---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-25-000008"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:15:11.318667+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer Q4 adj. EBITDA up 8% to $3.88B; guides 2025 EBITDA $16.1-$16.5B

## Summary
- Q4 net income $1.08B, EPS $0.29; distributable cash flow $1.98B.
- Growth capex $1.22B in Q4; 2025 guidance implies ~$5B growth, $1.1B maintenance.
- Crude transportation volumes +15%, NGL transportation +5%, exports +2% YoY.
- Entered long-term natural gas agreement with CloudBurst for AI data center; 20-year LNG SPA with Chevron.
- Quarterly distribution raised 3.2% to $0.3250/unit ($1.30 annualized).

## SEC filing metadata
- accession: 0001276187-25-000008
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2025-02-11T23:59:59+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/1276187/000127618725000008/0001276187-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618725000008/et-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-25-000008
- JSON: https://secwatch.observer/filing/0001276187-25-000008.json
- Plain text: https://secwatch.observer/filing/0001276187-25-000008.txt

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