel, and the global benchmark Brent crude contract dropped 4% to $88.49 a barrel. Henry Hub natural gas futures shed 0.7% to $2.76 per 1 million BTU.In corporate news, Shell (SHEL) shares were down 0.6%. The company put its Aphrodite offshore gas project in Trinidad and Tobago on hold following commercial disagreements with the country's National Gas Co., Reuters reported.Equinor (EQNR) plans to boost production outside Norway to 950,000 barrels of oil equivalent per day (boepd) by 2030, while generating $20 billion of free cash flow from 2026 to 2030, said the oil giant's Executive Vice President Philippe Mathieu on Tuesday. Equinor's production outside Norway was 750,000 boepd in Q2, up more than 10% in two years, despite exits from positions in Azerbaijan and Nigeria. Separately, Equinor sees its long-delayed Tanzania liquefied natural gas project as more attractive amid disruptions to energy flows through the Strait of Hormuz, Reuters reported Tuesday, citing the company. The $42 billion project could provide Asian customers with an alternative source of natural gas that is less exposed to Middle East geopolitical risks, the report said. Equinor shares were shedding 2.3%.Energy Transfer (ET) was Smart Insider's stock pick of the week after Chair Kelcy Warren and Director James Perry bought company shares. Energy Transfer shares were fractionally lower.

$EQNR$ET$SHEL
Wire

Energy Transfer Pick of the Week at Smart Insider Following Chair, Director Share Purchases

Energy Transfer (ET) was Smart Insider's stock pick of the week after Chair Kelcy Warren and Director James Perry bought company shares.Warren, who has served as chair since January 2021, bought 1 million shares at $21.26 apiece on Aug. 19, Smart Insider said in a Tuesday note.The purchase lifted his holding to 308.4 million shares, or about 9% of the company, and marked his first purchase since November 2025, according to the note.The latest purchase was made at the highest price Warren has paid for shares since 2015, according to Smart Insider.The firm said it ranked Energy Transfer +N, or notable & positive signal, 10 days ago after Perry bought $250,000 of shares at $20.23. Perry, a director since 2020, has made two prior purchases, including one at $13.50 in November 2023, both of which were "timely", Smart Insider said.Smart Insider upgraded Energy Transfer to +1, indicating a strong positive signal.Price: $20.98, Change: $-0.11, Percent Change: -0.50%

$ET
Commodities

China's Ethane Dependence Deepens as Panama Canal Risks Grow, Vortexa Says

China's share of global seaborne ethane imports reached 74% in July, highlighting growing concentration in a trade dominated by US supply and increasingly reliant on the Panama Canal, Vortexa analyst Zhuoyi Liu said in a Friday note.Global seaborne ethane imports averaged about 760,000 barrels per day in July, with China taking about 560,000 b/d.On a rolling 12-month basis, China's share rose to about 70% at end-July, from 58% a year earlier and 46% in 2022.The US accounted for about 99% of global seaborne ethane exports in January-July, averaging roughly 670,000 b/d.Almost all shipments originated from four terminals, Enterprise Product Partners' (EPD) Morgan's Point and Neches River, and Energy Transfer's (ET) Nederland and Marcus Hook.Flexible terminals can switch between ethane and LPG depending on economics.In April, ethane's share of combined NGL sendout at three such terminals fell to about 20% from 32% in March as stronger LPG demand redirected capacity.China's import infrastructure is also becoming more concentrated, although new terminals are adding diversity.Zhejiang Satellite's Lianyungang terminal handled about 215,000 b/d in January-July, or 45% of Chinese imports, while Wanhua's Yantai terminal took about 100,000 b/d.Yantai volumes nearly tripled from 2025 as its No. 1 cracker shifted from propane to ethane.A new Nangang terminal serving Sinopec's Tianjin ethylene project also received about 36,000 b/d.The concentration creates vulnerabilities. About 90% of 98 laden US-to-China ethane voyages in January-July transited the Panama Canal.Canal disruptions in 2023-24 and again in April 2026 forced some vessels to reroute around the Cape of Good Hope, contributing to weaker Chinese arrivals.China's dependence is likely to deepen before INEOS Project ONE in Antwerp starts operations in the second half of 2027. The project is designed to consume about 90,000 b/d of ethane.Meanwhile, the Panama risk could rise with weather conditions.National Oceanic and Atmospheric Administration forecasts an 81% probability of a very strong El Nino in October-December 2026, while Gatun Lake levels are expected to decline through autumn.Price: $38.34, Change: $-0.56, Percent Change: -1.45%

