Energy Transfer: 20% EBITDA Growth With Pipeline Backlog For The AI Buildout

Energy Transfer delivered a robust Q1 2026, with 20% YoY Adjusted EBITDA growth and a revenue beat, yet remains undervalued. ET increased its 2026 EBITDA guidance by $750 million at the midpoint, reflecting strong demand and a diversified, irreplicable asset footprint. Distribution yield stands at 6.98%, supported by 18 consecutive quarterly increases and a growing backlog of fully contracted, fee-based projects.