Energy Transfer Q3 net income $1.01B, raises 2022 EBITDA outlook to $12.8-13.0B

Energy Transfer LP

Net income $1.01B ($0.29/unit), up $371M YoY; Adjusted EBITDA $3.09B vs $2.58B YoY.
Distributable cash flow $1.58B; quarterly distribution raised 70%+ to $0.265/unit ($1.06 annualized).
Crude segment had $126M legal charge; NGL segment ~$130M hedging adjustment; combined $260M hit to EBITDA.
Full-year 2022 EBITDA guidance raised to $12.8-13.0B (prev. $12.6-12.8B); capex unchanged at $1.8-2.1B.
Completed ~$485M Woodford Express acquisition; sold 51% Canada interest for ~$302M in August.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Transfer LP reported the quarter ended September 30, 2022 results: net income $1.01 billion, EPS $0.29 per unit. Guidance raised.

Period: the quarter ended September 30, 2022
Net income: $1.01 billion
EPS: $0.29 per unit
Guidance: raised
Result: reported results

Exact text from the filing

Energy Transfer reported net income attributable to partners for the three months ended September 30, 2022 of $1.01 billion, a $371 million increase from the same period last year. For the three months ended September 30, 2022, net income per limited partner unit (basic and diluted) was $0.29 per unit.

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Energy Transfer LP filing history →

Source: SEC EDGAR

accession 0001276187-22-000068

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