earnings
confidence high
sentiment positive
materiality 0.85
Energy Transfer Q4 net income $1.16B, adj. EBITDA $3.44B; 2023 EBITDA guidance $12.9-13.3B
Energy Transfer LP
- Net income attributable to partners $1.16B ($0.34/unit), up $234M YoY.
- Adjusted EBITDA $3.44B vs $2.81B YoY; distributable cash flow $1.91B vs $1.60B.
- 2023 outlook: Adjusted EBITDA $12.9B-$13.3B, growth capex $1.6B-$1.8B.
- Quarterly distribution raised to $0.305/unit ($1.22 annualized); long-term debt reduced ~$800M in FY2022.
- NGL fractionation and transportation volumes set new records; Gulf Run pipeline placed in service Dec 2022.