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Frequently Asked Questions
Energy Transfer is one of the largest and most diversified midstream energy companies in the country with more than 90,000 miles of pipelines traversing 38 states transporting the oil and gas products that make our lives possible.How did energy transfer perform in the first quarter?
Energy Transfer operates over 90,000 miles (145,000 kilometers) of pipelines and related infrastructure spanning 38 states and Canada. The company posted a record quarterly net income of $3.29 billion in the first quarter, far exceeding the $820.5 million average of analysts’ estimates compiled by Bloomberg.How much did energy transfer raise its earnings guidance?
Energy Transfer raised its full-year earnings guidance to as much as $13.3 billion, from up to $11 billion previously. The stock jumped as much as 4.9% in after-hours trading. The company joins a growing list of gas market players who reaped windfalls totaling almost $5 billion amid the chaos of the storm.Will energy transfer build the next Permian pipeline?
Analysts at Mizuho said Energy Transfer likely squeezed past Kinder Morgan into the lead position to build the next Permian pipeline since Energy Transfer's project could add around 1.5-2.0 billion cubic feet per day (bcfd) of transport capacity with only around 260 miles (418-kilometer) of new pipe.