What is Energy Transfer's midstream — adjusted ebitda (consolidated)?

Energy Transfer (ET) reported midstream — adjusted ebitda (consolidated) of $887.00M in Q1 2026.

How has Energy Transfer's midstream — adjusted ebitda (consolidated) changed year-over-year?

Energy Transfer's midstream — adjusted ebitda (consolidated) decreased by 4.1% year-over-year, from $925.00M to $887.00M.

What is the long-term trend for Energy Transfer's midstream — adjusted ebitda (consolidated)?

Over 4 years (2021 to 2025), Energy Transfer's midstream — adjusted ebitda (consolidated) has grown at a 14.1% compound annual growth rate (CAGR), from $1.87B to $3.16B.

What does midstream — adjusted ebitda (consolidated) mean?

The core cash-based operating profit of the midstream segment, adjusted for non-recurring or non-cash items.

Business Segments · Adjusted EBITDA (consolidated)

Midstream — Adjusted EBITDA (consolidated)

Energy Transfer Midstream — Adjusted EBITDA (consolidated) increased by 23.2% to $887.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.1%, from $925.00M to $887.00M. Over 4 years (FY 2021 to FY 2025), Midstream — Adjusted EBITDA (consolidated) shows an upward trend with a 14.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ3 2018

Last reportedQ1 2026

How to read this metric

An increase indicates improved operational profitability and cash flow generation, while a decrease suggests operational headwinds or margin compression.

Detailed definition

This is a non-GAAP financial measure representing the midstream segment's earnings before interest, taxes, depreciation,...

Peer comparison

The standard benchmark for midstream profitability, directly comparable to Adjusted EBITDA reported by all major midstream energy peers.

Metric ID: et_segment_midstream_adjusted_ebitda_consolidated

Historical Data

20 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$477.00M	$556.00M	$547.00M	$807.00M	$903.00M	$868.00M	$632.00M	$641.00M	$579.00M	$631.00M	$674.00M	$696.00M	$693.00M	$816.00M	$705.00M	$925.00M	$768.00M	$751.00M	$720.00M	$887.00M
QoQ Change	—	+16.6%	-1.6%	+47.5%	+11.9%	-3.9%	-27.2%	+1.4%	-9.7%	+9.0%	+6.8%	+3.3%	-0.4%	+17.7%	-13.6%	+31.2%	-17.0%	-2.2%	-4.1%	+23.2%
YoY Change	—	—	—	—	+89.3%	+56.1%	+15.5%	-20.6%	-35.9%	-27.3%	+6.6%	+8.6%	+19.7%	+29.3%	+4.6%	+32.9%	+10.8%	-8.0%	+2.1%	-4.1%

Range$477.00M – $925.00M

CAGR+14.0%

Avg YoY Growth+11.2%

Median YoY Growth+7.6%

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Frequently Asked Questions

What is Energy Transfer's midstream — adjusted ebitda (consolidated)?: Energy Transfer (ET) reported midstream — adjusted ebitda (consolidated) of $887.00M in Q1 2026.
How has Energy Transfer's midstream — adjusted ebitda (consolidated) changed year-over-year?: Energy Transfer's midstream — adjusted ebitda (consolidated) decreased by 4.1% year-over-year, from $925.00M to $887.00M.
What is the long-term trend for Energy Transfer's midstream — adjusted ebitda (consolidated)?: Over 4 years (2021 to 2025), Energy Transfer's midstream — adjusted ebitda (consolidated) has grown at a 14.1% compound annual growth rate (CAGR), from $1.87B to $3.16B.
What does midstream — adjusted ebitda (consolidated) mean?: The core cash-based operating profit of the midstream segment, adjusted for non-recurring or non-cash items.