Energy Transfer LP is a US energy company operating through segments including intrastate and interstate transportation and storage, midstream, NGL and refined products, crude oil, and investments in Sunoco LP and USA Compression Partners. It owns and operates natural gas pipelines and storage, with about 12,200 miles of intrastate and 20,090 miles of interstate natural gas pipelines, and sells natural gas to utilities, power plants, distributors, and industrial users. It also owns natural gas gathering, processing, and treating facilities, 5,700 miles of NGL pipelines, and about 18,000 miles of crude oil pipelines, and sells motor fuels under the Sunoco and EcoMaxx brands. Formerly Energy Transfer Equity, L.P., it changed its name to Energy Transfer LP in October 2018, was founded in 1996, and is headquartered in Dallas, Texas.
Energy Transfer expands exports, wins legal payout, rides data-center gas demand
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Nederland NGL export expansion fully booked Energy Transfer will add 240,000 barrels per day of ethane and 55,000 barrels per day of LPG export capacity at its Nederland terminal, with all new ethane capacity locked into long-term contracts through the 2040s. This locks in steady fee income for years, boosting future profits and supporting a higher unit price.
This is a major new growth project that directly increases long-term cash flow and is the biggest new event this period.
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New gas supply deals with Matador and data centers Energy Transfer signed gas supply agreements with Matador Resources and is already flowing gas to Oracle's data center campus near Abilene, with total new demand-pool volumes exceeding 6 billion cubic feet per day. These long-term contracts tie ET to the fast-growing AI power market, raising expectations for steady volume growth.
These deals show concrete new demand sources that underpin future revenue and justify higher earnings forecasts.
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$392 million legal judgment won Energy Transfer won a $392 million court judgment against CPS Energy over unpaid Winter Storm Uri gas bills, including $263.6 million in disputed payments and $119 million in interest. This is a one-time cash boost that strengthens the balance sheet and can fund growth or distributions, lifting investor confidence.
A large, unexpected cash inflow directly improves ET's financial position and is a new event this period.
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Raised 2026 earnings guidance and strong sector outlook Energy Transfer raised its 2026 adjusted EBITDA growth forecast to 14%-16% from 9%-12%, and analysts highlight record crude and NGL volumes plus a 7% dividend yield. With global LNG demand projected to surge 65% by 2050, ET's export and pipeline network is seen as a key beneficiary, supporting a higher valuation.
Guidance increase and favorable long-term demand trends are fresh catalysts that revalue the stock upward.
Latest
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ET's AI data-center gas deals and raised guidance drive growth outlook
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Q2 beat and 19th straight distribution hike Energy Transfer reported strong Q2 2026 results, raised its quarterly cash distribution to $0.34 per unit, and lifted full-year EBITDA guidance to $18.8–$19.1 billion. Higher cash flow and a bigger payout make the stock more attractive to income investors, supporting the price.
This is the core earnings and capital-return news that directly lifts investor confidence and the stock's income appeal.
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AI data-center gas supply deals expand ET has signed multiple long-term natural gas supply agreements with AI data centers and utilities, including about 900,000 Mcf/d for three Oracle sites and a 20-year Entergy deal. These contracts add durable demand and support multi-year growth in volumes and earnings.
This is the main new growth driver showing how AI power demand translates into real, long-term contracts for ET.
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Green Chile pipeline delayed six months Transwestern, an ET subsidiary, pushed the in-service date for the Green Chile gas project in New Mexico to February 2027 from August 2026 after repeated state denials over routing. The delay postpones revenue from a key data-center supply project and highlights permitting risk.
This is the main counterweight: a concrete project delay that could slow near-term growth and shows regulatory hurdles.
Q3 2026
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ET boosts spending on AI gas deals, but New Mexico blocks pipeline
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Higher growth spending on AI data-center and export pipelines Energy Transfer raised 2026 growth spending to as much as $5.9 billion for AI data-center and export gas pipelines backed by long-term fee contracts targeting mid-teens returns. This positions ET to capture growing demand and supports future earnings.
This is a new capital allocation decision that directly affects ET's growth outlook and investor expectations.
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Q2 beat, raised EBITDA guidance, and 19th straight distribution hike ET beat Q2 estimates, lifted EBITDA guidance to $18.8–$19.1 billion, and declared its 19th straight distribution hike to $0.34 per unit, plus a preferred distribution. This reflects strong operational performance and commitment to shareholder returns.
These are new financial results and capital return announcements that directly impact unit price and investor confidence.
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New AI data-center deals reinforce durable demand New AI data-center deals—including ~900,000 Mcf/d for three Oracle sites and a 20-year Entergy agreement—reinforce durable demand. These long-term contracts tie ET to the fast-growing AI power market, raising expectations for steady volume growth.
These are new agreements that expand ET's customer base and secure long-term revenue, a key driver of future growth.
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New Mexico rejects Oracle pipeline; Green Chile project delayed New Mexico rejected ET's 17-mile Oracle pipeline over water, emissions, and revenue concerns, and the Green Chile project slipped six months to February 2027 amid permitting denials. These setbacks could delay revenue and increase regulatory risk.
This is a new regulatory and project delay that poses a real counterweight to ET's growth story.
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Texas Stock Exchange Parent Raises $155 Million in Third Funding Round
TXSE Group Inc., the parent company of the Texas Stock Exchange, raised $155 million in a third funding round as it challenges the New York Stock Exchange and the Nasdaq for equities listings. Existing shareholders provided about three-quarters of the new money, with the rest coming from new backers, and funding for the exchange now totals $430 million, the Dallas-based company said in a statement Wednesday, without identifying the new investors. Founder and chief executive officer James Lee said the latest funding is an institutional validation of demand for a competing exchange, adding that real competition for primary listings is here and here to stay. The TXSE, which won authorization from federal regulators a year ago, recently lured an initial slate of primary listings consisting largely of companies with close ties to the exchange, among them Energy Transfer LP, whose chairman Kelcy Warren owns a big stake in TXSE Group, and Texas Capital Bancshares Inc., led by Rob Holmes, a member of an advisory board to the exchange. The exchange built its early pitch in part around support from big-name backers, attracting investments from BlackRock Inc. and Citadel Securities, and followed that with a second round of fundraising led by JPMorgan Chase & Co., while the NYSE and Nasdaq have responded with Texas-based venues designed to expand their reach in the state.
