Energy Transfer Expects to Deliver Another Big Growth Spurt Starting in 2026
Energy Transfer (NYSE: ET) is coming off a record-breaking year. The master limited partnership (MLP) set volume records across several product categories last year. That helped fuel a 13% increase in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which hit a record $15.5 billion. The company also reported record distributable cash flow of $8.4 billion, up 10% from the prior year. Acquisitions were the main fuel driving last year's record, notably its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November 2023. While it will continue to get an acquisition-driven boost this year from its WTG Midstream deal, which closed last July, its EBITDA growth rate will moderate a bit next year to about 5%. However, it expects to deliver another growth spurt starting in 2026, fueled by a surge in organic expansion projects. Here's a look at what the MLP has coming down the pipeline. Continue reading
Energy Transfer (NYSE: ET) is coming off a record-breaking year. The master limited partnership (MLP) set volume records across several product categories last year. That helped fuel a 13% increase in its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which hit a record $15.5 billion. The company also reported record distributable cash flow of $8.4 billion, up 10% from the prior year.
Acquisitions were the main fuel driving last year's record, notably its $7.1 billion merger with fellow MLP Crestwood Equity Partners in November 2023. While it will continue to get an acquisition-driven boost this year from its WTG Midstream deal, which closed last July, its EBITDA growth rate will moderate a bit next year to about 5%.
However, it expects to deliver another growth spurt starting in 2026, fueled by a surge in organic expansion projects. Here's a look at what the MLP has coming down the pipeline.
