{"url":"https://newsforagent.com/news/2026-11-01/energy-transfer-q3-earnings-guidance-vaquero","markdown_url":"https://newsforagent.com/news/2026-11-01/energy-transfer-q3-earnings-guidance-vaquero.md","title":"Energy Transfer Q3 Earnings Loom After 31% EBITDA Jump","headline":"Energy Transfer Heads Into Q3 Report With $18.8-19.1 Billion Guidance and Vaquero Deal Pending","description":"Energy Transfer reports Q3 results on November 3 after Q2 adjusted EBITDA rose 31% to nearly $5.1 billion and full-year guidance was raised to $18.8-19.1 billion.","section":"Earnings & Results","published_at":"2026-11-01T20:35:34+00:00","modified_at":"2026-11-01T20:35:34+00:00","author":"News Desk","key_takeaways":["Energy Transfer reports third-quarter results on November 3, 2026.","Q2 adjusted EBITDA rose 31% to nearly $5.1 billion and distributable cash flow climbed 32% to $2.6 billion.","Full-year adjusted EBITDA guidance was raised to $18.8-19.1 billion, up $500 million at the midpoint.","The $2.6 billion Vaquero Midstream acquisition is pending."],"companies":[{"name":"Energy Transfer Partners","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00026ci/energy-transfer-partners","website":"http://www.energytransfer.com"},{"name":"Vaquero Midstream","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0002cl1/vaquero-midstream","website":"https://vaqueromidstream.com"}],"source":{"publisher":"The Motley Fool","title":"Energy Transfer's Next Earnings Report Could Send the Stock Higher","url":"https://www.fool.com/investing/2026/11/01/energy-transfer-s-next-earnings-report-could-send-the-stock-higher/?source=iedfolrf0000001"},"other_sources":[],"tags":["Earnings & Results","Energy Transfer Partners","Vaquero Midstream"],"body_markdown":"Energy Transfer reports third-quarter results on November 3, 2026, after second-quarter adjusted EBITDA rose 31% to nearly $5.1 billion and full-year guidance was raised to $18.8-19.1 billion. [The Motley Fool](https://www.fool.com/investing/2026/11/01/energy-transfer-s-next-earnings-report-could-send-the-stock-higher/?source=iedfolrf0000001) said the midstream operator's distributable cash flow climbed 32% to $2.6 billion in the quarter.\n\n## Energy Transfer's Q2 Cash Flow and Raised Outlook\n\n[Energy Transfer Partners](https://akta.pro/company-profiles/00026ci/energy-transfer-partners) is a Dallas-based master limited partnership that owns roughly 140,000 miles of pipelines and NGL export terminals, providing fee-based natural gas, crude oil and NGL transportation and storage to producers, utilities, LNG exporters and AI data center operators across North America.\n\nThe second-quarter results, reported in early August, included record natural gas liquids transportation and export volumes, along with records for crude oil transportation and midstream gathered volumes, according to The Motley Fool. The company lifted its full-year adjusted EBITDA outlook by $500 million at the midpoint, its second guidance increase this year.\n\nEnergy Transfer is spending $2.7 billion to build the Hugh Brinson Pipeline to support data centers and AI growth in Texas, with the first phase expected to enter commercial service in the fourth quarter of 2026. It is investing up to $5.6 billion in the Transwestern Pipeline expansion, with an in-service date in the fourth quarter of 2029. The company also plans growth capital spending of $5.6 billion to $5.9 billion this year, up from an initial $5 billion to $5.5 billion.\n\n## Energy Transfer's Pipeline and Export Projects on Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Energy Transfer announced in June 2026 a major expansion of its Nederland NGL Export Terminal in Texas, adding 240,000 barrels per day of ethane capacity and 55,000 barrels per day of LPG capacity, with all new ethane capacity fully contracted under long-term agreements extending into the 2040s. The same records show a 20-year gas supply contract with Entergy Louisiana to provide dedicated natural gas supply supporting Meta's AI data center hub development.\n\n## Earlier Coverage of Energy Transfer's Growth\n\nOn October 30, 2026, Seeking Alpha noted that Energy Transfer had delivered double-digit total returns since a prior Buy rating, with Q2 adjusted EBITDA up 31% and distributable cash flow up 32% year over year. On October 28, 2026, 247wallst reported that Energy Transfer, Williams and Phillips 66 raised payouts within days of each other, with Energy Transfer's dividend using 92% of EPS. The same outlet reported that day that Enterprise Products offers a safer payout with 1.9x distribution coverage and 3x leverage versus Energy Transfer's 4-4.5x.\n\n## Vaquero Midstream Deal and Hugh Brinson Start-Up\n\nThe $2.6 billion acquisition of [Vaquero Midstream](https://akta.pro/company-profiles/0002cl1/vaquero-midstream) is pending and would strengthen Energy Transfer's position in the Delaware Basin. The first phase of the Hugh Brinson Pipeline is expected to enter commercial service in the fourth quarter of 2026, and the Transwestern expansion is scheduled for the fourth quarter of 2029.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}