Vitality Switch (NYSE:ET) -1.8% post-market Wednesday after lacking expectations for This autumn adjusted earnings and revenues, even because it moved a file quantity of volumes throughout all core segments in 2022.

This autumn web revenue attributable to companions elevated to $1.16B from $926M within the year-earlier quarter, and adjusted EBITDA climbed to $3.44B from $2.81B, with the positive aspects due primarily to greater volumes throughout all core segments in comparison with the earlier 12 months and the Allow Midstream acquisition.

This autumn distributable money move was $1.91B, in comparison with $1.6B for a similar interval final 12 months.

Vitality Switch (ET) stated This autumn pure gasoline liquids fractionation volumes rose 7% Y/Y and set a brand new file, and single-day fractionation throughput at Mont Belvieu topped 1M barrels for the primary time within the partnership’s historical past.

NGL transportation volumes rose 5% to a file 2M bbl/day in This autumn from 1.9M bbl/day for a similar interval the 12 months earlier, and midstream throughput volumes jumped 32%, additionally setting a brand new file.

This autumn NGL exports from the Nederland terminal additionally reached a brand new file, the corporate stated.

For FY 2023, Vitality Switch (ET) guided for adjusted EBITDA of $12.9B-$13.3B, and expects progress capital expenditures of $1.6B-$1.8B and upkeep capital spending of $725M-$775M.

On its post-earnings convention name, name, Vitality Switch (ET) stated that on account of a excessive stage of competitors, it’s taking longer than anticipated to achieve a ultimate funding choice on its introduced Lake Charles LNG venture.

The partnership additionally stated it has contracted 25%-30% of the wanted quantity to make a ultimate funding choice on its introduced Warrior pipeline in Texas.

Vitality Switch (ET) models have gained 13% to this point this 12 months and 29% in the course of the previous 12 months.