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Energy Transfer's Q3 profits jump as it transports record volumes of crude
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Energy Transfer's Q3 profits jump as it transports record volumes of crude
Nov 9, 2024 11:40 AM

HOUSTON, Nov 6 (Reuters) - Midstream company Energy

Transfer ( ET ) reported higher third quarter profit on

Wednesday as it transported record volumes of crude oil on its

systems.

The Texas-based company reported net income of $1.18 billion

versus $584 million in the third quarter of last year.

The company saw exported crude volumes jump 49% compared

with the same period last year, while crude transportation

volumes were up 25%, hitting a partnership record.

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