Energy Transfer Is a Diversified Midstream Firm With a Competitive Natural Gas Footprint
Energy Transfer is a diversified midstream firm moving oil, gas, natural gas liquids, and refined products. However, it only excels in a couple of areas, namely natural gas and natural gas liquids. We expect the slowest growth from the crude and NGL segments, as liquids producers have pulled back, while natural gas demand is expected to grow 20%-30% by the end of the decade.