NEW YORK, June 27, 2026, 13:05 EDT
- Energy Transfer gained 2.2% from the last close ahead of the Juneteenth holiday, though Friday’s volume was roughly 61% under its 65-day average.
- Shares ended 7.4% under the 52-week high from May 20. Analysts have a median target of $24, according to .
- Energy Transfer is relying on long-term gas and NGL contracts as it targets about a 7% payout and sets a 2026 growth budget between $5.5 billion and $5.9 billion.
- Next week has a shortened schedule as the NYSE will shut on July 3 for Independence Day observed.
Energy Transfer LP NYSE:ET was flat on Friday. The pipeline stock edged down 0.05% to $19.17, matching the S&P 500’s small decline but trailing the energy sector, which gained 0.18%. Trading volume was only 5.30 million units, far below its 65-day average of 13.62 million. Shares traded 7.39% under their $20.70 high from May.
ET added 2.24% for the week based on the June 18 close, the session right before the Juneteenth pause. Over its five trading days, ET saw about 36.6 million units change hands — well under the roughly 68.1 million it would have logged if volume had kept pace with the 65-day average. Shares rose for the week, but volume stayed light.
That’s important for holders since ET hasn’t moved past its recent high, but breakout traders still have a shot. Volume hasn’t backed it up yet. Analysts tracked by The Wall Street Journal give ET an average target of $23.70 and a median of $24, which is 23.6% and 25.2% over Friday’s close.
Energy Transfer’s June investor deck laid out its side. The company said its cash distribution yield stood near 7% as of June 18. For 2026, Energy Transfer is guiding for adjusted EBITDA of $18.2 billion to $18.6 billion. It also outlined a long-term annual distribution growth target of 3%-5%. The same presentation pegged 2026 organic growth capital at $5.5 billion-$5.9 billion.
Energy Transfer is pointing to a gas pipeline backlog. The company says demand-pull contracts with end users, data centers and utilities cover over 6 Bcf/d in contracted capacity. That translates to more than $25 billion in projected firm transportation revenue and averages 18 years per contract. The investor deck lists deals with Oracle NYSE:ORCL data centers, power demand in Oklahoma, and the Nexus Hubbard AI campus in Central Texas.
Energy Transfer plans more NGL exports. The company said on June 18 it will boost the Nederland NGL export terminal with 240,000 barrels a day of new ethane capacity and 55,000 bpd of added LPG capacity. Energy Transfer said long-term deals reaching into the 2040s have already locked in all the new ethane capacity.
Energy Transfer’s financial base was stronger in the first quarter, but net income dropped. The company posted adjusted EBITDA of $4.94 billion, a 20% jump over last year. Distributable cash flow was $2.70 billion. Energy Transfer also lifted its 2026 adjusted EBITDA outlook, now expecting $18.2 billion to $18.6 billion, up from the previous $17.45 billion-$17.85 billion range.
Energy Transfer (ET) Co-CEO Tom Long told the company’s May earnings call it “beat our internal plan by approximately $500 million.” Co-CEO Marshall McCrea added there was now a “very clear redirection to the U.S. for all products” with global buyers turning to U.S. supply. Roic AI
ET will see just four regular sessions next week. The NYSE is closed Friday, July 3, for Independence Day observed, though trading sticks to 9:30 a.m. to 4 p.m. ET when open. ET has to break above $19.31 to clear last week’s high. It drops back under $18.74 if the post-Juneteenth bounce goes.
