Energy Transfer LPET
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Raises 2026 EBITDA guidance and increases distribution, reflecting strong cash flow.

Energy Transfer raised its full-year 2026 adjusted EBITDA guidance by $500 million to a range of $18.8 billion to $19.1 billion after reporting second-quarter distributable cash flow of $2.59 billion, up 32% year over year. The company also increased its quarterly distribution for the 19th consecutive quarter to $0.34 per share, yielding about 6.43%. Management highlighted surging natural gas demand from data centers, record NGL exports up 25% year over year, and the early completion of its 442-mile Hugh Brinson Pipeline. The stock trades near its 52-week high of $21.11 with a trailing enterprise-value-to-EBITDA multiple of around 9.7.
Energy Transfer LPRaises 2026 EBITDA guidance and increases distribution, reflecting strong cash flow.
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