Energy Transfer Says Crude Oil Exports Up 11% in Second Quarter

An increase in adjusted EBITDA in Energy Transfer’s midstream sector was primarily driven by record crude oil transportation throughput and an increase in crude oil exports in the second quarter, the company said on an earnings call Wednesday.

• Crude oil exports were up 11% compared with second quarter of 2023
• Company’s crude oil transportation volumes increased 8%
• Production growth in Permian necessary to increase crude oil takeaway in region, company says

To contact the reporter on this story:
Christopher Charleston in Houston at ccharleston3@bloomberg.net

To contact the editors responsible for this story:
Catherine Traywick at ctraywick@bloomberg.net

Millie Munshi

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