Energy Transfer LP reported significant financial growth in its latest quarterly results, with total revenues reaching $34.3 billion for the three months ended June 30, 2026, compared to $19.2 billion for the same period in 2025. This represents an increase of 79% year-over-year. For the first half of 2026, revenues totaled $62.1 billion, up from $40.3 billion in the prior year. The partnership's net income also saw a substantial rise, increasing to $2.5 billion for the second quarter, compared to $1.5 billion in the same quarter last year, and $4.5 billion for the first half of 2026, up from $3.2 billion in 2025.
The financial performance was bolstered by higher segment margins across various business lines, particularly in crude oil transportation and services, which saw revenues increase to $11.1 billion from $5.7 billion year-over-year. The NGL and refined products transportation segment also contributed significantly, with revenues rising to $7.7 billion from $5.9 billion. The partnership attributed these increases to favorable market conditions, higher volumes, and strategic acquisitions, including the recent purchase of TanQuid and Delta Petroleum Group, which expanded its operational footprint in Europe and the Caribbean.
Operationally, Energy Transfer LP reported a total of 3,443,299,601 common units outstanding as of June 30, 2026. The partnership's cash flow from operating activities increased to $7.6 billion for the first half of 2026, compared to $5.7 billion in the same period last year. This increase was primarily driven by higher earnings and improved management of working capital. The partnership also noted a significant rise in accounts receivable, which increased to $16.8 billion from $11.3 billion, reflecting higher sales volumes.
Looking ahead, Energy Transfer LP anticipates continued growth, with capital expenditures projected at approximately $5.75 billion for growth initiatives in 2026. The partnership plans to focus on expanding its infrastructure and enhancing operational efficiencies. Additionally, it expects to maintain a strong liquidity position, with available cash and credit facilities to support its ongoing operations and strategic investments. The partnership's management remains optimistic about the future, citing favorable market dynamics and the successful integration of recent acquisitions as key drivers for sustained performance.
About Energy Transfer LP
Energy Transfer LP is a leading energy infrastructure company specializing in natural gas, crude oil, NGL, and refined products transportation, storage, and processing across the U.S. It owns extensive pipeline networks, LNG facilities, and storage assets, serving major markets and industrial end-users. The company generates revenue through transportation fees, storage, and marketing activities, leveraging its integrated assets and strategic partnerships to provide energy logistics and services.
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