Energy Transfer (NYSEAMERICAN:ET) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Energy Transfer (NYSEAMERICAN:ET) posted its earnings results on Tuesday. The pipeline company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07), RTT News reports. Energy Transfer had a return on equity of 11.55% and a net margin of 4.87%. During the same quarter in the previous year, the company posted $0.28 earnings per share.

Here are the key takeaways from Energy Transfer’s conference call:

• Strong third-quarter results and higher guidance: Adjusted EBITDA rose to approximately $5.0 billion from $3.8 billion year over year, while DCF increased to $2.5 billion from $1.9 billion. Full-year 2026 EBITDA guidance was raised to $19.7 billion–$19.9 billion, up approximately $850 million at the midpoint.
• Broad-based operating momentum continued: Record intrastate transportation and midstream gathering volumes, the ramp-up of Hugh Brinson Phase 1, and higher utilization across interstate pipelines supported results across all major segments.
• Large contracted growth pipeline is advancing: Energy Transfer expects approximately $7 billion of 2027 growth CapEx, with most projects backed by long-term commitments and targeted mid-teen returns. Key initiatives include Hugh Brinson Phase 2, South Mississippi Pipeline, additional Permian processing, and expanded NGL export capacity.
• Vaquero acquisition expected to be accretive: The approximately $2.625 billion acquisition is expected to close in the fourth quarter, immediately increase DCF per common unit, and strengthen ET’s Delaware Basin gathering and processing network. Management expects the transaction’s estimated EBITDA multiple to decline from roughly 8.5x in 2027 to below 7x by 2029.
• Some earnings upside reflects market conditions: Volatility, commodity prices, and favorable spreads contributed materially to 2026 performance, including an estimated $1.5 billion of optimization benefits versus a typical $200 million–$400 million plan. Management noted that approximately $200 million of reported gains will be offset by derivative losses over the next two quarters, although some favorable conditions could continue into 2027.

Energy Transfer Price Performance

Shares of ET stock traded down $0.05 during trading hours on Tuesday, reaching $20.29. The stock had a trading volume of 4,077,662 shares, compared to its average volume of 12,046,055. The stock’s fifty day simple moving average is $20.75 and its 200 day simple moving average is $19.66. The firm has a market capitalization of $69.85 billion, a PE ratio of 13.81, a PEG ratio of 0.72 and a beta of 0.60. Energy Transfer has a 12 month low of $16.18 and a 12 month high of $21.84. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45.

Energy Transfer Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Friday, November 6th will be given a $0.3425 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 6.8%. This is an increase from Energy Transfer’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 6th. Energy Transfer’s dividend payout ratio (DPR) is 92.52%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a report on Tuesday, July 21st. Zacks Research cut shares of Energy Transfer from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Melius Research began coverage on Energy Transfer in a research report on Tuesday, September 22nd. They set a “hold” rating and a $25.00 target price on the stock. Weiss Ratings raised Energy Transfer from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, September 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $24.00 price target (up from $23.00) on shares of Energy Transfer in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.60.

Insider Buying and Selling

In other news, Director Kelcy L. Warren purchased 647,968 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was purchased at an average cost of $21.26 per share, with a total value of $13,775,799.68. Following the acquisition, the director directly owned 147,901,879 shares in the company, valued at approximately $3,144,393,947.54. This trade represents a 0.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Perry purchased 12,359 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $20.23 per share, with a total value of $250,022.57. Following the completion of the acquisition, the director owned 208,046 shares in the company, valued at approximately $4,208,770.58. This trade represents a 6.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 1,012,359 shares of company stock worth $21,513,543 in the last ninety days. 3.28% of the stock is currently owned by insiders.

Energy Transfer Company Profile

Energy Transfer LP is a diversified energy infrastructure company headquartered in Dallas, Texas. The partnership owns and operates a broad network of pipelines, processing facilities, storage assets and terminals that support the movement of natural gas, natural gas liquids, crude oil and refined products across the United States.

The company’s operations include gathering and processing natural gas, transporting and storing natural gas and NGLs, fractionating NGLs into component products, and transporting crude oil and refined products.