---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-23-000088"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:05:15.532975+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer Q3 net income $584M; Adjusted EBITDA $3.54B; raises FY guidance; Crestwood merger close Nov 3

## Summary
- Net income $584M ($0.15/unit); Adjusted EBITDA $3.54B vs $3.09B YoY.
- Record NGL fractionation +9%, NGL transport +14%, NGL exports +20%+, crude volumes +23%.
- FY 2023 Adjusted EBITDA guidance raised to $13.5-13.6B including Crestwood Nov-Dec.
- Crestwood merger unitholder-approved; expected close Nov 3; 2.07 ET units per Crestwood unit.
- Quarterly distribution $0.3125/unit ($1.25 annualized); S&P debt upgraded to BBB.

## SEC filing metadata
- accession: 0001276187-23-000088
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2023-11-01T23:59:59+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/1276187/000127618723000088/0001276187-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000088/et-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-23-000088
- JSON: https://secwatch.observer/filing/0001276187-23-000088.json
- Plain text: https://secwatch.observer/filing/0001276187-23-000088.txt

## Key facts
- Earnings Releases
  Energy Transfer LP updated its full-year 2023 guidance (reaffirmed).
  - Period: full-year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Energy Transfer now expects its full-year 2023 Adjusted EBITDA to range between $13.5 billion and $13.6 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000088/0001276187-23-000088-index.htm
- Earnings Releases
  Energy Transfer LP reported the third fiscal quarter ended September 30, 2023 results: net income $584 million, EPS $0.15 per unit. Guidance reaffirmed.
  - Period: the third fiscal quarter ended September 30, 2023
  - Net income: $584 million
  - EPS: $0.15 per unit
  - Guidance: reaffirmed
  - Result: reported results
  source text: Energy Transfer reported net income attributable to partners for the three months ended September 30, 2023 of $584 million. For the three months ended September 30, 2023, net income per common unit (basic) was $0.15 per unit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618723000088/0001276187-23-000088-index.htm

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