Energy Transfer Reports Second Quarter 2026 Results and Updates 2026 Financial Guidance

About this update from Energy Transfer Lp

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 comp...

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