Energy Transfer Likely to Post Sequentially Lower Q2 EBITDA Amid Seasonal Performance Slump, UBS Says

MT Newswires Live07-09 23:12

Energy Transfer (ET) is likely to post sequentially lower Q2 EBITDA of $4.45 billion due to seasonally lower performance across business segments, UBS said in a Wednesday research report.

For the full-year 2026, the brokerage said it expects EBITDA of $18.49 billion, as the company remains well-positioned to grow earnings and dividends for the upcoming decade. Energy Transfer is due to report Q2 results on August 4.

The company raised its full-year adjusted EBITDA guidance and highlighted during Q1 earnings call that producers will bring on more rigs and ramp production amid rising demand for US supply, according to the note.

The company's expansion of the Nederland natural gas liquids export terminal to match higher client demand is expected to boost ethane export capacity at Nederland, and become operational in 2028, analysts wrote.

The brokerage said it reiterated its buy rating on the stock and price target of $24 per share.

Price: 19.78, Change: -0.08, Percent Change: -0.40

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment