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Energy Transfer ( (ET) ) just unveiled an announcement.
On January 6, 2026, Energy Transfer issued its 2026 outlook, projecting $5.0 billion to $5.5 billion in growth capital expenditures, directed mainly toward expanding its nationwide natural gas network through projects backed by long-term commitments and targeting mid-teens returns. The partnership expects consolidated Adjusted EBITDA of $17.3 billion to $17.7 billion in 2026, supported by a slate of major projects ramping up or coming online, including NGL expansions at Nederland Flexport and Lone Star Express, new Mustang Draw processing plants in the Permian Basin, the Hugh Brinson Pipeline Phase I, and gas pipelines serving Texas data centers, while aiming to maintain leverage of 4.0–4.5 times EBITDA and sustain 3–5 percent annual distribution growth after having returned more than half its annual cash flow to unitholders through distributions over the past three years.
The most recent analyst rating on (ET) stock is a Hold with a $19.00 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 Outperform.
Energy Transfer’s overall stock score is driven by strong operational efficiency and a solid dividend yield, making it attractive to income-focused investors. However, challenges in maintaining growth momentum and mixed earnings call sentiment temper the outlook. The recent increase in cash distribution is a positive corporate event, supporting investor confidence.
To see Spark’s full report on ET stock, click here.
More about Energy Transfer
Energy Transfer LP (NYSE: ET) is a publicly traded master limited partnership that owns and operates one of the largest and most diversified portfolios of energy infrastructure in the United States, including about 140,000 miles of pipelines and associated assets across 44 states. Its core operations span natural gas midstream, intrastate and interstate gas transportation and storage, as well as crude oil, natural gas liquids (NGL) and refined products transportation, terminalling and NGL fractionation, and it also holds significant ownership stakes in Sunoco LP and USA Compression Partners, LP.
Average Trading Volume: 14,785,644
Technical Sentiment Signal: Buy
Current Market Cap: $56.38B
For a thorough assessment of ET stock, go to TipRanks’ Stock Analysis page.