Energy Transfer LP completed an underwritten public offering on July 20, 2026, consisting of $650,000,000 in Series 2026A Junior Subordinated Notes due 2057 and $1,100,000,000 in Series 2026B Junior Subordinated Notes due 2057. The total offering amount equals $1.75 billion. The notes were issued under an indenture with U.S. Bank Trust Company, National Association, as trustee. Energy Transfer LP is an energy company that operates midstream assets.

Energy Transfer LP entered into an underwriting agreement on July 6, 2026, to issue $650,000,000 in Series 2026A junior subordinated notes due 2057 at 6.550% interest and $1,100,000,000 in Series 2026B junior subordinated notes due 2057 at 6.700% interest. The offering is expected to close on July 20, 2026, with net proceeds of approximately $1,732,500,000 to be used to redeem Series H Preferred Units, refinance existing debt, and for general partnership purposes. Energy Transfer LP is an energy infrastructure company that manages midstream oil and gas assets.