Oracle Issues Force Majeure Notice on New Mexico Stargate Data Center
Oracle has sent a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, Bloomberg first reported Thursday. The notice would allow Oracle to delay payments should the facility miss its 2028 target to come online, though Oracle is not seeking to exit as the campus's main tenant. Blue Owl Capital, whose unit received the notice, said the notice does not change the financial commitments to the multi-year project. Oracle said Project Jupiter remains on its planned schedule and that it is fully committed to New Mexico. The campus, designed to handle 2.45 gigawatts, is meant to run on gas-powered fuel cells from Bloom Energy, and an Energy Transfer pipeline intended to deliver gas to the site has been delayed nearly six months, to Feb. 1, 2027, after regulators repeatedly denied permits. Project Jupiter is one of the flagship sites of Stargate, the AI infrastructure initiative Oracle, OpenAI and SoftBank announced with President Donald Trump early in his second term.
Cloud & Digital Infrastructure › Mega-cap Hyperscalers ▼Supply
Artificial Intelligence › Colocation & Hyperscale REITs Capital
Artificial Intelligence › AI Compute Cloud & Neoclouds Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▼Demand
ORCL · Capital · Negative Oracle issued a force majeure notice allowing it to delay payments if the New Mexico Stargate campus misses its 2028 online target.
OBDC · Capital · Neutral Blue Owl unit received Oracle's force majeure notice, but Blue Owl says financial commitments to the multi-year project are unchanged.
OWL · Capital · Neutral Blue Owl Capital's unit received the force majeure notice, though it says the project's financial commitments are unchanged.
ET · Supply · Negative Energy Transfer's pipeline to the New Mexico Stargate site was delayed nearly six months after regulators repeatedly denied permits.
BE · Supply · Negative Project Jupiter's fuel-cell power supply is jeopardized by the force majeure notice and delayed gas pipeline, threatening Bloom Energy's role at the site.
Stifel Resumes Energy Transfer Coverage With Buy Rating and $25 Target
Stifel resumed coverage of Energy Transfer LP with a Buy rating and a $25 price target, implying 16% upside from current levels. The firm called the midstream operator undervalued and diversified, citing rising natural gas demand from the power sector, incremental Permian Basin gathering and processing and egress opportunities, and continued global growth in NGL exports. Energy Transfer's NGL transportation volumes rose 13% year over year in the second quarter and its NGL exports rose 25% year over year, both records for the partnership, and the company expects to spend between $5.6 billion and $5.9 billion in organic growth capital expenditures in 2026, much of it directed toward natural gas and NGL infrastructure. The stock has surged almost 30% since the beginning of 2026, and the company carries an annual dividend yield of 6.31% while targeting long-term annual distribution growth of 3% to 5%. Stifel's call reinforces the bull case, though elevated capital spending and the risk that data center-driven gas demand expectations prove overly optimistic remain key concerns.
TXSE lures 4 energy companies away from NYSE with combined value of nearly $100 billion
The Texas Stock Exchange, or TXSE, has succeeded in attracting four energy companies to move their primary listings from the New York Stock Exchange, or NYSE, to Dallas. The companies moving their primary listings to TXSE in early October include Energy Transfer, a pipeline operator; USA Compression Partners, a midstream energy services provider; and Sunoco LP and SunocoCorp LLC, which are engaged in fuel distribution. Together, the companies moving to TXSE have a combined market capitalisation of nearly $100 billion. The move follows Texas Capital Bancshares' announcement last month that two exchange-traded funds would also leave the NYSE to list primarily on TXSE, reflecting the progress of the fledgling exchange, which only began trading in July and is trying to establish itself as a serious rival to the major exchanges. James Lee, chairman and chief executive of TXSE, said the decisions by these companies mark a turning point for capital markets and the start of a larger trend that will reshape the landscape of corporate listings on US stock exchanges. However, market structure analysts believe TXSE's ability to genuinely challenge the NYSE and Nasdaq will depend on whether it can turn the strengths of Texas, which has sought to position itself as a business-friendly alternative, into a steady flow of companies moving their listings to TXSE. One analyst cautioned that this will not happen easily, since similar efforts in the past failed to build much momentum. TXSE is backed by several major Wall Street investors, including BlackRock, Citadel Securities and Charles Schwab, as well as Texas billionaire Kelcy Warren, who according to filings with the US Securities and Exchange Commission held a significant stake in TXSE Group as of 2025 and also serves as executive chairman of Energy Transfer, one of the companies moving its primary listing to TXSE.
Energy Transfer to Move Primary Listing from NYSE to Texas Stock Exchange
Energy Transfer is preparing to become the first major company to switch its primary listing from the NYSE to the Texas Stock Exchange, The Wall Street Journal reported late Wednesday. The pipeline company, which carries a market capitalization of roughly $75 billion, plans to make the move as soon as next month. Energy Transfer Executive Chairman Kelcy Warren, whose estimated net worth exceeds $9 billion, is a major backer of the exchange's parent company, holding a roughly 30% stake in TXSE Group according to a 2025 filing. TXSE has already attracted multiple ETFs that will list on it in the coming weeks, but the Dallas-based Energy Transfer would be the first big corporate listing on the venue.
ET · Capital · Neutral Energy Transfer plans to switch its primary listing from NYSE to the Texas Stock Exchange, a corporate/valuation event with unclear market impact.
TXSE Group Inc. · Capital · Positive TXSE Group gains its first major corporate listing as Energy Transfer moves its primary listing to the Texas Stock Exchange.
