Energy Transfer Announces $3 Billion Senior Notes Offering

An announcement from Energy Transfer ( (ET) ) is now available.

On January 12, 2026, Energy Transfer LP priced a $3.0 billion public offering of senior notes in three tranches—$1.0 billion of 4.550% notes due 2031, $1.0 billion of 5.350% notes due 2036 and $1.0 billion of 6.300% notes due 2056—at slight discounts to face value, with settlement expected on January 27, 2026, subject to customary closing conditions. The company expects to receive approximately $2.97 billion in net proceeds before expenses, which it plans to use primarily to refinance existing indebtedness, including commercial paper and borrowings under its revolving credit facility, and for general partnership purposes, a move that should strengthen its balance sheet and may lower its near- and medium-term funding costs while channeling proceeds in part to lending affiliates of the underwriting banks through debt repayment.

The most recent analyst rating on (ET) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Energy Transfer stock, see the ET Stock Forecast page.

Spark’s Take on ET Stock

According to Spark, TipRanks’ AI Analyst, ET is a Neutral.

The score is driven primarily by solid financial stability and operating efficiency but held back by weak growth signals (negative revenue and free-cash-flow growth). Valuation and income are supportive (moderate P/E and high dividend yield), while technical indicators are neutral-to-soft with the stock trading below major moving averages. The latest earnings call and recent events are mixed: near-term guidance was trimmed, but contracted project momentum and the 2026 EBITDA outlook provide a constructive longer-term setup.

To see Spark’s full report on ET stock, click here.

More about Energy Transfer

Energy Transfer LP (NYSE: ET) is a publicly traded U.S. energy infrastructure limited partnership that owns and operates one of the largest and most diversified portfolios of energy assets in the country, including approximately 140,000 miles of pipelines and associated infrastructure spanning 44 states and all major production basins. Its core operations include natural gas midstream, intrastate and interstate transportation and storage, as well as crude oil, natural gas liquids and refined products transportation, terminalling and NGL fractionation, and it also holds significant ownership interests in Sunoco LP and USA Compression Partners.

Average Trading Volume: 14,652,173

Technical Sentiment Signal: Strong Buy

Current Market Cap: $58.23B

See more insights into ET stock on TipRanks’ Stock Analysis page.