$EPD$ET
Commodities

Correction: Energy Transfer's Green Chile Pipeline Delayed to February 2027

(Corrects the headline and paragraphs 1-4 to reflect that the pipeline project has been delayed.)Energy Transfer's (ET) Green Chile Project pipeline, a key New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed by almost six months and is now expected to enter service next year, according to regulatory filings on Friday.The Green Chile Project pipeline now has an estimated in-service date of Feb. 1, 2027, pushing past its earlier targeted date of Aug. 15, 2026, pipeline operator Energy Transfer's subsidiary, Transwestern Pipeline Company, said in the filing.The revised timeline was disclosed in Transwestern's response to a Federal Energy Regulatory Commission data request, which also updated the project's cost figures to reflect actual expenditures through June 2026.The filing does not specify a cause for the delay but shows that construction activity has been underway since April 2026, with the company now estimating expenditures through the project's revised in-service date next year.The Green Chile Project in New Mexico would enable Transwestern to provide up to 400,000 dekatherms per day of new firm transportation capacity to serve the AI data center, the company said in its response to a FERC data request dated Aug. 11.Transwestern initially filed a prior notice request with FERC on Jan. 29 seeking authorization under the Natural Gas Act and its blanket certificate to construct, install, own, maintain and operate the project facilities.

$ET$ORCL
Commodities

US Natural Gas Update: Prices Fall on Supply Concerns

US natural gas prices reversed earlier gains in after-hours trading to finish lower on Friday, as ample supplies outweighed bullish sentiment sparked by forecasts for hotter weather in the second half of August.The front-month Henry Hub contract and the continuous contract both fell 0.44% to $2.715 per million British thermal units.Lingering heat across Texas and the Southeast is expected to keep cooling demand elevated through the second half of August, but the strongest temperature anomalies are increasingly shifting away from major population centers in the Midwest and Northeast, according to Pinebrook Energy Advisors' Guide.Aegis Hedging said the Midcontinent Independent System Operator issued a hot-weather alert for its South Region, covering southeastern Texas, Louisiana and parts of Arkansas and Mississippi. The advisory is effective through Aug. 16.Any increase in demand from the southern US, however, is expected to be readily met as supplies remain robust.The US Energy Information Administration said on Thursday that natural gas storage inventories had risen to their highest level in 10 years, nearly 200 billion cubic feet, or 6.7%, above the five-year seasonal average following a larger-than-expected 36 Bcf weekly injection.Domestic production has also shown renewed signs of growth, with recent daily estimates approaching 113 Bcf/d.Energy Transfer (ET) recently said it expects its Hugh Brinson pipeline to operate at full capacity of 1.5 Bcf/d by September, allowing more gas to flow from the Permian Basin to the Henry Hub in Louisiana.With production strengthening and inventories well above seasonal norms, the natural gas market is expected to remain well supplied as the summer cooling season winds down.Estimated gas flows to US LNG export terminals were around 18.1 Bcf/d on Friday, down 0.9% from the prior week, BNEF said.A total of 31 LNG carriers departed US ports during the week, down four from the prior week, with combined capacity of 119 Bcf, down 16 Bcf from the previous week, the EIA reported.G&A said LNG feedgas demand is forecast at around 19.9 Bcf/d on Saturday and above 20 Bcf/d through much of the two-week outlook, although scheduled pipeline maintenance at Corpus Christi could briefly interrupt that ramp-up next week.

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Sectors

Sector Update: Energy Stocks Rise Friday

Energy stocks rose Friday with the NYSE Energy Sector Index gaining 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index climbed 2.6%, and the Dow Jones US Utilities Index advanced 0.3%.West Texas Intermediate crude oil rose 1.4% to $82.41 a barrel, and global benchmark Brent advanced 1.7% to $88.53 a barrel. Henry Hub natural gas futures eased 0.3% to $2.72 per 1 million BTU.Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked at the chokepoint, Reuters reported. Abu Dhabi's national oil company said its vessels were attacked Thursday evening, and that the government of the United Arab Emirates blamed Iran, which made no immediate comment, the report said.In corporate news, Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg reported. Energy Transfer shares rose 1.4%.Phillips 66 (PSX) and Marathon Petroleum (MPC) held discussions earlier this year over a potential combination that would have created a company valued at $180 billion, Semafor reported. Phillips 66 shares rose 0.4%, and Marathon fell 0.3%.Shell (SHEL) lost a legal battle with environmental activists over an oil exploration campaign off South Africa's Wild Coast, Bloomberg reported. Shell shares rose 1.5%.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported. Diversified Energy shares rose 1.1%.

$DEC$ET$MPC$PSX$SHEL
Wire

Update: Market Chatter: Energy Transfer's Green Chile Pipeline Delayed to February 2027

(Updates to add company's comment in third paragraph)Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle Corp. (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg News reported Friday.The pipeline, operated by Energy Transfer subsidiary Transwestern Pipeline, had earlier targeted an Aug. 15 in-service date but revised it to Feb. 1, 2027, the report said, citing a regulatory filing."Project Jupiter remains on schedule, and we continue to work closely with our partners to move the project forward," said Oracle's spokesperson.Energy Transfer did not immediately respond to request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.02, Change: $+0.25, Percent Change: +1.23%

$ET$ORCL
Sectors

Sector Update: Energy

Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 2.8%, and the Dow Jones US Utilities Index was up 0.6%.Front-month West Texas Intermediate crude oil rose 1.4% to $82.41 a barrel, and the global benchmark Brent crude contract advanced 1.7% to $88.53 a barrel. Henry Hub natural gas futures slid 0.2% to $2.72 per 1 million BTU.In corporate news, Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg reported. Energy Transfer shares were up 1.6%.

$ET
Wire

Market Chatter: Energy Transfer's Green Chile Pipeline Delayed to February 2027

Energy Transfer's (ET) Green Chile Project pipeline, a New Mexico natural gas project that would supply power-generation systems for a planned Oracle Corp. (ORCL) data center, has been delayed and is now expected to enter service next year, Bloomberg News reported Friday.The pipeline, operated by Energy Transfer subsidiary Transwestern Pipeline, had earlier targeted an Aug. 15 in-service date but revised it to Feb. 1, 2027, the report said, citing a regulatory filing.Energy Transfer and Oracle did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $21.04, Change: $+0.28, Percent Change: +1.35%

$ET$ORCL
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was climbing 3.5%, and the Dow Jones US Utilities Index was shedding 0.6%.The US and Iran could reach a deal Tuesday or Wednesday to reopen the Strait of Hormuz for commercial ships, Treasury Secretary Scott Bessent said Tuesday in an interview with CNBC.Front-month West Texas Intermediate crude oil fell 5.7% to $75.74 a barrel, and the global benchmark Brent crude contract dropped 5.2% to $79.39 a barrel. Henry Hub natural gas futures declined 3.8% to $2.68 per 1 million BTU.In corporate news, NRG Energy (NRG) shares fell past 16%. The company reported Q2 adjusted earnings Tuesday of $1.49 per share, down from $1.73 a year earlier. Analysts polled by FactSet expected $1.69.BP (BP) reported Q2 underlying replacement cost profit Tuesday of $2.22 per American depositary share, up from $0.90 a year earlier. Separately, BP said Tuesday it plans to sell its US biogas business Archaea after making progress in strengthening its balance sheet and taking steps to simplify the company. BP shares were down 3.9%.Energy Transfer (ET) shares were up 0.5% after the company posted higher Q2 earnings and revenue.Duke Energy (DUK) reported Q2 adjusted earnings Tuesday of $1.43 per share, up from $1.25 a year earlier. Analysts polled by FactSet expected $1.30. Duke shares rose 0.1%.

$BP$DUK$ET$NRG
Sectors

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks declined Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The Philadelphia Oil Service Sector Index was climbing 3.6%, and the Dow Jones US Utilities Index was shedding 0.6%.The US and Iran could reach a deal Tuesday or Wednesday to reopen the Strait of Hormuz for commercial ships, Treasury Secretary Scott Bessent said Tuesday in an interview with CNBC.Front-month West Texas Intermediate crude oil fell 5.5% to $75.92 a barrel, and the global benchmark Brent crude contract dropped 5.2% to $79.40 a barrel. Henry Hub natural gas futures declined 3.8% to $2.68 per 1 million BTU.In corporate news, BP (BP) reported Q2 underlying replacement cost profit Tuesday of $2.22 per American depositary share, up from $0.90 a year earlier. Separately, BP said Tuesday it plans to sell its US biogas business Archaea after making progress in strengthening its balance sheet and taking steps to simplify the company. BP shares were down 3.7%.Energy Transfer (ET) shares were up more than 1% after the company posted higher Q2 earnings and revenue.Duke Energy (DUK) reported Q2 adjusted earnings Tuesday of $1.43 per share, up from $1.25 a year earlier. Analysts polled by FactSet expected $1.30. Duke shares rose 0.2%.

