Energy Transfer to buy Vaquero Midstream for $2.63 billion; shares slip
ET•Energy Transfer will acquire Vaquero Midstream in a transaction valued at about $2.63 billion, funded with $1.95 billion in cash and about 33.3 million newly issued common units. The deal is expected to close in the fourth quarter of 2026, and Energy Transfer shares fell nearly 2%.
1. Deal terms
Energy Transfer agreed to acquire midstream services provider Vaquero Midstream in a transaction valued at about $2.63 billion. The company will fund the deal with $1.95 billion in cash and about 33.3 million newly issued common units, with closing expected in the fourth quarter of 2026.
2. Shares and ratings
Energy Transfer shares fell nearly 2% to $20.36. Nineteen of 23 brokerages rate the stock buy or above, while four rate it hold; the median price target is $24. The stock has risen 23.53% year to date, including the session's moves.
