U.S. midstream giant Energy Transfer LP said its natural gas storage and pipeline operation along with its natural gas liquids (NGL) business helped drive stronger second quarter 2021 earnings.

Energy Transfer NGL exports

The Dallas-based company also said a newly operational expansion project is boosting its transports of oil in the current quarter.

Energy Transfer, whose pipelines held up amid Winter Storm Uri in Texas last winter when others’ did not, said Tuesday in reporting earnings that it continued to collect fee income from natural gas transports to meet demand during the historic deep freeze. It also benefited from rising natural gas prices this summer amid robust domestic cooling demand.

Second-quarter earnings in Energy Transfer’s intrastate transportation and storage business rose 20%...