Energy Transfer Third-Quarter Adjusted EBITDA Rises 31% to $5.03 Billion: Full-Year Outlook Raised, Quarterly Distribution Increased to $0.3425 per Unit
Dallas — Energy Transfer LP, the Dallas, Texas-based energy infrastructure partnership, on November 3 reported third-quarter 2026 results: net income attributable to partners was $1.21 billion, versus $1.02 billion a year earlier; basic net income per common unit was $0.33; adjusted EBITDA rose 31% to $5.03 billion, from $3.84 billion; and distributable cash flow attributable to partners, as adjusted, rose 33% to $2.52 billion, from $1.90 billion. The company said the quarter included $379 million of unrealized losses on commodity risk management activities.
Volumes advanced across the system: intrastate natural gas transportation volumes rose 14% to a partnership record, midstream gathered volumes increased 6% to a record, NGL transportation volumes gained 6% and NGL exports climbed 9%.
Energy Transfer raised its full-year 2026 adjusted EBITDA outlook to between $19.7 billion and $19.9 billion, from $18.8 billion to $19.1 billion previously. The quarterly cash distribution was set at $0.3425 per common unit, or $1.37 annualized, an increase of more than 3% from a year earlier and the partnership's 20th consecutive quarterly distribution increase. The company has also agreed to acquire Vaquero Midstream for approximately $2.6 billion, in a transaction pending closing. (Source: Energy Transfer)
Source: Energy Transfer
Published by GSM · USA (original Chinese edition)
Photo: 图：Energy Transfer 运营的 Dakota Access 管道（Iowa 州段）。Carl Wycoff 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: The Energy Transfer-operated Dakota Access Pipeline in Iowa. By Carl Wycoff, CC BY 2.0, via Wikimedia Commons.
