Energy Transfer reports Q4 net income $1.33B, Adj EBITDA $3.60B; 2024 outlook $14.5-14.8B

Energy Transfer LP

Net income $1.33B, up $172M YoY; Adj EBITDA $3.60B vs $3.44B; DCF $2.03B.
2024 Adj EBITDA guidance $14.5-14.8B (midpoint +7% YoY); growth capex $2.4-2.6B.
Q4 distribution $0.3150/unit (+3.3% YoY); issued $3.8B in notes and redeemed Series C/D preferred.
Crestwood merger completed; expects $80M annual synergies by 2026, $65M in 2024.
Operational records: NGL fractionation +16%, NGL transport +10%, crude transport +39%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Transfer LP updated its year ended December 31, 2023 guidance (initiated).

Period: year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energy Transfer LP reported three months ended December 31, 2023 results: net income $1.33 billion, EPS $0.37 per common unit (basic). Guidance initiated.

Period: three months ended December 31, 2023
Net income: $1.33 billion
EPS: $0.37 per common unit (basic)
Guidance: initiated
Result: reported results

Exact text from the filing

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2023 of $1.33 billion, an increase of $172 million compared to the same period last year.

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Energy Transfer LP filing history →

Source: SEC EDGAR

accession 0001276187-24-000016

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