Energy Transfer Equity ( (ET) ) has released its Q4 earnings. Here is a breakdown of the information Energy Transfer Equity presented to its investors.
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Energy Transfer LP is a leading energy infrastructure company in the United States, operating over 130,000 miles of energy pipelines and infrastructure across 44 states, specializing in natural gas, crude oil, and NGL transportation among other services. In its latest earnings report, Energy Transfer announced a net income of $1.08 billion for Q4 2024, with a net income per common unit of $0.29, and an 8% increase in Adjusted EBITDA compared to the same period last year. The company also reported a 15% increase in crude oil transportation volumes and completed several strategic projects, enhancing operational capacity.
The company highlighted its strong financial performance with distributable cash flow of $1.98 billion for the quarter and growth capital expenditures reaching $1.22 billion. Energy Transfer’s operational achievements include the completion of the Sabina 2 pipeline conversion and the optimization of the Grey Wolf processing plant. Additionally, the company secured a long-term agreement with Cloudburst Data Centers to supply natural gas and entered a significant LNG sale agreement with Chevron.
Energy Transfer’s strategic initiatives point to future growth, with the completion of the Hugh Brinson Pipeline and construction approval for the Mustang Draw plant in the Midland Basin expected to boost capacity further. The company also increased its quarterly cash distribution by 3.2% year-over-year, indicating a commitment to providing value to its unitholders.
Looking ahead to 2025, Energy Transfer projects its Adjusted EBITDA to be between $16.1 billion and $16.5 billion, with growth capital expenditures anticipated at approximately $5.0 billion. The partnership remains focused on expanding its infrastructure and enhancing its service capabilities to meet growing demand in the energy sector.
