secwatch.observer — SEC 8-K summary
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Issuer:     Energy Transfer LP (ET)
CIK:        0001276187
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001276187-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276187/000127618726000004/0001276187-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276187/000127618726000004/et-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001276187-26-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer