Scotiabank lifts Energy Transfer stock forecast to USD 1.66

Published on 10/27/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 34.33 billion, up 78.40 percent year over year. Energy Transfer stock has a USD 24.60 consensus target.

Forecast and reporting dates

Scotiabank lifted its fiscal-year 2026 earnings-per-share forecast to USD 1.66 on October 22, 2026.
Second-quarter revenue reached USD 34.33 billion, up 78.40 percent year over year.
Energy Transfer plans to report third-quarter 2026 results on November 3, 2026.

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer (ISIN US29273V1008) saw Scotiabank lift its fiscal-year 2026 earnings-per-share forecast to USD 1.66 from USD 1.65 on October 22, 2026. The updated estimate remains below the USD 1.73 consensus, according to MarketBeat.

What does the forecast change?

The revision is modest, but it places the full-year estimate between the prior forecast and the broader consensus. Scotiabank also projected fiscal-year 2027 earnings per share of USD 1.74, giving investors a second benchmark for the pipeline partnership's earnings outlook.

Energy Transfer's second-quarter results provide the operating backdrop. Revenue reached USD 34.33 billion for the quarter ended June 30, 2026, up 78.40 percent from USD 19.24 billion a year earlier, while net income reached USD 2.09 billion versus USD 1.16 billion. The quarter's USD 0.59 earnings per share exceeded the USD 0.38 consensus, according to MarketBeat.

Three dates define the recent story

The chronology is clear: on August 4, 2026, Energy Transfer reported second-quarter revenue of USD 34.33 billion and earnings per share of USD 0.59. On October 6, 2026, the partnership announced the planned acquisition of Vaquero Midstream in a transaction valued at USD 2.63 billion, with the deal described as immediately accretive to distributable cash flow per common unit by TradingView. On October 22, 2026, Scotiabank raised its fiscal-year 2026 estimate to USD 1.66 per unit from USD 1.65.

When are the next key dates?

Energy Transfer's investor-relations calendar lists November 3, 2026, for the third-quarter earnings webcast, according to Energy Transfer. MarketBeat lists November 6, 2026, as the record date for the USD 0.3425 quarterly distribution and November 19, 2026, as the payment date, with the distribution representing a 20th consecutive quarterly increase.

Income and infrastructure remain linked

For investors, the key connection is between higher projected earnings and the partnership's expansion program. The Vaquero transaction adds gathering and processing capacity, while the second-quarter revenue increase shows the scale already moving through the wider infrastructure network. Energy Transfer is listed on NYSE American under ticker ET and operates in the oil and gas midstream industry.