Energy Transfer(US:ET)2025-05-06 20:31Financial Performance - Net income attributable to the partners increased by 7% to $1.32 billion in Q1 2025 compared to Q1 2024[5] - Adjusted EBITDA increased by 6% to $4.10 billion in Q1 2025 compared to Q1 2024[6] - The company reiterated its 2025 Adjusted EBITDA guidance of $16.1 - $16.5 billion, with the midpoint up 5% compared to FY 2024[7] - Distributable Cash Flow attributable to partners was $2.31 billion in Q1 2025[8] Operational Highlights - Interstate natural gas transportation volumes increased by 3%, setting a new partnership record[8] - Crude oil transportation volumes increased by 10%[8] - NGL transportation volumes increased by 4%[8] - Total NGL exports increased by 5%[8] Strategic Initiatives - Commenced construction of the Hugh Brinson Pipeline, which will provide additional transportation capacity out of the Permian Basin[8] - The Hugh Brinson Pipeline project's combined capital costs for Phase 1 and Phase 2 are expected to be approximately $2.7 billion[21] - The Sabina 2 Pipeline conversion project is expected to increase capacity from 25,000 Bbls/d to approximately 70,000 Bbls/d[19]