Energy Transfer (ET) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Energy· May 5, 2026

Source: earnings call transcript

Energy Transfer opens FY26 with record throughput across its NGL, crude and gathering franchises and a materially higher full-year outlook, framing the Iran/Middle East disruption as a durable structural pull of global hydrocarbon demand toward US supply. Management leans on recurring optimization upside and a fast-filling slate of gas-to-power, data-center and ethane-export projects, while candidly flagging that a slice of the quarter's beat is non-recurring and that the raise rests on a deliberately conservative price deck.

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ET operating KPIs by quarter

ET operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2025 Q4 FY25	Jun 2026 Q2 FY26	Change vs prior quarter
Storage capacity	230 Bcf+ In addition to our extensive pipeline systems, we have over 230 Bcf of storage to support the market demands of our customers. Source: earnings call transcript	237 Bcf We have 237 Bcf of storage in 6 states in the United States. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.