Mizuho raises target to USD 26.00 for Energy Transfer stock

Published on 10/21/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho lifted its target from USD 25.00 to USD 26.00 on October 13, 2026. Energy Transfer stock reports on November 3, 2026.

Analyst target and reporting date

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

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer (ISIN US29273V1008) received a higher USD 26.00 price target from Mizuho on October 13, 2026, up from USD 25.00 while the firm maintained its Outperform rating, according to Investing.com. The revised target follows Energy Transfer's planned expansion in the Permian Basin.

Vaquero adds 675 million cubic feet

Energy Transfer agreed on October 6, 2026, to acquire Vaquero Midstream for USD 2.63 billion in cash and common units. The transaction includes USD 1.95 billion in cash and 33.30 million new units, while Vaquero contributes a pipeline network with processing capacity of 675 million cubic feet per day, Streetwise Reports reported on October 13, 2026.

The acquisition is designed to connect Vaquero's Delaware Basin assets with Energy Transfer's broader gas and natural gas liquids network. The system includes 300 miles of pipelines and room to expand processing capacity to 1.20 billion cubic feet per day. Energy Transfer expects the deal to add to distributable cash flow per common unit immediately.

What does the target mean for earnings?

Mizuho said commodity-related earnings could moderate from the unusually strong second quarter of 2026 as market conditions normalize. The analyst nevertheless cited the acquisition and ongoing project ramp-up as reasons for a constructive outlook. Energy Transfer's adjusted earnings per share reached USD 0.59 in the second quarter, against a USD 0.37 forecast, while adjusted earnings before interest, taxes, depreciation and amortization rose 30.80 percent year over year to USD 5.10 billion, according to Investing.com.

Three dates frame the story

On August 4, 2026, Energy Transfer reported second-quarter adjusted earnings per share of USD 0.59. On October 6, 2026, it agreed to acquire Vaquero for USD 2.63 billion. On October 13, 2026, Mizuho raised its target to USD 26.00. The sequence links operating performance, expansion spending and analyst valuation.

Next reporting date

Energy Transfer plans to release third-quarter 2026 results before the market opens on November 3, 2026, with an earnings call scheduled for 9:00 a.m. Eastern Time. The date was announced by Energy Transfer on October 1, 2026.

Infrastructure remains the anchor

Energy Transfer operates approximately 140,000 miles of pipeline and associated energy infrastructure across 44 states. The company generated USD 34.33 billion in revenue and USD 2.53 billion in consolidated net income in the second quarter of 2026. Its next results will show whether the Vaquero strategy and recent project additions are translating into further cash-flow growth.