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as of 08-21-2026 3:46pm EST

$21.22
+$0.00
+0.02%
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Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.

Founded: 2002 Country:
United States
United States
Employees: N/A City: DALLAS
Market Cap: 69.8B IPO Year: 2005
Target Price: $21.67 AVG Volume (30 days): 9.5M
Analyst Decision: Buy Number of Analysts: 9
Dividend Yield:
6.83%
Dividend Payout Frequency: N/A
EPS: N/A EPS Growth: N/A
52 Week Low/High: $16.18 - $21.64 Next Earning Date: 05-05-2026
Revenue: $85,536,000,000 Revenue Growth: 3.47%
Revenue Growth (this year): 20.84% Revenue Growth (next year): 4.61%
P/E Ratio: 15.59 Index: N/A
Free Cash Flow: 3.8B FCF Growth: -47.62%

AI-Powered ET Daily Prediction

Machine learning model trained on 25+ technical indicators

Updated 3 days ago

AI Recommendation

hold
Model Accuracy: 75.92%
75.92%
Confidence

Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.

Stock Insider Trading Activity of Energy Transfer LP (ET)

Buy
ET Aug 19, 2026

Avg Cost/Share

$21.26

Shares

647,968

Total Value

$13,775,799.68

Owned After

147,901,879

SEC Form 4

Buy
ET Aug 18, 2026

Avg Cost/Share

$21.27

Shares

352,032

Total Value

$7,487,720.64

Owned After

147,901,879

SEC Form 4

ET Aug 7, 2026

Avg Cost/Share

$20.23

Shares

12,359

Total Value

$250,000.43

Owned After

208,046

SEC Form 4

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q2

Q2 2026 Earnings

8-K SELL

Aug 4, 2026 · 100% conf.

AI Prediction SELL

1D

-0.73%

$20.18

Act: +0.05%

5D

-1.94%

$19.94

Act: +2.36%

20D

-0.10%

$20.31

Price: $20.33 Prob +5D: 0% AUC: 1.000
0001276187-26-000033

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ENERGY TRANSFER REPORTS SECOND QUARTER 2026 RESULTS

AND UPDATES 2026 FINANCIAL GUIDANCE

Dallas – August 4, 2026 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended June 30, 2026.

Energy Transfer reported net income attributable to partners for the three months ended June 30, 2026 of $2.09 billion compared to $1.16 billion for the three months ended June 30, 2025. For the three months ended June 30, 2026, net income per common unit (basic) was $0.59.

Adjusted EBITDA for the three months ended June 30, 2026 was $5.07 billion compared to $3.87 billion for the three months ended June 30, 2025, an increase of 31%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended June 30, 2026 was $2.59 billion compared to $1.96 billion for the three months ended June 30, 2025, an increase of 32%.

The Partnership now expects its Adjusted EBITDA guidance for the full year of 2026 to range between $18.8 billion and $19.1 billion, compared to the previous range of between $18.2 billion and $18.6 billion. The Partnership expects to invest $5.6 billion to $5.9 billion in growth capital for 2026.

Growth capital expenditures in the second quarter of 2026 were $1.10 billion; maintenance capital expenditures were $307 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the second quarter of 2026 compared to the second quarter of 2025.

◦NGL transportation volumes were up 13%, setting a new Partnership record.

◦NGL exports were up 25%, setting a new Partnership record.

◦NGL fractionation volumes were up 3%.

◦Crude oil transportation volumes were up 4%, setting a new Partnership record.

◦Midstream gathered volumes were up 4%, setting a new Partnership record.

Strategic Highlights

•Energy Transfer is well positioned to benefit from multiple visible growth drivers across the business.

◦Increasing demand for natural gas infrastructure expansion to support the growing needs for power generation and LNG exports:

▪The Hugh Brinson Pipeline is now in commercial service and is expected to be capable of flowing the full Phase I capacity of 1.5 Bcf/d by September 1, 2026.

▪During the second quarter of 2026, Energy Transfer completed another 14-mile lateral off the Hugh Brinson Pipeline in Abilene, Texas, and it is now ready for service.

▪During the second quarter of 2026, Energy Transfer continued the development of its Desert Southwest expansion project and FERC recently completed scoping meetings in communities along the route.

▪In May 2026, Energy Transfer announced the Springerville Lateral on Transwestern Pipeline to support the conversion of two coal-fired plants to natural gas.

▪Energy Transfer recently had two customers add a combined 100 MMcf/d to their existing contracts for natural gas services to their power plant or data center sites in Texas.

▪Energy Transfer expects to announce additional natural gas pipeline projects later this year to fuel growing power demand.

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◦Growing demand for Natural Gas Liquids (NGLs) exports:

▪In June 2026, Energy Transfer announced a fully subscribed export expansion at Nederland facility. The project will increase ethane export capacity at the terminal by 240,000 barrels per day (bpd) along with 55,000 bpd of additional LPG capacity. As part of the expansion, Energy Transfer will also expand its Mont Belvieu to Nederland NGL export pipeline capacity to service the increased refrigeration capacity and will construct two additional NGL ship docks.

