Energy Transfer LP (NYSE: ET) — Research Summary as of 2026-09-27

Recent Catalysts (roughly June–September 2026)

Q2 2026 earnings beat (reported August 4, 2026). Energy Transfer reported Q2 EPS of $0.59, beating the ~$0.37–$0.38 consensus estimate by roughly 60%, with revenue of $34.3 billion [1], [3]. Management subsequently raised full-year adjusted EBITDA guidance to a range of $18.8 billion to $19.1 billion (from $18.2 billion–$18.6 billion), citing data-center and power-generation natural gas demand, and distributable cash flow rose 32% year over year to $2.59 billion [3], [6], [12].