ET Q1 2025

Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Energy Transfer posted a modest earnings beat in Q1 2025, delivering diluted EPS of $0.36 against a consensus estimate of $0.35, a 1.58% positive surprise, even as revenue of $21.02 billion came in 2.41% below expectations and slipped 2.8% year-over-… Read more Energy Transfer posted a modest earnings beat in Q1 2025, delivering diluted EPS of $0.36 against a consensus estimate of $0.35, a 1.58% positive surprise, even as revenue of $21.02 billion came in 2.41% below expectations and slipped 2.8% year-over-year. The top-line softness was largely cosmetic, however, reflecting lower cost of products sold rather than any fundamental weakness in throughput, with consolidated Adjusted EBITDA climbing to $4.10 billion from $3.88 billion a year earlier. The standout driver was the Midstream segment, where Adjusted EBITDA surged to $925 million from $696 million, boosted by Permian volume growth and a $160 million non-recurring recognition tied to Winter Storm Uri. Strategic momentum is building beyond the income statement as well: the partnership is advancing the Lake Charles LNG project toward a final investment decision after securing additional offtake agreements, while management's growth ambitions remain anchored by reaffirmed 2025 Adjusted EBITDA guidance of $16.10 billion to $16.50 billion and roughly $5 billion in planned capital expenditures.