Members of Catalyst Hedge Investing had early access to this article. They have exclusive access to many other articles every month as well as an active chat board with regular updates on ideas and a best ideas portfolio.Energy Transfer (NYSE: ET ) reported strong Q3 earnings on Wednesday (Nov. 6). Growth occurred in all categories. The headline-grabbing numbers occurred in the oil segment. NGL and natural gas volumes, the company's real bread and butter, were more muted and similar toHe leads the investing ...

We began our coverage of Energy Transfer (NYSE: ET ) in April this year, calling it our top pick in the US midstream space on its attractive combination of 1) solid business fundamentals, 2) a sector-leading dividend yield andAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...

The high-yield play that I highlighted in August , Energy Transfer LP (NYSE: ET ), is doing well. The stock grew by around 7%, very close compared to the S&P 500. The company released its Q3 report earlierAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunities that align with my ri ...

The MLP's expansion initiatives continue to grow its volumes and earnings.Energy Transfer (ET -0.06%) has been on an acquisition binge. The midstream giant recently closed its nearly $3.1 billion purchase of WTG Midstream, which followed its $7.1 billion merger with fellow master limited partnership (MLP) Crestwood Equity Partners last November. On top of that, the company has continued to invest heavily in organically expanding its operations. Those investments helped fuel record volumes across several of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-32740 ENERGY TRANSFER LP (Exact name of registrant as specified in its charter) Delaware 30-0108820 (State or other jurisdiction of incorporation or orga ...

Energy Transfer LP Common Units (NYSE:ET) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Tom Long - Co-Chief Executive Officer Mackie McCrea - Co-Chief Executive Officer Dylan Bramhall - Group Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Jean Ann Salisbury - Bank of America Manav Gupta - UBS Theresa Chen - Barclays Keith Stanley - Wolfe Research Gabe Moreen - Mizuho Michael Blum - Wells Fargo Zack Van Everen - TPH John Mackay - Goldman Sach ...

ENERGY 。TRANSFER Moving America's Energy Q3 2024 Earnings November 6, 2024 Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation in conjunction with ET's 3rd quarter 2024 earnings conference call. On the call, members of management may make statements about future events, outlook and expectations related to Sunoco LP (SUN), USA Compression Partners, LP (USAC), and ET (collectively, the Partnerships), and their subsidiaries and this presentation ma ...

