Earnings Call Summary | Energy Transfer(ET.US) Q1 2024 Earnings Conference
Earnings Call Summary | Energy Transfer(ET.US) Q1 2024 Earnings Conference
The following is a summary of the Energy Transfer LP (ET) Q1 2024 Earnings Call Transcript:
以下是Energy Transfer LP（美國東部時間）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Energy Transfer reported Q1 2024 adjusted EBITDA of $3.9 billion, up from $3.4 billion in Q1 2023.
Distributable Cash Flow (DCF) increased to $2.4 billion, up from $2 billion in the same period last year, resulting in an excess cash flow of about $1.3 billion.
The company proposed a quarterly cash distribution of $0.3175 per common unit, a 3.3% increase from Q1 2023.
Energy Transfer invested $460 million in organic growth capital, primarily in the Midstream and NGL and Refined Products Segments.
No outstanding borrowings were reported under the company's revolving credit facility in Q1 2024.
The company redeemed $1.7 billion of senior notes using available cash and the proceeds from the revolving credit facility.
The company increased 2024's adjusted EBITDA guidance to between $15 billion and $15.3 billion.
Energy Transfer報告稱，2024年第一季度調整後的息稅折舊攤銷前利潤爲39億美元，高於2023年第一季度的34億美元。
可分配現金流（DCF）從去年同期的20億美元增加到24億美元，從而產生約13億美元的超額現金流。
該公司提議每普通單位的季度現金分配爲0.3175美元，較2023年第一季度增長3.3％。
Energy Transfer投資了4.6億美元的有機增長資本，主要投資於中游、液化天然氣和成品領域。
2024年第一季度，該公司的循環信貸額度下沒有報告未償借款。
該公司使用可用現金和循環信貸額度的收益贖回了17億美元的優先票據。
該公司將2024年調整後的息稅折舊攤銷前利潤預期提高至150億美元至153億美元之間。
Business Progress:
業務進展：
The company reported record volumes through crude pipelines and good performance across operations, with notable progress in NGL and Refined Products.
Crude oil segment's adjusted EBITDA rose to $848 million, due to stronger pipeline volumes and higher terminal throughput.
Growth projects are expected to drive future business, with 2024 growth capital expenditures projected to be approximately $2.9 billion.
-The company announced progress in the Warrior project, as well as plans for 8-10 megawatt gas-fired power plants in Texas.
Energy Transfer is exploring plans for a blue ammonia hub as a new avenue for growth.
An effort to connect to possible gas demand within 10 miles of their pipelines is underway, with a focus on power plants and a large chip manufacturer in Texas.
The company is also engaging with several power plants on natural gas power generation expansions, mainly in Texas and Oklahoma.
Energy Transfer cites growing demand for gas-powered data centers, especially around Artificial Intelligence.
The company anticipates an increase in gas demand and expects prices to rise to between $3.50 and $3.60 by the end of the year.
Project 'Blue Marlin,' expected to be commercially operational within two and a half to three years, is underway.
該公司報告稱，原油管道的產量創歷史新高，各運營業績良好，液化天然氣和成品油取得了顯著進展。
原油板塊調整後的息稅折舊攤銷前利潤增至8.48億美元，這要歸因於管道量增加和碼頭吞吐量增加。
增長項目預計將推動未來的業務，2024年的增長資本支出預計約爲29億美元。
-該公司宣佈了Warrior項目的進展情況，並計劃在德克薩斯州建造8-10兆瓦的燃氣發電廠。
Energy Transfer正在探索建造藍色氨氣樞紐的計劃，以此作爲新的增長途徑。
正在努力滿足其管道10英里範圍內可能的天然氣需求，重點是德克薩斯州的發電廠和一家大型芯片製造商。
該公司還與幾家發電廠合作擴建天然氣發電，主要位於德克薩斯州和俄克拉荷馬州。
Energy Transfer指出，對天然氣數據中心的需求不斷增長，尤其是圍繞人工智能的數據中心。
該公司預計天然氣需求將增加，並預計到年底價格將上漲至3.50美元至3.60美元之間。
“Blue Marlin” 項目正在進行中，預計將在兩年半到三年內投入商業運營。
More details: Energy Transfer IR
更多詳情： 能量傳遞紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。