Energy Transfer LP (ET) Q3 2022 Earnings Call Transcript

Energy Transfer LP (NYSE:ET) Q3 2022 Results Conference Call November 1, 2022 4:30 PM ET

Company Participants

Tom Long - Co-CEO
Marshall McCrea - Co-CEO

Conference Call Participants

Jeremy Tonet - JPMorgan
Chase Mulvehill - Bank of America
Marc Solecitto - Barclays
Gabe Moreen - Mizuho
Ann Salisbury - Bernstein
Michael Blum - Wells Fargo
Brian Reynolds - UBS

Operator

Good afternoon, and welcome to the Energy Transfer Third Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded today.

I would now like to turn the conference over to Tom Long, Co-CEO.

Please go ahead, sir.

Tom Long

Thank you, operator. Good afternoon, everyone, and welcome to the Energy Transfer third quarter 2022 earnings call. I'm also joined today by Mackie McCrea and other members of the senior management team, who are here to help answer your questions after the 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 upon our current beliefs as well as certain assumptions and information currently available to us and are discussed in more detail in our quarterly report on Form 10-Q for the quarter ended September 30, 2022, which we expect to be filed this Thursday, November 3.

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'll start today by going over our third quarter financial results. We