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ENERGY TRANSFER Energy Transfer Reports Third Quarter 2021 Results November 3 , 2021 DALLAS -- ( BUSINESS WIRE ) -- Nov . 3 , 2021-- Energy Transfer LP ( NYSE : ET ) ( “ ET " or the " Partnership " ) today reported financial results for the quarter ended September 30 , 2021 . ET reported net income attributable to partners for the three months ended September 30 , 2021 of $ 635 million , an increase of $ 1.29 billion compared to the same period the previous year . For the three months ended September 30 , 2021 , net income per limited partner unit ( basic and diluted ) was $ 0.20 per unit . Adjusted EBITDA for the three months ended September 30 , 2021 was $ 2.58 billion compared to $ 2.87 billion for the three months ended September 30 , 2020. The third quarter of 2020 benefited from approximately $ 300 million of one - time items and gains from optimization activities that did not re - occur in the current period . Distributable Cash Flow attributable to partners , as adjusted , for the three months ended September 30 , 2021 was $ 1.31 billion compared to $ 1.69 billion for the three months ended September 30 , 2020. The decrease was primarily driven by the decrease in Adjusted EBITDA discussed above . Key accomplishments and current developments : Operational • In the third quarter of 2021 , ET reached a new record for NGL transportation and fractionation volumes , as well as for NGL and refined product terminal volumes . • ET recently completed its Permian Bridge project , which provides increased connectivity and efficiency between ET's natural gas gathering and processing assets in the Delaware Basin and its assets in the Midland Basin . • ET has also commissioned the next phase of the Mariner East Pipeline Project ( ME2X ) . Strategic • In September 2021 , ET's patented Dual Drive Technologies natural gas compression system received a GPA Midstream Environmental Excellence Award for its impact on reducing CO2 emissions . • In September 2021 , ET entered into its second major solar energy power purchase arrangement . The agreement is for 120 megawatts of electricity from the Eiffel Solar project in Northeast Texas . • During the third quarter , ET signed a memorandum of understanding with the Republic of Panama to study the feasibility of a proposed Trans - Panama Gateway LPG pipeline and is reviewing the potential creation of a new strategically located NGL hub in Panama . • ET and Enable Midstream Partners , LP continue to work toward obtaining Hart - Scott - Rodino Act clearance for their previously announced merger . ET continues to expect the transaction to close in the fourth quarter of 2021 . Financial ● During the third quarter of 2021 , the Partnership reduced outstanding debt by approximately $ 800 million , utilizing cash from operations . Year - to - date in 2021 , ET has reduced its long - term debt by approximately $ 6.0 billion . • As of September 30 , 2021 , the Partnership's $ 6.00 billion revolving credit facilities had an aggregate $ 5.37 billion of available capacity , and the leverage ratio , as defined by the credit agreement , was 3.15x . • For the three months ended September 30 , 2021 , the Partnership invested approximately $ 362 million on growth capital expenditures . • In October 2021 , ET announced a quarterly distribution of $ 0.1525 per unit ( $ 0.61 annualized ) on ET common units for the quarter ended September 30 , 2021 . • For full year of 2021 , ET expects its adjusted EBITDA to be $ 12.9 billion to $ 13.3 billion and its growth capital expenditures to be approximately $ 1.6 billion . 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 September 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 , Wednesday , November 3 , 2021 to discuss its third 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