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 21.9156
  • Book/Share 30.7354
  • PB 1.3315
  • Debt/Equity 1.4092
  • CurrentRatio 1.4055
  • ROIC 0.0769

 

  • MktCap 56957408366.0
  • FreeCF/Share 1.4459
  • PFCF 10.8243
  • PE 13.3634
  • Debt/Assets 0.4941
  • DivYield 0.0793
  • ROE 0.112

 

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

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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 vs. OKE: Which Stock Should Value Investors Buy Now?
ET, OKE
Published: May 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors interested in Oil and Gas - Production Pipeline - MLB stocks are likely familiar with Energy Transfer LP (ET) and Oneok Inc. (OKE). But which of these two stocks presents investors with the better value opportunity right now?

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image for news ET vs. OKE: Which Stock Should Value Investors Buy Now?
Wall Street Analysts Predict a 28.13% Upside in Energy Transfer LP (ET): Here's What You Should Know
ET
Published: May 19, 2025 by: Zacks Investment Research
Sentiment: Positive

The average of price targets set by Wall Street analysts indicates a potential upside of 28.1% in Energy Transfer LP (ET). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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image for news Wall Street Analysts Predict a 28.13% Upside in Energy Transfer LP (ET): Here's What You Should Know
Is Energy Transfer LP (ET) a Buy as Wall Street Analysts Look Optimistic?
ET
Published: May 19, 2025 by: Zacks Investment Research
Sentiment: Positive

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

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image for news Is Energy Transfer LP (ET) a Buy as Wall Street Analysts Look Optimistic?
2 Fat Dividends For Financial Independence
ET, SLRC
Published: May 19, 2025 by: Seeking Alpha
Sentiment: Positive

Are you an investor who focuses on sporadic home runs or sustainably recurring returns? True financial independence comes from steady, repeatable returns, not one-time windfalls. Build your income portfolio with me; we discuss our top picks with yields up to 10%.

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image for news 2 Fat Dividends For Financial Independence
Could Buying Energy Transfer Stock Today Set You Up for Life?
ET
Published: May 17, 2025 by: The Motley Fool
Sentiment: Positive

Energy Transfer (ET -0.03%) will likely be of most interest to income-focused investors given its attractive 7.3% distribution yield. The distribution has been increased every quarter for nearly four years.

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image for news Could Buying Energy Transfer Stock Today Set You Up for Life?
Energy Transfer: May 2025 Update
ET
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer's balance sheet is sound, debt leverage is well-managed, and the cash distribution is well-covered, supporting a stable investment-grade rating. Growth projects in data centers and NGL exports are likely to provide multi-year DCF upside. The Hugh Brinson Pipeline project affords the company another major Permian Basin gateway. My current fair value estimate implies ~25% upside from current prices; In addition, units offer a 7.2% cash distribution yield.

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image for news Energy Transfer: May 2025 Update
The Dark Side Of Infrastructure Stock Investing
AQN, B, BAM, BEP, BEPC, BIP, BIPC, BLK, BN, BX, ET, HE, MSFT, PAX, UTF, XIFR
Published: May 15, 2025 by: Seeking Alpha
Sentiment: Negative

Infrastructure stocks are my favorite place to invest. However, there is a dark side to investing in infrastructure stocks. I share what this dark side is and how to position your infrastructure portfolio for long-term outperformance.

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image for news The Dark Side Of Infrastructure Stock Investing
Energy Transfer LP (ET) is Attracting Investor Attention: Here is What You Should Know
ET
Published: May 13, 2025 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 Energy Transfer LP (ET) is Attracting Investor Attention: Here is What You Should Know
China Trade Progress: Market Booms On News, Who Will Benefit?
ADM, AMLP, AMZN, CICOF, CICOY, COST, CVX, EPD, ET, HPGLY, MLPX, NUE, NVDA, SMH, SOXX, STLD, VHT, WMT, XOM, ZIM
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

The U.S. and China agreed to reduce tariffs on each other's goods for 90 days, boosting global equity markets and easing trade tensions. U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut tariffs on U.S. goods from 125% to 10%. The tariff reductions are expected to lower input costs, alleviate supply chain pressures, and enhance cross-border commerce in key industries.

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image for news China Trade Progress: Market Booms On News, Who Will Benefit?
Energy Transfer: The Buying Opportunity That Investors Shouldn't Miss
ET
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer LP's resilience amid trade war and market uncertainties underscores its solid fundamentals and high distribution yield, making it a compelling buy opportunity. Management's confident guidance, diverse revenue streams, and strategic growth options, including LNG exports and data center projects, bolster ET's bullish outlook. ET's fee-based contractual nature ensures long-term cash flow visibility, with CapEx needs expected to decrease markedly by 2026, enhancing distributable cash flow.

