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Energy Transfer raises 2026 EBITDA guidance by $500 million as Q2 distributable cash flow climbs 32%

8/16/2026

$ET near its 52-week high of $21.11, up more than 2% since Energy Transfer (NYSE: ET) reported second-quarter 2026 results on Aug.

The midstream partnership raised full-year adjusted EBITDA guidance by $500 million, placing the range at $18.8 billion to $19.1 billion.

The next confirmable milestone: the 442-mile Hugh Brinson Pipeline at full capacity, expected March 2027. The print Units traded around $20.20 to $20.28 before the Aug.

Distributable cash flow reached $2.59 billion for the quarter, up 32% year over year. NGL exports hit a company record, rising 25% year over year.