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Investing.com -- Energy Transfer (NYSE:ET) shares rose 5% as the company reported its first quarter 2025 financial results, which included a net income increase compared to the same period last year. The Dallas-based energy company posted a net income attributable to partners of $1.32 billion for the quarter ended March 31, 2025, up from $1.24 billion in the first quarter of the previous year.
Despite the rise in net income, Energy Transfer’s revenue for the quarter was $21.02 billion, falling short of the consensus estimate of $22.42 billion. However, the company’s earnings per share (EPS) matched analyst expectations at $0.36. The company also saw a rise in volumes across its transportation segments, with interstate natural gas transportation volumes up 3%, crude oil transportation volumes up 10%, and NGL transportation volumes up 4%.
Energy Transfer’s operational highlights included the commissioning of a natural gas-fired electric generation facility in Texas and the commencement of construction for the Hugh Brinson Pipeline. Strategically, the company entered into an agreement for the joint development of the Lake Charles LNG project and signed a long-term agreement to provide natural gas to Cloudburst Data Centers, Inc.
Financially, the company announced a quarterly cash distribution increase of over 3% compared to the first quarter of 2024. Energy Transfer expects its 2025 Adjusted EBITDA to be between $16.1 billion and $16.5 billion, with growth capital expenditures estimated at approximately $5 billion.
The company’s diverse portfolio of assets and fee-based segment margins, which have limited commodity price sensitivity, contributed to the positive outlook.
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