Energy Transfer (ET) reported fourth-quarter 2024 adjusted earnings of 29 cents per unit, which missed the Zacks Consensus Estimate of 36 cents by 19.4%. The bottom line also decreased 21.6% from the year-ago figure of 37 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Total Revenues of ETRevenues of $19.5 billion missed the Zacks Consensus Estimate of $24.2 billion by 19.3%. Total revenues also decreased 4.8% from the year-ago figure of $20.5 billion.Full-year 2024 revenues tot ...

Energy Transfer LP (NYSE: ET ) delivered a robust performance since November 8 when I wrote my bullish call , returning almost 20% to its investors over the three-month period. I believe that there is still solid potential for furtherAs 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 opport ...

In the aftermarket session following Energy Transfer's (NYSE: ET ) Q4 Conference Call, units were down 3% on the day despite the company hitting the upper end of the FY24 15.3–$15.5B EBITDA guide. If the questions on the conference call were anyIndividual investor and family office principal with over 20 years of investment experience. I favor fundamental analysis and look for individual issues and asset classes that are out of favor and represent a good risk/reward trade off. I often employ options strateg ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for 2024 was $15.5 billion, up 13% from 2023, marking a partnership record [6] - Distributable cash flow (DCF) attributable to partners was $8.4 billion, a 10% increase from 2023, also a partnership record [6] - For Q4 2024, adjusted EBITDA was $3.9 billion, compared to $3.6 billion in Q4 2023 [7] - DCF for Q4 2024 was $2 billion, consistent with Q4 2023 [8] Business Line Data and Key Metrics Changes - NGL and refined products segment adjusted EBITDA was $1.1 billion, up from $1.04 billion in Q4 2023, driven by higher throughput and rates [9] - Midstream segment adjusted EBITDA increased to $705 million from $674 million in Q4 2023, attributed to higher volumes in the Permian Basin [10] - Crude oil segment adjusted EBITDA decreased to $760 million from $775 million in Q4 2023, impacted by lower transportation revenue [11] - Interstate natural gas segment adjusted EBITDA fell to $493 million from $541 million in Q4 2023, due to lower interruptible utilization [12] - Intrastate natural gas segment adjusted EBITDA rose to $263 million from $242 million in Q4 2023, due to pipeline and storage optimization gains [13] Market Data and Key Metrics Changes - Record volumes were moved across interstate, midstream, NGL, and crude segments for the year [7] - Record NGL exports were achieved from Nederland and Marcus Hook terminals [7] Company Strategy and Development Direction - The company plans to spend approximately $5 billion on organic growth capital in 2025, focusing on various segments including intrastate natural gas and NGL [15][16][17][18] - Key growth projects include the Mustang Draw processing plant and expansions at existing terminals to meet international NGL demand [18][23][24] - The company is positioned to capitalize on the anticipated rise in natural gas demand, particularly for power generation and data centers [30][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the Permian Basin and the increasing demand for natural gas [35] - The new administration is viewed positively, with expectations of reduced regulatory burdens benefiting the industry [71][74] - Adjusted EBITDA guidance for 2025 is projected between $16.1 billion and $16.5 billion, reflecting a 5% increase from 2024 [34] Other Important Information - The company is actively pursuing M&A opportunities as part of its growth strategy, while also focusing on organic growth projects [97][100] - The company is renegotiating contracts from previous years to align with current market conditions [140] Q&A Session Summary Question: Can you talk about the returns you're seeing with incremental projects? - Management targets mid-teen to upper teen rates of return depending on project synergies [40][41] Question: Does the $5 billion growth CapEx include any unsanctioned projects? - The $5 billion includes sanctioned projects with great rates of return [50] Question: Is the CloudBurst project supporting a new gas-fired power plant? - Yes, the project is expected to scale up over time, potentially reaching 450 million cubic feet per day [55][56] Question: How much do you think natural gas demand could grow in the next five to seven years? - Management believes they can capture between 3 and 4 billion cubic feet of demand over the next 18 to 24 months [83] Question: Are you worried about competition in the NGL space? - Management focuses on their customers and market needs rather than competitors, believing they can fill their assets effectively [108][109] Question: How do you view the rate of contracts from 2019 and 2020? - The company is in negotiations to restructure those contracts to reflect current pricing [140]

Q4 2024 Earnings February 11, 2025 Forward-looking Statements / Legal Disclaimer Management of Energy Transfer LP (ET) will provide this presentation in conjunction with ET's 4th 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 may contain statements about future events ...

ENERGY TRANSFER REPORTS FOURTH QUARTER 2024 RESULTS AND ANNOUNCES 2025 OUTLOOK Dallas – February 11, 2025 – Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter and year ended December 31, 2024. Energy Transfer reported net income attributable to partners for the three months ended December 31, 2024 of $1.08 billion. For the three months ended December 31, 2024, net income per common unit (basic) was $0.29. Adjusted EBITDA for the three month ...

Artificial intelligence (AI) requires a tremendous amount of electricity to power the specialized chips needed to run this technology. Because of that, many forecasters expect that natural gas demand will accelerate in the coming years as companies build more power plants to support AI data centers. This trend should enable pipeline companies to transport more gas in the future. As a leading natural gas pipeline operator, Energy Transfer (ET 0.80%) is in an excellent position to capitalize on the expected A ...

Bill Gross knows a thing or two about yield-focused investments. He co-founded PIMCO, where he became a legendary bond investor. According to Forbes, Gross, known as the "Bond King," is worth about $1.7 billion. Gross had recently been pounding the table for another yield-focused investment vehicle: master limited partnerships (MLP). Given their high tax-advantaged yields and attractive valuations, he believed MLPs offered compelling total return potential. However, his enthusiasm for MLPs has started to co ...

Energy Transfer LP  (ET) is expected to report an improvement in its top and bottom line when it reports fourth-quarter 2024 results on Feb. 11, after market close.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for ET’s fourth-quarter revenues is pegged at $24.22 billion, indicating a 17.95% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at 36 cents per unit. The Zacks Consensus Estimate for ET’s fourth-quart ...

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