Energy Transfer Transports Record Crude, NGL Volumes in Q1


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Pipeline operator Energy Transfer reported Tuesday 
(5/5) it carried a record amount of crude oil, refined product and natural gas 
liquids (NGL) in the first quarter of 2026, resulting in a 20% rise in adjusted 
earnings before interest, taxes, depreciation and amortization (EBITDA).

Crude transportation volume reached a record 7.3 million bpd in the first 
quarter of 2026, an 8% increase over the 6.7 million bpd reported in the first 
quarter of 2025. NGL transportation volume rose to 2.4 million bpd from 2.2 
million bpd a year ago while refined product volume rose to 587,000 bpd from a 
prior 574,000 bpd.Adjusted EBITDA for the first quarter of 2026 was $4.94 
billion, compared with $4.10 billion in the year-ago period.The 20% 
year-on-year earnings growth was driven by record throughput in NGL and refined 
products segments and higher fee-based margins from increased export activity. 
Operational gains were supported by the debottlenecking of the Gateway NGL 
Pipeline and higher volumes delivered from the Delaware Basin.Energy Transfer 
is continuing construction on a 3 million bbl ethane storage cavern to expand 
its midstream capacity and meet growing petrochemical demand.The partnership 
raised its full-year 2026 adjusted EBITDA guidance to a range of $18.2 billion 
to $18.6 billion following the record volume deliveries in the first quarter.


(c) Copyright 2026 DTN, LLC. All rights reserved.