Markets· August 16, 2026 at 02:43 p.m.
Energy Transfer Boosts 2026 Guidance, Amidst Growing Natural Gas Infrastructure Demand
Key takeaways
- Energy Transfer's distributable cash flow increased by 32% year-over-year
- The company completed upgrades to its Lone Star Express NGL pipeline and added two new electricity generation plants
- Energy Transfer trades at a modest trailing enterprise-value-to-EBITDA multiple of around 9.7
Energy Transfer (NYSE: ET), a midstream energy company, has reported a 32% year-over-year increase in distributable cash flow for the second quarter of 2026. The company's strong financial performance is attributed to expanded takeaway capacity in key basins and increased NGL exports. Energy Transfer's stock price has risen more than 2%, trading near its 52-week high of $21.11 since the announcement.
