Energy Transfer agrees to acquire Vaquero Midstream for $2.6B

Investing+2 · 3 hours ago
Energy Transfer agrees to acquire Vaquero Midstream for $2.6B
  • Energy Transfer agreed on October 6, 2026 to acquire Vaquero Midstream for about $2.63 billion, comprising $1.95 billion in cash and 33.3 million newly issued common units.
  • The deal adds a 300-mile Delaware Basin pipeline network and three natural gas processing trains with 675 MMcf/d of capacity, and is expected to close in Q4 2026.
  • Energy Transfer, Sunoco LP and SunocoCorp LLC will move their common unit listings from the NYSE to the Texas Stock Exchange, effective October 5, 2026.
  • Energy Transfer reported Q2 2026 net income attributable to partners of $2.09 billion and Adjusted EBITDA up 31% to $5.07 billion, and raised its quarterly distribution to $0.34 per common unit.
  • Stifel maintains a positive outlook on Energy Transfer and Williams Companies and highlights ET for the most upside in its Q3 and FY26 estimates ahead of Q3 earnings.
  • Energy Transfer releases Q3 2026 results on November 3, 2026.

Quotes

“is anticipated to be immediately accretive to distributable cash flow per common unit”— Ad-Hoc-News
“highlighting ET and WMB for the most upside in their Q3 and full-year 2026 estimates”— Stifel

Sources