Energy Transfer LP (ET) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.096 Good day and welcome to the Energy Transfer Q3 2025 00:00:05.096 -- 00:00:10.761 Earnings Conference Call. All participants will be in listen-only mode. 00:00:10.761 -- 00:00:15.205 Should you need assistance, please signal a conference specialist by pressing the star 00:00:15.205 -- 00:00:17.727 key followed by zero. 00:00:17.727 -- 00:00:22.232 After today's presentation, there will be an opportunity to ask a question. 00:00:22.232 -- 00:00:28.280 To ask a question, you may press star then one on a touch-tone phone. 00:00:28.280 -- 00:00:32.644 To withdraw a question, please press star, then two. 00:00:32.644 -- 00:00:36.566 Please note, this event is being recorded. 00:00:36.928 -- 00:00:40.391 I would now like to turn the conference over to Tom Long. 00:00:40.391 -- 00:00:42.852 Please go ahead. 00:00:43.674 -- 00:00:47.898 Thank you, Operator, and good afternoon, everyone, and welcome to the Energy Transfer 00:00:47.898 -- 00:00:51.301 Third Quarter 2025 Earnings Call. 00:00:51.301 -- 00:00:56.026 Also joined today by Mackie McCree and several other members of our senior management 00:00:56.026 -- 00:01:01.285 team, who are here to help answer your questions after we get through the prepared 00:01:01.285 -- 00:01:05.169 remarks. Hopefully you saw the press release we issued earlier this afternoon. 00:01:05.169 -- 00:01:10.435 As a reminder, our earnings release contains a thorough MD&A that goes through the segment 00:01:10.435 -- 00:01:15.540 results in detail, and we encourage everyone to look at the release, as well 00:01:15.540 -- 00:01:20.706 as the slides posted to our website, to gain a full understanding of the quarter 00:01:20.706 -- 00:01:25.673 and our growth opportunities. As a reminder, we will be making forward-l...