Energy Transfer LP (ET)

US — Energy Sector
Peers: KMI  MPLX  EPD  TRP  EOG  OKE  E  EQNR  SLB  LNG 

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Key Metrics & Ratings

  • symbol ET
  • Rev/Share 22.6373
  • Book/Share 13.4959
  • PB 1.9987
  • Debt/Equity 2.0836
  • CurrentRatio 1.2192
  • ROIC 0.0717

 

  • MktCap 64616340592.0
  • FreeCF/Share 1.0537
  • PFCF 16.8009
  • PE 14.0161
  • Debt/Assets 0.5052
  • DivYield 0.0704
  • ROE 0.1409

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated ET TD Cowen -- Buy $20 $21 Feb. 18, 2026
Downgrade ET Morgan Stanley Overweight Equal Weight -- $19 Dec. 18, 2025
Initiation ET Jefferies -- Hold -- $17 Oct. 29, 2025
Initiation ET Scotiabank -- Sector Outperform -- $23 Sept. 2, 2025
Initiation ET TD Cowen -- Buy -- $22 July 7, 2025
Resumed ET BofA Securities -- Buy -- $20 Oct. 17, 2024

News

ET Underperforms Its Industry in Three Months: How to Play the Stock?
ET
Published: February 24, 2026 by: Zacks Investment Research
Sentiment: Neutral

Units of Energy Transfer LP ET have rallied 14.1% in the past three months compared with the Zacks Oil and Gas - Production Pipeline - MLB industry's growth of 16% and the Zacks Oil-Energy sector's rally of 19.2%. The oil and gas midstream firm owns a wide network of pipelines across the United States and is pursuing opportunities to serve increasing power loads from new demand centers across its network.

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image for news ET Underperforms Its Industry in Three Months: How to Play the Stock?
Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It
ET
Published: February 24, 2026 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer LP (ET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It
Is It Time to Buy Energy Transfer as Growth Projects Ramp Up?
ET
Published: February 20, 2026 by: The Motley Fool
Sentiment: Positive

Energy Transfer saw solid Q4 growth and upped its 2026 guidance. The stock is one of the cheapest in the MLP midstream space.

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image for news Is It Time to Buy Energy Transfer as Growth Projects Ramp Up?
Energy Transfer: Strong Q4 Results, Growth Potential, And A Reasonable Valuation
ET
Published: February 19, 2026 by: Seeking Alpha
Sentiment: Positive

Energy Transfer LP delivered solid Q4 2025 results, with strong revenue and cash flow growth despite a GAAP earnings miss and market volatility. ET's adjusted EBITDA rose 7.7% year-over-year, and distributable cash flow increased 4.6%, supporting a robust 7.20% yield with a 1.77x coverage ratio. Growth prospects remain compelling, driven by rising natural gas demand from LNG exports and AI-powered data centers, with new supply agreements and expansion projects in progress.

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image for news Energy Transfer: Strong Q4 Results, Growth Potential, And A Reasonable Valuation
Energy Transfer Suffers Electrification/NGL Export Tailwinds - Robust Income/Upside Potential
ET
Published: February 19, 2026 by: Seeking Alpha
Sentiment: Positive

Energy Transfer benefits from surging demand for natural gas and growing NGL exports, with the strong pipeline backlog and the long-term contracts supporting durable and highly profitable revenue streams. 2026/2027 may bring forth outsized numbers, thanks to the future monetization of their expanding pipeline/processing/storage/generation capacities. ET boasts a healthy balance sheet, thanks to the disciplined growth investments and the management's focus on higher-margin projects.

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image for news Energy Transfer Suffers Electrification/NGL Export Tailwinds - Robust Income/Upside Potential
Energy Transfer Earnings Reaction: It's Now Fairly Valued (Rating Downgrade)
ET
Published: February 19, 2026 by: Seeking Alpha
Sentiment: Neutral

Energy Transfer is now fairly valued after a strong price run, with updated intrinsic value at $18.49 and a bull case of $21.33. Q4 2025 earnings showed record volumes across all segments, raised 2026 EBITDA guidance, and added new natural gas projects to the backlog. Distribution growth is robust, with a recent increase to $0.335/unit, and management targeting 3–5% long-term growth, supporting valuation confidence.

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image for news Energy Transfer Earnings Reaction: It's Now Fairly Valued (Rating Downgrade)
Value or Growth: 2 Ways to Invest in the Energy Transition
CEG, ET
Published: February 18, 2026 by: MarketBeat
Sentiment: Neutral

Energy stocks have been a crapshoot for investors over the past five years, partly because of a disconnect between where consumer dollars are going and where investor capital has been flowing.

