Apr. 23 at 4:06 PM
$ET Guidance increase?
Energy Transfer's earnings will likely end up at or above the top end of that guidance range, driven by higher oil-linked earnings and volumes.
We saw this during the 2022 oil price surge. Initially, Energy Transfer expected to generate between
$11.8 billion and
$12.2 billion of adjusted EBITDA. However, it steadily increased its outlook throughout the year due to strong demand and higher commodity prices. It ended up generating nearly
$13.1 billion in adjusted EBITDA, despite selling its Canadian midstream assets.
