Energy Transfer's Quiet Path To Gains
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Energy Transfer reported an 11.8% YoY increase in Q3 2024 adjusted EBITDA to $3.96 billion, driven by core business expansion. The company plans to invest $2.9 billion in 2024 to enhance NGL exports, Permian Basin facilities, and pipeline capacity, suggesting a potential long-term upside of over 36% based on forward EBITDA growth.
December 17, 2024 | 6:00 pm
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POSITIVE IMPACT
Energy Transfer's Q3 2024 adjusted EBITDA increased by 11.8% YoY to $3.96 billion, driven by core business throughput expansion. The company plans to invest $2.9 billion in 2024 to enhance NGL exports, Permian Basin facilities, and pipeline capacity, indicating a potential long-term upside of over 36% based on forward EBITDA growth.
The significant YoY increase in adjusted EBITDA and planned investments in key areas like NGL exports and pipeline capacity suggest strong future growth potential. Trading below historical EV/EBITDA average further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100