Energy Transfer (ET) Misses Q1 EPS by 6c; Provides 2023 Outlook Update

Energy Transfer (NYSE: ET) reported Q1 EPS of $0.32, $0.06 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $19 billion versus the consensus estimate of $22.21 billion.

2023 Outlook Update

Given Energy Transfer’s acquisition of Lotus Midstream Operations, LLC, as well as continued increasing demand, the Partnership now expects Adjusted EBITDA for the full year 2023 to be between $13.05 billion and $13.45 billion (previously $12.9 billion to $13.3 billion). The Partnership expects its 2023 growth capital expenditures to be approximately $2.0 billion.

For earnings history and earnings-related data on Energy Transfer (ET) click here.

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