▪In the second quarter of 2026, Energy Transfer completed upgrades to its Lone Star Express pipeline, which provides more than 90,000 Bbls/d of incremental Permian NGL takeaway capacity on the pipeline system.

▪In the second quarter of 2026, Energy Transfer signed long-term transportation and/or fractionation agreements for approximately 300,000 Bbls/d on its y-grade assets that extend into the 2030s.

▪In June 2026, Energy Transfer placed the 275 MMcf/d Mustang Draw I processing plant into service in the Midland Basin.

▪In June and July 2026, Energy Transfer placed its third and fourth of eight planned 10-megawatt natural-gas fired electric generation facilities into service in West Texas to support the Partnership’s operations.

Financial Highlights

•In July 2026, Energy Transfer announced a quarterly cash distribution of $0.3400 per common unit ($1.36 annualized) for the quarter ended June 30, 2026, which is an increase of more than 3% compared to the second quarter of 2025. This is the Partnership’s nineteenth consecutive increase to its quarterly cash distribution.

•In July 2026, the Partnership issued $650 million aggregate principal amount of its Series 2026A junior subordinated notes due 2057 (the “Series 2026A notes”) and $1.10 billion aggregate principal amount of its Series 2026B junior subordinated notes due 2057 (the “Series 2026

2026
Q1

Q1 2026 Earnings

8-K

May 5, 2026

0001276187-26-000021

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ENERGY TRANSFER REPORTS FIRST QUARTER 2026 RESULTS

AND UPDATES 2026 FINANCIAL GUIDANCE

Dallas – May 5, 2026 - Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2026.

Energy Transfer reported net income attributable to partners for the three months ended March 31, 2026 of $1.25 billion compared to $1.32 billion for the three months ended March 31, 2025. For the three months ended March 31, 2026, net income per common unit (basic) was $0.35.

Adjusted EBITDA for the three months ended March 31, 2026 was $4.94 billion compared to $4.10 billion for the three months ended March 31, 2025, an increase of 20%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2026 was $2.70 billion compared to $2.31 billion for the three months ended March 31, 2025.

The Partnership now expects its Adjusted EBITDA guidance for the full year of 2026 to range between $18.2 billion and $18.6 billion, compared to the previous range of between $17.45 billion and $17.85 billion. The Partnership expects to invest $5.5 billion to $5.9 billion in growth capital for 2026.

Growth capital expenditures in the first quarter of 2026 were $1.53 billion; maintenance capital expenditures were $175 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the first quarter of 2026 compared to the first quarter of 2025.

◦NGL and refined products terminal volumes were up 19%, setting a new Partnership record.

◦NGL exports were up 19%, setting a new Partnership record.

◦NGL transportation volumes were up 12%.

◦NGL fractionation volumes were up 11%, setting a new Partnership record.

◦Crude oil transportation volumes were up 8%, setting a new Partnership record.

◦Midstream gathered volumes were up 6%, setting a new Partnership record.

•In the first quarter, the Partnership’s Gateway NGL Pipeline debottlenecking project was placed into service, providing increased deliveries of Delaware Basin volumes to Energy Transfer’s NGL fractionation complex at Mont Belvieu.

•Construction is also underway on a new 3 million barrel ethane storage cavern at Energy Transfer’s NGL fractionation complex at Mont Belvieu. The cavern, which is expected in service in second half of 2027, will support Energy Transfer’s ninth fractionator at Mont Belvieu, as well as future ethane export expansions.

•The Partnership has now added connections to serve four new power plant loads in Oklahoma which will deliver approximately 300 MMcf/d of new gas supply. The first of these connections is now in service, with two more expected to be in service in the third quarter of this year, and the remaining connection expected to be in service in the fourth quarter of 2028.

•The Partnership’s 275 MMcf/d Mustang Draw I processing plant is currently being commissioned and is expected to be in full service in June 2026.

Strategic Highlights

•In February, Florida Gas Transmission (“FGT”), an Energy Transfer operated joint venture, completed Open Seasons on two new projects that are supported by 15- to 25-year agreements with anchor shippers. The FGT Phase IX project includes approximately 90 miles of pipeline looping and compression facilities with an expected capacity of approximately 525 MMcf/d. Subject to conditions precedent and reaching FID, the FGT South Florida project is an approximately 40-mile pipeline extension with an expected capacity of approximately 230 MMcf/d, along with compression and a new meter station.

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•In March, Transwestern Pipeline initiated the FERC pre-filing process for its Desert Southwest expansion project, as previously scheduled, and expects to file the formal certificate application with FERC in the fourth quarter of this year. In April, as part of its stakeholder engagement program, Energy Transfer hosted 15 open houses in communities along the proposed pipeline route throughout Texas, New Mexico and Arizona.

