- Q2 2026 net income attributable to partners rose to $2.09 billion from $1.16 billion a year earlier, with basic net income per common unit of $0.59 versus $0.32.
- Consolidated Adjusted EBITDA rose 31% to $5.07 billion in Q2 2026, and Distributable Cash Flow attributable to partners rose 32% to $2.59 billion, exceeding cash distributions.
- The partnership raised its 2026 Adjusted EBITDA guidance to $18.8-$19.1 billion from $18.2-$18.6 billion and expects $5.6-$5.9 billion of growth capital in 2026.
- Energy Transfer declared a quarterly distribution of $0.3400 per common unit, its nineteenth consecutive increase, and ended June 30, 2026 with $3.76 billion of available revolving credit capacity.
- In July 2026 the partnership completed $650 million of Series 2026A and $1.10 billion of Series 2026B junior subordinated notes due 2057, with initial rates of 6.550% and 6.700%.
- Simply Wall St estimates a fair value of $24.58 against a recent close of $20.72, a 16% undervaluation, and cites a $345 million court award tied to Greenpeace protests against the Dakota Access Pipeline.
Quotes
“Adjusted EBITDA for the three months ended June 30, 2026 was $5.07 billion”
“its nineteenth consecutive increase”