Energy Transfer shares rise after raising 2026 guidance
Energy Transfer has raised its 2026 guidance, causing its shares to climb over 2% since the announcement.
The company’s shares are now trading near their 52-week high of $21.11, up from $20.20 to $20.28 before the announcement.
Energy Transfer’s diverse midstream energy operations are well-positioned to capture growing demand for natural gas infrastructure, driven by AI data center build-outs and power grid expansions.
The company reported a 25% year-over-year increase in NGL exports in the second quarter, a company record, and completed upgrades to its Lone Star Express NGL pipeline.