Energy Transfer guides 2026 Adj. EBITDA $17.3-17.7B; growth capex $5.0-5.5B

Energy Transfer LP

Growth capital expenditures of $5.0B-$5.5B in 2026, primarily on natural gas network projects.
Consolidated Adjusted EBITDA expected between $17.3B and $17.7B (includes SUN and USAC).
Targeting long-term annual distribution growth of 3%-5%; over 50% of cash flow returned to unitholders.
Leverage target maintained at 4.0x-4.5x EBITDA; new projects like Nederland Flexport, Mustang Draw, Hugh Brinson Pipeline coming online.

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