ET

Energy Transfer remains a Strong Buy, with Q3 results delivering a clear beat, record volumes, and 33% DCF growth at 2.1x coverage. ET's valuation remains discounted, trading at 8.68x EV/EBITDA despite sector-leading growth and a forward yield of 7.04%, above key peers. The Vaquero Midstream acquisition adds fee-based, long-term contracted volumes, supporting ET's stable, growth-oriented strategy with minimal dilution.

Energy Transfer turned in strong Q3 results, helped by continued energy market volatility. The company is ramping up growth and is the cheapest stock in the space.

Energy Transfer raises its 2026 adjusted EBITDA outlook and plans about $7 billion in 2027 growth spending, as gas projects and export expansions take shape.

Energy Transfer NYSEAMERICAN: ET reported third-quarter 2026 results marked by higher adjusted EBITDA, stronger distributable cash flow and an increased full-year outlook, as volume growth, new infrastructure and favorable market conditions lifted performance across its business segments.

Energy Transfer's adjusted EBITDA surged 31% in the third quarter, and it increased its full-year guidance by another 4.5% at the midpoint. The pipeline giant generated enough distributable cash flow to cover its high-yielding payout more than twice over.

Energy Transfer LP delivered strong Q3 results, with distributable cash flow up 33% year-over-year, reinforcing its appeal as a dividend growth investment. ET's fee-based business model benefits from robust volume growth and macro tailwinds, including increased US energy exports and AI-driven energy demand. The company raised its quarterly dividend to $0.3425, maintaining a conservative payout ratio below 50% and targeting 3–5% annual dividend growth.

The headline numbers for Energy Transfer LP (ET) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (TXSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2026. Energy Transfer reported net income attributable to partners for the three months ended September 30, 2026 of $1.21 billion compared to $1.02 billion for the three months ended September 30, 2025. For the three months ended September 30, 2026, net income per common unit (basic) was $0.33. Adjusted EBITDA for the three months en.

Energy Transfer continues to outperform, with strong Q2 results and high expectations for another beat-and-raise in Q3. ET's 2027 EBITDA guidance appears conservative given favorable NGL export demand, asset expansions, and robust blending margins. Leverage concerns are dissipating as ET's ratio rapidly improves, heading below 4.0 this year.

Energy Transfer's second-quarter adjusted EBITDA surged 31%, prompting management to raise its full-year guidance. Expanding natural gas demand, NGL export infrastructure, and the Vaquero Midstream acquisition could fuel additional cash flow growth in the coming quarters.