Energy Transfer LP · ET · Next earnings

Energy Transfer LP next earnings report

ET's next report date is not on the calendar yet. Here is where the last quarter left off and what remains open. Last quarter: Energy Transfer lifts EBITDA outlook as expansion and Vaquero deal add growth plans

Date not yet scheduled Energy

What the street expects

Consensus for the coming report
Consensus EPS $0.41 Analyst average (9 estimates)
Consensus revenue $32.10B Analyst average (5 estimates)
Report date TBD Not yet on the calendar
Session — Session not yet known

Where ET left off: FY2026 Q3

Full report

Energy Transfer lifts EBITDA outlook as expansion and Vaquero deal add growth plans

EPS surprise — Reported — vs $0.40
Revenue surprise — Reported — vs $30.98B
Stock move -0.9% Event window
Subsequent drift -3.5% Up to 20 sessions

Full-year 2026 adjusted EBITDA guidance was raised by $850 million at the midpoint. Organic growth capital is forecast at $5.4–$5.6 billion for 2026; management indicated approximately $7 billion of 2027 capital spending.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • The planned increase in 2027 capital spending may be difficult to sustain or execute as intended.
  • Vaquero closing and Desert Southwest development depend on regulatory approvals and timing.
  • Commodity volatility, including derivative losses that could offset operating margin gains, may affect results.

Questions analysts left open

  • Whether the 2027 capital-spending ramp to about $7 billion is sustainable.
  • How much optimization benefits contribute relative to baseline guidance.
  • The effect of derivative losses on Q3 margin gains and the timing and integration of Vaquero.

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Recent ET quarters

All ET earnings
-0.9%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.