Energy Transfer Reports Strong First Quarter 2023 Results and Updates 2023 Outlook

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2023.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2023 of $1.11 billion. For the three months ended March 31, 2023, net income per common unit (basic and diluted) was $0.32 per unit.

Adjusted EBITDA for the three months ended March 31, 2023 was $3.43 billion compared to $3.34 billion for the three months ended March 31, 2022.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2023 was $2.01 billion compared to $2.08 billion for the three months ended March 31, 2022.

Growth capital expenditures in the first quarter of 2023 were $407 million while maintenance capital expenditures were $149 million.