Energy Transfer (ET) Price Target Raised Despite Mixed Q1

Energy Transfer LP (NYSE:ET) is 1 of the largest and astir diversified midstream vigor companies successful North America, with a strategical footprint successful each of the large US accumulation basins.

On May 13, BofA bumped up its terms people connected Energy Transfer LP (NYSE:ET) from $22 to $24, portion maintaining a ‘Buy’ standing connected the shares. The steadfast cited improving NGL and state upside for the people boost, which represents an upside of implicit 19% from the existent terms levels.

The determination comes contempt Energy Transfer LP (NYSE:ET) reporting mixed results for its Q1 2026 connected May 5. The company’s adjusted nett of $0.35 per stock fell down estimates by $0.02, but its gross grew by implicit 32% YoY to $27.8 cardinal and exceeded expectations by $470 million. Moreover, the midstream operator’s adjusted EBITDA for the 4th came successful astatine $4.94 billion, compared to $4.10 cardinal successful the aforesaid play past year.

Energy Transfer LP (NYSE:ET) besides raised its guidance for FY 2026. The institution present expects its adjusted EBITDA for the twelvemonth to scope betwixt astir $18.2 cardinal and $18.6 billion, up from its erstwhile scope of $17.45 cardinal and $17.85 billion. Moreover, it expects to put $5.5 cardinal to $5.9 cardinal successful maturation superior for the existent year.

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