Energy Transfer LP has reported its financial results for the third quarter of 2026, revealing strong growth in net income and adjusted EBITDA. This performance underscores the company's solid position within the natural gas transmission industry, which is experiencing increasing demand.

On November 3, 2026, Energy Transfer announced that its net income attributable to partners for the quarter ending September 30, 2026, was $1.21 billion, up from $1.02 billion in the same period last year. The net income per common unit (basic) for the quarter was $0.33.

The company also reported adjusted EBITDA of $5.03 billion for the third quarter of 2026, a significant increase of 31% compared to $3.84 billion for the same period in 2025. Additionally, distributable cash flow attributable to partners, as adjusted, reached $2.52 billion, marking a 33% increase from $1.90 billion in the prior year.

Energy Transfer's growth capital expenditures for the third quarter totaled $1.30 billion, while maintenance capital expenditures were $284 million. The company now expects its full-year adjusted EBITDA for 2026 to range between $19.7 billion and $19.9 billion, an increase from the previous forecast of $18.8 billion to $19.1 billion. For 2026, the company anticipates investing $5.4 billion to $5.6 billion in growth capital, with plans to allocate approximately $7 billion for 2027.

In terms of operational highlights, Energy Transfer reported growth in various volume metrics. Intrastate transportation volumes were up 14%, setting a new Partnership record, while midstream gathered volumes increased by 6%, also a record high. NGL transportation volumes rose by 6%, and NGL exports saw a 9% increase.

Strategically, Energy Transfer announced the acquisition of Vaquero Midstream LLC for approximately $2.6 billion, a move expected to enhance its integrated natural gas gathering and processing network. This acquisition is anticipated to close in the fourth quarter of 2026, pending regulatory approval.

The company's strategic initiatives also include several new growth projects aimed at meeting the rising energy demand across the U.S. Notably, Phase I of the Hugh Brinson Pipeline was placed into service ahead of schedule, with Phase II on track for completion in early 2027.

As Energy Transfer continues to expand its operations and enhance its infrastructure, the results from the third quarter of 2026 highlight the company's ability to capitalize on growth opportunities within the natural gas transmission sector. The filing is available under accession number 0001276187-26-000066.