Mizuho raises target for Energy Transfer stock to USD 26.00 weight=bold)

Published on 10/16/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vaquero adds 675 MMcf/d under the October 6 deal. Energy Transfer stock posted Q2 revenue of USD 34.33 billion and net income of USD 2.03 billion.

Analyst target and acquisition

Mizuho raised its target from USD 25.00 to USD 26.00 on October 13, 2026.
Energy Transfer agreed to a USD 2.625 billion Vaquero transaction on October 6, 2026.
Second-quarter net income reached USD 2.09 billion versus USD 1.16 billion a year earlier.
Third-quarter results are scheduled for November 3, 2026.

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Energy Transfer raised its market profile after Mizuho lifted its price target from USD 25.00 to USD 26.00 on October 13, 2026, while keeping an Outperform rating, according to Investing.com. The target revision followed Energy Transfer's second-quarter adjusted earnings per share of USD 0.59, compared with the USD 0.37 forecast cited in the report.

Vaquero expands gas capacity

Energy Transfer had agreed on October 6, 2026, to acquire Vaquero Midstream in a transaction valued at USD 2.625 billion, according to the company's Energy Transfer release. The consideration includes USD 1.95 billion in cash and 33.30 million newly issued common units. Vaquero adds three processing plants with combined capacity of 675 MMcf/d and a pipeline network spanning about 300 miles.

The deal is expected to close in the fourth quarter of 2026, subject to regulatory approval and customary conditions. Its fee-based contracts have an average remaining life of about 10 years, giving the transaction a contracted-revenue element alongside its Permian Basin expansion.

What does the earnings comparison show?

For the quarter ended June 30, 2026, Energy Transfer reported net income attributable to partners of USD 2.09 billion, up from USD 1.16 billion in the same quarter of 2025, according to Business Wire. That comparison represents an 80.17 percent increase, while quarterly revenue reached USD 34.33 billion in the second quarter of 2026.

Three dated signals for Energy Transfer

On October 1, 2026, Energy Transfer announced a November 3, 2026, release date for third-quarter results. On October 6, 2026, it agreed to the USD 2.625 billion Vaquero acquisition. On October 13, 2026, Mizuho raised its target from USD 25.00 to USD 26.00.

Next reporting date

The next scheduled event is the third-quarter earnings release on November 3, 2026, before the market opens, followed by a conference call at 9:00 a.m. ET, according to Business Wire.

Stock valuation context

Energy Transfer was last quoted at USD 19.88 on October 15, 2026, at 4:10 p.m. ET on NYSE American. Its market capitalization was USD 68.5 billion, while the 52-week range stood at USD 16.18 to USD 21.84. The next report will test whether the earnings strength supporting the higher target continues after the Vaquero announcement.