Strong Financial Performance in Q1 2025
Adjusted EBITDA for Q1 2025 was $4.1 billion, up from $3.9 billion in Q1 2024. DCF attributable to partners was $2.3 billion.
Midstream Segment Growth
Midstream adjusted EBITDA increased to $925 million from $696 million in Q1 2024, driven by higher volumes in the Permian Basin and the addition of the WTG assets.
Lake Charles LNG Progress
Energy Transfer made significant progress towards the commercialization of Lake Charles LNG, securing agreements with MidOcean Energy and a Japanese utility company.
Permian Processing Expansions
Multiple processing plants in the Permian Basin, including Red Lake IV and Badger, are on schedule with expected completion in 2025 and 2026.
NGL Export Expansion
Flexport NGL export expansion nearing completion, with ethane and propane services expected to start soon, and over 90% of capacity sold under three to five-year agreements.