Energy Transfer reported Q2 results and updated guidance early Tuesday. The earnings call is underway with analysts focused on the revised outlook.
Energy Transfer reported second-quarter results and updated its full-year guidance early Tuesday, ahead of the usual market open. The press release, which also contained a detailed management discussion and analysis, was posted to the company's website before the 9 a.m. Eastern conference call.
Tom Long, the co-CEO, led the call alongside co-CEO Marshall McCrea, CFO Dylan Bramhall, and liquids business head Adam Arthur. Analysts from Barclays, Bank of America, Wolfe Research, JPMorgan, Goldman Sachs, and UBS dialed in.
Long said the release included a guidance update and encouraged participants to review the full MD&A for segment-level detail and growth opportunities. Specific financial figures were not read during the opening remarks.
Energy Transfer has been on a strong run. In the previous quarter, the partnership posted 20% EBITDA growth and a $25 billion backlog, pushing units to record highs. That performance sets a high bar for the current period. Energy Transfer Hits Record Highs on 20% EBITDA Growth, $25B Backlog
AlphaScala's Alpha Score assigns Energy Transfer a 62 out of 100, a Moderate rating, reflecting a balanced risk-reward profile in the energy midstream sector.
The call moved into questions shortly after 9 a.m. A full replay and the press release are available on Energy Transfer's investor relations page.
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