Energy Transfer Emerges as Major Natural Gas Supplier to AI Data Centers
Pipeline giant Energy Transfer has quietly become one of the biggest natural gas suppliers to AI data centers, positioning itself to capitalize on the AI power boom. The company has signed several deals, including a major agreement to supply about 900,000 Mcf/d of natural gas to three Oracle data centers, a 150,000 Mcf/d deal with Nexus for an AI hyperscale campus, and a deal to support a 900-megawatt AI factory campus for Crusoe. Energy Transfer is also providing gas to utilities, such as a 20-year deal with Entergy for at least 250,000 MMBtu/d starting in December 2028, and supplying 300,000 Mcf/d to four new gas-fired power plants in Oklahoma. These projects, which include the $2.7 billion Hugh Brinson and up to $5.6 billion Desert Southwest pipelines, support the company's expectation to grow adjusted EBITDA by at least 17.5% this year and increase its distribution by 3%-5% annually.
Phillips 66 Seen as Most Likely Delek US Holdings Acquirer
Phillips 66 is viewed as the most credible potential acquirer of Delek US Holdings, whose stock has surged 141% year to date past Wall Street's $64 consensus target. Delek closed at $71.47 on August 21, 2026, near its 52-week high, and an acquirer would gain four refineries with roughly 302,000 barrels per day of capacity plus a 63% controlling stake in Delek Logistics Partners. Marathon Petroleum and Valero Energy each hold about $8 billion in cash but prefer buybacks or demand stronger strategic fit, while Energy Transfer faces leverage and capex constraints. Three Delek executives sold shares on August 17 and 18, 2026, described as routine pre-scheduled sales, and the stock's run-up has compressed the rational takeover premium.
Energy Transfer's 6.3% Yield Seen Surviving Next Oil Downturn
Energy Transfer's 6.3% distribution yield is likely to survive the next energy downturn, according to an analysis by The Motley Fool. The master limited partnership cut its distribution in half in 2020 during the pandemic-driven energy slump, but that move was strategic and allowed it to reduce debt-to-EBITDA from a peak of 5.4x at the end of 2020 to 4.1x today. Energy Transfer now targets distribution growth of 3% to 5% a year, and its distributable cash flow covered its distribution by 2.2x in the second quarter, compared with 1.9x for peer Enterprise Products Partners. The article notes that Energy Transfer is more leveraged and more complex than Enterprise, which has a 28-year streak of annual distribution increases and offers a 5.7% yield, making Enterprise the better choice for conservative investors.
Three Energy Dividend Stocks Offer Big Yields in August
Enterprise Products Partners, Energy Transfer, and Enbridge are highlighted as top energy dividend stocks for August, each posting record volumes and raising distributions. Enterprise Products Partners reported record second-quarter distributable cash flow of $2.3 billion, up 21% year over year, with 1.9 times distribution coverage, while Energy Transfer raised its full-year 2026 adjusted EBITDA guidance for the second time this year to between $18.8 billion and $19.1 billion. Enbridge's shares have pulled back 9.59% over the past month, which improves the entry point, as CEO Greg Ebel cites the best macro environment for growth in 10 years. All three offer growing distributions backed by fee-based cash flows and direct exposure to LNG export, NGL export, and power and data center demand.
Energy Transfer Raises 2026 Guidance on Strong Cash Flow
Energy Transfer raised its full-year 2026 adjusted EBITDA guidance by $500 million to a range of $18.8 billion to $19.1 billion after reporting second-quarter distributable cash flow of $2.59 billion, up 32% year over year. The company also increased its quarterly distribution for the 19th consecutive quarter to $0.34 per share, yielding about 6.43%. Management highlighted surging natural gas demand from data centers, record NGL exports up 25% year over year, and the early completion of its 442-mile Hugh Brinson Pipeline. The stock trades near its 52-week high of $21.11 with a trailing enterprise-value-to-EBITDA multiple of around 9.7.
Oracle Stock Falls on Six-Month Delay to New Mexico Gas Pipeline
Oracle shares dropped nearly 4% on Friday after Transwestern Pipeline, a subsidiary of Energy Transfer, said the Green Chile natural gas project in New Mexico would be delayed by six months. The pipeline is crucial to powering Oracle's massive Project Jupiter data center complex, which plans to use Bloom Energy fuel cells to supply up to 2.5 gigawatts of electricity. Transwestern revised the in-service date to February 1, 2027, from the original August 15, 2026, citing repeated denials by the state over routing on public land. An Oracle spokesman told Bloomberg that Project Jupiter remains on schedule and the company continues to work closely with partners.
Energy Transfer Positions to Capitalize on AI Power Surge
Alpha Wealth Funds' Insiders Fund highlighted Energy Transfer LP in its Q2 2026 investor letter, citing the midstream company's strategic shift toward AI-driven power demand. The fund reported a 1.45% loss in June, an 8.43% gain for the second quarter, and a 0.75% year-to-date return, underperforming the S&P 500's respective figures of -0.95%, 15.2%, and 9.98%. Energy Transfer's revenue surged 32% year-over-year in Q1 2026 to $27.77 billion, and the company announced a long-term agreement with Cloudburst Data Centers to supply natural gas for an AI-focused data center in Central Texas. Management is reviewing connection requests from approximately 200 data centers across 14 states. Energy Transfer closed at $20.76 per share on August 13, 2026, with a market capitalization of $71.48 billion and a dividend yield of 6.98%.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
Artificial Intelligence › AI Power & Cooling ▲Demand
ET · Demand · Positive Long-term agreement to supply natural gas for AI data center and 200 connection requests signal strong demand for its services.
CloudBurst Data Centers · Demand · Positive Cloudburst Data Centers secures natural gas supply for its AI-focused data center, supporting its operations.
Energy Transfer Reports Strong Q2 2026 Results and Raises Distribution
Energy Transfer LP reported second-quarter 2026 sales of US$34.33 billion and net income of US$2.09 billion, alongside higher earnings per unit. The partnership also increased its quarterly cash distribution to US$0.34 per common unit for the quarter ended June 30, 2026, reflecting management's focus on returning more cash to unitholders as volumes and profitability improved. The raised full-year EBITDA outlook supports the near-term catalyst of new pipeline and export volumes ramping, while execution and permitting risks on large multi-year growth projects remain. The higher distribution ties into the earnings story, as it demonstrates willingness to share higher cash flows while major projects like Hugh Brinson, Desert Southwest, and the Nederland export expansions move forward.
