ET Stock Analysis: Energy Transfer | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 70.898m USD | 12M Return: 32.8% | US29273V1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 188M
EPS Trend: 88.3%
Qual. Beats: 1
Rev. Trend: 65.6%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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: 5.82b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.04 > 1.0 |
| NWC/Revenue: 3.12% < 20% (prev 2.26%; Δ 0.85% < -1%) |
| CFO/TA 0.08 > 3% & CFO 12.1b > Net Income 5.82b |
| Net Debt (71.1b) to EBITDA (17.2b): 4.14 < 3 |
| Current Ratio: 1.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.46b) vs 12m ago 0.26% < -2% |
| Gross Margin: 24.11% > 18% (prev 18.29%; Δ 5.82% > 0.5%) |
| Asset Turnover: 76.48% > 50% (prev 64.45%; Δ 12.03% > 0%) |
| Interest Coverage Ratio: 3.14 > 6 (EBIT TTM 11.1b / Interest Expense TTM 3.53b) |
| DSRI: 1.30 (Receivables 17.0b/10.1b, Revenue 104b/80.6b) |
| GMI: 0.76 (GM 18.29% / 24.11%) |
| AQI: 1.07 (AQ_t 0.13 / AQ_t-1 0.12) |
| SGI: 1.30 (Revenue 104b / 80.6b) |
| TATA: -0.04 (NI 5.82b - CFO 12.1b) / TA 148b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of August 19, 2026, the stock is trading at USD 21.42 with a total of 9,856,132 shares traded. Over the past week, the price has changed by +3.08%, over one month by +7.39%, over three months by +7.87% and over the past year by +32.78%.
Current recommended Stop Loss: 20.90 (which is 2.4% or 1.5 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 | 24.2 | 13.2% |
P/E Trailing = 13.8188
P/E Forward = 12.3457
P/S = 0.6603
P/B = 1.9618
P/EG = 0.6382
Revenue TTM = 104b USD
EBIT TTM = 11.1b USD
EBITDA TTM = 17.2b USD
Long Term Debt = 68.4b USD (from longTermDebt, last quarter)
Short Term Debt = 227.0m USD (from shortTermDebt, last quarter)
Debt = 72.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.84b
Net Debt = 71.1b USD (calculated: Debt 72.1b - CCE 1.02b)
Enterprise Value = 142b USD (70.9b + Debt 72.1b - CCE 1.02b)
Interest Coverage Ratio = 3.14 (Ebit TTM 11.1b / Interest Expense TTM 3.53b)
EV/FCF = 27.20x (Enterprise Value 142b / FCF TTM 5.22b)
FCF Yield = 3.68% (FCF TTM 5.22b / Enterprise Value 142b)
FCF Margin = 5.00% (FCF TTM 5.22b / Revenue TTM 104b)
Net Margin = 5.57% (Net Income TTM 5.82b / Revenue TTM 104b)
Gross Margin = 24.11% ((Revenue TTM 104b - Cost of Revenue TTM 79.3b) / Revenue TTM)
Gross Margin QoQ = 21.55% (prev 23.85%)
Tobins Q-Ratio = 0.96 (Enterprise Value 142b / Total Assets 148b)
Interest Expense / Debt = 4.90% (Interest Expense 3.53b / Debt 72.1b)
Taxrate = 5.51% (431.0m / 7.82b)
NOPAT = 10.5b (EBIT 11.1b * (1 - 5.51%))
Current Ratio = 1.16 (Total Current Assets 23.1b / Total Current Liabilities 19.9b)
Debt / Equity = 2.04 (Debt 72.1b / totalStockholderEquity, last quarter 35.3b)
Debt / EBITDA = 4.14 (Net Debt 71.1b / EBITDA 17.2b)
Debt / FCF = 13.62 (Net Debt 71.1b / FCF TTM 5.22b)
Total Stockholder Equity = 34.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.26% (Net Income 5.82b / Total Assets 148b)
RoE = 16.77% (Net Income TTM 5.82b / Total Stockholder Equity 34.7b)
RoCE = 10.74% (EBIT 11.1b / Capital Employed (Equity 34.7b + L.T.Debt 68.4b))
RoIC = 8.21% (NOPAT 10.5b / Invested Capital 128b)
WACC = 6.04% (E(70.9b)/V(143b) * Re(7.48%) + D(72.1b)/V(143b) * Rd(4.90%) * (1-Tc(0.06)))
Discount Rate = 7.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.72 | Cagr: 0.95%
[DCF] Terminal Value 74.21% ; FCFF base≈5.41b ; Y1≈5.05b ; Y5≈4.61b
[DCF] Fair Price = 0.55 (EV 73.0b - Net Debt 71.1b = Equity 1.90b / Shares 3.44b; r=8.35% [WACC [floored]]; 5y FCF grow -8.47% → 2.50% )
EPS Correlation: 88.26 | EPS CAGR: 11.57% | SUE: 2.94 | # QB: 1
Revenue Correlation: 65.62 | Revenue CAGR: 5.84% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.36 | Chg30d=-1.27% | Revisions=-12% | Analysts=5
EPS current Year (2026-12-31): EPS=1.61 | Chg30d=+7.24% | Revisions=+22% | GrowthEPS=+33.3% | GrowthRev=+35.4%
EPS next Year (2027-12-31): EPS=1.60 | Chg30d=-0.10% | Revisions=+10% | GrowthEPS=-0.5% | GrowthRev=-0.3%
[Analyst] Revisions Ratio: +10% (up=10, down=8)