(ET) Energy Transfer - Ratings and Ratios
Natural Gas, Pipelines, Crude Oil, NGL, Terminals
Dividends
| Dividend Yield | 7.95% |
| Yield on Cost 5y | 28.18% |
| Yield CAGR 5y | 4.55% |
| Payout Consistency | 92.7% |
| Payout Ratio | 105.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 17.7% |
| Value at Risk 5%th | 28.6% |
| Relative Tail Risk | -1.71% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.30 |
| Alpha | -17.70 |
| CAGR/Max DD | 0.91 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.389 |
| Beta | 0.842 |
| Beta Downside | 1.209 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.56% |
| Mean DD | 5.11% |
| Median DD | 2.33% |
Description: ET Energy Transfer December 03, 2025
Energy Transfer LP (NYSE:ET) is a Dallas-based midstream operator that spans the full spectrum of U.S. energy logistics, from intrastate and interstate natural-gas pipelines (≈12,200 mi intrastate, ≈20,090 mi interstate) to crude-oil trunk lines (≈17,950 mi) and NGL infrastructure (≈5,700 mi). Its business segments include natural-gas transportation and storage, NGL and refined-product movement, crude-oil gathering and marketing, and ancillary services such as compression, power trading, and carbon-dioxide removal; it also holds equity stakes in Sunoco LP and USA Compression Partners.
Key operating metrics that investors watch include pipeline utilization rates (historically 80-85 % for gas assets) and EBITDA margins, which were roughly 30 % in 2023 (≈$4.9 bn EBITDA) despite volatile commodity prices. The company’s cash-flow generation is tightly linked to three sector drivers: (1) U.S. natural-gas demand growth from power generation and industrial use, (2) expanding NGL demand tied to petrochemical feedstock needs, and (3) capital-intensive expansion cycles-ET’s 2023 capital expenditures topped $6 bn, reflecting ongoing pipeline extensions and compression upgrades. Assumption: current utilization and margin trends will persist absent major regulatory setbacks; uncertainty remains around potential pipeline-approval delays and the pace of U.S. gas price spreads.
For a deeper, data-driven assessment of ET’s valuation dynamics, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (4.52b TTM) > 0 and > 6% of Revenue (6% = 4.79b TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -1.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 6.31% (prev 1.15%; Δ 5.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 10.84b > Net Income 4.52b (YES >=105%, WARN >=100%) |
| Net Debt (60.40b) to EBITDA (15.20b) ratio: 3.97 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.41 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (3.64b) change vs 12m ago 5.76% (target <= -2.0% for YES) |
| Gross Margin 20.47% (prev 18.31%; Δ 2.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 62.86% (prev 67.24%; Δ -4.38pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.86 (EBITDA TTM 15.20b / Interest Expense TTM 3.37b) >= 6 (WARN >= 3) |
ValueRay F-Score (Strict, 0-100) 53.80
| 1. Piotroski 2.50pt |
| 2. FCF Yield 4.46% |
| 3. FCF Margin 6.60% |
| 4. Debt/Equity 1.84 |
| 5. Debt/Ebitda 3.97 |
| 6. ROIC - WACC (= 4.41)% |
| 7. RoE 12.92% |
| 8. Rev. Trend -20.99% |
| 9. EPS Trend -21.78% |
What is the price of ET shares?
Over the past week, the price has changed by -1.43%, over one month by -0.12%, over three months by -3.19% and over the past year by -7.17%.
Is ET a buy, sell or hold?
- Strong Buy: 10
- Buy: 6
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the ET price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 21.6 | 30.1% |
| Analysts Target Price | 21.6 | 30.1% |
| ValueRay Target Price | 20.7 | 24.9% |
ET Fundamental Data Overview December 10, 2025
P/E Trailing = 13.44
P/E Forward = 9.7371
P/S = 0.7232
P/B = 1.6634
P/EG = 0.7156
Beta = 0.652
Revenue TTM = 79.76b USD
EBIT TTM = 9.63b USD
EBITDA TTM = 15.20b USD
Long Term Debt = 63.10b USD (from longTermDebt, last quarter)
Short Term Debt = 75.0m USD (from shortTermDebt, last quarter)
Debt = 63.97b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 60.40b USD (from netDebt column, last quarter)
Enterprise Value = 118.08b USD (57.68b + Debt 63.97b - CCE 3.57b)
Interest Coverage Ratio = 2.86 (Ebit TTM 9.63b / Interest Expense TTM 3.37b)
FCF Yield = 4.46% (FCF TTM 5.26b / Enterprise Value 118.08b)
FCF Margin = 6.60% (FCF TTM 5.26b / Revenue TTM 79.76b)
Net Margin = 5.66% (Net Income TTM 4.52b / Revenue TTM 79.76b)
Gross Margin = 20.47% ((Revenue TTM 79.76b - Cost of Revenue TTM 63.43b) / Revenue TTM)
Gross Margin QoQ = 27.02% (prev 13.95%)
Tobins Q-Ratio = 0.91 (Enterprise Value 118.08b / Total Assets 129.33b)
Interest Expense / Debt = 1.39% (Interest Expense 890.0m / Debt 63.97b)
Taxrate = 6.31% (87.0m / 1.38b)
NOPAT = 9.02b (EBIT 9.63b * (1 - 6.31%))
Current Ratio = 1.41 (Total Current Assets 17.44b / Total Current Liabilities 12.41b)
Debt / Equity = 1.84 (Debt 63.97b / totalStockholderEquity, last quarter 34.68b)
Debt / EBITDA = 3.97 (Net Debt 60.40b / EBITDA 15.20b)
Debt / FCF = 11.48 (Net Debt 60.40b / FCF TTM 5.26b)
Total Stockholder Equity = 34.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.49% (Net Income 4.52b / Total Assets 129.33b)
RoE = 12.92% (Net Income TTM 4.52b / Total Stockholder Equity 34.98b)
RoCE = 9.82% (EBIT 9.63b / Capital Employed (Equity 34.98b + L.T.Debt 63.10b))
RoIC = 9.42% (NOPAT 9.02b / Invested Capital 95.83b)
WACC = 5.01% (E(57.68b)/V(121.65b) * Re(9.12%) + D(63.97b)/V(121.65b) * Rd(1.39%) * (1-Tc(0.06)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.09%
[DCF Debug] Terminal Value 75.03% ; FCFE base≈5.88b ; Y1≈6.10b ; Y5≈6.94b
Fair Price DCF = 29.33 (DCF Value 100.70b / Shares Outstanding 3.43b; 5y FCF grow 3.75% → 3.0% )
EPS Correlation: -21.78 | EPS CAGR: -0.93% | SUE: -0.99 | # QB: 0
Revenue Correlation: -20.99 | Revenue CAGR: 1.81% | SUE: -1.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.37 | Chg30d=+0.012 | Revisions Net=+1 | Analysts=6
EPS next Year (2026-12-31): EPS=1.55 | Chg30d=+0.029 | Revisions Net=+1 | Growth EPS=+16.4% | Growth Revenue=+13.2%
Additional Sources for ET Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle