---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-26-000004"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:21:10.466089+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer Q4 adj EBITDA $4.18B (+8%), net income $928M; raises 2026 guidance

## Summary
- Net income $928M ($0.25/unit basic) vs $1.08B year ago; adj EBITDA $4.18B up 8% YoY; DCF $2.04B.
- Q4 distribution increased to $0.3350/unit ($1.34 annualized), up >3% YoY.
- 2026 adj EBITDA guidance raised to $17.45-17.85B (prev $17.3-17.7B) due to USAC J-W Power acquisition.
- Major project updates: Mustang Draw II (275 MMcf/d plant), FGT expansions (~$645M ET share), Desert Southwest pipeline ($5.6B, 2.3 Bcf/d).
- Suspended Lake Charles LNG development; signed 20-yr gas transport agreements with Entergy Louisiana and Oracle data centers (900 MMcf/d).

## SEC filing metadata
- accession: 0001276187-26-000004
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000004/0001276187-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000004/et-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-26-000004
- JSON: https://secwatch.observer/filing/0001276187-26-000004.json
- Plain text: https://secwatch.observer/filing/0001276187-26-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.