---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-23-000029"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:49:36.568768+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001276187-23-000029
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000029/0001276187-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000029/et-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-23-000029
- JSON: https://secwatch.observer/filing/0001276187-23-000029.json
- Plain text: https://secwatch.observer/filing/0001276187-23-000029.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000029/0001276187-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.