HOUSTON, Aug 7 (Reuters) - Energy Transfer ( ET ) on

Wednesday raised its full year profit forecast after the U.S.

pipeline and storage company posted higher second-quarter profit

on the back of strong crude and natural gas liquids (NGL)

transportation volumes.

The Dallas-based company has closed a string of acquisitions

in recent months as it looks to bolster its NGL business and

consolidate on the heels of mergers among its oil and gas

customers.

"We still feel like consolidation's going to occur in the

midstream," said co-CEO Thomas Long.

Energy Transfer ( ET ) said it expects its full-year adjusted

earnings before interest, tax, depreciation and amortization of

between $15.3 billion and $15.5 billion, up from a previous

range of between $15 billion and $15.3 billion.

The company also raised its 2024 growth capital expenditures

by about $200 million to about $3.1 billion, due to its recent

acquisition and new projects, the company said.

Crude oil transportation volumes in the second quarter rose

22.6% to about 6.5 million barrels per day (bpd), while NGL

volumes rose about 4% to about 2.2 million bpd.

The company reported net income attributable to partners of

$1.3 billion, or 35 cents per unit, in the three months ended

June 30, compared with $911 million, or 25 cents per unit, a

year earlier.