commodities

Energy Transfer Raises 2026 Guidance; DKL Hits 54 Straight Dividend Raises

Published August 17, 20262 min read

A complex network of large metal pipes with valves running over a body of water towards an industrial facility with storage tanks and smokestacks under a hazy sky. — Pipes and storage tanks at a large-scale energy infrastructure site, representing the commodities sector. Illustration: MarketIntelLabs

Energy Transfer (ET) gave investors two reasons to pay attention this week: a 31% jump in Q2 2026 adjusted EBITDA to $5.07 billion and a freshly raised full-year guidance range of $18.8 to $19.1 billion. The guidance bump from the prior $18.2 to $18.6 billion range came August 4, driven by volume records in NGL transportation (up 13%) and NGL exports (up 25%). ET's quarterly distribution moved to $0.3400 per unit, up from $0.3375 in Q1.

Related reading: oil price outlook , Russian energy sanctions , energy export architecture . See also our energy coverage on our crude oil topic hub .

Key Takeaways Energy Transfer raised full-year 2026 EBITDA guidance to $18.8-$19.1 billion after Q2 EBITDA hit…

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