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Dec 31, 2024
Energy Transfer Q4 2024 Earnings Report
Key Takeaways
Energy Transfer LP reported a net income of $1.08 billion and revenue of $19.54 billion for Q4 2024. Adjusted EBITDA increased 8% year-over-year to $3.88 billion, and the company saw growth in crude oil and NGL transportation volumes. A quarterly cash distribution of $0.325 per common unit was declared, reflecting a 3.2% increase over the prior year.
Revenue by Segment
Forward Guidance
Energy Transfer expects 2025 Adjusted EBITDA to range between $16.1 billion and $16.5 billion. Growth capital expenditures are projected at $5.0 billion, while maintenance capital expenditures are expected to be $1.1 billion.
Positive Outlook
- Expected Adjusted EBITDA growth to $16.1-$16.5 billion.
- Expansion in crude oil and NGL transportation volumes.
- Completion of infrastructure projects including the Sabina 2 pipeline conversion.
- 20-year LNG Sale and Purchase Agreement with Chevron.
- Approval of Mustang Draw processing plant with 275 MMcf/d capacity.
Challenges Ahead
- Decline in revenue from crude oil transportation services.
- Higher maintenance capital expenditures projected at $1.1 billion.
- Potential risks from macroeconomic factors impacting demand.
- Higher operating costs across various segments.
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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