(ET) Energy Transfer - Ratings and Ratios

Energy Transfer LP (ET) is a cornerstone of North Americas energy infrastructure, operating an extensive network that underpins the continents energy distribution. As a key player in the midstream sector, ET manages the critical task of transporting and storing energy products, ensuring that fossil fuels and emerging energy sources move efficiently across the supply chain.

ETs natural gas operations are a testament to its scale and reach, boasting over 20,000 miles of interstate pipelines. This network is complemented by significant gathering and processing assets spread across major U.S. shale regions, including the Permian Basin and Marcellus Shale. Their infrastructure also extends to natural gas liquids (NGLs), with 5,700 miles of pipelines and fractionation facilities, highlighting their comprehensive approach to hydrocarbon transportation.

Diversification is a hallmark of ETs strategy, with substantial investments in crude oil infrastructure. Their 14,500 miles of pipelines and terminals underscore their role in the oil supply chain, while their retail business adds another layer of stability, distributing motor fuels across a wide network. This diversified revenue stream enhances their resilience against market fluctuations.

From a financial standpoint, ETs market capitalization of $68 billion reflects its scale and market position. The forward P/E ratio of 10.58 suggests growth potential, while a P/B ratio of 1.92 indicates a reasonable valuation relative to book value. These metrics highlight ETs appeal to investors seeking exposure to energy infrastructure.

ETs enduring presence since 1996 speaks to its experience and adaptability in a changing energy landscape. As the sector evolves, ETs infrastructure will remain pivotal, supporting both traditional and emerging