Energy Transfer Equity LP rose to a 52-week high of $21.78 on Sept. 10, extending a 39% year-to-date gain and a 34% surge over the past twelve months.
The midstream natural-gas company reported second-quarter 2026 adjusted earnings per share of $0.59, beating the $0.37 consensus estimate. Adjusted EBITDA climbed 30.8% to approximately $5.1 billion from $3.9 billion a year earlier, driven largely by results from its marketing segment.
Energy Transfer has maintained its dividend for 21 consecutive years, yielding 6.3% at current prices. The payout remains intact despite a scheduling change for the Green Chile natural-gas pipeline project in New Mexico, which was originally expected to begin service on Aug. 15 and now won't commence until Feb. 1, 2027. The pipeline was intended to supply an Oracle Corp. data center.
TD Cowen raised its price target on the stock to $25 from $24, maintaining a Buy rating.
In its research note, ProPicks AI highlighted Energy Transfer's prior successful investments in AI infrastructure names, pointing to gains of 185% in Super Micro Computer and 157% in AppLovin.
