Energy Transfer LP is significantly bolstering its infrastructure and market position through a series of key new agreements, reinforcing its status as a robust investment opportunity for 2026. This positive outlook is largely driven by Goldman Sachs' recent upward revision of its price target for Energy Transfer, moving it to $19.00 from $18.50. This adjustment primarily reflects the company's strategic acquisition of USAC/J-W Power, slated for completion in the first quarter of 2026. Furthermore, minor modifications in the projections for re-contracting within the natural gas liquids (NGLs) and crude oil divisions have contributed to a modest increase in long-term financial estimates, signaling a strong trajectory for the company's future performance.
While the long-term prospects appear bright, Goldman Sachs did slightly reduce its EBITDA forecast for the fourth quarter of 2025 to $4.16 billion, a 1% decrease from its initial estimate. This minor recalibration is attributed to fluctuations in commodity prices and temporary slowdowns in NGL exports caused by weather events, placing the revised figure just 2% below the broader market consensus. However, for the entire year of 2025, the firm anticipates an EBITDA of $15.96 billion, closely aligning with the company's own guidance. Looking ahead to 2026, the projection for EBITDA stands at an impressive $17.58 billion, or an adjusted $17.37 billion when excluding specific acquisition-related items, further solidifying the company's financial health and growth potential.
Energy Transfer LP, a leading midstream energy firm, continues to expand its vast network of natural gas, crude oil, and NGL pipelines across the United States. The company's diverse assets, including interstate and intrastate pipelines, storage facilities, and processing plants, are set to benefit from strategic moves like the PKI acquisition by Susser Holdings Corporation and optimized Waha spread capture. These developments, coupled with an underlying growth in gas volumes, are expected to contribute positively, though potential offsets from lower Midstream margins in the fourth quarter are being closely monitored. The company's ongoing expansion and strategic financial management underscore its commitment to sustained growth and market leadership in the energy sector.
Energy Transfer's proactive approach to growth and its solid financial forecasts demonstrate the dynamic nature of the energy sector. Companies that strategically acquire and optimize their assets not only secure their market position but also contribute to the stability and reliability of essential energy infrastructure. This forward-thinking strategy ensures robust performance and provides a valuable pathway for economic development and energy security.