Financial Performance - Net income attributable to partners for Q3 2024 was $1.18 billion, with net income per common unit (basic) at $0.33[1] - Revenue for Q3 2024 was $20.772 billion, slightly up from $20.739 billion in Q3 2023[14] - Net income attributable to partners increased significantly to $1.183 billion in Q3 2024 from $584 million in Q3 2023[14] - Adjusted EBITDA for Q3 2024 was $3.96 billion, up from $3.54 billion in Q3 2023[2] - Adjusted EBITDA for Q3 2024 was $3.959 billion, compared to $3.541 billion in Q3 2023[16] - Consolidated Adjusted EBITDA for Energy Transfer LP reached $3,959 million in Q3 2024, compared to $3,541 million in Q3 2023[22] - Operating income for Q3 2024 was $2.181 billion, slightly down from $2.233 billion in Q3 2023[14] - Interest expense increased to $828 million in Q3 2024 from $632 million in Q3 2023[14] - Depreciation, depletion, and amortization expenses rose to $1.324 billion in Q3 2024 from $1.107 billion in Q3 2023[14] - Net income per common unit (basic) increased to $0.33 in Q3 2024 from $0.15 in Q3 2023[14] - Total distributions to partners for Q3 2024 were $1.105 billion, up from $984 million in Q3 2023[16] - Maintenance capital expenditures increased to $392 million in Q3 2024 from $202 million in Q3 2023[16] Cash Flow and Distributions - Distributable Cash Flow attributable to partners for Q3 2024 was $1.99 billion, a $4 million increase from Q3 2023[2] - Distributable Cash Flow for Q3 2024 was $2.631 billion, up from $2.513 billion in Q3 2023[16] - Distributable Cash Flow attributable to partners increased due to higher realized natural gas sales and pipeline optimization, contributing $100 million[25] - Energy Transfer announced a cash distribution of $0.3225 per common unit ($1.29 annualized) for Q3 2024[5] - Total distributions to partners for Q3 2024 were $1.105 billion, up from $984 million in Q3 2023[16] Segment Performance - Intrastate transportation and storage segment Adjusted EBITDA increased to $329 million in Q3 2024, up from $244 million in Q3 2023[24] - Interstate transportation and storage segment Adjusted EBITDA decreased to $460 million in Q3 2024, down from $491 million in Q3 2023, primarily due to higher operating expenses[26] - Midstream segment Adjusted EBITDA increased to $816 million in Q3 2024, up from $631 million in Q3 2023, driven by higher gathered volumes and NGL production[28] - NGL and refined products transportation and services segment Adjusted EBITDA decreased to $1,012 million in Q3 2024, down from $1,076 million in Q3 2023, despite higher transportation volumes[31] - Crude oil transportation and services segment Adjusted EBITDA increased to $768 million in Q3 2024, up from $706 million in Q3 2023[22] - NGL and refined products transportation and services segment Adjusted EBITDA decreased by $70 million due to a $100 million decrease in marketing margin, partially offset by a $25 million increase in terminal services margin and an $8 million increase in transportation margin[33] - Crude oil transportation and services segment Adjusted EBITDA increased by $121 million, primarily due to a $150 million contribution from recently acquired assets and the Permian joint venture with Sunoco LP[36] - Investment in Sunoco LP segment Adjusted EBITDA increased by $237 million, driven by acquisitions of NuStar and Zenith European terminals, partially offset by higher operating and administrative expenses[39] - Investment in USAC segment Adjusted EBITDA increased by $20 million due to higher revenue-generating horsepower and market-based rates on compression services[41] - All Other segment Adjusted EBITDA decreased by $49 million, primarily due to intersegment eliminations from the formation of the Permian joint venture[42] Volumes and Production - Crude oil transportation volumes increased by 25%, and crude oil exports rose by 49% in Q3 2024[3] - Midstream gathered volumes and produced volumes increased by 6% and 26%, respectively, in Q3 2024[3] - Gathered volumes in the midstream segment increased to 21,027 BBtu/d in Q3 2024, up from 19,825 BBtu/d in Q3 2023, driven by higher Permian region activity[28] - NGL transportation volumes increased to 2,237 MBbls/d in Q3 2024, up from 2,161 MBbls/d in Q3 2023, primarily due to higher Permian region volumes[31] - Crude oil transportation volumes increased to 7,025 MBbls/d in Q3 2024 from 5,640 MBbls/d in Q3 2023, driven by growth in gathering systems and contributions from recently acquired assets[35] Acquisitions and Investments - Energy Transfer completed the acquisition of WTG Midstream, adding 6,000 miles of gas gathering pipelines and 1.5 Bcf/d of processing capacity[4] - Investment in Sunoco LP contributed $456 million to Adjusted EBITDA in Q3 2024, up from $257 million in Q3 2023[22] - Investment in Sunoco LP segment Adjusted EBITDA increased by $237 million, driven by acquisitions of NuStar and Zenith European terminals, partially offset by higher operating and administrative expenses[39] - The company owns 36.4% of the Bakken Pipeline, 60% of Bayou Bridge, and 87.7% of Permian Express Partners, among other non-wholly owned subsidiaries[53] Credit and Liquidity - As of September 30, 2024, the Partnership had $3.34 billion available under its revolving credit facility[5] - The company's revolving credit facility has $3.336 billion available out of a $5 billion facility, with a maturity date of April 11, 2027[45] Assets and Liabilities - Total assets as of September 30, 2024, were $124.43 billion, up from $113.70 billion as of December 31, 2023[13] Non-Wholly Owned Subsidiaries - Total Adjusted EBITDA related to unconsolidated affiliates was $181 million in Q3 2024, compared to $182 million in Q3 2023[48] - The company's proportionate share of Adjusted EBITDA from non-wholly owned subsidiaries was $400 million in Q3 2024, up from $326 million in Q3 2023[52] - Adjusted EBITDA of non-wholly owned subsidiaries reflects the total Adjusted EBITDA on an aggregated basis[54] - Proportionate share of Adjusted EBITDA of non-wholly owned subsidiaries reflects the amount attributable to the company's ownership interest[54] - Distributable Cash Flow of non-wholly owned subsidiaries reflects the total Distributable Cash Flow on an aggregated basis[54] - Proportionate share of Distributable Cash Flow of non-wholly owned subsidiaries reflects the amount attributable to the company's ownership interest[54] - Ownership percentage reflects the total economic interest held by the company and its subsidiaries[54] Capital Projects - The Partnership approved construction of its ninth fractionator at Mont Belvieu, with a capacity of 165,000 Bbls/d, expected to be operational in Q4 2026[3]

Energy Transfer LP (ET) is expected to report an improvement in its top and bottom lines when it reports third-quarter 2024 results on Nov. 6, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for ET’s third-quarter revenues is pegged at $24.23 billion, indicating a 16.81% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at 32 cents per unit. The Zacks Consensus Estimate for ET’s third-quarter earn ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.Energy Transfer LP (NYSE: ET ) is one of the biggest energy transporter companies in the US and is predominantly involved in transporting and holding natural gas, crude oil, and refined fuels. The firm maintains a vastHe leads the investing group Bey ...