Energy Transfer stock rises over 2% as record earnings and raised 2026 guidance boost momentum

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Energy transfer rises 2.10% today

Highlights

Energy Transfer will report third-quarter 2026 earnings with management lifting full-year EBITDA guidance to $18.80 to $19.10 billion.
Second-quarter adjusted EBITDA increased 31% to $5.07 billion, with higher NGL premiums and wider basis spreads contributing to results.
Shares of Energy Transfer trade above key moving averages near $20.88, with an expected range of $20.41 to $21.34 and mixed momentum signals indicating potential continued sideways action.

Elevated guidance and investor focus underpin upbeat earnings sentiment

Energy Transfer is set to release its third-quarter 2026 earnings before the market opens on November 3. The partnership recently posted a record second quarter, with adjusted EBITDA up 31% to $5.07 billion, and management lifting 2026 guidance to $18.80–$19.10 billion. Results were driven in part by higher NGL premiums and wider basis spreads. Distributions to investors remain a key factor watched by income-focused shareholders.

Anton Kharitonov, expert at Traders Union, notes the strong price recovery after Energy Transfer’s record quarter, but sees technical divergences and overbought signals tempering upside enthusiasm. He is cautious about momentum, highlighting that both MACD and ADX produce sell signals even as recent news lifts sentiment. Weakness below $20.41 could trigger sharper declines. Investors should remain skeptical of further gains while volatility persists. "With mixed technicals and lofty valuations, I see limited near-term upside unless support at $20.27 holds convincingly."

Viktoras Karapetjanc, expert at Traders Union, highlights Energy Transfer’s robust fundamentals after a record second quarter and a confident hike in 2026 EBITDA guidance. He notes strong investor demand, supported by rising distributions and favorable market spreads, as reinforcing the bullish structure. Resilient performance keeps further growth on the table, especially above the $21.34 level. He sees ongoing strength in income-focused flows and constructive macro conditions. "With upside momentum from both results and earnings outlook, I expect the market to reward patient investors as bullish structure remains intact."

Parshwa Turakhiya, analyst, sees short-term opportunities as Energy Transfer consolidates above support at $20.79. He notes that sentiment is split with buyers leading intraday yet momentum indicators flashing caution. Range-bound trading looks likely, but volatility supplies setups for nimble traders. Price action near resistance at $21.34 will be key for the next move. "If momentum flips from mixed to strong, a breakout setup above $21.34 could quickly materialize for short-term bulls."

Bullish long-term setup as short-term momentum signals diverge

Energy Transfer is trading above its 20-day, 50-day, and 200-day moving averages at $20.88, with significant support shown near $20.27 from the Ichimoku Kijun and a bullish alignment between the 50-day and 200-day averages. This setup confirms bullish momentum for the short, medium, and long term, with the next resistance at $21.34 and support at $20.79. Momentum signals are mixed: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) suggest sell signals, but both the Relative Strength Index (RSI) and Commodity Channel Index (CCI) are supportive of buying, with the Stochastic RSI indicating overbought conditions. Bull/Bear Power (BBP) is positive at 0.35, showing buyers dominate intraday momentum, but the Stochastic RSI warns of an overbought setup. The stock is up $0.43 or 2.1% with a nearly flat open, trading near the high of its session, and intraday volatility stands at 0.34%. This reflects intraday strength toward the highs, although momentum indicators diverge and suggest caution.

Earlier, analysts noted that Energy Transfer was exhibiting mixed momentum and a tendency toward sideways trading ahead of its upcoming earnings release. The current article reinforces this view with updated signals, highlighting that the prevailing scenario remains rangebound, and traders should closely monitor potential breakouts above $21.34 or breakdowns below $20.41 for directional cues.

Source of Data: ET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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