Prediction: One Surprise Winner Emerges as Strategic Reserves Are Released

By Matt DiLallo – Mar 13, 2026 at 3:38AM ESTKey PointsThe U.S. will release 172 million barrels from the SPR to help offset the supply disruptions caused by the Iran war. Energy Transfer benefited from the 2022 SPR release. It should get a boost from the planned SPR release and replenishment. Oil prices have surged in the wake of the war with Iran. The conflict has caused a major supply disruption as crude-carrying ships can't safely pass through the Strait of Hormuz. As a result, the International Energy Agency has coordinated the release of 400 million barrels of oil and refined products from member nation reserves to help fill the gap, including 172 million barrels from the U.S.

Strategic Petroleum Reserve (SPR). I predict that Energy Transfer (ET 1.01%) will emerge as a surprising winner of the SPR release. Here's why. Image source: Getty Images. A trip down memory lane The U.S. has released oil from the SPR several times since its establishment in 1975 to address supply disruptions caused by natural disasters and wars. The last one occurred in 2022. The U.S. released 180 million barrels from the SPR over six months following Russia's invasion of Ukraine to offset the oil price surge related to the war. Energy Transfer was a big beneficiary of the 2022 SPR release. The pipeline company operates extensive oil infrastructure along the U.S. Gulf coast, where the U.S. stores oil in four major storage facilities. Energy Transfer noted in 2022 that its Nederland terminal and related facilities served as crucial resources with access to the SPR. As a result, higher SPR volumes at the time fueled record transportation and terminal volumes at its Nederland and Houston terminals in the second and third quarters of 2022. ExpandNYSE: ETEnergy TransferToday's Change(-1.01%) $-0.19Current Price$18.56Key Data PointsMarket Cap$64BDay's Range$18.55 - $18.9652wk Range$14.60 - $19.30Volume2Avg Vol15MGross Margin12.27%Dividend Yield7.14% A plan to release and refill the SPR The U.S. plans to release 172 million barrels from the SPR, which it expects will take 120 days based on the planned discharge rate. These volumes will likely flow through Energy Transfer's vast oil network, including its Nederland and Houston terminals. As a result, it should see higher earnings over the next couple of quarters as the U.S. releases these volumes. Additionally, the U.S. plans to rapidly refill the SPR following this release. It has already arranged to replenish its strategic reserves with about 200 million barrels of oil over the next year, or 20% more than it expects to draw down. Energy Transfer is also a likely beneficiary of the rapid replenishment of the SPR, given the critical role its infrastructure plays in supporting this stockpile. An SPR-fueled boost Energy Transfer should see strong volume growth in its crude oil segment this year, fueled by higher oil prices and the SPR release and replenishment. That should drive faster earnings growth for the master limited partnership, which sends investors a Schedule K-1 Federal tax form. That uptick in its growth rate could drive up Energy Transfer's unit price, enabling investors to potentially earn high-octane total returns this year. Read NextMar 13, 2026 •By Thomas Niel3 High-Yield Pipeline Stocks to Buy Now and Hold ForeverMar 12, 2026 •By Leo SunStock Market Crash: The Best Dividend Stocks to Buy Right NowMar 9, 2026 •By Geoffrey SeilerWant Decades of Passive Income? 3 Stocks to Buy Right Now.Mar 7, 2026 •By Matt DiLalloIs Energy Transfer Stock Going to $30?Mar 4, 2026 •By Leo Sun2 Energy Stocks That Can Stand the Test of TimeMar 1, 2026 •By Matt DiLalloHere's the First Energy Stock I Plan to Buy in MarchAbout the AuthorMatt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.TMFmd19X@MatthewDiLalloStocks MentionedEnergy TransferNYSE: ET$18.56(-1.01%)-$0.19*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.