Energy Transfer LP (NYSE:ET) Q1 2024 Earnings Call Transcript

Mackie McCrea : I guess I would say it like this, is that we believe that once we receive the draft EIS, that we’re hopeful and confident that within a year we’ll get our permit and our license. We’re making certain assumptions of things that might happen in November. But certainly we are, the great thing about our project is unlike our competitors, it’s a brownfield project. We have a high party, a lot of it already in the ground or in the sea. And so we have a huge advantage there. We have a pretty good deal for cost for some of our competitors. We think we’re significantly less than that. We have the kind of unique ability to move barrels from different basins that some of our competitors can’t to feed that project. So we’re very optimistic, whether anyway to finish the answer to your question just say hypothetically by second third quarter of next year we’re ready to go.

I believe we’re looking at a two and a half three years. Yes, about two and half to three years before it would actually go in the surface.

Operator: This concludes our question and answer session. I would like to turn the conference back over to Tom Long for any closing remarks.

Tom Long : Once again, we appreciate all of you joining us today. Thank you for your support and we really look forward to any follow-up questions that y’all have in addressing those. Thank y’all.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.