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Energy Transfer ET Q2 2026 earnings

Reported August 4, 2026 · Before market open

Revenue$34.3BBeat by $6.6B
EPS$0.59Beat by $0.21
Revenue estimate$27.7B
EPS estimate$0.38

Next report

Nov 3, 2026 (in a month)
Revenue estimate$30.8B
EPS estimate$0.40

Financials

Q2 2026

Income statement

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Revenue$34.3B+78.4%
Gross profit$7.4B+39.7%
Operating income$3.6B+54.8%
Net income$2.1B+79.5%
EPS (diluted)$0.59+84.4%

Balance sheet

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Cash & equivalents$1.0B+321%
Total debt$70.2B+14.1%
Total assets$148.17B+18.5%

Cash flow

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Operating cash flow$4.3B+54.6%
CapEx$1.6B-5.7%
Free cash flow$2.7B+145%

Valuation & ratios

Valuation

as of 10/02/26
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Market cap$69.21B+19.2%
Enterprise value$138.43B+16.8%
P/E13.1×+0.4×
P/S0.6×-0.1×

Profitability

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Gross margin23.6%-2.8pp
Operating margin10%-1.4pp
Net margin4.9%-1.0pp
FCF margin5.1%-2.0pp

Returns & leverage

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Current ratio1.2×0.0×

Segments

By segment

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Investment in Sunoco LP$14.3B+165%
Crude oil transportation and services$11.1B+92.3%
NGL and refined products transportation and services$7.7B+29.9%
Midstream$2.8B-10.0%
Interstate transportation and storage$609.0M+3.2%

By product

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NGL sales$5.7B+27.5%
Natural gas sales$400.0M-62.2%

FAQ

When did Energy Transfer report Q2 2026 earnings?
Energy Transfer (ET) reported Q2 2026 earnings on August 4, 2026 before market open.
What were Energy Transfer's Q2 2026 revenue and EPS?
Energy Transfer reported revenue of $34.3B and eps of $0.59 for Q2 2026.
Did Energy Transfer beat estimates in Q2 2026?
Revenue beat the consensus estimate of $27.7B by $6.6B. EPS beat the consensus estimate of $0.38 by $0.21.
How did Energy Transfer's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 78.4% from $19.2B a year earlier and eps grew 84.4% from $0.32.
Where can I find Energy Transfer's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001276187-26-000033) and the 10-Q periodic report (0001276187-26-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.