Energy Transfer LP Announces 2026 Outlook with Growth Capital and Earnings Estimates

Summary

Energy Transfer LP has announced its outlook for full-year 2026, projecting growth capital expenditures of $5.0 billion to $5.5 billion primarily for natural gas network enhancements. The company expects to generate between $17.3 billion and $17.7 billion of consolidated Adjusted EBITDA, with significant new projects including processing plants and pipeline expansions in the Permian Basin and other regions. Energy Transfer also anticipates maintaining its leverage target of 4.0 to 4.5 times EBITDA while targeting a long-term annual distribution growth rate of 3 to 5 percent. Management will present this outlook at the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6, 2026.