Mizuho raises target for Energy Transfer stock to USD 26.00

Published on 10/22/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho keeps Outperform on Energy Transfer stock on October 13, 2026. Vaquero adds 675 MMcf/d across three plants in a USD 2.625 billion deal.

Expansion and earnings calendar

Mizuho raised its Energy Transfer target on October 13, 2026.
Vaquero brings 675 MMcf/d of processing capacity.
Energy Transfer will report third-quarter results on November 3, 2026.

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Mizuho raised its target for Energy Transfer stock from USD 25.00 to USD 26.00 on October 13, 2026, while keeping an Outperform rating, according to Investing.com. Energy Transfer had also scheduled its third-quarter results for November 3, 2026, before the market opens, the company said on October 1, 2026.

Why the Vaquero deal matters

Energy Transfer agreed on October 6, 2026, to acquire Vaquero Midstream in a USD 2.625 billion transaction. The consideration includes USD 1.95 billion in cash and 33.3 million newly issued common units, according to Business Wire.

The assets include three processing plants with total capacity of 675 MMcf/d and a 300-mile pipeline network in the Delaware Basin. Vaquero also has acreage that could support capacity of up to 1.2 Bcf/d, while closing remains subject to regulatory approval and customary conditions.

What does the target change signal?

Mizuho's October 13, 2026, action linked the higher USD 26.00 target to earnings revisions and the strategic value of the Vaquero acquisition. The same report noted that commodity-related earnings could moderate from strong second-quarter 2026 levels as conditions normalize, creating a counterweight to the expansion case.

Three dates frame the story

On October 1, 2026, Energy Transfer announced its November 3 reporting date. On October 6, 2026, it agreed to the USD 2.625 billion Vaquero transaction. On October 13, 2026, Mizuho lifted its target from USD 25.00 to USD 26.00.

When are the next results?

Energy Transfer is scheduled to release third-quarter 2026 results before the market opens on November 3, 2026, followed by a conference call at 9:00 a.m. ET, according to the company's Energy Transfer release.

Infrastructure remains the investor lens

The Vaquero agreement adds fee-based gathering and processing assets to Energy Transfer's existing natural gas and NGL network. The November 3 report will provide the next company-specific test of integration progress, project execution and cash-generation trends.