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Mar 31, 2025
Energy Transfer Q1 2025 Earnings Report
Energy Transfer reported solid Q1 2025 results with increased net income and operational growth across multiple segments.
Key Takeaways
The company posted higher net income and operating income compared to Q1 2024, while continuing to expand pipeline volumes and entering a strategic LNG partnership.
Net income attributable to partners rose to $1.32 billion from $1.24 billion in Q1 2024.
Adjusted EBITDA reached $4.098 billion, reflecting broad-based segment performance.
Distributable Cash Flow attributable to partners was $2.307 billion.
Energy Transfer entered a strategic LNG partnership with MidOcean for Lake Charles development.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Energy Transfer reaffirmed its FY25 guidance, targeting strong Adjusted EBITDA and growth capex levels, backed by project expansions and strategic LNG partnerships.
Positive Outlook
- FY25 Adjusted EBITDA expected between $16.1B and $16.5B
- Growth capex forecasted at ~$5B
- Hugh Brinson Pipeline Phase I construction commenced
- Mustang Draw plant to come online in Q2 2026
- Strategic partnership with MidOcean for Lake Charles LNG
Challenges Ahead
- Distributable Cash Flow declined slightly YoY
- Some margin declines in crude and intrastate segments
- Sunoco optimization losses affected quarterly performance
- Maintenance capex increased to $165M
- Volatility in commodity pricing continues to pose risks
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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