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.

Total Revenue

$19.5B

Previous year: $20.5B

-4.8%

EPS

$0.29

Previous year: $0.37

-21.6%

Midstream Equity NGLs

59K

Previous year: 49K

+20.4%

Midstream NGLs Produced

1.13M

Previous year: 976K

+16.2%

Midstream Gathered Volumes

20.69M

Previous year: 20.32M

+1.8%

Total Assets

$125B

Previous year: $114B

+10.2%

Energy Transfer Revenue

Energy Transfer EPS

Energy Transfer 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.
Lower transported volumes in some pipeline segments.