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Energy Transfer scored $2.4B gain from Texas freeze, prompting guidance raise

  • 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.

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