(ET) Energy Transfer - Ratings and Ratios
Natural Gas, NGL, Crude Oil, Refined Products, Compression
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.88% |
| Yield on Cost 5y | 31.71% |
| Yield CAGR 5y | 4.55% |
| Payout Consistency | 92.7% |
| Payout Ratio | 105.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 19.2% |
| Value at Risk 5%th | 30.9% |
| Relative Tail Risk | -2.17% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.26 |
| Alpha | -19.26 |
| CAGR/Max DD | 0.81 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.373 |
| Beta | 0.857 |
| Beta Downside | 1.218 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.56% |
| Mean DD | 5.07% |
| Median DD | 2.43% |
Description: ET Energy Transfer September 26, 2025
Energy Transfer LP (NYSE:ET) is a Dallas-based midstream energy conglomerate that owns and operates a vast network of natural gas, NGL, and crude oil pipelines, as well as related storage, processing, and marketing assets across the United States. Its business is segmented into Intrastate and Interstate Transportation & Storage, Midstream services, NGL & Refined Products Transportation, Crude Oil Transportation, strategic investments (Sunoco LP, USA Compression Partners), and assorted ancillary activities such as compression, power trading, and carbon-dioxide removal. The firm manages roughly 12,200 mi of intrastate and 20,090 mi of interstate natural gas pipelines, 5,700 mi of NGL pipelines, and 17,950 mi of crude oil pipelines, while also selling natural gas to utilities, power generators, and industrial users, and distributing motor fuels under the Sunoco and EcoMaxx brands.
Key performance indicators from the most recent fiscal year show adjusted EBITDA of approximately $7.3 billion and a pipeline capacity of about 15 billion cubic feet per day (Bcf/d) of natural gas, positioning ET to capture upside from the projected 2–3 % annual growth in U.S. natural gas consumption driven by higher electricity demand and LNG export expansion. The company’s exposure to NGL markets is also material, with NGL production expected to rise 4 % YoY as shale output continues, while its crude oil pipeline network benefits from the ongoing rebound in U.S. oil production volumes. However, regulatory scrutiny of midstream tariffs and environmental permitting remains a source of uncertainty that could affect future cash-flow stability.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of ET’s cash-flow dynamics and valuation sensitivities, which can help you assess the trade-off between growth prospects and regulatory risk.
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) 53.82
| 1. Piotroski 2.50pt |
| 2. FCF Yield 4.49% |
| 3. FCF Margin 6.60% |
| 4. Debt/Equity 1.84 |
| 5. Debt/Ebitda 3.97 |
| 6. ROIC - WACC (= 4.42)% |
| 7. RoE 12.92% |
| 8. Rev. Trend -21.22% |
| 9. EPS Trend -21.78% |
What is the price of ET shares?
Over the past week, the price has changed by +1.21%, over one month by +0.33%, over three months by -3.47% and over the past year by -9.40%.
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 | 21.8 | 30.3% |
| Analysts Target Price | 21.8 | 30.3% |
| ValueRay Target Price | 19.9 | 18.9% |
ET Fundamental Data Overview November 25, 2025
P/E Trailing = 13.208
P/E Forward = 10.661
P/S = 0.7107
P/B = 1.6347
P/EG = 0.9191
Beta = 0.65
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 = 117.07b USD (56.69b + Debt 63.97b - CCE 3.59b)
Interest Coverage Ratio = 2.86 (Ebit TTM 9.63b / Interest Expense TTM 3.37b)
FCF Yield = 4.49% (FCF TTM 5.26b / Enterprise Value 117.07b)
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 117.07b / 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 = 5.00% (E(56.69b)/V(120.66b) * Re(9.17%) + D(63.97b)/V(120.66b) * Rd(1.39%) * (1-Tc(0.06)))
Discount Rate = 9.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.09%
[DCF Debug] Terminal Value 74.86% ; FCFE base≈5.88b ; Y1≈6.10b ; Y5≈6.94b
Fair Price DCF = 29.09 (DCF Value 99.88b / 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: -21.22 | Revenue CAGR: 1.81% | SUE: -1.71 | # QB: 0
Additional Sources for ET Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle