earnings
confidence high
sentiment positive
materiality 0.80
Energy Transfer Q1 adj. EBITDA $4.94B (+20% YoY); raises FY2026 guidance to $18.2-$18.6B
Energy Transfer LP
- Net income $1.25B ($0.35/unit) vs $1.32B a year ago; distributable CF $2.70B vs $2.31B.
- Q1 adjusted EBITDA $4.94B (+20% YoY); FY2026 guidance raised to $18.2-$18.6B from $17.45-$17.85B.
- Quarterly distribution increased 3% YoY to $0.3375/unit ($1.35 annualized).
- Growth capex $1.53B in Q1; FY2026 growth capex guided $5.5-$5.9B.
- Record NGL export (+19%), NGL fractionation (+11%), crude transportation (+8%) volumes.