Energy Transfer LP

NYSE:ETUnited States

May 8, 2024

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• Energy Transfer Q1 Net Income Unchanged, Revenue Rises; Collaborates on Carbon Capture and Storage Project, from 4:39PM ET on Wednesday May 08, 2024 by MT Newswires

  4:39PM ET on Wednesday May 08, 2024 by MT Newswires
  Companies Mentioned: ET
  04:39 PM EDT, 05/08/2024 (MT Newswires) -- Energy Transfer (ET) reported Q1 net income Wednesday of $0.32 per diluted unit, same as the year earlier. Analysts surveyed by Capital IQ expected $0.39. Revenue in the quarter ended March 31 was $21.63 bi...

• Energy Transfer Reports Strong First Quarter 2024 Results, from 4:10PM ET on Wednesday May 08, 2024 by Dow Jones

  4:10PM ET on Wednesday May 08, 2024 by Dow Jones
  Companies Mentioned: ET
  -------------------------------------------------------------------------- The table below provides information on our revolving credit facility. We also have consolidated subsidiaries with revolving credit facilities which are not included in this table. Funds Available at Facility Size March 31, 2024 Maturity Date --------------- -------------------- ---------------- Five-Year Revolving Credit Facility $ 5,000 $ 4,971 April 11, 2027 ENERGY TRANSFER LP AND SUBSIDIARIES SUPPLEMENTAL INFORMATION ON UNCONSOLIDATED AFFILIATES (In millions) (unaudited) -------------------------------------------------------------------------- The table below provides information on an aggregated basis for our unconsolidated affiliates, which are accounted for as equity method investments in the Partnership's financial statements for the periods presented. Three Months Ended March 31, ---------------------- 2024 2023 -------- ------- Equity in earnings of unconsolidated affiliates: Citrus $ 37 $ 34 MEP 17 25 White Cliffs 6 1 Explorer 6 8 Other 32 20 -------- ------- Total equity in earnings of unconsolidated affiliates $ 98 $ 88 ======== ======= Adjusted EBITDA related to unconsolidated affiliates: Citrus $ 81 $ 79 MEP 26 34 White Cliffs 11 6 Explorer 10 13 Other 43 29 -------- ------- Total Adjusted EBITDA related to unconsolidated affiliates $ 171 $ 161 ======== ======= Distributions received from unconsolidated affiliates: Citrus $ 33 $ 48 MEP 23 33 White Cliffs 11 5 Explorer 8 8 Other 32 23 -------- ------- Total distributions received from unconsolidated affiliates $ 107 $ 117 ======== ======= ENERGY TRANSFER LP AND SUBSIDIARIES SUPPLEMENTAL INFORMATION ON NON-WHOLLY OWNED JOINT VENTURE SUBSIDIARIES (In millions) (unaudited) ---------------------------------------------------------------------------- The table below provides information on an aggregated basis for our non-wholly owned joint venture subsidiaries, which are reflected on a consolidated basis in our financial statements. The table below excludes Sunoco LP and USAC, which are non-wholly owned subsidiaries that are publicly traded. Three Months Ended March 31, ------------------------ 2024 2023 ------------ ---------- Adjusted EBITDA of non-wholly owned subsidiaries (100%) (a) $ 669 $ 611 Our proportionate share of Adjusted EBITDA of non-wholly owned subsidiaries (b) 321 294 Distributable Cash Flow of non-wholly owned subsidiaries (100%) (c) $ 645 $ 588 Our proportionate share of Distributable Cash Flow of non-wholly owned subsidiaries (d) 303 274 Below is our ownership percentage of certain non-wholly owned subsidiaries: Energy Transfer Percentage Non-wholly owned subsidiary: Ownership (e) ------------------------------------ Bakken Pipeline 36.4% Bayou Bridge 60.0% Maurepas 51.0% Ohio River System 75.0% Permian Express Partners 87.7% Red Bluff Express 70.0% Rover 32.6% Others various (a) Adjusted EBITDA of non-wholly owned subsidiaries reflects the total Adjusted EBITDA of our non-wholly owned subsidiaries on an aggregated basis. This is the amount included in our consolidated non-GAAP measure of Adjusted EBITDA. (b) Our proportionate share of Adjusted EBITDA of non-wholly owned subsidiaries reflects the amount of Adjusted EBITDA of such subsidiaries (on an aggregated basis) that is attributable to our ownership interest. (c) Distributable Cash Flow of non-wholly owned subsidiaries reflects the total Distributable Cash Flow of our non-wholly owned subsidiaries on an aggregated basis. (d) Our proportionate share of Distributable Cash Flow of non-wholly owned subsidiaries reflects the amount of Distributable Cash Flow of such subsidiaries (on an aggregated basis) that is attributable to our ownership interest. This is the amount included in our consolidated non-GAAP measure of Distributable Cash Flow attributable to the partners of Energy Transfer. (e) Our ownership reflects the total economic interest held by us and our subsidiaries. In some cases, this percentage comprises ownership interests held in (or by) multiple entities.
  

