Energy Transfer shifted listings to TXSE as JPMorgan lifted target for Energy Transfer stock

Published on 10/09/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 78.40 percent to USD 34.33 billion. Energy Transfer stock has USD 71.30 billion market value and USD 24.36 target.

Key points in brief

Energy Transfer shifted its primary listing from NYSE to TXSE on October 5, 2026.
Second-quarter revenue reached USD 34.33 billion, up 78.40 percent year over year.
MarketBeat reported a USD 2.63 billion Vaquero Midstream acquisition and a USD 24.36 consensus target.
Energy Transfer stock was last quoted at USD 20.72 on the NYSE on October 5, 2026.

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer shifted its primary listing to the Texas Stock Exchange as JPMorgan lifted its target for Energy Transfer stock from USD 24.00 to USD 25.00. MarketScreener reported the listing transfer on September 10, 2026, while MarketBeat cited JPMorgan's target change dated September 4, 2026.

Three events reshape the setup

On August 4, 2026, Energy Transfer reported second-quarter revenue of USD 34.33 billion and diluted earnings per share of USD 0.59. MarketBeat said revenue rose 78.40 percent from the year-earlier quarter and earnings per share exceeded the consensus estimate of USD 0.38.

On September 10, 2026, Energy Transfer announced that its common units would move from the New York Stock Exchange to TXSE on October 5, 2026, under ticker ET. The company said its network covered approximately 140,000 miles of pipeline and related infrastructure across 44 states, according to MarketScreener.

On October 7, 2026, MarketBeat reported that Energy Transfer had agreed to acquire Vaquero Midstream for USD 2.63 billion, including USD 1.95 billion in cash and 33.3 million newly issued common units. The transaction adds operating scale but also gives investors two figures to track: cash funding and potential unit dilution.

What does the earnings gap mean?

The second-quarter revenue figure exceeded the cited consensus of USD 27.71 billion by USD 6.62 billion, while diluted earnings per share reached USD 0.59 against USD 0.38 expected. The revenue comparison is particularly important because the company combines fee-based transportation, storage, processing and fractionation with commodity-sensitive activities.

MarketBeat listed a consensus Moderate Buy rating and an average target of USD 24.36, while JPMorgan's separate target stood at USD 25.00 after rising from USD 24.00. The two targets frame an analyst range that remains above the latest NYSE reference price, but they are forecasts rather than company guidance.

Next date is November 3

Energy Transfer's investor-relations calendar schedules the third-quarter 2026 earnings webcast for November 3, 2026, at 9:00 a.m. ET. The date follows the second-quarter report and gives the market a defined checkpoint for assessing the listing change, the Vaquero transaction and operating cash generation.

Stock reference after the listing move

Energy Transfer stock was last at USD 20.72 on the NYSE on October 5, 2026, versus USD 20.47 previously. The finance snapshot also placed market capitalization at USD 71.3 billion and the 52-week range at USD 16.18 to USD 21.84, with the latest price 5.13 percent below the high.

Market context: Market report S&P 500.