earnings
confidence high
sentiment positive
materiality 0.85
Energy Transfer Q2 net income $1.31B, Adj EBITDA $3.76B; raises FY 2024 guidance
Energy Transfer LP
- Net income $1.31B ($0.35/unit basic); Adjusted EBITDA $3.76B vs $3.12B YoY; DCF $2.04B.
- Full-year 2024 Adj EBITDA guidance raised to $15.3-$15.5B from $15.0-$15.3B, includes >$100M transaction costs.
- Q2 2024 distribution increased 3.2% to $0.32/unit ($1.28 annualized).
- Completed WTG Midstream acquisition in July; adds 6,000 miles gas gathering pipelines and 8 processing plants.
- Crude oil transport volumes up 23%, NGL fractionation up 11%, NGL exports set record.