The earnings call reflected a strong financial performance with record-breaking metrics and a positive growth outlook. While there were some challenges in specific segments, the company's strategic investments and new business ventures, like the CloudBurst agreement, highlight a forward-looking growth trajectory.

Company Guidance

During the Energy Transfer fourth quarter 2024 earnings call, the company provided guidance for 2025, indicating plans to spend approximately $5 billion on organic growth capital. This investment is expected to be distributed across several segments, including $1.4 billion for intrastate natural gas projects, $1.4 billion for NGL and refined products, $1.6 billion for midstream, $295 million for crude oil, and $170 million for interstate natural gas. Additionally, $100 million is allocated for new power generation facilities to enhance system reliability. Energy Transfer anticipates achieving mid-teen returns on these projects, with significant earnings growth projected for 2026 and 2027. The company also highlighted record financial performance in 2024 with an adjusted EBITDA of $15.5 billion and distributable cash flow of $8.4 billion, both marking partnership records and representing increases of 13% and 10% over 2023, respectively.

Record-Breaking Financial Performance

Adjusted EBITDA for the full year 2024 was $15.5 billion, up 13% over 2023 and a partnership record. DCF attributable to partners was $8.4 billion, up 10% over 2023.

Operational Achievements

Record volumes moved across all segments for the year ended 2024, and a record amount of NGLs exported from Nederland and Marcus Hook terminals.

Significant Project Approvals and Investments

Recent approval of the Mustang Draw processing plant in the Midland Basin and a projected $5 billion in growth capital expenditures for 2025.

Positive Growth Outlook

2025 adjusted EBITDA expected to be between $16.1 billion and $16.5 billion, up approximately 5% from 2024 at the midpoint.

CloudBurst Data Center Agreement

A 20-year agreement to supply up to 450,000 MMBtus per day of firm natural gas to CloudBurst's data center in Texas, marking a new business venture.

---

Energy Transfer (ET) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	0.38 / -	0.32	―	―	―
Feb 11, 2025	2024 (Q4)	0.37 / 0.29	0.37	-21.62% (-0.08)
Nov 06, 2024	2024 (Q3)	0.33 / 0.32	0.15	113.33% (+0.17)
Aug 07, 2024	2024 (Q2)	0.35 / 0.35	0.25	40.00% (+0.10)
May 08, 2024	2024 (Q1)	0.37 / 0.32	0.32	0.00% (0.00)
Feb 14, 2024	2023 (Q4)	0.34 / 0.37	0.34	8.82% (+0.03)
Nov 01, 2023	2023 (Q3)	0.34 / 0.15	0.29	-48.28% (-0.14)
Aug 02, 2023	2023 (Q2)	0.32 / 0.25	0.39	-35.90% (-0.14)
May 02, 2023	2023 (Q1)	0.37 / 0.32	0.37	-13.51% (-0.05)
Feb 15, 2023	2022 (Q4)	0.39 / 0.34	0.29	17.24% (+0.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

ET Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2025	$19.81	$19.65	-0.81%
Nov 06, 2024	$16.82	$16.81	-0.06%
Aug 07, 2024	$14.79	$15.38	+3.99%
May 08, 2024	$15.08	$15.06	-0.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---