• *DJ Energy Transfer 1Q Net $1.24B >ET, from 4:10PM ET on Wednesday May 08, 2024 by Dow Jones

  4:10PM ET on Wednesday May 08, 2024 by Dow Jones
  Companies Mentioned: ET
  (In millions) (unaudited) -------------------------------------------------------------------------- The table below provides information on our revolving credit facility. We also have consolidated subsidiaries with revolving credit facilities which are not included in this table. Funds Available at Facility Size March 31, 2024 Maturity Date --------------- -------------------- ---------------- Five-Year Revolving Credit Facility $ 5,000 $ 4,971 April 11, 2027 ENERGY TRANSFER LP AND SUBSIDIARIES SUPPLEMENTAL INFORMATION ON UNCONSOLIDATED AFFILIATES (In millions) (unaudited) -------------------------------------------------------------------------- The table below provides information on an aggregated basis for our unconsolidated affiliates, which are accounted for as equity method investments in the Partnership's financial statements for the periods presented. Three Months Ended March 31, ---------------------- 2024 2023 -------- ------- Equity in earnings of unconsolidated affiliates: Citrus $ 37 $ 34 MEP 17 25 White Cliffs 6 1 Explorer 6 8 Other 32 20 -------- ------- Total equity in earnings of unconsolidated affiliates $ 98 $ 88 ======== ======= Adjusted EBITDA related to unconsolidated affiliates: Citrus $ 81 $ 79 MEP 26 34 White Cliffs 11 6 Explorer 10 13 Other 43 29 -------- ------- Total Adjusted EBITDA related to unconsolidated affiliates $ 171 $ 161 ======== ======= Distributions received from unconsolidated affiliates: Citrus $ 33 $ 48 MEP 23 33 White Cliffs 11 5 Explorer 8 8 Other 32 23 -------- ------- Total distributions received from unconsolidated affiliates $ 107 $ 117 ======== ======= ENERGY TRANSFER LP AND SUBSIDIARIES SUPPLEMENTAL INFORMATION ON NON-WHOLLY OWNED JOINT VENTURE SUBSIDIARIES (In millions) (unaudited) ---------------------------------------------------------------------------- The table below provides information on an aggregated basis for our non-wholly owned joint venture subsidiaries, which are reflected on a consolidated basis in our financial statements. The table below excludes Sunoco LP and USAC, which are non-wholly owned subsidiaries that are publicly traded. Three Months Ended March 31, ------------------------ 2024 2023 ------------ ---------- Adjusted EBITDA of non-wholly owned subsidiaries (100%) (a) $ 669 $ 611 Our proportionate share of Adjusted EBITDA of non-wholly owned subsidiaries (b) 321 294 Distributable Cash Flow of non-wholly owned subsidiaries (100%) (c) $ 645 $ 588 Our proportionate share of Distributable Cash Flow of non-wholly owned subsidiaries (d) 303 274 Below is our ownership percentage of certain non-wholly owned subsidiaries: Energy Transfer Percentage Non-wholly owned subsidiary: Ownership (e) ------------------------------------ Bakken Pipeline 36.4% Bayou Bridge 60.0% Maurepas 51.0% Ohio River System 75.0% Permian Express Partners 87.7% Red Bluff Express 70.0% Rover 32.6% Others various (a) Adjusted EBITDA of non-wholly owned subsidiaries reflects the total Adjusted EBITDA of our non-wholly owned subsidiaries on an aggregated basis. This is the amount included in our consolidated non-GAAP measure of Adjusted EBITDA. (b) Our proportionate share of Adjusted EBITDA of non-wholly owned subsidiaries reflects the amount of Adjusted EBITDA of such subsidiaries (on an aggregated basis) that is attributable to our ownership interest. (c) Distributable Cash Flow of non-wholly owned subsidiaries reflects the total Distributable Cash Flow of our non-wholly owned subsidiaries on an aggregated basis. (d) Our proportionate share of Distributable Cash Flow of non-wholly owned subsidiaries reflects the amount of Distributable Cash Flow of such subsidiaries (on an aggregated basis) that is attributable to our ownership interest. This is the amount included in our consolidated non-GAAP measure of Distributable Cash Flow attributable to the partners of Energy Transfer. (e) Our ownership reflects the total economic interest held by us and our subsidiaries. In some cases, this percentage comprises ownership interests held in (or by) multiple entities.