Energy Transfer’s Growth Prospects Brighten for Second Half of 2025

Energy Transfer (ET -1.36%) languished in the first half of 2025, with its unit price sliding nearly 10% amid a dearth of major acquisitions or growth projects. The midstream giant's subdued performance contrasts sharply with its 13% EBITDA growth in 2024, fueled by strategic purchases of Crestwood Equity Partners and WTG Midstream.

The MLP's $5 billion capital project pipeline promises to reignite growth. Key infrastructure expansions—including the Nederland Flexport NGL facility and Badger gas processing plant—will come online starting Q3 2025. These developments could accelerate earnings beyond the current 5% projection, potentially reversing the year's bearish trend.

Market watchers anticipate further catalysts, particularly around Energy Transfer's Lake Charles LNG terminal and natural gas supply projects. The company's transitional year may yield late-breaking opportunities as deferred growth initiatives materialize.