Energy Transfer reports EPS in-line, misses on revs (15.68 -0.31)
- Reports Q2 (Jun) earnings of $0.35 per share, in-line with the FactSet Consensus of $0.35; revenues rose 13.1% year/year to $20.73 bln vs the $22.01 bln FactSet Consensus.
- Adjusted EBITDA for the three months ended June 30, 2024 was $3.76 billion compared to $3.12 billion for the three months ended June 30, 2023. Adjusted EBITDA for the current quarter includes more than $80 million of transaction-related expenses incurred by the Partnership and Sunoco LP.
- With the addition of new organic growth projects and acquisitions, volumes on Energy Transfer's assets continued to increase during the second quarter of 2024.
- Crude oil transportation volumes were up 23%, setting a new Partnership record.
- Crude oil exports were up 11%.
- NGL fractionation volumes were up 11%.
- NGL exports were up approximately 3%, setting a new Partnership record.
- NGL transportation volumes were up 4%, setting a new Partnership record.