earnings
confidence high
sentiment negative
materiality 0.70
Energy Transfer Q3 net income $1.02B, adjusted EBITDA $3.84B; guidance slightly below prior range
Energy Transfer LP
- Net income attributable to partners $1.02B ($0.28 per unit) vs $1.18B a year ago; adjusted EBITDA $3.84B vs $3.96B.
- Record volumes: NGL and refined products terminal up 10%, NGL transportation up 11%, NGL exports up 13%.
- Quarterly distribution raised >3% to $0.3325/unit; 2025 growth capex ~$4.6B; 2026 capex plan ~$5B.
- Now expects adjusted EBITDA to be slightly below prior guidance range of $16.1B–$16.5B.
- Secured long-term gas supply agreements with Oracle (~900 MMcf/d) and Entergy Louisiana (250,000 MMBtu/d).