Marcus Hook Marine Terminal Near Philadelphia. Source: Energy Transfer
Pipeline giant Energy Transfer (ET), owner of the Mariner East Pipeline system, the Marcus Hook NGL terminal, and the Rover pipeline in the Marcellus/Utica region, issued its fourth quarter and full-year 2023 update yesterday. Net income for 4Q23 was $1.57 billion, up 9% from 4Q22's $1.44 billion. However, net income for 2023 was $5.29 billion, down 10% from 2022's $5.87 billion. ET is a big company with assets in many oil and gas regions of the U.S. Of interest for us were the comments about the Marcus Hook NGL terminal and its exports.
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