{
 "ticker": "ET",
 "name": "Energy Transfer",
 "url": "https://grantbishop.pages.dev/index/ET",
 "sells": "Energy Transfer moves and stores natural gas and crude oil through pipelines and terminals, feeding fuel to gas-fired power plants.",
 "why": "We follow it because the power needed to run AI, not the chips themselves, now sets the pace of data center construction, and its business supplies that power.",
 "questions": [
  {
   "slug": "power",
   "question": "Who supplies the power?",
   "url": "https://grantbishop.pages.dev/index/q/power"
  }
 ],
 "tests": [
  {
   "id": "W-3",
   "claim": "Spare rented computing capacity moves work around; it does not cancel new power and cooling construction, which follows capital spending, not chip scarcity.",
   "url": "https://grantbishop.pages.dev/claims/spare-compute-does-not-stop-power-building"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-06",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1276187/000127618726000038/et-20260630.htm"
 },
 "disclosed": [],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-06 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
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  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
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   "currency": "USD",
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   "as_of": "2026-11-06",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 3444252188,
    "as_of": "2026-10-30",
    "form": "10-Q",
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    "url": "https://www.sec.gov/Archives/edgar/data/1276187/000127618726000070/"
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  "checked_at": "2026-11-10 02:45:40"
 },
 "exhibits": null,
 "mentions": [],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}