•Energy Transfer has recently entered into agreements to provide long-term, firm natural gas transportation services through its Texas intrastate system to support the Nexus Hubbard Campus, located in central Texas, where Nexus is constructing a behind-the-meter AI hyperscale campus powered by on-site natural gas generation.

•Energy Transfer recently approved the construction of the new Springerville Lateral Project, an approximately 120-mile, 30-inch pipeline with a capacity of approximately 625 MMcf/d that will extend south from ET’s existing Transwestern Pipeline to new natural gas-powered generation that is expected to replace two coal-fired plants. The project is backed by 20-year agreements and is expected to be in service in the fourth quarter of 2029. Total growth capital is expected to be approximately $600 million.

•At Nederland, Energy Transfer recently extended the majority of its existing ethane export agreements into

2025
Q4

Q4 2025 Earnings

8-K

Feb 17, 2026

0001276187-26-000004

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ENERGY TRANSFER REPORTS FOURTH QUARTER 2025 RESULTS

Dallas – February 17, 2026 – Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2025.

Energy Transfer reported net income attributable to partners for the three months ended December 31, 2025 of $928 million compared to $1.08 billion for the same period last year. For the three months ended December 31, 2025, net income per common unit (basic) was $0.25.

Adjusted EBITDA for the three months ended December 31, 2025 was $4.18 billion compared to $3.88 billion for the same period last year, an increase of 8%.

Distributable Cash Flow attributable to partners, as adjusted, for the three months ended December 31, 2025 was $2.04 billion compared to $1.98 billion for the same period last year.

Growth capital expenditures in the fourth quarter of 2025 were $1.40 billion; maintenance capital expenditures were $355 million.

Operational Highlights

•Energy Transfer’s volumes continued to grow during the fourth quarter of 2025 compared to the fourth quarter of 2024.

◦NGL and refined product terminals volumes were up 12%.

◦NGL transportation volumes were up 5%.

◦NGL fractionation volumes were up 3%, setting a new Partnership record.

◦NGL exports were up 12%.

◦Crude oil transportation volumes were up 6%, setting a new Partnership record.

◦Midstream gathered volumes were up 4%.

◦Interstate natural gas transportation volumes were up 4%.

◦Intrastate natural gas transportation volumes were up 3%.

•Construction is underway on Mustang Draw II, a new 275 MMcf/d processing plant and related facilities in the Midland Basin. The plant is fully contracted and is expected to be in service in the fourth quarter 2026.

•In January 2026, Energy Transfer commenced natural gas deliveries to Oracle’s data center near Abilene, Texas under the first of multiple long-term agreements to supply an aggregate of approximately 900 MMcf/d of natural gas to three Oracle data centers, two of which are located in Texas.

Strategic Highlights

•In January 2026, Florida Gas Transmission (“FGT”), a joint venture pipeline which Energy Transfer operates, held an Open Season on two projects to meet growing demand across Florida. Both projects are supported by long-term, binding agreements from anchor customers.

◦The FGT Phase IX Project is designed to expand capacity to multiple locations across FGT’s market area for existing customers. The project includes the construction of up to 82 miles of pipeline looping, along with new and upgraded compression station facilities. Energy Transfer’s share of the project costs, excluding AFUDC, is expected to be up to $535 million. The project is expected to be in-service in the fourth quarter of 2028.

◦The South Florida Project includes the construction of a new 37-mile pipeline lateral and related facilities which are designed to enhance system reliability and efficiency in South Florida. Energy Transfer’s share of the project costs, excluding AFUDC, is expected to be $110 million. The project is expected to be in-service in the first quarter of 2030.

•In December 2025, Energy Transfer increased the transportation capacity of Transwestern Pipeline’s planned Desert Southwest expansion project to meet additional customer demand. The project’s main line pipeline diameter will be

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upsized from 42 inches to 48 inches, which increases the project’s capacity to up to 2.3 Bcf/d and the cost up to approximately $5.6 billion. The project is supported by long-term contracts to serve continued population growth and positive economic momentum throughout Arizona and New Mexico. Natural gas for this project will be sourced from Energy Transfer’s premier asset base in the prolific Permian Basin.

•In December 2025, Energy Transfer suspended development of the Lake Charles LNG export project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provide superior risk/return profiles.

•In November 2025, Energy Transfer signed a 20-year natural gas firm transportation agreement with Entergy Louisiana for natural gas capacity to support new economic development in North Louisiana. The project includes expanding Energy Transfer’s Tiger Pipeline with the construction of a 12-mile lateral, which is expected to have a capacity of 250,000 MMBtu/d. Natural gas supply for this project will be sourced from Energy Transfer’s extensive pipeline network, which is connected to all the major producing basins in the U.S.

Financial Highlights

•In January 2026, Energy Transfer announced a quarterly cash distribution of $0.3350 per common unit ($1.34 annualized) for the quarter ended December 31, 2025, which is an increase of more than 3% compared to the fourth quarter of 2024.

•As of December 31, 2025, the Partnership’s revolving credit facilit

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