---
schema_version: "secwatch.filing_event.v1"
accession: "0001276187-26-000021"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:14:46.592924+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer Q1 adj. EBITDA $4.94B (+20% YoY); raises FY2026 guidance to $18.2-$18.6B

## Summary
- 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.

## SEC filing metadata
- accession: 0001276187-26-000021
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2026-05-05T23:59:59+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/1276187/000127618726000021/0001276187-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000021/et-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001276187-26-000021
- JSON: https://secwatch.observer/filing/0001276187-26-000021.json
- Plain text: https://secwatch.observer/filing/0001276187-26-000021.txt

## Source-grounded claims
- claim_id: 5207448a56d8e131daa8c1363906ee0e822904df
  claim: Energy Transfer LP reported the quarter ended March 31, 2026 results: net income $1.25 billion, EPS $0.35. Guidance raised.
  evidence_excerpt: Energy Transfer reported net income attributable to partners for the three months ended March 31, 2026 of $1.25 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1276187/000127618726000021/0001276187-26-000021-index.htm

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