Diversified midstream energy company Energy Transfer LP (ET) delivered impressive third-quarter results. Higher volumes across all its core segments and the impact of the recent acquisition of Enable Midstream primarily drove its performance during the quarter.
Given continued strong energy demand, the company raised its full-year 2022 outlook. ET expects adjusted EBITDA to be between $12.60 billion and $12.80 billion, up from the previously guided range of $12.20 billion to $12.60 billion. In addition, ET expects its capital expenditures to be between $1.80 billion and $2.10 billion.