Nat-Gas Prices Edge Higher on Warmer US Weather Forecasts
September Nymex natural gas futures settled slightly higher on Wednesday, closing up 0.006 dollars or 0.22 percent, as forecasts for warmer US weather pointed to increased air-conditioning demand. The Commodity Weather Group said forecasts shifted warmer, with above-average temperatures expected across the Western US through August 14. Gains were limited by expectations for a larger-than-normal weekly storage build, with consensus for Thursday's EIA report to show a 30 billion cubic feet increase, above the five-year average of 23 billion cubic feet. Prices also faced headwinds from Energy Transfer's announcement that the Hugh Brinson pipeline will reach full capacity of 1.5 billion cubic feet per day by September 1, boosting domestic supplies. US dry gas production on Wednesday was 111.4 billion cubic feet per day, up 2.6 percent year-over-year, while lower-48 gas demand was 81.4 billion cubic feet per day, up 8.4 percent year-over-year, according to BNEF.
Energy Transfer Raises Dividend for 19th Straight Quarter to $0.34 Per Share
Energy Transfer has increased its quarterly cash distribution for the 19th consecutive quarter, bringing the payout to $0.34 per share, or $1.36 annually, for a yield of 6.72%. The pipeline operator, structured as a master limited partnership, benefits from long-term fee-based contracts and a growing project backlog, including agreements to supply natural gas to three Oracle data centers and a 20-year deal with Entergy Louisiana. Management aims to raise the distribution by 3% to 5% annually, supported by steady cash flow and rising energy demand tied to AI infrastructure. Investors receive a Schedule K-1 for tax reporting instead of a standard 1099-DIV.
Energy Transfer and Enterprise Products Partners Offer High Yields and Growing Payouts
Energy Transfer and Enterprise Products Partners stand out as midstream energy companies offering both high dividend yields and consistent distribution growth. Energy Transfer yields about 6.7%, more than six times the S&P 500's yield, and has increased its distribution for 18 consecutive quarters while targeting annual growth of 3% to 5%. Enterprise Products Partners yields roughly 6% and has raised its distribution for 28 consecutive years, with first-quarter 2026 adjusted EBITDA up 10% to $2.7 billion and distribution coverage of 1.8 times. Both companies generate largely fee-based cash flow from massive pipeline networks, reducing commodity-price exposure, and are investing in infrastructure to meet growing demand from liquefied natural gas exports and AI-driven data centers.
Boomers Are Buying Five High-Yield Stocks at Big Discounts
Baby Boomers and retirees are piling into five high-yield dividend stocks trading below Wall Street fair value, all with analyst Buy ratings and yields from 4.55% to nearly 7%. AT&T yields 4.55% and added 432,000 net postpaid phone subscribers and 646,000 high-speed internet customers, both above estimates. Energy Transfer pays a 6.71% distribution yield and raised its 2026 EBITDA guidance, benefiting from surging natural gas demand driven by AI-powered data centers. Pfizer yields 6.97% with 16 straight years of dividend growth and is building a new obesity pipeline through experimental GLP-1 treatments and the acquisition of ecnoglutide. Realty Income offers a 5% yield, owns over 15,500 properties with a 98.9% occupancy rate, and has paid 667 consecutive monthly dividends. VICI Properties yields 6.67%, reported 4.5% adjusted funds from operations per share growth, and raised its 2026 guidance.
Three High-Yield Dividend Stocks Offer Strong Cash Flow and Growth Potential
Brookfield Infrastructure, Energy Transfer, and Realty Income are generating substantial excess cash flow that supports both high-yield dividends and growth investments. Brookfield Infrastructure reported $709 million in funds from operations in the first quarter, paying out 65% of that as dividends, and has over $9 billion in expansion projects in its backlog. Energy Transfer produced $2.7 billion in distributable cash flow in the first quarter, distributing nearly $1.2 billion to investors, and plans to invest $5.5 billion to $5.9 billion in organic expansion projects this year. Realty Income generated nearly $1.1 billion in adjusted funds from operations in the first quarter, paid out about 70% as dividends, and expects over $980 million in adjusted free cash flow this year to reinvest in new properties, targeting $9.5 billion in total investment volume. Each company's retained cash flow is funding projects that should drive dividend growth and stock price appreciation, enhancing total returns.
Three High-Yield Dividend Stocks to Consider Before August
The Motley Fool highlights Energy Transfer, Pfizer, and United Parcel Service as three high-yield dividend stocks that are not yield traps. Energy Transfer offers a 6.6% forward yield and could see 3% to 5% annualized distribution growth driven by AI data center demand. Pfizer sports a nearly 7% yield and trades at 8.5 times forward earnings, with stabilizing results suggesting it can maintain its dividend despite a 2028 patent cliff. United Parcel Service has a forward yield of 5.7% and a 16-year track record of annual increases, with an improving macro backdrop and rising freight rates pointing to a further recovery.
Energy Transfer and Occidental Petroleum Offer Contrasting Energy Exposure for the Second Half of 2026
Occidental Petroleum and Energy Transfer present two distinct ways to invest in the energy sector during the second half of 2026. Occidental Petroleum is an upstream producer of oil and natural gas, with most of its operations based in the United States, making its financial results highly sensitive to volatile commodity prices. Energy Transfer is a midstream master limited partnership that owns energy infrastructure assets across North America and generates revenue primarily from fees based on transport volumes rather than commodity prices, targeting annual distribution growth of 3% to 5% and offering a 6.5% yield. The ongoing Middle East conflict has disrupted supply through the Strait of Hormuz, pushing energy prices higher and benefiting producers like Occidental, while Energy Transfer's performance depends more on sustained demand. Investors seeking aggressive growth from rising oil prices may favor Occidental, whereas those prioritizing income and lower commodity risk may prefer Energy Transfer.
OXY · Geopolitics · Positive Middle East conflict disrupts supply through Strait of Hormuz, pushing energy prices higher, benefiting Occidental as an upstream producer.
ET · Demand · Neutral Energy Transfer's performance depends on sustained demand, which is not directly addressed by the article beyond general context.