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image for news Value or Growth: 2 Ways to Invest in the Energy Transition
Energy Transfer: Another Year Of Comparatively Poor Returns To Investors
ET
Published: February 18, 2026 by: Seeking Alpha
Sentiment: Negative

Energy Transfer: Another Year Of Comparatively Poor Returns To Investors

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image for news Energy Transfer: Another Year Of Comparatively Poor Returns To Investors
Energy Transfer LP Common Units (ET) Q4 2025 Earnings Call Transcript
ET
Published: February 17, 2026 by: Seeking Alpha
Sentiment: Neutral

Energy Transfer LP Common Units (ET) Q4 2025 Earnings Call Transcript

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image for news Energy Transfer LP Common Units (ET) Q4 2025 Earnings Call Transcript
The Deal No One Saw Coming: Why Energy Transfer Stock Will Leave Every Other MLP in the Dust
ET
Published: February 17, 2026 by: 24/7 Wall Street
Sentiment: Neutral

Energy Transfer (NYSE: ET) delivered a mixed fourth quarter 2025 performance, posting $25.32 billion in revenue while net income declined to $928 million, down from $1.08 billion year-over-year.

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image for news The Deal No One Saw Coming: Why Energy Transfer Stock Will Leave Every Other MLP in the Dust
Compared to Estimates, Energy Transfer LP (ET) Q4 Earnings: A Look at Key Metrics
ET
Published: February 17, 2026 by: Zacks Investment Research
Sentiment: Positive

The headline numbers for Energy Transfer LP (ET) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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image for news Compared to Estimates, Energy Transfer LP (ET) Q4 Earnings: A Look at Key Metrics
Energy Transfer to Post Q4 Earnings: What's in Store for This Season?
ET
Published: February 13, 2026 by: Zacks Investment Research
Sentiment: Neutral

ET heads into Q4 earnings with revenues expected to surge 33%, but falling earnings keep investors cautious.

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image for news Energy Transfer to Post Q4 Earnings: What's in Store for This Season?
Investors Heavily Search Energy Transfer LP (ET): Here is What You Need to Know
ET
Published: February 13, 2026 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer LP (ET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Investors Heavily Search Energy Transfer LP (ET): Here is What You Need to Know
Should You Buy Energy Transfer Stock Before Feb. 17?
ET
Published: February 13, 2026 by: The Motley Fool
Sentiment: Positive

There should be few surprises when Energy Transfer reports its Q4 results. The stock is attractively valued with strong growth opportunities ahead.

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image for news Should You Buy Energy Transfer Stock Before Feb. 17?
Energy Transfer LP (ET) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ET
Published: February 12, 2026 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Energy Transfer LP (ET), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2025.

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image for news Energy Transfer LP (ET) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Red-Hot Jobs Report Will Delay Fed Rate Cuts—Lock In These 5 Ultra-High-Yield Dividend Giants
ARCC, DOC, ET, PAA, STWD
Published: February 11, 2026 by: 24/7 Wall Street
Sentiment: Positive

The red-hot January non-farm payrolls report blew away Wall Street, and almost at once, the prediction for 2.5 rate cuts this year was slashed to 2.

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image for news Red-Hot Jobs Report Will Delay Fed Rate Cuts—Lock In These 5 Ultra-High-Yield Dividend Giants
Energy Transfer Is Undervalued Heading Into Q4, With A Growing Distribution
ET
Published: February 11, 2026 by: Seeking Alpha
Sentiment: Positive

Energy Transfer (ET) remains deeply undervalued, with a forward yield of 7.42% and a bullish setup ahead of Q4 earnings. ET's diversified infrastructure assets and long-term data center contracts position it for durable, fee-based cash flow growth. Valuation multiples—EV/EBITDA, market cap/DCF, and FCF—are at the low end of peers despite strong profitability and manageable leverage.

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image for news Energy Transfer Is Undervalued Heading Into Q4, With A Growing Distribution
This Overlooked Dividend Sector Is Beating Inflation Better Than Bonds
EPD, ET, MPLX, WES
Published: February 10, 2026 by: 24/7 Wall Street
Sentiment: Positive

For most people, bonds are viewed as the safe income play, but right now, with inflation hovering around 2.7% in December 2025 and the average bond rate hovering somewhere in the mid 3% range according to the U.S.

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image for news This Overlooked Dividend Sector Is Beating Inflation Better Than Bonds
The Only Investing Strategy I'd Trust With My Entire Financial Future
AMLP, ARCC, B, BAM, BEP, BEPC, BIP, BIPC, BIZD, BN, BX, BXSL, CNQ, CPT, CVX, ENB, EPD, ET, FPI, GLD, MAA, MAIN, MLPA, MPLX, NEM
Published: February 03, 2026 by: Seeking Alpha
Sentiment: Positive

The market feels expensive, risky, and unforgiving. Dividend stocks have consistently underperformed recently. There's a third path most investors miss.

