Energy Transfer LP announced a quarterly cash distribution of $0.305 per Energy Transfer common unit ($1.22 on an annualized basis) for the fourth quarter ended December 31, 2022, which will be paid on February 21, 2023 to unitholders of record as of the close of business on February 7, 2023. The distribution per unit is an approximate 75% increase over the fourth quarter of 2021 and is a 15% increase over the third quarter of 2022. This distribution increase represents another step in Energy Transfer's plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA.

Future distributions will be evaluated, while balancing the partnership's leverage target, growth opportunities and unit buy-backs.