Energy Transfer

RANK54

Texas-based midstream energy company Energy Transfer jumped 27 spots on this year’s list, with revenue increasing 73% to $67.4 billion and profits up 89%, to $5.5 billion. Its improved performance is in part due to higher commodity prices and increased natural gas liquid (NGL) transportation and export volumes, all driven by the rebounding global economy. In December 2021, Energy Transfer finalized its acquisition of Enable Midstream Partners—adding significant natural gas and oil infrastructure assets to its portfolio. A strengthened domestic pipeline network gives the company better odds of weathering any instability in the global energy market resulting from the war in Ukraine.