ET Stock Analysis: Energy Transfer | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 65.795m USD | 12M Return: 20.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 162M
EPS Trend: 46.2%
Qual. Beats: 0
Rev. Trend: 56.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Energy Transfer LP (NYSE: ET) is a Dallas-headquartered, large-cap U.S. midstream energy partnership founded in 1996 and operating since its 2006 IPO. As a master limited partnership (MLP), it is structured to pass through the bulk of its taxable income to unitholders, a common arrangement in the midstream segment. The company operates across eight reporting segments covering the full midstream value chain: intrastate and interstate natural gas transportation and storage, midstream gathering and processing, NGL and refined products, crude oil transportation, its equity stakes in Sunoco LP and USA Compression Partners (USAC), and other ancillary businesses.
Its natural gas footprint includes roughly 12,200 miles of intrastate pipelines, about 20,090 miles of interstate pipelines, gathering systems, processing plants, and treating facilities. Natural gas is sold to electric utilities, independent power producers, local distribution companies, marketing firms, and industrial end-users.
In the liquids value chain, the company owns approximately 5,700 miles of NGL pipelines along with fractionation and storage assets. Its crude operations span roughly 18,000 miles of trunk and gathering pipelines and include transportation, terminalling, trucking, and marketing services. Through Sunoco LP, it sells and distributes motor fuels under the Sunoco and EcoMaxx brands, and through USAC it provides natural gas compression services.
Other activities include wholesale power trading, carbon dioxide and hydrogen sulfide removal, coal and natural resource property management, timber sales, coal-related infrastructure leasing, and oil and gas royalty collection. The company was formerly known as Energy Transfer Equity, L.P., adopting its current name in October 2018.
- LNG export expansion drives Gulf Coast natural gas pipeline volume growth
- NGL fractionation margins supported by robust propane and ethane export demand
- Sunoco LP retail fuel margins improve on stable wholesale crack spreads
| Net Income: 4.83b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.31 > 1.0 |
| NWC/Revenue: 3.60% < 20% (prev 2.03%; Δ 1.57% < -1%) |
| CFO/TA 0.07 > 3% & CFO 10.6b > Net Income 4.83b |
| Net Debt (71.9b) to EBITDA (14.7b): 4.90 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.46b) vs 12m ago 0.13% < -2% |
| Gross Margin: 22.91% > 18% (prev 19.43%; Δ 3.48% > 0.5%) |
| Asset Turnover: 65.26% > 50% (prev 64.91%; Δ 0.35% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBIT TTM 9.15b / Interest Expense TTM 3.46b) |
| DSRI: 1.27 (Receivables 15.9b/11.5b, Revenue 89.4b/82.1b) |
| GMI: 0.85 (GM 19.43% / 22.91%) |
| AQI: 1.09 (AQ_t 0.13 / AQ_t-1 0.12) |
| SGI: 1.09 (Revenue 89.4b / 82.1b) |
| TATA: -0.04 (NI 4.83b - CFO 10.6b) / TA 147b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of July 08, 2026, the stock is trading at USD 19.81 with a total of 9,258,158 shares traded. Over the past week, the price has changed by +3.93%, over one month by +2.43%, over three months by +5.40% and over the past year by +20.24%.
Current recommended Stop Loss: 19.00 (which is 4.1% or 2.3 ATR below the current price).
Energy Transfer has received a consensus analysts rating of 4.53. Therefore, it is recommended to buy ET.
- StrongBuy: 10
- Buy: 6
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.6 | 19.1% |
P/E Trailing = 15.9333
P/E Forward = 11.3766
P/S = 0.7129
P/B = 1.9092
P/EG = 0.5713
Revenue TTM = 89.4b USD
EBIT TTM = 9.15b USD
EBITDA TTM = 14.7b USD
Long Term Debt = 69.3b USD (from longTermDebt, last quarter)
Short Term Debt = 220.0m USD (from shortTermDebt, last quarter)
Debt = 72.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.77b
Net Debt = 71.9b USD (calculated: Debt 72.9b - CCE 971.0m)
Enterprise Value = 138b USD (65.8b + Debt 72.9b - CCE 971.0m)
Interest Coverage Ratio = 2.64 (Ebit TTM 9.15b / Interest Expense TTM 3.46b)
EV/FCF = 37.68x (Enterprise Value 138b / FCF TTM 3.65b)
FCF Yield = 2.65% (FCF TTM 3.65b / Enterprise Value 138b)
FCF Margin = 4.09% (FCF TTM 3.65b / Revenue TTM 89.4b)
Net Margin = 5.41% (Net Income TTM 4.83b / Revenue TTM 89.4b)
Gross Margin = 22.91% ((Revenue TTM 89.4b - Cost of Revenue TTM 68.9b) / Revenue TTM)
Gross Margin QoQ = 23.85% (prev 25.79%)
Tobins Q-Ratio = 0.93 (Enterprise Value 138b / Total Assets 147b)
Interest Expense / Debt = 4.75% (Interest Expense 3.46b / Debt 72.9b)
Taxrate = 4.76% (316.0m / 6.64b)
NOPAT = 8.72b (EBIT 9.15b * (1 - 4.76%))
Current Ratio = 1.17 (Total Current Assets 22.3b / Total Current Liabilities 19.0b)
Debt / Equity = 2.11 (Debt 72.9b / totalStockholderEquity, last quarter 34.5b)
Debt / EBITDA = 4.90 (Net Debt 71.9b / EBITDA 14.7b)
Debt / FCF = 19.68 (Net Debt 71.9b / FCF TTM 3.65b)
Total Stockholder Equity = 34.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.53% (Net Income 4.83b / Total Assets 147b)
RoE = 13.97% (Net Income TTM 4.83b / Total Stockholder Equity 34.6b)
RoCE = 8.81% (EBIT 9.15b / Capital Employed (Equity 34.6b + L.T.Debt 69.3b))
RoIC = 6.83% (NOPAT 8.72b / Invested Capital 128b)
WACC = 6.06% (E(65.8b)/V(139b) * Re(7.76%) + D(72.9b)/V(139b) * Rd(4.75%) * (1-Tc(0.05)))
Discount Rate = 7.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 2.16%
[DCF] Terminal Value 73.10% ; FCFF base≈4.62b ; Y1≈4.05b ; Y5≈3.27b
[DCF] Fair Price = N/A (negative equity: EV 52.5b - Net Debt 71.9b = -19.4b; debt exceeds intrinsic value)
EPS Correlation: 46.23 | EPS CAGR: 3.78% | SUE: -0.38 | # QB: 0
Revenue Correlation: 56.61 | Revenue CAGR: 2.21% | SUE: 0.46 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.37 | Chg30d=+23.20% | Revisions=-22% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.37 | Chg30d=+27.17% | Revisions=-22% | Analysts=9
EPS current Year (2026-12-31): EPS=1.50 | Chg30d=+1.53% | Revisions=-15% | GrowthEPS=+24.3% | GrowthRev=+30.0%
EPS next Year (2027-12-31): EPS=1.61 | Chg30d=-0.10% | Revisions=-15% | GrowthEPS=+6.8% | GrowthRev=+0.4%
[Analyst] Revisions Ratio: -23% (up=12, down=20)