Energy Transfer to buy Vaquero Midstream for $2.63 billion; shares slip
06/10/2026 15:40
BUZZ-Energy Transfer to buy Vaquero Midstream for $2.63 billion; shares slip ** Shares of pipeline operator Energy Transfer ET.N fall nearly 2% to $20.36
** Co to acquire midstream services provider Vaquero Midstream in a transaction valued at about $2.63 bln
** Co to fund the deal with $1.95 bln in cash and about 33.3 mln newly issued common units
** Acquisition expected to close in Q4'26
** 19 of 23 brokerages rate the stock "buy" or above, 4 "hold"; median PT - $24 - data compiled by LSEG
** Including session's moves, stock has risen 23.53% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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