Energy Transfer Reports Q4 2024 Results and 2025 Outlook

Summary

Energy Transfer LP announced its financial and operating results for the fiscal year and fourth fiscal quarter ended December 31, 2024. The company reported net income attributable to partners of $1.08 billion for Q4 2024, with Adjusted EBITDA increasing by 8% to $3.88 billion. Energy Transfer also provided its outlook for 2025, expecting Adjusted EBITDA between $16.1 billion and $16.5 billion and growth capital expenditures of approximately $5.0 billion. The company's operational and strategic highlights include the completion of the Sabina 2 pipeline conversion, optimization of the Grey Wolf processing plant, and entry into a long-term agreement with Cloudburst Data Centers, Inc. A press release with additional details is furnished as Exhibit 99.1.