Energy Transfer's Strong Earnings Growth Powered by Acquisitions

Friday, 10 May 2024, 09:13

Energy Transfer's earnings have surged in 2024 driven by recent acquisitions, leading to robust volume growth. Acquiring NuStar by affiliate Sunoco is expected to boost earnings further this year. With solid first-quarter results and planned expansion projects, Energy Transfer is set for continued growth and increased distribution.
https://store.livarava.com/375d2cf1-0eae-11ef-a6c2-63e1980711b2.jpg
Energy Transfer's Strong Earnings Growth Powered by Acquisitions

Acquisition-fueled volume and earnings growth

Energy Transfer performed exceptionally well in the first quarter of 2024, with a 13.1% increase in adjusted EBITDA and a 17.4% surge in distributable cash flow.

  • Acquisitions: Recent acquisitions, including Lotus Midstream and Crestwood Equity Partners, have been key drivers of growth.

Set up for a strong year

Energy Transfer is expected to continue its growth trajectory in 2024, benefiting from acquisitions such as NuStar by Sunoco, leading to a projected increase in adjusted EBITDA.

  • Organic growth prospects: The company has approved several expansion projects to support future growth and increase distribution.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe