ET Update: Mariner East Loses Some NGLs to Mid-Con, Northern NY

Energy Transfer, a huge pipeline company that builds and maintains Marcellus/Utica pipelines including Rover and the Mariner projects, released its fourth-quarter and full-year 2019 update earlier this week. The company reports making the most profit it has ever made in its 25-year history–$3.6 billion in profit for 2019 (more than triple the $1.1 billion made in 2018). Although ET’s financial performance is impressive, it was comments made during the quarterly conference call with analysts about the Mariner East pipeline project that caught our attention.

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