Update: Energy Transfer to Buy Vaquero Midstream for $2.63 Billion

MT newswire2026/10/06 12:09

08:09 AM EDT, 10/06/2026 (MT Newswires) -- (Updates with additional information in fourth and fifth paragraphs.) Energy Transfer (ET) said Tuesday it has entered into a definitive agreement to acquire Vaquero Midstream in a bolt-on deal valued at about $2.63 billion. The deal consideration will consist of $1.95 billion in cash and about 33.3 million newly issued common units of Energy Transfer, the company said. The transaction is expected to close in Q4, Energy Transfer said. The company operates a 300-mile pipeline network in Delaware Basin, as well as the Caymus Processing Complex, which includes natural gas processing plants with total capacity of 675 million cubic feet per day. Its customer contracts have an average remaining term of approximately 10 years, Energy Transfer said. Energy Transfer expects the Vaquero assets to be immediately accretive to distributable cash flow per common unit.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Crypto Inflows Climb to $50B as ETF Momentum Builds in Q4

CoinCryptoNewz•2026/10/10 13:54

The UK’s first-time homebuyer support plan proposes a £90,000 income threshold.

智通财经•2026/10/10 13:46

Trump pressures Mexico to increase purchases of U.S. natural gas, energy cooperation becomes a new focus in trade negotiations

智通财经•2026/10/10 07:36

German central bank official warns: Risk of European debt crisis is rising sharply

智通财经•2026/10/10 07:36