Energy Transfer Q2 2026: Net Income Jumps 80% to $2.09B, Guidance Raised
ET sits 28% above its 52-week low of $16.18.
Summary
Energy Transfer reported Q2 2026 net income of $2.09 billion, up 80% YoY, and raised full-year guidance. Adjusted EBITDA hit $5.07 billion, and the quarterly distribution was increased to $0.34 per unit.
Key Events · Earnings and Guidance · ET
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Net Income Surges 80%
Driven by strong performance across all segments, Q2 2026 net income attributable to partners reached $2.09 billion, up from $1.16 billion in Q2 2025.
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Adjusted EBITDA Hits $5.07B
Consolidated Adjusted EBITDA rose 31% YoY to $5.07 billion, with the NGL and refined products segment contributing $1.31 billion and the Sunoco LP segment adding $982 million.
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Full-Year Guidance Raised
Following the strong quarter, management increased its 2026 outlook, reflecting confidence in continued operational momentum.
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Distribution Increased to $0.34/Unit
The quarterly distribution was raised to $0.34 per common unit ($1.36 annualized), payable August 19, 2026, marking the third consecutive increase.
Analysis · ET · Energy & Transportation
A blowout quarter underscores Energy Transfer's ability to capitalize on favorable market dynamics. Net income surged 80% year-over-year to $2.09 billion, while Adjusted EBITDA climbed 31% to $5.07 billion. Every operating segment posted gains, fueled by wider basis differentials, higher volumes, and strong NGL export premiums. Reflecting this momentum, management raised full-year guidance and increased the quarterly distribution to $0.34 per unit. The balance sheet remains solid, with a 3.01x leverage ratio and ample liquidity, confirming the partnership's capacity to convert market conditions into substantial cash flow.
At the time of this filing, ET was trading at $20.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $71.1B. The 52-week trading range was $16.18 to $20.81. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.