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image for news Energy Transfer: The Buying Opportunity That Investors Shouldn't Miss
High Yield, Low Drama: Two 7-10% Yielding Cash Cows On Sale
BXSL, ET
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

Focusing on downside protection is crucial; unrealized gains can evaporate, making diversified income stocks with meaningful yields essential for retail investors. Blackstone Secured Lending offers a 10.4% yield with a portfolio of first-lien, sponsor-backed loans, a strong balance sheet, and reliable dividend coverage. Energy Transfer provides a 7.6% yield with fee-based midstream operations, strategic infrastructure assets, and well-covered, growing distributions, insulated from commodity price swings.

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image for news High Yield, Low Drama: Two 7-10% Yielding Cash Cows On Sale
Energy Transfer: Set To Grow With Long-Term Sectoral Tailwinds
ET
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer is undervalued relative to peers, offering a discounted valuation and a 7%+ distribution yield. The company is positioned for long-term growth, driven by secular trends such as rising U.S. energy demand, growth in U.S. pipeline and storage needs, and sustained natural gas momentum. Expansion opportunities lie ahead, with ET well-positioned to take full advantage. Current short-term headwinds may provide an attractive entry point as long-term tailwinds remain firmly in place.

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image for news Energy Transfer: Set To Grow With Long-Term Sectoral Tailwinds
This 7.8%-Yielding Stock Is Poised for Accelerating Growth
ET
Published: May 09, 2025 by: The Motley Fool
Sentiment: Neutral

Like most stocks, Energy Transfer LP (ET 3.08%) has been quite volatile so far in 2025. However, nervous investors received great news from the midstream energy company on Tuesday.

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image for news This 7.8%-Yielding Stock Is Poised for Accelerating Growth
Is Energy Transfer Undervalued or a Value Trap?
ET
Published: May 08, 2025 by: MarketBeat
Sentiment: Neutral

Energy Transfer LP NYSE: ET delivered an as-expected earnings report on May 6. The midstream energy company delivered earnings per share of 36 cents on revenue of $21.02 billion.

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image for news Is Energy Transfer Undervalued or a Value Trap?
Energy Transfer: Clear Path To Double Digits Return - Tariffs Pose Minimal Headwinds
ET
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Negative

Energy Transfer's much-needed pullback has already triggered the richer distribution yields and the double-digit upside potential over the next few years. Despite the volatile oil/gas spot prices, investors need not fret, attributed to the fee-based pricing model and the high percentage of take or pay contracts. These reasons are also why ET has been able to reiterate their FY2025 adj EBITDA guidance, while consistently reporting a healthier balance sheet.

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image for news Energy Transfer: Clear Path To Double Digits Return - Tariffs Pose Minimal Headwinds
Energy Transfer: Buy This Gift From Mr. Market Now
ET
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Positive

Markets can be wildly irrational, and I believe that has created an immensely attractive buying opportunity with Energy Transfer. The midstream giant posted a new partnership record and solid adjusted EBITDA growth in the first quarter. Energy Transfer remains a financially vibrant business.

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image for news Energy Transfer: Buy This Gift From Mr. Market Now
Energy Transfer: Weighing Preferred's 7.4% Yield Versus Bonds
ET
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer LP 9.250% FXD PFD I offers a high yield of 7.4%. The security is non-callable, providing stability. We examine the yield relative to comparative fixed income securities.

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image for news Energy Transfer: Weighing Preferred's 7.4% Yield Versus Bonds
Energy Transfer Q1 Earnings Beat Estimates, Revenues Down Y/Y
ET
Published: May 07, 2025 by: Zacks Investment Research
Sentiment: Neutral

ET's first-quarter earnings increase, while revenues decline year over year. Total costs and expenses decrease during the period.

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image for news Energy Transfer Q1 Earnings Beat Estimates, Revenues Down Y/Y
Energy Transfer LP Common Units (ET) Q1 2025 Earnings Call Transcript
ET
Published: May 06, 2025 by: Seeking Alpha
Sentiment: Neutral

Energy Transfer LP Common Units (NYSE:ET ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Tom Long - Co-CEO Mackie McCrea - Co-CEO Dylan Bramhall - Group CFO Conference Call Participants Theresa Chen - Barclays Jeremy Tonet - JPMorgan Jean Ann Salisbury - Bank of America Spiro Dounis - Citi Keith Stanley - Wolfe Research Michael Blum - Wells Fargo Manav Gupta - UBS John Mackay - Goldman Sachs Gabe Moreen - Mizuho Operator Good day, everyone, and welcome to the Energy Transfer Q1 2025 Earnings Conference Call. All participants will be in listen-only mode.

