MOSCOW (MRC) -- Energy Transfer LP reported financial results for the quarter ended June 30, 2022, said the company.
Energy Transfer reported net income attributable to partners for the three months ended June 30, 2022 of USD1.33 billion, a USD700 million increase from the same period last year. For the three months ended June 30, 2022, net income per limited partner unit (basic) was USD0.40 per unit.
Adjusted EBITDA for the three months ended June 30, 2022 was USD3.23 billion compared to USD2.62 billion for the three months ended June 30, 2021. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2022 was USD1.88 billion compared to USD1.39 billion for the three months ended June 30, 2021.
For the second quarter 2022, Energy Transfer had higher transportation volumes across all of its segments and a full quarter contribution from the Enable Midstream assets that were acquired in December 2021.
We remind, Energy Transfer LP's oil and gas liquids volumes increased in the three months ended on June 30 as the company ramps up processing and transportation system capacity.
Energy Transfer is evaluating petrochemical opportunities in the Gulf Coast and is in discussions with “high quality customers” for long-term, tolling-type agreements prior to making a final investment. Executives said during a conference call to discuss second quarter earnings that the company was considering significant partnerships that could provide access to ethylene and propylene that would allow its customers to access lowest-cost feedstocks.
Energy Transfer is one of America's largest and most diversified midstream energy companies.