Headquartered in Dallas, TX Fiscal year ends December NYSE: ET energytransfer.com
Energy Transfer LP is a publicly traded limited partnership that owns and operates a large, diversified portfolio of U.S. energy infrastructure. It has approximately 140,000 miles of pipeline and associated assets spanning 44 states, with assets in all major U.S. production basins.
Its core operations include:
- Natural gas midstream gathering and processing
- Intrastate and interstate natural gas transportation and storage, including the Hugh Brinson, Rover and MRT pipelines
- Crude oil transportation and terminalling, including the Bakken Pipeline, Bayou Bridge and Permian Express
- NGL and refined products transportation, terminalling and exports (Nederland and Marcus Hook terminals)
- NGL fractionation at Mont Belvieu
The Partnership also owns:
- The general partner interests, the incentive distribution rights and approximately 28 million common units of Sunoco LP, a fuel distribution and midstream partnership operating in 33 countries and territories.
- The managing member interests in SunocoCorp LLC.
- The general partner interests and approximately 46 million common units of USA Compression Partners, a natural gas compression services provider.
The company generates largely fee-based earnings supplemented by marketing activities. It is expanding through bolt-on acquisitions, such as the pending Vaquero Midstream deal, and through organic projects serving rising natural gas demand from power generation and LNG. Updated
The earnings miss is paper: $379 million of unrealized commodity hedging losses sit inside the GAAP per-unit number, while management lifted full-year adjusted EBITDA guidance to $19.7 billion to $19.9 billion. Revenue topped expectations.
The FY26 adjusted EBITDA guide above consensus is what income holders should care about, since $2.52 billion in distributable cash flow funds the payout regardless of the EPS miss.
ENERGY TRANSFER $ET Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $37.1B (Est. $31.61B) 🟢; +86% YoY 🔹 EPS: $0.33 (Est. $0.40) 🔴; +18% YoY 🔹 Adj. EBITDA: $5.03B (Est. $4.62B) 🟢; +31% YoY 🔹 Distributable Cash Flow: $2.52B FY26 Guide: 🔹 Adj. EBITDA: $19.70B-$19.90B (Est. $19.23B) https://t.co/F4Ix0Ym42J
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Energy Transfer LP is a publicly traded limited partnership that owns and operates a large, diversified portfolio of U.S. energy infrastructure. It has approximately 140,000 miles of pipeline and associated assets spanning 44 states, with assets in all major U.S. production basins.
24/7 Wall St.'s 12-month price target for ET is $23.64, rated Buy. The Wall Street consensus target is $24.70. ET price prediction →
