Energy Transfer LP (NYSE:ET) Q4 2022 Earnings Call Transcript

Mackie McCrea: This is Mackie. A little bit hard to answer that question. But if you just reflect and look at our results, as we said, in every segment, we hit records. So yes, as midstream might have got a little bit tighter and POP maybe not as strong or maybe heading this year. That’s kind of the advantage of Energy Transfer, we’re so diversified in all the different aspects, crude, NGL, to midstream, to our intra- and interstate pipelines. So for example, we hit record volumes in some of our pipelines in the intrastate as well as other of our pipeline systems. So sure, there’s offsets when some of our segments may struggle like midstream. Certainly, that’s offset many times about maybe our crude business or our NGL business.

Michael Cusimano: Okay, got it. That’s helpful.

Mackie McCrea: Okay, I’m sorry. You have another question? Yes.

Michael Cusimano: That’s helpful, that’s all from me.

Mackie McCrea: Okay.

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: You bet. Once again, thank all of you for joining us today. Another great year we’ve delivered and we would be remiss if we didn’t thank all of the team members of Energy Transfer for delivering another great year and to getting our balance sheet back to where it needs to be, our financial flexibility it didn’t just happen by coincidence or accidents. So a huge complement to the entire Energy Transfer team, and we can’t thank all of you enough for your continued support, and we look forward to talking to all of you in the near future.

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