Energy Transfer Q2 2026: Revenue +78%, EBITDA +26% on $1.2B Sunoco acquisitions; debt +$7.7B

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

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  Sunoco LP completed three major acquisitions totaling ~$1.2B (TanQuid €504M, Delta $81M, J-W Power $912M by USAC), adding European terminals, Caribbean distribution, and 0.8M active compression horsepower; announced pending $600M U.S. fuel distribution deal for Q4 2026.

  MD&A: Recent Developments verify on EDGAR →
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  Consolidated revenue rose 78.4% YoY to $34.3B; six-month Adjusted EBITDA increased $2.0B (+26%) to $10.0B, driven by Investment in Sunoco LP segment EBITDA up $928M (+102%) and Crude oil transportation up $229M.

  MD&A: Adjusted EBITDA verify on EDGAR →
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  Total debt increased $7.7B (+13%) to $68.4B, reflecting acquisition funding and refinancing; Energy Transfer issued $1.75B junior subordinated notes (6.55%/6.70%, due 2057) to redeem Series H Preferred and repay credit facility; Sunoco LP issued $1.2B senior notes (5.375%/5.625%) and redeemed higher-coupon debt.

  MD&A: Debt & Notes: Debt Issuances verify on EDGAR →