For more than two decades, Energy Transfer has helped supply America with energy. In that time, we’ve become one of the largest and most diversified energy infrastructure companies in North America. Our 2023 Corporate Responsibility Report highlights our successes, including our operational results, pipeline safety programs, risk management, and emissions reduction programs, among others.
In 2023, Energy Transfer and its consolidated subsidiaries employed more than 13,700 employees globally and ranked 43rd on the Fortune 500 list of America’s largest companies by revenue — our 17th year on the list.
For a quick glance, check out some highlights below:
• Safety Excellence – Achieved the best safety record in the history of our Partnership. Congratulations to our employees for their unwavering commitment to achieving operational excellence day in and day out.
• Financial Highs – Achieved partnership record $13.7 billion of adjusted EBITDA, up 5% over 2022.* Also upgraded by Fitch to a BBB credit rating.
• Record Volumes – Moved record volumes across all business segments. Also exported record NGLs from our Nederland and Marcus Hook Terminals.
• Growth – Acquired Crestwood Equity Partners and Lotus Midstream Operations. The acquisitions, totaling $8.6 billion, enhanced our system capabilities and contributed to moving record volumes. Also invested $1.6 billion in organic growth projects, including an eighth fractionator at Mont Belvieu NGL Complex and a new processing plant in the Permian Basin.
• Leadership – In 2023, our pipelines carried approximately 30% of the natural gas transported in the United States, and approximately 40% of the crude oil produced in the United States.
• Alternative Energy – Transported over 7 billion cubic feet of renewable natural gas (RNG) in 2023, an average of ~19,800 Mcf/day and a 40% increase from 2022, through 19 RNG plants/interconnects.
Our condensed report focuses only on updated metrics, new initiatives, and achievements specific to 2023. If there was no change to the information provided in 2022, you will not find any mention of it in this report. Our 2022 Corporate Responsibility Report can be found on our website. A full report will be issued again in 2024.
We’re proud of our successes in 2023, while steadfastly embracing new opportunities. Looking forward, we will continue to do what we do best – build and operate world-class assets to provide reliable and affordable energy to markets throughout the world.
