Energy Transfer agrees to buy Vaquero. Energy Transfer stock gets USD 25 target

Published on 10/12/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal includes USD 1.95 billion in cash and 33.3 million new units. Energy Transfer stock has a USD 25.00 target.

Key points in brief

Energy Transfer agreed to acquire Vaquero Midstream in a USD 2.625 billion transaction announced on October 6, 2026.
The deal includes USD 1.95 billion in cash and 33.3 million newly issued common units.
Vaquero adds a 300-mile pipeline network and 675 MMcf/d of processing capacity in the Delaware Basin.
JPMorgan raised its Energy Transfer target from USD 24.00 to USD 25.00 on September 4, 2026.
Energy Transfer reported USD 34.33 billion in second-quarter 2026 revenue, up 78.40 percent year over year.

ET, US29273V1008, Illustration mit AI erstellt.

Energy Transfer (ISIN US29273V1008) agreed to acquire Vaquero Midstream in a transaction valued at USD 2.625 billion on October 6, 2026, while Energy Transfer stock received a USD 25.00 JPMorgan target after the bank raised it from USD 24.00 on September 4, 2026. Energy Transfer announced the transaction, and MarketBeat reported the JPMorgan action.

Three dates define the story

On August 4, 2026, Energy Transfer reported second-quarter revenue of USD 34.33 billion and diluted earnings per share of USD 0.59, compared with a USD 0.38 consensus estimate, according to MarketBeat. On October 1, 2026, Energy Transfer set November 3, 2026, for its third-quarter release and scheduled a 9:00 a.m. ET conference call. On October 6, 2026, the partnership announced the Vaquero acquisition with USD 1.95 billion in cash and 33.3 million newly issued common units.

What does the deal add?

Vaquero contributes a 300-mile pipeline network, three processing trains and total processing capacity of 675 MMcf/d in the southern Delaware Basin. Its system is supported by 100,000 dedicated acres and contracts with an average remaining life of 10 years, according to Oil and Gas Journal.

The transaction expands Energy Transfer's existing natural gas and natural gas liquids network in the Permian Basin. The company said the assets are expected to be immediately accretive to distributable cash flow per common unit, while regulatory approval and customary closing conditions remain part of the fourth-quarter 2026 timetable.

When does Energy Transfer report?

The next scheduled reporting date is November 3, 2026, before the market opens, followed by the earnings call at 9:00 a.m. ET. Zacks lists a consensus diluted earnings per share estimate of USD 0.40 for the third quarter of 2026, according to Zacks.

Revenue growth sets the baseline

Energy Transfer's second-quarter 2026 revenue of USD 34.33 billion was 78.40 percent higher than in the year-earlier quarter. The USD 0.59 diluted earnings per share result also exceeded the USD 0.38 consensus estimate by USD 0.21, giving the acquisition story a stronger operating backdrop than a deal announcement alone.