Energy Transfer (ET) News Today

Energy Transfer LP (NYSE: ET) — shares are trading lower after mixed Q1 results and follow-on market activity. Investors are weighing a revenue beat, record volumes and higher 2026 adjusted EBITDA guidance against an EPS miss and a downgrade from a sell‑side outlet; analyst price‑target increases and heavy call buying add offsetting bullish pressure.

• Positive Sentiment: Management raised 2026 adjusted EBITDA guidance to $18.2–$18.6B and increased the common distribution, signaling stronger cash‑flow outlook and support for the yield. Energy Transfer (ET) Is Up 5.0% After Raising 2026 EBITDA Guidance And Distributions
• Positive Sentiment: Q1 revenue jumped ~32% to $27.77B and management cited record operating volumes — evidence that recent growth projects are feeding throughput and top‑line strength. Energy Transfer Reports First Quarter 2026 Results and Updates 2026 Financial Guidance
• Positive Sentiment: Stifel Nicolaus bumped its price target from $23 to $25 and set a "buy" rating, which implies roughly mid‑20% upside from current levels and can attract institutional demand. Benzinga
• Neutral Sentiment: Unusually large options activity — ~102,786 calls traded (up ~93% vs. avg.) — points to speculative bullish positioning and higher short‑term volatility, but it doesn't guarantee directional follow‑through.
• Neutral Sentiment: Detailed Q1 disclosures (earnings call transcript and slide deck) show capex deployment (~$1.5B organic growth capex) and DCF commentary that investors can use to model distributable cash and leverage trends. Energy Transfer LP Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 EPS of $0.35 missed consensus ($0.40), which pressured sentiment despite the revenue beat and guidance raise — a reminder that unit economics and one‑time items can blunt headline earnings. Energy Transfer Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Negative Sentiment: At least one analyst write‑up downgraded the name, arguing valuation/yield tradeoffs make it less attractive now — that press can add selling pressure among income investors. Energy Transfer: A 7%-Yielding Partnership To Snatch Up Now (Downgrade)

Bottom line for investors: the company’s operational momentum (revenues, volumes, higher guidance, distribution increase) is bullish, but the EPS miss and a downgrade are near‑term negatives — the net effect is increased volatility as market participants re‑price risk vs. yield and growth. Monitor upcoming analyst revisions, option flows, and whether management’s guidance holds in subsequent quarters.