Energy Transfer, Chevron, and ExxonMobil Are High-Yield Dividend Stocks for a Lifetime of Rising Passive Income
Energy Transfer, Chevron, and ExxonMobil are highlighted as high-yield dividend stocks capable of delivering a lifetime of rising passive income. Energy Transfer, a massive midstream company with a 6.6% yield, operates a 140,000-mile pipeline network that generates 90% of its revenue from fees, insulating it from commodity price swings. Chevron yields over 3.7% and has raised its dividend for 39 consecutive years, with growth prospects boosted by its acquisition of Hess and a 30% stake in the Guyana Stabroek Block. ExxonMobil, the largest U.S. oil major, yields 2.8% and has increased its dividend for 43 straight years, supported by a strong balance sheet and strategic acquisitions like Pioneer Natural Resources.
CVX · Capital · Positive Chevron highlighted as high-yield dividend stock with 3.7% yield, 39-year dividend growth streak, and growth from Hess acquisition and Guyana stake.
ET · Capital · Positive Energy Transfer highlighted as high-yield midstream stock with 6.6% yield and fee-based revenue insulating from commodity swings.
ETP · Capital · Positive Energy Transfer Partners L.P. is the same entity as Energy Transfer LP; positive dividend and business model.
XOM · Capital · Positive ExxonMobil highlighted as high-yield dividend stock with 2.8% yield, 43-year dividend growth, and strong balance sheet from Pioneer acquisition.
Energy Transfer raises 2026 EBITDA guidance and declares preferred distribution
Energy Transfer LP raised its 2026 EBITDA guidance and declared a quarterly cash distribution of US$0.2111 per Series I Preferred Unit, payable on August 14, 2026, to holders of record as of August 4, 2026. The raised guidance supports the income appeal of both common and preferred units, anchored by fee-based cash flows from natural gas, NGLs, and crude volumes. The company is executing a multi-year buildout of natural gas and NGL projects aimed at data center demand and export growth, with investors watching whether contracted volumes and project execution meet expectations. Simply Wall St projects Energy Transfer will reach $116.5 billion revenue and $6.2 billion earnings by 2029, implying 8.1% annual revenue growth and a $2.1 billion earnings increase from $4.1 billion today, yielding a fair value estimate of $23.59 per unit, a 16% upside to the current price.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Pricing
ET · Capital · Positive Energy Transfer raised its 2026 EBITDA guidance and declared a preferred distribution, signaling strong financial performance and income appeal.
Brookfield, Energy Transfer, and Prologis Are Quietly Powering the AI Boom
Three companies beyond the semiconductor sector are capitalizing on the artificial intelligence boom. Brookfield Corporation has launched an inaugural AI infrastructure fund targeting up to $100 billion in assets, with initial investments in fuel cells for data centers and a new full-stack AI services company, as part of a strategy to achieve 25% annual earnings growth over five years. Energy Transfer is building large-scale gas pipelines and laterals to serve gas-fired power plants and data centers, with multiple additional projects expected to be approved. Prologis has started $2.1 billion in new data center projects this year, bringing its total investment to nearly $4 billion, and has a pipeline of 5.8 gigawatts of data center projects, with potential to develop over 10 gigawatts in the next decade.
Artificial Intelligence › Build-out, Construction & Engineering ▲Demand
BAM · Capital · Positive Brookfield Asset Management is the manager of the new AI infrastructure fund, which will generate fee income and AUM growth.
BN · Capital · Positive Brookfield Corp launched an AI infrastructure fund targeting $100B, aiming for 25% annual earnings growth over five years.
ET · Demand · Positive Energy Transfer is building gas pipelines to serve data centers, benefiting from increased demand for natural gas to power AI.
ETP · Demand · Positive Energy Transfer Partners is building gas pipelines to serve data centers, benefiting from increased demand for natural gas to power AI.
PLD · Demand · Positive Prologis started $2.1B in new data center projects and has a large pipeline, capitalizing on AI-driven demand for data centers.
Three Energy Stocks Poised to Benefit from Surging AI Power Demand
A Motley Fool contributor plans to invest his next $1,000 equally across Bloom Energy, Brookfield Renewable, and Energy Transfer, citing unprecedented energy demand growth driven by artificial intelligence, electric vehicles, and advanced manufacturing. Bloom Energy, a fuel-cell developer, recently expanded its AI infrastructure partnership with Brookfield Asset Management to $25 billion and saw first-quarter revenue surge over 130% to more than $750 million, with full-year revenue growth guidance raised to 80%. Brookfield Renewable, a global renewable energy platform yielding over 4.5%, expects to deploy $9 billion to $10 billion over five years to drive more than 10% annual funds-from-operations-per-share growth and 5% to 9% annual dividend increases. Energy Transfer, a master limited partnership yielding nearly 7%, is building several large-scale gas pipelines including the $2.7 billion Hugh Brinson Pipeline and the $5.6 billion Desert Southwest Pipeline expansion to supply gas directly to data centers and power plants, aiming for 3% to 5% annual distribution growth.
Artificial Intelligence › AI Data Center & Build-out ▲Demand
Energy Transition & Power Demand › Behind-the-Meter & On-site Power ▲Demand
Energy Transition & Power Demand › Hydrogen & Fuel Cells ▲Demand
Artificial Intelligence › AI Power & Cooling ▲Demand
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
BE · Demand · Positive Bloom Energy's AI partnership expanded to $25 billion and Q1 revenue surged over 130%, with raised guidance.
ET · Demand · Positive Energy Transfer is building pipelines to supply gas to data centers and power plants, benefiting from AI-driven energy demand.
BAM · Demand · Positive Bloom Energy expanded AI infrastructure partnership with Brookfield Asset Management to $25 billion, driving demand for its fuel cells.
Oracle Data Center Plan Hits New Setback in New Mexico
Oracle faces a fresh setback in New Mexico after state regulators rejected a natural gas pipeline that would help power its planned Project Jupiter data center. The 17-mile pipeline, proposed by Energy Transfer, was designed to move as much as 400 million cubic feet of gas per day to the site, where Project Jupiter could rely on up to 2.5 gigawatts of gas-powered fuel cells from Bloom Energy. New Mexico officials say the project would consume significant water, worsen emissions, and generate too little revenue for the state. The rejection makes an August 15 in-service target highly unlikely and could push construction into next year.
