Energy Transfer expects to spend up to $5.5 B in 2026 on natgas network
Pipeline company Energy Transfer said on Tuesday it expects to invest $5 B–$5.5 B in capital in 2026, primarily on its natural gas network projects.
This follows the company's announcement last month to prioritize natural gas pipeline projects for their superior risk and return profiles, and move away from liquefied natural gas due to concerns of global oversupply.
The company had said it is suspending the development of its Lake Charles LNG export facility in Louisiana (U.S.) (learn more), while increasing the transportation capacity of its Transwestern pipeline's planned expansion project in the Desert Southwest region to meet increased customer demand.
Energy Transfer on Tuesday said it expects several natural gas pipeline projects to ramp up or come online in 2026, including the Nederland Flexport NGL, Mustang Draw I and Mustang Draw II processing plants in the Permian Basin as well as natural gas pipeline projects serving data center facilities in Texas.
The pipeline company added it expects adjusted earnings before interest, taxes, depreciation and amortization to range between $17.3 B and $17.7 B in 2026, higher than analysts' expectations of $17.1 B, according to data compiled by LSEG.
It expects to report capital expenditures of about $5 B and adjusted EBITDA between $16.1 B and $16.5 B for 2025.
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