August 4, 2026 01:53 PM GMT Energy Transfer LP | North America 2Q 2026 Earnings Recap AlphaSignals Earnings Reaction Unchanged Meaningful upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Adjusted EBITDA: $5.066bn (cons: $4.576bn / MS: $4.556bn), +11% above consensus. Robust 2Q26. Adjusted EBITDA came in +11% above consensus and was up +31% y/ y, driven by favorable results acr ...