Mizuho raises target for Energy Transfer stock to USD 26.00

Published on 10/19/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vaquero adds 675 MMcf/d of capacity under a USD 2.63 billion deal. For Energy Transfer stock, 2026 capital spending is guided at USD 5.60-5.90 billion.

Growth and reporting milestones

Energy Transfer agreed to acquire Vaquero Midstream for USD 2.63 billion on October 6, 2026.
Mizuho raised its target from USD 25.00 to USD 26.00 on October 13, 2026.
Energy Transfer is scheduled to report third-quarter results on November 3, 2026.

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer LP (US29273V1008) is set to report its next quarterly results after Mizuho raised its price target to USD 26.00 from USD 25.00 on October 13, 2026. The analyst move followed Energy Transfer's second-quarter performance and updated earnings expectations, while the partnership is also pursuing a USD 2.63 billion acquisition.

Three milestones shape the case

On May 5, 2026, Energy Transfer reported adjusted EBITDA of approximately USD 4.90 billion for the first quarter, compared with approximately USD 4.10 billion a year earlier, according to Fortune. On August 4, 2026, second-quarter revenue reached USD 34.33 billion and net income reached USD 2.03 billion, with revenue up 78 percent from the same quarter of 2025, according to Simply Wall St. Mizuho's October 13, 2026 target increase to USD 26.00 was the latest of the three milestones.

Why did Mizuho raise the target?

Investing.com reported that Mizuho kept its Outperform rating while lifting the target from USD 25.00 to USD 26.00. The report cited revised earnings assumptions, while also noting that commodity-related earnings could moderate from the unusually strong second quarter.

The operating backdrop includes a USD 5.10 billion second-quarter adjusted EBITDA result, compared with USD 3.90 billion in the same quarter of 2025, and full-year 2026 adjusted EBITDA guidance of USD 18.80 billion to USD 19.10 billion, as reported in the same analyst coverage. The guidance range gives investors a concrete measure for judging whether the higher target is supported by execution rather than only by valuation.

What dates matter next?

Energy Transfer agreed on October 6, 2026 to acquire Vaquero Midstream for USD 2.625 billion, including USD 1.95 billion in cash and approximately 33.30 million newly issued common units, according to Energy Transfer. The assets include three processing plants with combined capacity of 675 MMcf/d and contracts with an average remaining life of approximately 10 years.

The next reporting date is November 3, 2026, when Energy Transfer plans to release third-quarter results before the market opens and hold its earnings call, according to Energy Transfer.

Latest quoted value and market scale

Energy Transfer was last quoted at USD 20.25 on October 16, 2026 at 3:35 p.m. ET on NYSE American. The same quote showed a market capitalization of USD 69.7 billion and a 52-week range of USD 16.18 to USD 21.84.