Investor Presentaiton
What's New?
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ENERGY
TRANSFER
Operational
Midstream gathered volumes reached a
new record in Q1'23
Interstate segment throughput reached a
new record in Q1'23
Nederland Terminal set a new record for
LPG and ethane exports in Q1'23
Marcus Hook Terminal set a new record
for ethane exports in Q1'23
➤ Oasis optimization completed in Q1'23
which added more than 60,000 Mcf/d of
Permian takeaway
April 2023 fractionation throughput at
Mont Belvieu averaged more than
1 million barrels for first time in
Partnership history
Financials
Announced Revised 2023 Guidance:
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Expected Adj. EBITDA: $13.05-$13.45B
Expected Growth Capital': ~$2.0B
➤ Adjusted EBITDA:
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Q1'23: $3.43B
Distributable Cash Flow (DCF):
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Q1'23: $2.01B
Excess cash flow after distributions:
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Q1'23: $965mm
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Growth: $407 million
Q1'23 Capital Expenditures:
Maintenance: $149 million
Increased quarterly cash distribution from
$0.305 to $0.3075 per unit
Strategic
➤ On May 2, 2023, Energy Transfer
completed the acquisition of Lotus
Midstream Operations, LLC
Announced ~250,000 Bbls/d NGL export
expansion at Nederland
Announced new annual cash distribution
growth rate target of 3% to 5%
Continued to improve financial strength
with additional debt paydown in Q1'23
Energy Transfer expects to be at the lower
end of 4-4.5x target leverage ratio range²
going forward
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1.
Energy Transfer excluding SUN and USA Compression capital expenditures.
2.
Based on ET's calculation of the Rating Agency leverage ratios
Business continues to deliver outstanding operating and financial performance with record
volumes reported across several of ET's segments for Q1'23
3View entire presentation