$BP$DUK$ET
Commodities

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

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%

$ET
Sectors

Sector Update: Energy Stocks Decline Pre-Bell Tuesday

Energy stocks were declining pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 1.3%.The United States Oil Fund (USO) was down 3.1% and the United States Natural Gas Fund (UNG) was 3% lower.Front-month US West Texas Intermediate crude oil was 3.5% lower at $77.57 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.8% to $81.39 per barrel, and natural gas futures were down 3.1% at $2.69 per 1 million British Thermal Units.Energy Transfer (ET) shares were up more than 1% after the company posted higher Q2 earnings and revenue.Marathon Petroleum (MPC) stock was down more than 1% even after the company reported higher Q2 adjusted earnings and revenue.BP (BP) reported higher Q2 underlying replacement cost profit as sales and other operating revenue increased during the period. BP shares were down 0.6% pre-bell.

$BP$ET$MPC$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday Amid Strait of Hormuz Re-Opening Hopes

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 1.1% higher in Tuesday's premarket activity amid hopes for a re-opening of the Strait of Hormuz after US Treasury Secretary Scott Bessent told CNBC that the US and Iran could reach a deal Tuesday or Wednesday.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 1.1%, and Nasdaq futures gaining 1.1% before the start of regular trading.The US international trade deficit narrowed to $73.26 billion in June from a $77.65 billion gap in May, a slightly larger deficit than the expectations for a $73 billion gap in a survey compiled by Bloomberg as of 7:30 am ET.Factory orders and job openings data for June are due to be released at 10 am ET.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was flat, Ether ETF (EETH) retreated 0.01%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 2.2%, the iShares US Technology ETF (IYW) was 1.9% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 1.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 1.2%, while the iShares Semiconductor ETF (SOXX) rose by 4.4%.Palantir Technologies (PLTR) shares were up more than 15% in Tuesday's premarket activity after multiple analyst price target raises followed the company's Q2 beat.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.6%, while the Vanguard Industrials Index Fund (VIS) was up 0.7% and the iShares US Industrials ETF (IYJ) was 0.8% higher.Caterpillar (CAT) shares were up 11% after the company reported higher Q2 earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.1%, the Vanguard Health Care Index Fund (VHT) advanced marginally by 0.02%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was down 0.3%.IDEXX Laboratories (IDXX) stock was up 4% premarket after the company posted higher Q2 comparable earnings and revenue.EnergyThe iShares US Energy ETF (IYE) gained 1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.8%.Energy Transfer (ET) stock was up more than 4% before market open after the company reported higher Q2 earnings and revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) declined by 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% higher.TOP Financial (TOP) shares were up 4% in early hours activity after the company said its board has approved a plan to integrate artificial intelligence into its online brokerage and financial technology platforms.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.04%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.4% higher.NIKE (NKE) shares were down more than 3% pre-bell after JPMorgan downgraded the company's stock to underweight from neutral and cut its price target to $40 from $47.CommoditiesFront-month US West Texas Intermediate crude oil fell by 2.8% to $78.07 per barrel on the New York Mercantile Exchange. Natural gas was down 3% at $2.70 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 2.7%, while the United States Natural Gas Fund (UNG) was 2.3% lower.Gold futures for November advanced by 0.7% to $4,119.50 an ounce on the Comex. Silver futures gained by 2.7% to reach $59.41 an ounce. SPDR Gold Shares (GLD) was up by 0.7%, and the iShares Silver Trust (SLV) was 3% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CAT$EEM$EETH$ET$EXI$FAS$FAZ$GLD$IBB$IDXX$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NKE$PLTR$PMR$QQQ$RTH$SLV$SOXX$SPY$TOP$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Energy

Energy stocks were declining pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 1.1%.The United States Oil Fund (USO) was down 2.9% and the United States Natural Gas Fund (UNG) was 2.7% lower.Front-month US West Texas Intermediate crude oil was 3.2% lower at $77.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.5% to $81.57 per barrel, and natural gas futures were down 3% at $2.87 per 1 million British Thermal Units.Energy Transfer (ET) shares were up nearly 2% after the company posted higher Q2 earnings and revenue.

$ET
Equities

Energy Transfer Q2 Earnings, Revenue Rise

Energy Transfer LP (ET) reported Q2 earnings Tuesday of $0.59 per diluted unit, up from $0.32 a year earlier.Three analysts surveyed by FactSet expected $0.35.Revenue for the quarter ended June 30 was $34.33 billion, up from $19.24 billion a year earlier.Analysts expected $27.71 billion.Shares of the company were up 2% in Tuesday premarket activity.

$ET

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