Energy Transfer LP
ET: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$67.00 | Pndff | Zkjx |
Energy Transfer's Q4 and Full-Year Results Slightly Exceed Expectations; 2023 Guidance Looks In Line
Energy Transfer’s fourth-quarter and full-year results met our expectations, including full-year EBITDA of $13.1 billion compared with our modeled $12.9 billion. We believe the upside is due primarily to capturing wider marketing spreads. 2023 guidance is set at a midpoint of $13.1 billion, equivalent to our $13.1 billion forecast.