Posted 11/1/2023, 10:09:00 PM
Energy Transfer Posts Record Volumes But Misses Earnings in Q3
- Energy Transfer's Q3 earnings slightly missed expectations, but NGL and crude volumes hit record highs
- Adjusted EBITDA was $3.54 billion, up from $3.09 billion last year
- Expects full-year 2023 adjusted EBITDA between $13.5-$13.6 billion
- NGL transportation volumes up 14%, crude volumes up 23% from last year
- Record NGL exports, up over 20%
- Acquiring Crestwood Equity Partners to expand gathering and processing assets
