Energy Transfer LP (ET) CEO Tom Long on Q4 2021 Results - Earnings Call Transcript

Energy Transfer LP (NYSE:ET) Q4 2021 Results Conference Call February 16, 2022 4:30 PM ET

Company Participants

Tom Long - Co-CEO
Mackie McCrea - Co-CEO

Conference Call Participants

Michael Lapides - Goldman Sachs
Chase Mulvehill - Bank of America
Jeremy Tonet - JPMorgan
Michael Blum - Wells Fargo
Jean Ann Salisbury - Bernstein
Timm Schneider - Citi
Spiro Dounis - Credit Suisse
Keith Stanley - Wolfe Research
Colton Bean - Tudor, Pickering, Holt

Operator

Greetings, and welcome to the Energy Transfer Fourth Quarter Earnings Results Conference Call. [Operator Instructions] Please note that this conference is also being recorded.

I will now turn the conference over to our host, Tom Long, Co-Chief Executive Officer for Energy Transfer. Thank you. You may begin.

Tom Long

Thank you, operator. Good afternoon, everyone, and welcome to the Energy Transfer Fourth Quarter 2021 Earnings Call, and thank you for joining us today. I'm also joined today by Mackie McCrea and other members of our senior management team, who are here to help answer your questions after our prepared remarks.

Hopefully, you saw the press release we issued earlier this afternoon as well as the slides posted to our website. As a reminder, we will be making forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements are based on our current beliefs as well as certain assumptions and information currently available to us and are discussed in more detail in our annual report on Form 10-K for the year ended December 31, 2021, which we expect to be filed this Friday, February 18.

I'll also refer to adjusted EBITDA and distributable cash flow, or DCF, both of which are non-GAAP financial measures. You'll find a reconciliation of our non-GAAP measures on our website.

I'd like to start today