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image for news Energy Transfer LP Common Units (ET) Q1 2025 Earnings Call Transcript
Sunoco LP Reports First Quarter 2025 Financial and Operating Results
ET, SUN
Published: May 06, 2025 by: PRNewsWire
Sentiment: Neutral

Reports solid first quarter results including net income of $207 million, Adjusted EBITDA(1) of $458 million and Distributable Cash Flow, as adjusted(1), of $310 million Announces a series of definitive agreements to: Acquire Parkland Corporation in a cash and equity transaction valued at $9.1 billion Acquire TanQuid, a leading terminal operator in Germany and Poland Increases quarterly distribution by 1.25%; on track to meet distribution growth target of at least 5% for 2025 DALLAS , May 6, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended March 31, …

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image for news Sunoco LP Reports First Quarter 2025 Financial and Operating Results
Energy Transfer Set to Post Q1 Earnings: Buy, Sell or Hold the Stock?
ET
Published: May 05, 2025 by: Zacks Investment Research
Sentiment: Positive

ET's first-quarter earnings are likely to have benefited from rising demand and expansion of transportation and processing capacity in their service region.

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image for news Energy Transfer Set to Post Q1 Earnings: Buy, Sell or Hold the Stock?
Energy Transfer: Optimism Before The Earnings Release
ET
Published: May 05, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer LP's stock is massively undervalued with a 43% upside potential and a compelling close to 8% forward distribution yield. Q1 earnings are expected to show a 10.8% YoY EPS growth, supported by solid margin expansion and favorable external conditions in the midstream industry. Despite recent underperformance, the favorable environment and robust fundamentals justify expanding my ET position ahead of the Q1 earnings release.

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image for news Energy Transfer: Optimism Before The Earnings Release
Oil Crash in April Worst Since 2021: 4 High-Yield Passive Income MLPs Are On Sale
EPD, ET, HESM, MPLX
Published: May 02, 2025 by: 24/7 Wall Street
Sentiment: Negative

The April meltdown in the oil patch was likely a scenario many top analysts and most of Wall Street did not see coming.

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image for news Oil Crash in April Worst Since 2021: 4 High-Yield Passive Income MLPs Are On Sale
4 Energy Firms Likely to Outperform Q1 Earnings Estimates
COP, ET, MPLX, PBA
Published: May 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Energy sector stocks such as ET, MPLX, PBA, and COP show signs of robust performance ahead of Q1 earnings.

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image for news 4 Energy Firms Likely to Outperform Q1 Earnings Estimates
Energy Transfer LP (ET) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
ET
Published: May 02, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Energy Transfer LP (ET) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Energy Transfer LP (ET) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Big Dividends And Buybacks: Deeply Undervalued 8-9% Yielding Gems
ET, LYB
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Positive

Discover two income giants returning billions to shareholders with big dividends and buybacks. See why these cash machines are prepared to weather economic volatility with rock-solid balance sheets. Learn which high-yield stocks are quietly building shareholder wealth while the market panics.

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image for news Big Dividends And Buybacks: Deeply Undervalued 8-9% Yielding Gems
Here's Why Energy Transfer Stock Is a Buy Before May 6
ET
Published: May 01, 2025 by: The Motley Fool
Sentiment: Positive

It's important for investors to take the long-term view. We should be looking to buy and hold companies for years, if not decades, because that can produce the best total returns.

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image for news Here's Why Energy Transfer Stock Is a Buy Before May 6
Energy Transfer: Positioned For A Profitable Rebound
ET
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Positive

Energy Transfer projects 5% EBITDA growth in FY25, with guidance of $16.1–$16.5B supported by strong operations. FY24 distributable cash flow rose to $8.36B, enabling a 3.2% dividend increase and a 7.4% trailing yield. The company plans $5B in FY25 CapEx, targeting Permian, NGL, and LNG infrastructure with long-term contract backing.

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image for news Energy Transfer: Positioned For A Profitable Rebound
ET Stock Trading at a Discount to its Industry: How to play?
ET
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Energy Transfer is poised for growth with its expanding operation in the United States and well-balanced asset mix.

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image for news ET Stock Trading at a Discount to its Industry: How to play?
This 7.5%-Yielding Dividend Stock Is a Super Investment for Making Passive Income
ET
Published: April 27, 2025 by: The Motley Fool
Sentiment: Positive

Energy Transfer 's (ET -0.88%) business prints cash. The midstream giant's diversified portfolio of pipelines, processing plants, storage terminals, and export facilities acts as a toll booth for the country's energy superhighway.

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image for news This 7.5%-Yielding Dividend Stock Is a Super Investment for Making Passive Income

About Energy Transfer LP (ET)

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