Energy Transition & Power Demand › Behind-the-Meter & On-site Power ▼Regulation
Energy Transition & Power Demand › Natural Gas Value Chain ▼Regulation
Cloud & Digital Infrastructure › Mega-cap Hyperscalers ▼Regulation
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Demand
BE · Demand · Negative Pipeline rejection delays Project Jupiter, which would use Bloom Energy fuel cells, reducing near-term demand for Bloom's products.
ORCL · Supply · Negative Pipeline rejection delays power supply for Oracle's Project Jupiter data center, pushing construction into next year.
ET · Regulation · Negative State regulators rejected Energy Transfer's proposed natural gas pipeline, blocking a key project.
ETP · Regulation · Negative State regulators rejected Energy Transfer Partners' proposed natural gas pipeline, blocking a key project.
NATGAS · Demand · Negative Rejection of a pipeline that would move up to 400 million cubic feet of gas per day reduces near-term natural gas demand.
Leon Cooperman’s Top 3 Stocks: Vertiv, Rocket Companies, and Energy Transfer Analyzed
Billionaire Leon Cooperman’s Omega Advisors holds three stocks that each warrant a different call, according to a recent analysis. Vertiv Holdings, trading at $304.57, has surged 88.08% year-to-date and now trades at 52 times forward earnings, suggesting patience is warranted despite strong AI data center demand. Rocket Companies, at $14.60, saw first-quarter revenue explode 167.1% to $2.94 billion after integrating Mr. Cooper and Redfin, but shares are down 24.59% year-to-date and the bull case still requires falling interest rates. Energy Transfer, at $19.91, looks most compelling with a 6.65% yield, raised full-year adjusted EBITDA guidance to a range of $18.20 billion to $18.60 billion, and locked-in gas supply agreements with Oracle for AI data centers.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Artificial Intelligence › AI Power & Cooling ▲Demand
Artificial Intelligence › AI Data Center & Build-out ▲Demand
ET · Demand · Positive Raised full-year adjusted EBITDA guidance and locked-in gas supply agreements with Oracle for AI data centers, indicating strong demand for its services.
ETP · Demand · Positive Raised full-year adjusted EBITDA guidance and locked-in gas supply agreements with Oracle for AI data centers, indicating strong demand for its services.
RKT · Monetary · Neutral Bull case requires falling interest rates; first-quarter revenue surged 167.1% after integrating Mr. Cooper and Redfin, but shares are down year-to-date.
VRT · Demand · Neutral Strong AI data center demand supports the company, but high valuation (52x forward earnings) suggests patience is warranted.
ORCL · Demand · Positive Mentioned as counterparty in gas supply agreements for AI data centers, implying demand for its cloud services.
Energy Transfer raises 2026 growth capex guidance to as much as $5.9 billion
Energy Transfer has raised its 2026 growth capital expenditure guidance to a range of $5.5 billion to $5.9 billion, up from an initial estimate of $5 billion to $5.5 billion. The spending is backed by long-term, fee-based volume commitments and targets mid-teens returns, with a substantial portion directed toward natural gas pipeline projects to meet demand from AI data centers and gas-to-electricity trends. The company reported first-quarter revenue of $27.7 billion, up 32% year over year, and adjusted EBITDA of $4.94 billion, while distributable cash flow of $2.7 billion easily covers its distribution. Energy Transfer has raised distributions for 18 consecutive quarters and plans annual increases of 3% to 5%, though the heavy capex may keep its valuation multiple compressed until assets enter service around late 2027 to 2028.
AMLP Holdings Raise Distributions, Yield Nears 8% Heading Into 2027
The Alerian MLP ETF, trading near $53 and up 17% year to date, saw its quarterly distribution rise to $1.03, pushing its forward yield to roughly 7.8%. Every major holding raised payouts in the first half of 2026, with Enterprise Products Partners extending its 27-year distribution growth streak with a 3% increase to $0.55 per unit, and MPLX delivering a 13% raise to $1.08 while reaffirming that pace through 2027. Energy Transfer lifted its distribution more than 3% to $0.3375 and raised 2026 EBITDA guidance by $750 million to a range of $18.2 to $18.6 billion, while Western Midstream raised to $0.93 and posted record first-quarter adjusted EBITDA of $683 million. Risks include leverage creep at MPLX, which climbed to 3.7 times after three acquisitions, a 26% one-month drop in WTI crude to about $70, and the fund’s C-corp tax structure, which contributed to its five-year total return of 117% trailing underlying MLPs such as Western Midstream at 216% and MPLX at 198%.
Energy Transfer Could Be 18% Undervalued After Pricing $1.75b Notes
Energy Transfer has priced a combined US$1.75 billion offering of junior subordinated notes due 2057, providing fresh insight into its capital structure and the planned redemption of existing preferred units. Based on the most followed narrative, the company's fair value is estimated at US$23.59 per unit, significantly above the current trading price of US$19.25, implying an 18.4% undervaluation. This valuation hinges on long-term growth in natural gas and liquids, supported by substantial investments in new pipelines and storage projects to meet rising power generation and data center demand. However, investors should also consider risks such as potential delays or cost overruns on multi-year projects and the impact of energy transition policies on long-term fossil fuel demand.
Energy Transition & Power Demand › Natural Gas Value Chain Capital
ET · Capital · Positive Article states Energy Transfer is 18% undervalued based on fair value estimate of $23.59 vs current $19.25, and priced $1.75b notes for capital structure optimization.
Global LNG Demand Could Surge 65% by 2050, Boosting These Energy Stocks
Global liquefied natural gas demand could surge 65% by 2050, adding 700 million tons annually from 2025 levels, according to Shell's LNG Outlook 2026. ExxonMobil, a major oil producer with significant LNG operations, expects to double its LNG portfolio by 2030 and sees demand rising 3% annually through 2050. Cheniere Energy, the largest U.S. LNG producer, generated $1.67 billion in distributable cash flow in the first quarter and raised its 2026 forecast to as much as $5.25 billion. Energy Transfer, a midstream operator with a 7.1% dividend yield, posted $185 million in EBITDA growth in its natural gas liquids and refining business in the first quarter and stands to benefit from data center demand for pipeline-sourced energy.
