Analysts expect Energy Transfer LP to report Q1 2026 revenue of $26.30 billion and earnings per share of $0.38, while the current unit price of $20.19 trades below the average analyst target of $22.10.
The primary story investors are watching is the partnership's aggressive expansion of natural gas infrastructure to serve the skyrocketing energy demands of AI-driven data centers.
Supporting this growth is a projected Adjusted EBITDA of $4.4 billion, underpinned by record throughput volumes and recently raised full-year guidance following the integration of new pipeline assets. Additionally, market participants will focus on management’s ability to maintain high distribution coverage as they balance a $5.5 billion annual capital expenditure program with a targeted 3-5% distribution growth rate.