Energy Transfer Q2 net income rises to $2.09 billion; raises 2026 EBITDA guidance
Energy Transfer reported second-quarter 2026 net income attributable to partners of $2.09 billion, up from $1.16 billion a year earlier, and Adjusted EBITDA of $5.07 billion, up 31%. The partnership raised its full-year 2026 Adjusted EBITDA guidance to $18.8 billion to $19.1 billion from $18.2 billion to $18.6 billion, which supports the outlook for unitholders.
Key points
- Net income per common unit (basic) was $0.59, versus $0.32 in the second quarter of 2025.
- Distributable Cash Flow attributable to partners, as adjusted, was $2.59 billion, up 32% from $1.96 billion.
- 2026 Adjusted EBITDA guidance now $18.8 billion to $19.1 billion; 2026 growth capital expected at $5.6 billion to $5.9 billion.
- In July 2026, the partnership declared a quarterly distribution of $0.3400 per common unit, its nineteenth consecutive increase.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.