"Energy Transfer LP (ET) Reports Record Q4 Earnings and NGL Exports Surge"

Energy Transfer reported its Q4 2023 earnings, revealing a 5% increase in adjusted EBITDA to $13.7 billion for the full year 2023, a partnership record, and $3.6 billion in excess cash flow after distributions. The company also discussed its financial position, including credit rating upgrades and available liquidity, as well as its growth projects and 2024 guidance, expecting adjusted EBITDA between $14.5 billion and $14.8 billion. Additionally, Energy Transfer addressed its capital allocation priorities, emphasizing a disciplined approach to growth projects, distribution growth, and potential unit buybacks.