Energy Transfer LP

ET: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Energy Transfer Earnings: Strong Performance Boosts EBITDA and Capex Guidance

Adam Baker

May 5, 2026

Energy Transfer posted first-quarter adjusted EBITDA of $4.9 billion, $400 million above the high end of PitchBook consensus. Management raised the midpoint of full-year EBITDA guidance to $18.4 billion from $17.65 billion and capital expenditure to $5.7 billion from $5.25 billion.

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Energy Transfer LP

Energy Transfer Earnings: Strong Performance Boosts EBITDA and Capex Guidance

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