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ENERGY TRANSFER Energy Transfer Reports Second Quarter 2021 Results August 3 , 2021 DALLAS -- ( BUSINESS WIRE ) -- Aug . 3 , 2021-- Energy Transfer LP ( NYSE : ET ) ( “ ET " or the " Partnership " ) today reported financial results for the quarter ended June 30 , 2021 . ET reported net income attributable to partners for the three months ended June 30 , 2021 of $ 626 million , an increase of $ 273 million compared to the same period the previous year . For the three months ended June 30 , 2021 , net income per limited partner unit ( basic and diluted ) was $ 0.20 per unit . Adjusted EBITDA for the three months ended June 30 , 2021 was $ 2.62 billion compared to $ 2.44 billion for the three months ended June 30 , 2020 . The increase was largely driven by improved earnings from several of the Partnership's core segments . Distributable Cash Flow attributable to partners , as adjusted , for the three months ended June 30 , 2021 was $ 1.39 billion compared to $ 1.27 billion for the three months ended June 30 , 2020. The increase in distributable cash flow was primarily due to the higher Adjusted EBITDA . Key accomplishments and current developments : Operational • In June 2021 , the Partnership commenced service on its Cushing to Nederland expansion project , which utilizes a crude oil pipeline previously servicing the Permian Basin . The new service provides connectivity to transport crude oil barrels from the Denver - Julesburg Basin and Cushing , Oklahoma to ET's Nederland , Texas terminal . • During the second quarter of 2021 , the Partnership continued to ramp up volumes at its newly expanded Nederland , Texas terminal . As a result , when combined with Energy Transfer's Marcus Hook Terminal on the east coast , ET exported more NGLs than any other company worldwide in the months of May and June . • The Partnership recently commenced work on its Permian Bridge project , which converts existing pipeline assets to connect ET's natural gas gathering and processing assets in the Delaware Basin with Midland Basin assets . Strategic • In May 2021 , ET's acquisition of Enable Midstream Partners , LP ( " Enable " ) , which was announced in February 2021 , was approved by a vote of the Enable unitholders . ET and Enable continue to work toward obtaining Hart - Scott - Rodino Act ( " HSR " ) clearance for the merger . ET continues to expect the transaction to close in the second half of 2021 . • In June 2021 , ET's patented Dual Drive Technologies natural gas compression system was awarded a 2021 GPA Midstream Environmental Excellence Award for its impact on reducing CO2 emissions . • In July 2021 , ET signed a memorandum of understanding with the Republic of Panama to study the feasibility of a proposed Trans - Panama Gateway LPG pipeline and the potential creation of a new strategically located NGL hub . Financial • During the second quarter of 2021 , the Partnership reduced outstanding debt by approximately $ 1.5 billion , utilizing cash from operations and proceeds from its recent $ 900 million Series H preferred unit offering . Year - to - date in 2021 , ET has reduced its long - term debt by approximately $ 5.2 billion . • In May 2021 , two credit rating agencies affirmed ET's investment grade ratings and revised ET's outlook from negative to stable . • As of June 30 , 2021 , the Partnership's $ 6.00 billion revolving credit facilities had an aggregate $ 5.02 billion of available capacity , and the leverage ratio , as defined by the credit agreement , was 3.14x . • For the three months ended June 30 , 2021 , the Partnership invested approximately $ 355 million on growth capital expenditures . • In July 2021 , ET announced a quarterly distribution of $ 0.1525 per unit ( $ 0.61 annualized ) on ET common units for the quarter ended June 30 , 2021 . ET benefits from a portfolio of assets with exceptional product and geographic diversity . The Partnership's multiple segments generate high - quality , balanced earnings with no single segment contributing more than 30 % of the Partnership's consolidated Adjusted EBITDA for the three months ended June 30 , 2021. The vast majority of the Partnership's segment margins are fee - based and therefore have limited commodity price sensitivity . Conference Call information : The Partnership has scheduled a conference call for 3:30 p.m. Central Time , Tuesday , August 3 , 2021 to discuss its second quarter 2021 results and provide a partnership update . The conference call will be broadcast live via an internet webcast , which can be accessed through www.energytransfer.com and will also be available for replay on the Partnership's website for a limited time . Energy Transfer LP ( NYSE : ET ) owns and operates one of the largest and most diversified portfolios of energy assets in the United States , with a