Energy Transfer agreed to buy Vaquero as JPMorgan raised target for Energy Transfer stock

Published on 10/08/2026 at 15:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Energy Transfer agreed to buy Vaquero for USD 2.63 billion on October 6, 2026. Energy Transfer stock is valued at USD 71.3 billion as of October 5, 2026.

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Energy Transfer agreed to acquire Vaquero Midstream for USD 2.625 billion on October 6, 2026, while JPMorgan had raised its target for Energy Transfer stock from USD 24.00 to USD 25.00 on September 4, 2026, according to MarketBeat. The deal expands Energy Transfer's gas infrastructure in the Delaware Basin and gives investors a fresh test of its acquisition-led growth strategy.

Three dated moves shape the story

On August 4, 2026, Energy Transfer reported second-quarter revenue of USD 34.33 billion, up 78.40 percent year over year, according to MarketBeat. On September 10, 2026, the partnership announced that its common units would move from the New York Stock Exchange to the Texas Stock Exchange, with trading under ET beginning October 5, 2026, according to Energy Transfer. The October 6 Vaquero agreement is the latest of the three events.

What does the deal add?

According to Business Wire on October 6, 2026, the consideration includes USD 1.95 billion in cash and 33.3 million newly issued common units. Vaquero adds a 300-mile pipeline network, three processing trains with combined capacity of 675 million cubic feet per day, and contracts with an average remaining life of 10 years.

The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approval and customary conditions. Energy Transfer said the assets are already connected to its downstream natural gas and natural gas liquids infrastructure and should be immediately accretive to distributable cash flow per common unit, according to Reuters.

When is the next report?

Energy Transfer plans to release third-quarter 2026 results before the market opens on November 3, 2026, with a conference call at 9:00 a.m. ET, according to Energy Transfer. That report will show whether the latest acquisition and the broader 2026 investment program are translating into higher cash generation.

Market value and trading venue

Energy Transfer had a market capitalization of USD 71.3 billion on October 5, 2026, while its 52-week range was USD 16.18 to USD 21.84. Its common units trade on the Texas Stock Exchange under ticker ET, and the partnership's next dated corporate event is the November 3 results release.