Global LNG Demand Could Surge 65% by 2050, Shell Outlook Shows
Global liquefied natural gas demand is projected to surge 65% by 2050, adding 700 million tons annually from 2025 levels, according to Shell's LNG Outlook 2026. The global LNG market is also expected to grow at a compound annual rate of 7.1% from this year through 2035. China's LNG imports have risen 258% since 2016, and the number of LNG-importing countries increased to 49 from 36 over that period. ExxonMobil is investing in four large-scale LNG projects and expects to double its LNG portfolio by 2030 from 2020 levels, potentially boosting output by 40 million metric tons annually. Cheniere Energy, the largest domestic LNG producer, generated 1.67 billion dollars in distributable cash flow in the first quarter and raised its 2026 forecast to between 4.75 billion and 5.25 billion dollars. Energy Transfer, a major midstream operator, posted first-quarter natural gas liquids and refining EBITDA growth of 185 million dollars and offers a 7.1% dividend yield.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
SHEL.LSE · Demand · Positive Shell's own LNG Outlook projects 65% demand surge by 2050, directly benefiting Shell as a major LNG player.
LNG · Demand · Positive Cheniere Energy, the largest domestic LNG producer, is directly mentioned with strong cash flow and raised forecast, benefiting from surging LNG demand.
XOM · Demand · Positive ExxonMobil is investing in four large-scale LNG projects and expects to double its LNG portfolio by 2030, benefiting from projected demand growth.
ET · Demand · Positive Energy Transfer, a major midstream operator, benefits from growing LNG demand as it transports natural gas.
ETP · Demand · Positive Energy Transfer Partners, as a midstream operator, benefits from rising LNG demand.
Energy Transfer wins $392M judgment in Texas winter storm dispute
Energy Transfer won a $392 million judgment in a Texas court over a failed challenge from San Antonio’s city-owned utility CPS Energy regarding gas prices during the February 2021 Winter Storm Uri. The judge found that the prices charged by Energy Transfer were consistent with charges to other parties during the weeklong period of sub-freezing temperatures that caused a spike in electricity demand. The award includes $263.6 million that CPS Energy had disputed and refused to pay, $119 million in interest, and $9.3 million in attorney fees. During the storm, Energy Transfer sold electricity at the maximum rate of $9,000 per megawatt-hour as instructed by the state’s grid operator, invoicing $308 million, while CPS Energy argued that $51.9 million was the correct amount and filed a lawsuit seeking a declaration that it did not owe the remaining balance.
ET · Capital · Positive Energy Transfer won a $392 million judgment, including disputed payments and interest, directly increasing its financial position.
ETP · Capital · Positive Energy Transfer Partners L.P. is the same entity as Energy Transfer LP; the judgment directly benefits it.
CPS Energy · Capital · Negative CPS Energy lost the lawsuit and must pay $392 million, a significant financial loss.
Midstream pipeline companies are offering high yields backed by multi-year volume tailwinds from U.S. LNG exports and data center power demand. Enterprise Products Partners yields 6% with 27 consecutive years of distribution growth and a $5.0 billion buyback authorization. Energy Transfer yields 7% and has signed Oracle data center supply agreements ramping to approximately 900 million cubic feet per day, while raising its 2026 adjusted EBITDA guidance by $750 million to a range of $18.2 billion to $18.6 billion. Kinder Morgan yields 4% as a C-corp with simpler tax treatment, and CEO Kim Dang notes that approximately 70% of future power demand from data centers under development is in states served by the company's assets. All three stocks have posted double-digit year-to-date gains, with U.S. LNG export capacity projected to reach 27.7 billion cubic feet per day by 2030 from 14.9 billion cubic feet per day in 2025.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
EPD · Demand · Positive Benefiting from multi-year volume tailwinds from U.S. LNG exports and data center power demand, with 27 consecutive years of distribution growth and a $5.0B buyback authorization.
ET · Demand · Positive Signed Oracle data center supply agreements ramping to ~900 million cubic feet per day and raised 2026 adjusted EBITDA guidance by $750 million.
KMI · Demand · Positive CEO notes ~70% of future data center power demand is in states served by its assets, benefiting from LNG export and data center tailwinds.
Energy Transfer Seen as Better Energy Stock Than Occidental Petroleum for Second Half of 2026
Energy Transfer is viewed as a more attractive energy investment than Occidental Petroleum for the second half of 2026, according to an analysis. Energy Transfer, a major midstream company operating over 140,000 miles of pipeline, is better insulated from volatile oil prices and benefits from rising natural gas demand tied to AI data centers, while offering a forward yield of 6.9%. Occidental Petroleum, primarily an upstream producer, is more sensitive to crude oil prices and carries a lower forward yield of 2.3%, though it can sustain its capex and dividends with WTI crude above $40-$45 per barrel. Energy Transfer trades at seven times this year's adjusted EBITDA, compared to four times for Occidental, but its stability and AI exposure make it the preferred pick amid uncertain oil prices.
Five Energy Stocks Riding Texas's Data Center Power Boom
Texas has become the epicenter of America's AI data center boom, with ERCOT projecting electricity demand could approach 368 gigawatts by 2032, driven almost entirely by AI and data center load. Vistra Corp., the largest competitive generator in the state, has signed 20-year power purchase agreements with Meta for more than 2,600 megawatts of nuclear output and a separate 20-year, 1,200-megawatt nuclear supply deal tied to its Comanche Peak plant. NRG Energy closed a $12 billion acquisition of LS Power's generation portfolio, doubling its capacity to about 25 gigawatts, and has signed a 295-megawatt supply deal to power two Texas data centers with an option to expand to 1 gigawatt. Energy Transfer LP began flowing natural gas to Oracle's data center campus near Abilene in January, the first of agreements to supply up to 900 million cubic feet a day across three Oracle sites, and says it has inked agreements for more than 6 billion cubic feet a day in new demand-pool volumes over the past year. CenterPoint Energy now has 12.2 gigawatts of firmly committed new industrial load in its Houston territory, up 63% from one quarter earlier, and expects to energize 8 gigawatts of data center load by 2029. Fermi Inc., a nine-month-old pre-revenue company co-founded by former Texas Governor Rick Perry, is planning an 11-gigawatt grid-independent power and data center campus called HyperGrid outside Amarillo, with supply deals including Energy Transfer for gas to its first phase of generation.
