- Energy Transfer (NYSE:ET) +3.4% post-market after routing expectations for Q1 earnings and revenues, and distributable cash flow nearly triples from the prior-year quarter.
- Q1 adjusted EBITDA nearly doubled from a year ago to $5.04B and easily topped $2.72B analyst consensus estimate.
- Cash from operations was used to cut outstanding debt by $3.7B.
- Energy Transfer now expects to realize a $2.4B total impact from the Texas winter storm, prompting it to raise full-year adjusted EBITDA guidance to $12.9B-$13.3B from $10.6B-$11B.
- Q1 growth capital spending totaled $360M; the partnership expects to spend ~$1.6B on growth capital expenditures for the full year.
Energy Transfer scored $2.4B gain from Texas freeze, prompting guidance raise
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Symbol | Last Price | % Chg |
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ET | - | - |
Energy Transfer LP Common Units |