Energy Transfer LP

Energy Transfer posted a modest earnings beat in Q1 2025, delivering diluted EPS of $0.36 against a consensus estimate of $0.3544 — 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 <a href="https://247wallst.com/investing/2026/02/17/the-deal-no-one-saw-coming-why-energy-transfer-stock-will-leave-every-other-mlp-in-the-dust/">management's growth ambitions</a> remain anchored by reaffirmed 2025 Adjusted EBITDA guidance of $16.10 billion to $16.50 billion and roughly $5 billion in planned capital expenditures.