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Energy Transfer Lifts Dividend as Pipeline Assets Drive Cash Flow Growth

Energy Transfer increased its quarterly cash distribution to approximately 34 cents per common unit. The midstream operator capitalized on strong performance across its 140,000-mile pipeline network and raised full-year EBITDA guidance after achieving optimization targets ahead of schedule in the first quarter. Analysts project the company will realize $200 million in additional EBITDA from new projects this year, with Haynesville volume growth of 800 million cubic feet per day contributing $100 million. Energy Transfer plans to sanction multiple projects during 2026 that could generate an additional $400 million in EBITDA. Higher commodity volumes, rates and spreads are driving the improved outlook. The company expects to capture full-year benefits from optimization at current pricing levels, positioning its dividend-paying units for sustained income generation.