Energy Transfer Q1 adj. EBITDA $3.43B, completes Lotus Midstream deal, raises 2023 guidance

Energy Transfer LP

Net income $1.11B ($0.32/unit); Adjusted EBITDA $3.43B vs $3.34B YoY.
Completed Lotus Midstream for $900M cash + 44.5M units; adds ~3,000 miles crude pipelines.
Raised 2023 Adj. EBITDA guidance to $13.05B-$13.45B (prev $12.9B-$13.3B).
Dividend $0.3075/unit ($1.23 annualized); redeemed $2.15B senior notes; debt reduced ~$1.0B.
Record NGL transport (+13%) and midstream gathered (+14%) volumes; record NGL exports.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Energy Transfer LP reported the quarter ended March 31, 2023 results: net income net income attributable to partners for the three months ended March 31, 2023 of $1.11 billion, EPS net income per common unit (basic and diluted) was $0.32 per unit. Guidance raised.

Period: the quarter ended March 31, 2023
Net income: net income attributable to partners for the three months ended March 31, 2023 of $1.11 billion
EPS: net income per common unit (basic and diluted) was $0.32 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 March 31, 2023 of $1.11 billion. For the three months ended March 31, 2023, net income per common unit (basic and diluted) was $0.32 per unit.

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Source: SEC EDGAR

accession 0001276187-23-000029

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