Q1: 2026-05-05 Earnings Summary
EPS of $0.35 misses by $0.03
| Revenue of $27.77B (32.12% Y/Y) beats by $473.12M
Energy Transfer LP Common Units (ET) Q1 2026 Earnings Call May 5, 2026 9:00 AM EDT
Company Participants
Thomas Long – CO-CEO & Director of LE GP, LLC
Marshall McCrea – Co-CEO & Director of LE GP, LLC
Dylan Bramhall – Executive VP & Group Chief Financial Officer of LE GP, LLC
Adam Arthur – Executive Vice President of Liquids Business
Conference Call Participants
Michael Blum – Wells Fargo Securities, LLC, Research Division
Gabriel Moreen – Mizuho Securities USA LLC, Research Division
Theresa Chen – Barclays Bank PLC, Research Division
Jeremy Tonet – JPMorgan Chase & Co, Research Division
Jean Ann Salisbury – BofA Securities, Research Division
Keith Stanley – Wolfe Research, LLC
Jacqueline Koletas – Goldman Sachs Group, Inc., Research Division
Robert Mosca – Jefferies LLC, Research Division
Manav Gupta – UBS Investment Bank, Research Division
Presentation
Operator
Good morning, and welcome to the Energy Transfer First Quarter 2026 Earnings Call. [Operator Instructions]
Please note this event is being recorded. I would now like to turn the conference call over to Mr. Tom Long, Co-Chief Executive Officer. Thank you, and over to you.
Thomas Long
CO-CEO & Director of LE GP, LLC
Thank you, operator. And good morning, everyone, and welcome to the Energy Transfer First Quarter 2026 Earnings Call. I’m also joined today by Mackie McCrea, Dylan Bramhall, and other members of the senior management team who are here to help answer your questions after our prepared remarks.
Hopefully, you saw the press release we issued earlier this morning. As a reminder, our earnings release contains an update to guidance and a thorough MD&A that goes through the segment results in detail, and we encourage everyone to take a look at the press release as well as the slides posted to our website to gain a full understanding of the quarter and our growth opportunities.
As a
