(ET) Energy Transfer - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 69.064m USD | Total Return: 20.5% in 12m
Avg Turnover: 252M
EPS Trend: -14.0%
Qual. Beats: 0
Rev. Trend: 56.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Energy Transfer LP (ET) is a diversified midstream energy provider operating a vast network of infrastructure across the United States. The company’s core operations include the gathering, processing, transportation, and storage of natural gas, crude oil, and natural gas liquids (NGLs). Its extensive asset base features over 32,000 miles of natural gas pipelines and approximately 18,000 miles of crude oil trunk and gathering lines.
The company operates under a Master Limited Partnership (MLP) model, which historically focuses on generating steady cash flows through long-term, fee-based contracts to support distributions to unitholders. As a midstream entity, Energy Transfer serves as a critical link between upstream producers and downstream consumers, such as electric utilities and industrial end-users. Beyond core logistics, the firm maintains strategic investments in Sunoco LP and USA Compression Partners, LP, while also engaging in power trading and carbon dioxide removal services.
For a more detailed breakdown of these segments and valuation metrics, consider reviewing the latest data on ValueRay.
- Natural gas export demand drives volume growth across interstate pipeline network
- Strategic acquisitions and consolidation expand market share and distributable cash flow
- Fluctuating NGL and crude oil prices impact storage and processing margins
- Regulatory hurdles and legal challenges delay critical midstream infrastructure project timelines
- Integration of diverse energy segments stabilizes revenue via fee-based long-term contracts
| 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 0.19%; Δ 2.27k% > 0.5%) |
| Asset Turnover: 65.26% > 50% (prev 64.91%; Δ 0.35% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBITDA TTM 14.7b / Interest Expense TTM 3.46b) |
| DSRI: 1.27 (Receivables 15.9b/11.5b, Revenue 89.4b/82.1b) |
| GMI: 0.85 (GM 22.91% / 19.43%) |
| 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 = -2.87 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 20.07 with a total of 6,857,800 shares traded.
Over the past week, the price has changed by -0.40%,
over one month by +7.17%,
over three months by +9.82% and
over the past year by +20.46%.
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 | 23.3 | 16.2% |
P/E Trailing = 16.725
P/E Forward = 11.9474
P/S = 0.7484
P/B = 2.0041
P/EG = 0.5997
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 = 141b USD (69.1b + Debt 72.9b - CCE 971.0m)
Interest Coverage Ratio = 2.64 (Ebit TTM 9.15b / Interest Expense TTM 3.46b)
EV/FCF = 38.58x (Enterprise Value 141b / FCF TTM 3.65b)
FCF Yield = 2.59% (FCF TTM 3.65b / Enterprise Value 141b)
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 = 0.96 (Enterprise Value 141b / Total Assets 147b)
Interest Expense / Debt = 4.75% (Interest Expense 3.46b / Debt 72.9b)
Taxrate = 6.40% (135.0m / 2.11b)
NOPAT = 8.57b (EBIT 9.15b * (1 - 6.40%))
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 = 6.66% (NOPAT 8.57b / Invested Capital 129b)
WACC = 6.07% (E(69.1b)/V(142b) * Re(7.78%) + D(72.9b)/V(142b) * Rd(4.75%) * (1-Tc(0.06)))
Discount Rate = 7.78% (= 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: -14.01 | EPS CAGR: -0.63% | SUE: -0.36 | # QB: 0
Revenue Correlation: 56.61 | Revenue CAGR: 2.21% | SUE: 0.46 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.33 | Chg30d=-10.78% | Revisions=-20% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.33 | Chg30d=-13.63% | Revisions=-20% | Analysts=7
EPS current Year (2026-12-31): EPS=1.41 | Chg30d=-6.98% | Revisions=-17% | GrowthEPS=+16.9% | GrowthRev=+28.5%
EPS next Year (2027-12-31): EPS=1.53 | Chg30d=-9.59% | Revisions=+0% | GrowthEPS=+7.8% | GrowthRev=-0.4%
[Analyst] Revisions Ratio: -20%