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image for news The Only Investing Strategy I'd Trust With My Entire Financial Future
3 Oil Pipeline MLP Stocks Shining Despite Industry Headwinds
EPD, ET, PAA
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Negative

Conservative capital spending by upstream players is adding uncertainty to the Zacks Oil and Gas - Pipeline MLP industry's outlook. EPD, ET and PAA are surviving the industry challenges.

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image for news 3 Oil Pipeline MLP Stocks Shining Despite Industry Headwinds
3 High-Yield Dividend Stocks to Power Your Income Stream in 2026
ENB, EPD, ET
Published: February 03, 2026 by: The Motley Fool
Sentiment: Positive

The energy sector is known for its volatility. There's one segment of the energy industry that's actually boring and filled with high-yield opportunities.

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image for news 3 High-Yield Dividend Stocks to Power Your Income Stream in 2026
Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock
ET
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Energy Transfer LP (ET) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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image for news Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock
Wall Street Bulls Look Optimistic About Energy Transfer LP (ET): Should You Buy?
ET
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Neutral

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

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image for news Wall Street Bulls Look Optimistic About Energy Transfer LP (ET): Should You Buy?
Boomers and Gen-X Are Grabbing 5 Passive Income High-Yield Giants Before 2026 Rate Cuts
APLE, DOC, ET, MO, VZ
Published: January 29, 2026 by: 24/7 Wall Street
Sentiment: Positive

Dividend stocks are a favorite among investors, especially Boomers and older Gen X investors, for good reason.

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image for news Boomers and Gen-X Are Grabbing 5 Passive Income High-Yield Giants Before 2026 Rate Cuts
Can ET Stock Build a Strong Income Story on Distribution Growth?
ET
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer's consistent cash distribution hikes, rising earnings estimates and discounted valuation make it a compelling income pick.

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image for news Can ET Stock Build a Strong Income Story on Distribution Growth?
PAA vs. ET: Which Midstream Stock Deserves a Spot in Your Portfolio?
ET, PAA
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

PAA and ET, with their vast pipeline network, provide valuable support to the oil and gas industry.

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image for news PAA vs. ET: Which Midstream Stock Deserves a Spot in Your Portfolio?
2 Highest Yielding Quality MLPs To Include In Retirement Portfolios
AMLP, BIZD, DKL, ENB, EPD, ET, HESM, KMI, MPLX, PAA, PDI, PFFA, QQQI, SPH, TRP, USAC, WES
Published: January 26, 2026 by: Seeking Alpha
Sentiment: Positive

Midstream MLPs offer high single-digit yields with strong defensive characteristics, making them attractive for retirement income portfolios. The yield-to-risk ratio in MLPs is compelling, even compared to my other favorite yield plays such as BDCs, covered call, and leveraged CEFs. In the article I elaborate on two highest-yielding MLPs, which are de-risked enough to meet the durable income criteria.

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image for news 2 Highest Yielding Quality MLPs To Include In Retirement Portfolios
$200,000 YOLO Bet Sparks Retail Frenzy Around ET's 7.45% Dividend
ET
Published: January 23, 2026 by: 24/7 Wall Street
Sentiment: Neutral

Shares of Energy Transfer (NYSE:ET) rose 4.4% this week, coinciding with a sharp shift in retail investor sentiment on Reddit.

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image for news $200,000 YOLO Bet Sparks Retail Frenzy Around ET's 7.45% Dividend
Want AI Exposure But Fear The Bubble? Focus On Income
AMLP, ENB, ET, FEPI, QQQ, QQQI
Published: January 22, 2026 by: Seeking Alpha
Sentiment: Neutral

Recent volatility in AI-focused equities like Nvidia, CrowdStrike, and Palantir signals heightened geopolitical risks and investor de-risking. Capital is rotating from mega-cap AI stocks into small-caps, value, high-quality dividends, REITs, BDCs, and energy sectors. I see AI's long-term secular trend as compelling, but current valuations in major indices make direct exposure uncomfortable.

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image for news Want AI Exposure But Fear The Bubble? Focus On Income
Energy Transfer: Hefty Yield Now, Capital Gains Later
ET
Published: January 20, 2026 by: Seeking Alpha
Sentiment: Positive

Energy Transfer has outperformed the S&P 500 in 2026, delivering a 5.2% YTD rally and a 4.5% total return since late October 2025. ET's fundamentals support its nearly 7.7% forward yield, driven by undervaluation, cost efficiency, and structural natural gas tailwinds. ET trades at a notable discount, partly due to a weak earnings surprise record and several double misses against consensus in recent years.

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image for news Energy Transfer: Hefty Yield Now, Capital Gains Later

About Energy Transfer LP (ET)

  • IPO Date 2006-02-03
  • Website https://energytransfer.com
  • Industry Oil & Gas Midstream
  • CEO Marshall S. McCrea
  • Employees 16248

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.