Energy Transfer — Third Quarter 2026 Earnings Summary

Energy Transfer LP reported net income of $1.21 billion for the third quarter of 2026, representing a 19% increase from the same period in 2025. Adjusted EBITDA for the quarter reached $5.03 billion, a 31% year-over-year increase, while distributable cash flow attributable to partners rose 33% to $2.52 billion. The company announced the acquisition of Vaquero Midstream LLC for approximately $2.6 billion and completed several strategic growth projects, including the full service of Phase I of the Hugh Brinson Pipeline. Additionally, Energy Transfer increased its quarterly cash distribution to $0.3425 per common unit, marking the twentieth consecutive annual increase.