Energy Transfer (ET) Midstream Volumes Gathered

Tracks the amount of oil and gas gathered from production sites, reflecting the company's capacity to handle and process energy resources, a key factor in its growth and profitability.

Volumes show a clear step-up since 2022 and have pushed to new highs into 2026, giving Energy Transfer the physical growth needed to justify higher capex and the raised EBITDA outlook. However, management flagged that some recent upside was optimization- and weather-driven and midstream EBITDA was down year-over-year, so rising volumes haven’t translated into guaranteed margin expansion. The pipeline of large, long‑term projects should sustain volume momentum, but execution, regulatory timing and near‑term hedge offsets remain key risks to watch.