Energy Transfer (ET) said Tuesday it expects to invest $5 billion-$5.5 billion in growth capital during 2026, primarily on projects enhancing its natural gas network.
The partnership said it expects continued growth in 2026 and to generate $17.3 billion-$17.7 billion of consolidated adjusted EBITDA, including Sunoco LP (SUN) and USA Compression Partners (USAC), and expects several significant new projects to ramp up or come online in 2026, including the Nederland Flexport NGL expansion, Mustang Draw I and Mustang Draw II processing plants in the Permian Basin, Hugh Brinson Pipeline Phase I, NGL projects on the Lone Star Express and Gateway Pipelines, and natural gas pipeline projects serving data center facilities in Texas.
Energy Transfer (ET) said it expects to continue to target a long-term annual distribution growth rate of 3%-5%, with cash distributions “supported by a growing asset base with exceptional product and geographic diversity with balanced earnings contributions from its nationwide network of natural gas, NGL, and crude oil assets.”