Highest-materiality recent filing
Net income $2.09B ($0.59/unit) vs $1.16B; Adj EBITDA $5.07B (+31% YoY); DCF $2.59B (+32%).
Energy Transfer closes $1.75B junior subordinated notes offering due 2057
Issued $650M Series 2026A and $1.1B Series 2026B junior subordinated notes, both due 2057.
Energy Transfer prices $1.75B junior subordinated notes offering
Priced $650M Series 2026A notes at 6.550% and $1.1B Series 2026B notes at 6.700%, both due 2057.
Energy Transfer Co-CEO Marshall McCrea to retire by Dec 31, 2026; Thomas Long to become sole CEO
Marshall McCrea to retire by December 31, 2026; will continue as co-CEO and remain on Board.
Energy Transfer Q1 adj. EBITDA $4.94B (+20% YoY); raises FY2026 guidance to $18.2-$18.6B
Net income $1.25B ($0.35/unit) vs $1.32B a year ago; distributable CF $2.70B vs $2.31B.
Energy Transfer Q4 adj EBITDA $4.18B (+8%), net income $928M; raises 2026 guidance
Net income $928M ($0.25/unit basic) vs $1.08B year ago; adj EBITDA $4.18B up 8% YoY; DCF $2.04B.
Energy Transfer LP closes $3B senior notes offering across three tranches due 2031, 2036, 2056
Offering of $1B 4.550% Senior Notes due 2031, $1B 5.350% Senior Notes due 2036, and $1B 6.300% Senior Notes due 2056.
Energy Transfer LP prices $3.0B senior notes in three tranches to refinance debt
$1.0B 4.550% notes due 2031, $1.0B 5.350% notes due 2036, $1.0B 6.300% notes due 2056 priced at 99.830%, 99.933%, 99.842% of face value.
Energy Transfer guides 2026 Adj. EBITDA $17.3-17.7B; growth capex $5.0-5.5B
Growth capital expenditures of $5.0B-$5.5B in 2026, primarily on natural gas network projects.
Energy Transfer Q3 net income $1.02B, adjusted EBITDA $3.84B; guidance slightly below prior range
Net income attributable to partners $1.02B ($0.28 per unit) vs $1.18B a year ago; adjusted EBITDA $3.84B vs $3.96B.
Energy Transfer Q2 net income $1.16B, Adjusted EBITDA $3.87B; Transwestern $5.3B expansion
Net income $1.16B vs $1.31B YoY; diluted EPS $0.32.
Energy Transfer increases quarterly distribution to $0.33/unit, up 3% YoY
Quarterly cash distribution of $0.33 per common unit ($1.32 annualized) for Q2 2025.
BIS rescinds ethane export license requirement for China; Energy Transfer LP free to export
BIS notified Energy Transfer on July 2, 2025 that it rescinded the June 3, 2025 license requirement for ethane exports to China or Chinese military end-users.
BIS notified Energy Transfer on June 3, 2025 that a license is required for ethane (Schedule B 2901.10.1010) when any transaction party is in China or is a Chinese military end user.
Energy Transfer Q1 net income $1.32B, adj EBITDA $4.1B; distribution raised >3%
Net income $1.32B ($0.37/unit) vs $1.24B a year ago; adjusted EBITDA $4.1B vs $3.88B.
Energy Transfer LP completes $3B senior notes offering across three tranches due 2030, 2035, 2055
Issued $650M of 5.200% Senior Notes due 2030, $1.25B of 5.700% Senior Notes due 2035, and $1.1B of 6.200% Senior Notes due 2055.
Energy Transfer prices $3.0B senior notes in three tranches; proceeds to refinance debt
$650M of 5.200% notes due 2030, $1.25B of 5.700% notes due 2035, $1.1B of 6.200% notes due 2055.
Energy Transfer Q4 adj. EBITDA up 8% to $3.88B; guides 2025 EBITDA $16.1-$16.5B
Q4 net income $1.08B, EPS $0.29; distributable cash flow $1.98B.
Energy Transfer increases quarterly distribution to $0.3250/unit, up 3.2% YoY
Quarterly cash distribution of $0.3250 per common unit ($1.30 annualized), a 3.2% increase over Q4 2023.
Net income $1.18B ($0.33/unit); Adjusted EBITDA $3.96B, up 12% from $3.54B YoY.
Energy Transfer Q2 net income $1.31B, Adj EBITDA $3.76B; raises FY 2024 guidance
Net income $1.31B ($0.35/unit basic); Adjusted EBITDA $3.76B vs $3.12B YoY; DCF $2.04B.
Energy Transfer raises quarterly distribution to $0.32/unit, 3.2% increase YoY
Quarterly distribution of $0.32 per common unit ($1.28 annualized) for Q2 2024.
Energy Transfer closes $2.275B cash + stock acquisition of WTG Midstream
Total consideration: $2.275 billion cash plus ~50.8 million newly issued ET common units.
Energy Transfer closes $3.9B debt offering: $3.5B senior notes + $400M junior sub notes
Issued $1.0B 5.250% senior notes due 2029, $1.25B 5.600% due 2034, and $1.25B 6.050% due 2054.
$1.0B 5.250% notes due 2029, $1.25B 5.600% due 2034, $1.25B 6.050% due 2054; $400M 7.125% junior sub notes due 2054.
Energy Transfer to issue up to 50.8M common units for WTG Midstream acquisition
Wholly owned subsidiary to acquire WTG Midstream Holdings LLC; deal expected to close Q3 2024.
Energy Transfer Q1 net income $1.24B, adj. EBITDA $3.88B; raises FY2024 guidance to $15.0-15.3B
Net income per common unit $0.32; distributable cash flow $2.36B (+$348M YoY).
Energy Transfer reports Q4 net income $1.33B, Adj EBITDA $3.60B; 2024 outlook $14.5-14.8B
Net income $1.33B, up $172M YoY; Adj EBITDA $3.60B vs $3.44B; DCF $2.03B.
Priced $1.25B 5.550% senior notes due 2034 at 99.660% and $1.75B 5.950% senior notes due 2054 at 99.523%.
Energy Transfer completes acquisition of Crestwood Equity Partners LP
Crestwood common unitholders received 2.07 Energy Transfer common units per Crestwood unit.
Net income $584M ($0.15/unit); Adjusted EBITDA $3.54B vs $3.09B YoY.
On June 1, 2026, Marshall S. (“Mackie”) McCrea, III, Co-Chief Executive Officer of Energy Transfer LP (the “Partnership”), notified the Partnership of his intention to retire, effective on or before December 31, 2026.
Upon Mr. McCrea’s retirement, Thomas E. Long, the Partnership’s Co-Chief Executive Officer, will assume the role of sole Chief Executive Officer.
On December 22, 2022, Mr. Ray C. Davis advised LE GP, LLC (the “General Partner”), the general partner of Energy Transfer LP (the “Partnership”), that Mr. Davis will resign from the Board of Directors of the General Partner effective December 31, 2022.
Mr. Bradford D. Whitehurst, the current Chief Financial Officer, will continue in a senior executive role focusing on tax strategy and corporate initiatives.
On November 11, 2022, Dylan A. Bramhall was appointed as Group Chief Financial Officer of LE GP, LLC (the “General Partner”), the general partner of Energy Transfer LP (the “Partnership”), with such appointment effective immediately.
On March 11, 2022, in connection with his appointment to the board of directors of the general partner of Sunoco LP, Ray W. Washburne informed Energy Transfer LP (the “Partnership”) of his intention to resign from the board of directors of LE GP, LLC (the “Company”), the general partner of the Partnership, effective April 1, 2022.
On December 3, 2021, Matthew S. Ramsey notified ET of his intention to retire from his position as Chief Operating Officer, effective April 1, 2022.
Max materiality 0.95 · Median 0.60 · Most common event debt