earnings
confidence high
sentiment neutral
materiality 0.65
Energy Transfer Q2 net income $911M, adjusted EBITDA $3.12B, tightens FY guidance, sets volume records
Energy Transfer LP
- Net income $911M ($0.25/unit); adjusted EBITDA $3.12B (down from $3.23B YoY).
- Distributable cash flow $1.55B vs $1.88B YoY; growth capex $387M.
- Volume records: NGL fractionation +5%, NGL transport +13%, midstream gathered +8%, crude transport +23%.
- FY 2023 adjusted EBITDA guidance tightened to $13.1–$13.4B; quarterly distribution $0.31/unit unchanged.
- Completed Lotus Midstream acquisition in May; Lake Charles LNG HOAs for 3.6M tonnes/yr offtake.