Energy Transfer Q1 net income $1.24B, adj. EBITDA $3.88B; raises FY2024 guidance to $15.0-15.3B

Energy Transfer LP

Net income per common unit $0.32; distributable cash flow $2.36B (+$348M YoY).
Adjusted EBITDA $3.88B vs $3.43B YoY; crude oil transport volumes up 44% (record).
Full-year 2024 Adjusted EBITDA guidance raised to $15.0-15.3B (from $14.5-14.8B); growth capex ~$2.9B.
Quarterly distribution $0.3175/unit (+3.3% YoY); senior debt upgraded to BBB by Fitch.
Completed Trunkline backhaul (400 MMcf/d) and approved two Permian NGL de-bottleneck projects (>90 MBbls/d).

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 reported first fiscal quarter ended March 31, 2024 results: net income $1.24 billion, EPS $0.32. Guidance raised.

Period: first fiscal quarter ended March 31, 2024
Net income: $1.24 billion
EPS: $0.32
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, 2024 of $1.24 billion. For the three months ended March 31, 2024, net income per common unit (basic) was $0.32.

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Source: SEC EDGAR

accession 0001276187-24-000035

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