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Energy Transition & Power Demand › Behind-the-Meter & On-site Power Competition
ET · Demand · Positive Energy Transfer has signed agreements for over 6 billion cubic feet per day in new demand-pool volumes and is supplying gas to Oracle data centers.
VST · Demand · Positive Vistra signed 20-year PPAs with Meta for over 2,600 MW nuclear output and a separate 1,200 MW nuclear supply deal.
CNP · Demand · Positive CenterPoint Energy has 12.2 GW of committed new industrial load, up 63% from prior quarter, driven by data center demand.
NRG · Demand · Positive NRG Energy closed a $12B acquisition doubling capacity and signed a 295 MW supply deal for data centers with expansion option.
FRMI · · Neutral Fermi Inc. is a pre-revenue company planning a large data center campus; no concrete revenue or contracts yet.
Energy Transfer Could Outperform S&P 500 in Second-Half 2026
Energy Transfer has rallied 17% year-to-date, beating the S&P 500's 9% gain, and is positioned to continue outperforming in the second half of 2026. The midstream giant operates over 140,000 miles of pipeline and is insulated from commodity price swings because it charges toll-like fees, yet record crude oil and NGL volumes in the first quarter of 2026 and new long-term gas-supply deals with utilities and data centers are revaluing it as an AI infrastructure play. Management raised its 2026 adjusted EBITDA growth forecast to 14%-16% from a prior 9%-12%, accelerating from 3% growth in 2025. With an enterprise value of $135.3 billion, the stock trades at just seven times this year's adjusted EBITDA and offers a 6.9% forward yield, while its 2025 adjusted distributable cash flow of $8.2 billion easily covered $4.6 billion in distributions, leaving room for future hikes. Investors should note that Energy Transfer is a master limited partnership requiring a K-1 tax form.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
ET · Demand · Positive Record crude oil and NGL volumes and new long-term gas-supply deals with utilities and data centers boost demand for Energy Transfer's services.
ETP · Demand · Positive Record crude oil and NGL volumes and new long-term gas-supply deals with utilities and data centers boost demand for Energy Transfer's services.
Energy Transfer, Sunoco, SunocoCorp, and USA Compression Partners Announce Redomiciliation to Texas
Energy Transfer LP, Sunoco LP, SunocoCorp LLC, and USA Compression Partners LP jointly announced that each will change its state of formation from Delaware to Texas. The redomiciliations will be effective in both states as of 12:01 a.m. Central Time on July 6, 2026, but for market purposes under NYSE guidelines they will be considered effective on July 13, 2026. The CUSIPs and NYSE ticker symbols for the registered securities of all four entities will remain unchanged, and the economic and governance rights of unitholders will be preserved in the organizational documents of each converting entity.
Brookfield Infrastructure Is the First Energy Stock I Plan to Buy in July
Brookfield Infrastructure has surpassed Energy Transfer as the author's top energy stock to buy in July, driven by a more compelling valuation and faster, broader AI-fueled growth. While Energy Transfer units have risen over 15% this year, pushing its distribution yield down to 7%, Brookfield Infrastructure shares have fallen more than 15%, lifting its dividend yield to 4.7% and creating a better entry point. Brookfield has increased its dividend for 17 consecutive years at a 9% compound annual rate and expects 5% to 9% annual dividend growth going forward, outpacing Energy Transfer's projected 3% to 4% distribution growth. The company's funds from operations per share grew 10% in the first quarter, and it anticipates more than 10% annual FFO per share growth, supported by over $9 billion in growth capital projects and recent acquisitions including a U.S. refined products pipeline system and a South Korean industrial gas business. Brookfield's diversified AI-related investments span powered data centers, natural gas pipelines, utility projects, and semiconductor supply chain infrastructure, offering multiple catalysts compared to Energy Transfer's focus on gas pipelines.
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Capital
Energy Transition & Power Demand › Natural Gas Value Chain ▲Capital
ET · Competition · Negative Brookfield Infrastructure is favored over Energy Transfer due to better valuation and faster AI-fueled growth, implying Energy Transfer is less attractive.
ETP · Competition · Negative Same as Energy Transfer LP; the article compares Brookfield favorably to Energy Transfer, suggesting a negative relative outlook.
Energy Transfer expands Nederland terminal with new ethane and LPG capacity
Energy Transfer announced a major expansion of its Nederland NGL Export Terminal, targeting completion by 2029. The project adds 240,000 barrels per day of ethane export capacity and 55,000 barrels per day of LPG capacity, along with new ship docks and expanded storage. The expansion is backed by long-term customer commitments extending into the 2040s and is expected to push NGL export capacity to industry-leading levels.
ET · Demand · Positive Long-term customer commitments for new ethane and LPG capacity indicate strong end-customer demand for Energy Transfer's services.
ETP · Demand · Positive Long-term customer commitments for new ethane and LPG capacity indicate strong end-customer demand for Energy Transfer's services.
Energy Transfer Stock Still Looks Undervalued After 166% Run
Energy Transfer has returned about 166% over the past five years, yet the stock still screens as undervalued on broad valuation checks. The partnership trades at a price-to-earnings ratio of about 16.0 times, below the peer average of roughly 18.6 times and well under Simply Wall St's tailored fair ratio estimate of around 26.2 times. On five of six valuation measures, the stock appears priced below what its fundamentals might justify. Expansion projects tied to natural gas and NGL export capacity support expectations for sustained cash flows, though heavy capital spending could limit flexibility if conditions sour. The key question for investors is whether the apparent discount reflects excessive caution or a fair price for the execution, spending, and regulatory risks that come with large midstream projects.
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