Energy Transfer Q2 Net Income Soars 80%, Raises 2026 EBITDA Guidance
ET sits 26% above its 52-week low of $16.18.
Summary
Energy Transfer delivered a blowout Q2: net income jumped 80% to $2.09B, Adjusted EBITDA surged 31% to $5.07B, and distributable cash flow rose 32% to $2.59B. The partnership raised full-year 2026 Adjusted EBITDA guidance to $18.8B-$19.1B, up from $18.2B-$18.6B, signaling confidence in sustained momentum. Operational records were set across NGL transport, exports, crude transport, and midstream gathered volumes. Strategic growth is accelerating—the Hugh Brinson Pipeline is in service, the Nederland export expansion is fully subscribed, and new processing plants are online. The 19th consecutive quarterly distribution increase to $0.34/unit underscores management's commitment to returning capital. This follows a strong Q1 and the recent $1.75B notes offering, which bolsters liquidity for the $5.6B-$5.9B growth capex plan. The stock is trading near its 52-week high, and these results justify the premium.
At the time of this announcement, ET was trading at $20.44 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $69.8B. The 52-week trading range was $16.18 to $20.70. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.