Energy Transfer's second quarter Adjusted EBITDA jumped 31% to $5.07 billion, leading to raised full-year 2026 guidance.

Energy Transfer reported second quarter 2026 net income attributable to partners of $2.09 billion, or $0.59 per basic common unit, on revenues of $34.33 billion. The partnership posted a 31% year-over-year increase in Adjusted EBITDA to $5.07 billion, driven by record volumes across several key segments.

Key Highlights

• Raised its full-year 2026 Adjusted EBITDA guidance to a range of $18.8 billion to $19.1 billion, up from its previous range of $18.2 billion to $18.6 billion.
• Set new partnership records for NGL transportation volumes (up 13% YoY), NGL exports (up 25% YoY), crude oil transportation volumes (up 4% YoY), and midstream gathered volumes (up 4% YoY).
• Increased its quarterly cash distribution by over 3% year-over-year to $0.3400 per common unit, marking the 19th consecutive quarterly increase.