Energy Transfer LP

ET: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Energy Transfer Earnings: Another Guidance Raise on Strong Throughput

Adam Baker

Aug 4, 2026

Energy Transfer delivered a 13% adjusted EBITDA surprise over PitchBook consensus, or $5.1 billion vs $4.5 billion. The NGL and Midstream segments delivered 27% and 15% year-over-year EBITDA growth. EBITDA guidance increased to $18.95 billion at the midpoint from $18.4 billion.

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Energy Transfer LP

Energy Transfer Earnings: Another Guidance Raise on Strong Throughput

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