04:39 PM EDT, 05/08/2024 (MT Newswires) -- Energy Transfer ( ET ) reported Q1 net income Wednesday of $0.32 per diluted unit, same as the year earlier.

Analysts surveyed by Capital IQ expected $0.39.

Revenue in the quarter ended March 31 was $21.63 billion, up from $19 billion a year earlier.

Analysts surveyed by Capital IQ expected $20.91 billion.

Separately, CapturePoint and CapturePoint Solutions signed a revised letter of intent with an affiliate of Energy Transfer ( ET ) for the joint development of a project for carbon capture and permanent deep underground storage in Louisiana.

The companies also agreed to a CO2 offtake deal that commits carbon dioxide from Energy Transfer's ( ET ) natural gas treating facilities in Haynesville, according to the statement.