Energy Transfer (ET) has become a major natural gas supplier to AI data centers, securing deals with Oracle, Nexus, Crusoe, and Entergy to meet surging power demand.
The pipeline giant is supplying approximately 900,000 Mcf/d of natural gas to three Oracle U.S. data centers, 150,000 Mcf/d to Nexus for an AI hyperscale campus, and gas for a 900-megawatt AI factory campus for Crusoe. Additionally, Energy Transfer signed a 20-year deal with Entergy to provide at least 250,000 MMBtu/d of gas starting in December 2028, supporting data centers including those Meta Platforms is building in Louisiana. The company expects its adjusted EBITDA to grow by at least 17.5% this year.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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