Energy Transfer's Strong Earnings Growth Powered by Acquisitions
Friday, 10 May 2024, 09:13
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.