Energy Transfer Transports Record Crude, NGL Volumes in Q1

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.