Energy Transfer reported strong Q2 2026 financial and operational results on August 4, driven by increasing demand for natural gas infrastructure, continued growth in natural gas liquids (NGLs) exports and the ongoing strength of the Partnership’s diversified asset base.

“Our unmatched connectivity allows us to move energy from every major supply basin to major trading hubs, power plants, data centers, city gates, industrial complexes and other downstream markets throughout the U.S., as well as to international markets through our export terminals.” – Tom Long, co-CEO, Energy

Executives also announced that the Hugh Brinson Pipeline has entered commercial service, with full Phase I capacity of 1.5 billion cubic feet per day expected by September 1, 2026. Phase II, which includes additional downstream compression, is expected to enter service during the first quarter of 2027.

“The first half of this year shows the extreme benefit and value that our assets have in every condition – our ability to move gas through our intra- and inter-state pipelines, west to east, and east to west – from all major hubs.” – Mackie McCrea, co-CEO, Energy Transfer

Energy Transfer delivered new operational records in the quarter, including:

• NGL export volumes: up 25% year over year
• NGL transportation volumes: up 13% year over year
• Crude oil transportation volumes: up 4% year over year
• Midstream gathered volumes: up 4% year over year

Additional highlights from the Q2 earnings call include:

• Desert Southwest: Continued advancing the Desert Southwest expansion project.  FERC recently completed scoping meetings in communities along the route.
• Springerville Lateral: Announced the Springerville Lateral on the Transwestern Pipeline to support conversion of two coal-fired plants to natural gas.
• Power Plant & Data Center Contracts: Two customers expanded existing natural gas service agreements by a combined 100 MMcf/d for power generation and data center operations in Texas.
• Nederland Expansion: Announced a fully subscribed expansion of the Nederland export terminal. The project will increase ethane export capacity at the terminal by 240,000 barrels per day (bpd) along with 55,000 bpd of additional LPG capacity. As part of the expansion, Energy Transfer will also expand its Mont Belvieu to Nederland NGL export pipeline capacity to service the increased refrigeration capacity and will construct two additional NGL ship docks.
• Lone Star Express: Completed upgrades to the Lone Star Express pipeline, which provides more than 90,000 Bbls/d of incremental Permian NGL takeaway capacity on the pipeline system.
• New Customer Agreements: Signed long-term transportation and/or fractionation agreements for approximately 300,000 Bbls/d on its y-grade assets that extend into the 2030s.
• Mustang Draw: Placed the 275 MMcf/d Mustang Draw I processing plant into service in the Midland Basin.
• Power Generation: Placed the third and fourth of eight planned 10-megawatt natural-gas fired electric generation facilities into service in West Texas to support the Partnership’s operations.

The quarter underscored growing demand for Energy Transfer’s integrated infrastructure network and demonstrated the Partnership’s ability to execute growth projects while delivering record operational performance.

A webcast replay of the earnings call is available here, and the Q2 earnings press release is available here.

Forward-Looking Statements

This post may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including factors that may impact Energy Transfer’s operations, capital projects and future growth, are discussed in its Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. Energy Transfer undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.