This document is Energy Transfer LP's quarterly report (Form 10-Q) for the period ending June 30, 2025, filed with the United States Securities and Exchange Commission. It provides a comprehensive overview of the company's financial performance, including consolidated statements of operations, comprehensive income, equity, and cash flows. The report details various aspects of the company's business segments, such as intrastate and interstate transportation and storage, midstream, NGL and refined products, and crude oil services, highlighting revenues, costs, and segment adjusted EBITDA. Additionally, it addresses legal proceedings and regulatory matters impacting the company, including ongoing lawsuits related to pipeline construction, environmental issues, and tax contingencies, alongside certifications from key executives affirming the accuracy of the disclosures.