Energy Transfer faces 20% pressure cut on Michigan pipeline after federal repair order

Ad-Hoc-News+1 · 2 hours ago
Energy Transfer faces 20% pressure cut on Michigan pipeline after federal repair order
  • Federal regulators ordered repairs and lower operating pressure across the 130-mile line on Oct 14, 2026, after a leak; the isolated 16-mile segment stays shut until a restart plan is approved.
  • Energy Transfer agreed on Oct 6, 2026 to acquire Vaquero Midstream for USD 2.63 billion, including USD 1.95 billion in cash and 33.30 million newly issued common units.
  • Q2 2026 adjusted EPS was USD 0.59 versus USD 0.37 expected; adjusted EBITDA rose 30.80% year over year to about USD 5.10 billion.
  • FY25 Adjusted EBITDA was nearly $16 billion, up 3% from 2024, and the company raised 2026 Adjusted EBITDA guidance to $17.45-$17.85 billion with $5-$5.5 billion of organic growth capital.
  • Energy Transfer suspended development of the Lake Charles LNG project to prioritize higher-return opportunities and maintain capital discipline.
  • Mizuho raised its target on ET from USD 25.00 to USD 26.00 on Oct 13, 2026 and kept an Outperform rating.
  • Q3 2026 results are scheduled before the market opens on Nov 3, 2026, with a 9:00 a.m. ET conference call.
  • Market capitalization was USD 69.73 billion on Oct 14, 2026, with a 52-week range of USD 16.18 to USD 21.84.