Energy Transfer: Strong Quarter And Stronger Outlook For The Year

Energy Transfer delivered strong Q1 results, beating revenue, EBITDA, and distributable cash flow estimates with broad-based operational strength. ET raised full-year adjusted EBITDA guidance to $18.2–18.6 billion and increased its growth capital budget, reflecting confidence in ongoing project execution. Operational records were set across NGL, refined products, crude oil, and midstream volumes, underpinned by 90% fee-based EBITDA and diversified business mix.