ET Reports Record Marcus Hook Exports, NE Gathering Volumes Up

Energy Transfer (ET), the Dallas-based pipeline behemoth that owns the Mariner East pipeline system, the Marcus Hook NGL terminal near Philadelphia, and a 32.6% stake in the Rover Pipeline, issued its second quarter 2026 update on Tuesday — and it was a monster. Adjusted EBITDA hit $5.07 billion, up 31% from 2Q25's $3.87 billion. Distributable cash flow attributable to partners came in at $2.59 billion, up 32%. Net income attributable to partners more than doubled, hitting $2.09 billion versus $1.16 billion a year ago. ET raised its full-year 2026 EBITDA guidance to $18.8–$19.1 billion, up half a billion dollars at the midpoint from what the company told investors just three months ago. ET is a sprawling company with assets in 44 states, so let's do what we always do — strip out the Permian noise and get to what matters for the Marcellus/Utica.

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