Energy Transfer Expects Its 2024 Adjusted EBITDA Of $14.5B-$14.8B
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer projects its 2024 Adjusted EBITDA to be between $14.5B-$14.8B, marking a 7% increase from its 2023 Adjusted EBITDA of $13.7B, which itself was $100M above the company's highest estimates for 2023.
February 14, 2024 | 9:28 pm
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Energy Transfer expects a significant increase in its 2024 Adjusted EBITDA, projecting it to be between $14.5B and $14.8B.
The projected increase in Adjusted EBITDA for 2024 suggests a positive outlook for Energy Transfer's financial health and operational efficiency. This forecast, being significantly higher than the previous year's performance and exceeding the company's own estimates, indicates strong operational performance and potentially increased profitability. Such positive financial projections are likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100