Energy Transfer LP reports midstream energy developments for a publicly traded limited partnership that owns and operates pipeline and associated infrastructure across major U.S. production basins. Recurring news covers operating and financial results, cash distributions on common and preferred units, guidance updates, debt and capital actions, and growth projects tied to natural gas, NGL, crude oil, refined products, storage, terminalling and fractionation.
Company updates also include Energy Transfer's interests in Sunoco LP, SunocoCorp LLC and USA Compression Partners, with related coverage of fuel distribution, pipeline systems, affiliate distributions and financing activity where those entities affect the partnership's ownership and cash-flow disclosures.
Energy Transfer (TXSE: ET) signed a definitive agreement to acquire Vaquero Midstream in a transaction valued at approximately $2.625 billion. Consideration consists of $1.95 billion in cash and approximately 33.3 million newly issued Energy Transfer common units. Closing is expected in the fourth quarter of 2026, subject to regulatory approval and customary closing conditions.
The acquisition adds an approximately 300-mile Delaware Basin pipeline network and three natural gas processing trains with approximately 675 million cubic feet per day of total capacity. The assets already connect to Energy Transfer’s downstream natural gas and natural gas liquids infrastructure. Contracts have an average remaining life of approximately 10 years, with approximately 100,000 dedicated acres supporting cash flows. Energy Transfer expects immediate growth in distributable cash flow per common unit and incremental revenue opportunities from the existing connections.
Energy Transfer (ET) plans to release its third-quarter 2026 earnings on November 3, 2026, before the market opens. The company will hold a conference call that day at 8:00 a.m. Central Time/9:00 a.m. Eastern Time to discuss quarterly results and provide a company update. A live webcast and a limited-time replay will be available on Energy Transfer’s website.
Sunoco (SUN) and SunocoCorp (SUNC) will release third-quarter 2026 financial and operating results before market opening on November 3, 2026.
Management will discuss the results on a conference call that day at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). A live webcast will be available on Sunoco’s website, with a replay available shortly after the call.
Energy Transfer (ET) will transfer the listing of its common units from the New York Stock Exchange to the Texas Stock Exchange, with trading on TXSE expected to begin on October 5, 2026, under the unchanged ticker “ET”.
Its Series I Preferred Units will also move to TXSE on the same date, continuing under “ETprI”. Energy Transfer owns extensive U.S. midstream assets and holds equity and general partner interests in Sunoco (SUN, SUNC) and USA Compression Partners (USAC).
Sunoco LP (SUN) and SunocoCorp LLC (SUNC) will transfer their common unit listings from the New York Stock Exchange to the Texas Stock Exchange. Trading on the TXSE is expected to begin on October 5, 2026, with SUN and SUNC retaining their current ticker symbols, and NYSE trading expected to end at market close on October 2, 2026. The companies state that the move reflects their Texas-based legacy and aims to enhance value and support future growth, and no action is required from unitholders.
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) will participate in two upcoming investor conferences. Management will meet with investors on August 11, 2026 at the Citi Natural Resources Conference and on September 9, 2026 at the Barclays 40th Annual Energy-Power Conference. A related slide presentation is available on Sunoco LP’s website in the Investor Relations section under Webcasts & Presentations.
Sunoco LP (NYSE: SUN) announced a definitive agreement to acquire Offen Petroleum in an all-cash deal valued at approximately $600 million. Offen operates a fuel distribution network delivering about 2.5 billion gallons annually to roughly 7,000 customers and more than 800 retail stations across the Midwest, Mountain West, and Southwest United States.
According to Sunoco, the acquisition is expected to be immediately accretive, increasing cash flow available for distribution growth and reinvestment. The enlarged footprint is described as complementary to Sunoco’s existing fuel distribution operations and as creating opportunities for organic growth and bolt-on acquisitions. Subject to regulatory approval, closing is expected in the fourth quarter of 2026.
Sunoco LP (NYSE: SUN) reported strong Q2 2026 results with net income of $283 million, up from $86 million a year earlier, and Adjusted EBITDA of $996 million excluding $14 million of one-time transaction-related expenses. Distributable Cash Flow, as adjusted, rose to $608 million from $300 million.
Segment Adjusted EBITDA was $504 million for Fuel Distribution, $190 million for Pipeline Systems, $113 million for Terminals and $175 million for Refinery. SUN raised its full-year 2026 Adjusted EBITDA guidance by $400 million to $3.5–$3.7 billion. SUN and SunocoCorp LLC (NYSE: SUNC) declared a Q2 2026 distribution of $1.0023 per unit, over 10% higher year over year and the seventh consecutive quarterly increase. At June 30, 2026, SUN had long-term debt of $13.3 billion, liquidity of about $2.3 billion under its revolver and a leverage ratio of approximately 3.7x. Total Q2 2026 capital expenditures were $202 million, including $125 million of growth and $77 million of maintenance capital.
Energy Transfer (NYSE: ET) reported second-quarter 2026 net income attributable to partners of $2.09 billion versus $1.16 billion a year earlier, with basic net income per common unit of $0.59. Adjusted EBITDA rose 31% to $5.07 billion and Distributable Cash Flow attributable to partners, as adjusted, increased 32% to $2.59 billion.
The Partnership raised its full-year 2026 Adjusted EBITDA guidance to $18.8–$19.1 billion from $18.2–$18.6 billion and plans $5.6–$5.9 billion of 2026 growth capital. Second-quarter growth capital was $1.10 billion and maintenance capital $307 million. NGL transportation, NGL exports, crude oil transportation and midstream gathered volumes each increased year over year, with several setting new Partnership records.
Energy Transfer declared a quarterly cash distribution of $0.3400 per common unit (annualized $1.36), more than 3% above the 2025 quarter and its nineteenth consecutive quarterly increase. The Partnership issued $1.75 billion of junior subordinated notes in July 2026 and reported $3.76 billion of available borrowing capacity on its revolving credit facility as of June 30, 2026.
Energy Transfer (NYSE: ET) increased its second-quarter 2026 quarterly cash distribution to $0.34 per common unit, or $1.36 annualized, payable on August 19, 2026 to unitholders of record on August 7, 2026. The distribution is up more than 3% from the second quarter of 2025 and marks the nineteenth consecutive quarterly increase.
According to Energy Transfer, second-quarter 2026 earnings will be released on August 4, 2026, before the market opens, followed by a conference call at 8:00 a.m. CT. The company also reiterates tax withholding guidance for foreign investors under Treasury Regulation Section 1.1446.