Energy Transfer (ET) reported Q1 earnings late Tuesday of $0.36 per diluted share, up from $0.32 a year earlier.
Three analysts polled by FactSet expected $0.35.
Revenue for the quarter ended March 31 was $21.02 billion, down from $21.63 billion a year earlier.
Five analysts surveyed by FactSet expected $22.24 billion.
Shares of Energy Transfer were up nearly $1% in after-hours trading.