Analysts set USD 24.36 target for Energy Transfer stock

Published on 10/06/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 78.40 percent to USD 34.33 billion. Energy Transfer stock has November 3, 2026 results and 14 of 17 Buy or Strong Buy ratings.

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer (ISIN US29273V1008) has an average 12-month analyst target of USD 24.36, while 14 of 17 covering firms recommend Buy or Strong Buy, according to MarketBeat on October 5, 2026. The target gives the midstream partnership a clear valuation reference ahead of its next results release.

Second-quarter numbers reset the scale

Energy Transfer reported USD 34.33 billion of revenue in the second quarter of 2026, up 78.40 percent from USD 19.24 billion in the second quarter of 2025, according to MarketBeat. The comparison is important because the revenue gain came with a sharp increase in earnings rather than a purely volume-driven top-line expansion.

Net income attributable to common unitholders reached USD 2.03 billion, compared with USD 1.09 billion a year earlier. Diluted earnings per common unit were USD 0.59 against a USD 0.38 consensus estimate, a USD 0.21 beat documented by MarketBeat.

November results set the next test

Energy Transfer plans to release third-quarter 2026 results before the market opens on November 3, 2026, followed by a conference call at 9:00 a.m. Eastern Time, according to the company's investor-relations release dated October 1, 2026. The date gives investors a defined checkpoint for testing whether the second-quarter growth rate carries into the next reporting period.

The partnership's second-quarter operating cash flow was USD 4.27 billion, compared with USD 3.38 billion in the first quarter of 2026. That sequential comparison places cash generation alongside revenue and earnings as the key measure for the next update.

Listing transition adds a structural angle

Energy Transfer announced that its common units would move from the New York Stock Exchange to the Texas Stock Exchange on October 5, 2026, while retaining the ET ticker, according to Business Wire. The change affects the trading venue, not the operating comparison that underpins the USD 24.36 consensus target.

Energy Transfer had a market capitalization of USD 71.3 billion as of October 5, 2026. Its 52-week range was USD 16.18 to USD 21.84 on the same date, leaving the valuation discussion tied to both the earnings trajectory and the partnership's established trading history.

Energy Transfer market reference

The partnership's latest quoted primary-market reference was USD 20.72 on October 5, 2026 at 4:00 p.m. Eastern Time, versus a prior close of USD 20.47. Energy Transfer therefore enters the November reporting date with revenue up 78.40 percent year over year and a USD 24.36 average analyst target as its two central market reference points.