Energy Transfer reports strong Q3 growth, raises guidance and approves gas pipeline
Energy Transfer reported third-quarter 2026 revenue of $37.1B and GAAP EPS of $0.33, while adjusted EBITDA rose 31% year over year to $5.03B. The partnership raised its full-year 2026 adjusted EBITDA guidance to $19.7bn-$19.9bn and approved final investment in the $1.6bn South Mississippi Pipeline Project. The 215-mile project is expected to transport 1.2 billion cubic feet per day and begin operations in 2030, with Energy Transfer owning 51%.
Why it matters
The higher adjusted EBITDA outlook increases the partnership's stated earnings range for 2026, while the pipeline approval commits capital to future natural-gas transportation capacity. Energy Transfer said the project is supported by long-term, demand-based transportation agreements, according to the company.
Key facts
- 1Energy Transfer reported third-quarter net income attributable to partners of $1.21bn, up 18% from $1.02bn in the prior-year period. offshore-technology.com
- 2Third-quarter revenue rose 86% to $37.1bn, while adjusted EBITDA increased 31% to $5.03bn from $3.84bn. offshore-technology.com
- 3The partnership raised full-year 2026 adjusted EBITDA guidance to $19.7bn to $19.9bn from $18.8bn to $19.1bn. offshore-technology.com
- 4Energy Transfer approved the $1.6bn South Mississippi Pipeline Project, a 215-mile pipeline with capacity of 1.2 billion cubic feet per day and an expected 2030 operating start. offshore-technology.com
- 5Energy Transfer expects to own 51% of the South Mississippi Pipeline Project, with shippers or their affiliates owning the remaining interest. finance.yahoo.com
- 6Energy Transfer announced a quarterly cash distribution of $1.37 per common unit for the quarter ended September 30, 2026. stocktitan.net
Open questions
- Material 3 reports full-year 2026 adjusted EBITDA guidance of $12.4B to $12.8B, while material 18 reports $19.7bn to $19.9bn for the same metric and period.
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.