Energy Transfer (NYSE:ET) Issues Earnings Results, Beats Expectations By $0.21 EPS

Energy Transfer (NYSE:ET) released its quarterly earnings results on Tuesday. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21, FiscalAI reports. Energy Transfer had a net margin of 4.66% and a return on equity of 9.77%. The business had revenue of $34.33 billion during the quarter, compared to analyst estimates of $27.71 billion. During the same period last year, the business earned $0.32 EPS. The business’s revenue was up 78.4% on a year-over-year basis.

Here are the key takeaways from Energy Transfer’s conference call:

• Strong second-quarter results included adjusted EBITDA of approximately $5.1 billion, up from $3.9 billion a year ago, while adjusted DCF rose to about $2.6 billion from $2.0 billion.
• Energy Transfer raised its 2026 adjusted EBITDA guidance to $18.8 billion-$19.1 billion, about $500 million higher at the midpoint, and increased organic growth capital guidance to $5.6 billion-$5.9 billion.
• Hugh Brinson Pipeline Phase 1 entered commercial service and is expected to reach its full 1.5 Bcf per day capacity by September 1, 2026; Mustang Draw II and Frac IX are also expected to support volume growth into 2027.
• Demand from data centers, power plants, LNG, and industrial customers continues to expand across the company’s network, with customers reportedly increasing commitments and Energy Transfer seeing visibility for more than $5 billion of annual growth capital through 2029.
• Management said market volatility, wider basis differentials, and higher commodity prices contributed materially to first-half outperformance, but its outlook assumes limited volatility in the second half; additional disruptions could provide upside, while some gains are temporary or subject to future offsets.

Energy Transfer Stock Up 1.3%

Shares of ET traded up $0.26 during midday trading on Tuesday, hitting $20.54. The company had a trading volume of 6,719,546 shares, compared to its average volume of 13,529,946. The company’s 50 day moving average price is $19.55 and its 200 day moving average price is $19.13. The stock has a market cap of $70.69 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.17 and a beta of 0.55. Energy Transfer has a 52 week low of $16.18 and a 52 week high of $20.70. The company has a quick ratio of 0.93, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.36 annualized dividend and a yield of 6.6%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. Energy Transfer’s dividend payout ratio (DPR) is 112.50%.

Hedge Funds Weigh In On Energy Transfer

Several large investors have recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its stake in Energy Transfer by 7.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 18,482 shares of the pipeline company’s stock valued at $305,000 after buying an additional 1,315 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Energy Transfer by 4.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,936,780 shares of the pipeline company’s stock worth $30,717,000 after acquiring an additional 89,501 shares in the last quarter. Ameriflex Group Inc. grew its position in shares of Energy Transfer by 76.9% in the 4th quarter. Ameriflex Group Inc. now owns 7,078 shares of the pipeline company’s stock worth $117,000 after acquiring an additional 3,078 shares in the last quarter. Virtue Capital Management LLC increased its holdings in shares of Energy Transfer by 1,030.6% in the 4th quarter. Virtue Capital Management LLC now owns 89,253 shares of the pipeline company’s stock valued at $1,481,000 after acquiring an additional 81,359 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its holdings in shares of Energy Transfer by 7.8% in the 4th quarter. FAS Wealth Partners Inc. now owns 37,044 shares of the pipeline company’s stock valued at $611,000 after acquiring an additional 2,668 shares during the last quarter. Institutional investors own 38.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ET. Scotiabank reissued an “outperform” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. UBS Group reaffirmed a “buy” rating on shares of Energy Transfer in a research report on Tuesday, May 12th. Barclays reiterated an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Energy Transfer in a research note on Thursday, May 14th. JPMorgan Chase & Co. increased their price target on Energy Transfer from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley raised their price objective on Energy Transfer from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Energy Transfer currently has an average rating of “Buy” and a consensus target price of $23.50.

Key Energy Transfer News

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Q2 earnings beat estimates: Energy Transfer reported $0.59 in earnings per common unit, well above the $0.38 consensus estimate. Revenue reached $34.33 billion versus expectations of $27.71 billion and increased 78.4% year over year. Energy Transfer LP: Q2 Earnings Snapshot
• Positive Sentiment: Profitability and cash flow improved: Net income attributable to partners rose to $2.09 billion from $1.16 billion a year earlier. Adjusted EBITDA increased 31% to $5.07 billion, while distributable cash flow climbed 32% to $2.59 billion. Energy Transfer Q2 Revenue Rises to $34.3 Billion
• Positive Sentiment: Full-year guidance was raised: ET now expects 2026 adjusted EBITDA of $18.8 billion to $19.1 billion, signaling confidence in continued operating growth. NGL transportation volumes rose 13%, NGL exports increased 25%, and crude transportation volumes grew 4% year over year. Energy Transfer Reports Second Quarter 2026 Results and Updates 2026 Financial Guidance
• Positive Sentiment: Income appeal remains intact: Energy Transfer declared a quarterly cash distribution of $0.34 per common unit, or $1.36 annualized, supporting the stock’s appeal to income-focused investors.
• Neutral Sentiment: Growth spending remains substantial: ET expects 2026 growth capital expenditures of $5.6 billion to $5.9 billion. While the spending supports expansion, investors will monitor project execution, financing needs and returns on that investment.
• Neutral Sentiment: Recent previews and investment commentary highlighted ET’s fee-based contracts, NGL exports and Permian Basin processing growth, but these articles largely anticipated the results rather than introducing new catalysts. Energy Transfer Q2 Earnings Preview

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.