ET Stock Analysis: Energy Transfer | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 70.278m USD | 12M Return: 33.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 175M
EPS Trend: 88.3%
Qual. Beats: 1
Rev. Trend: 65.6%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 large-cap US midstream energy partnership headquartered in Dallas, Texas. Operating across natural gas transportation and storage, NGL and refined products logistics, crude oil transportation, and retail fuel distribution, the company sits in the middle of the oil and gas value chain-gathering, processing, transporting, and marketing hydrocarbons between production sites and end-users.
The companys natural gas operations include intrastate and interstate pipeline systems, gathering pipelines, processing plants, and treating and conditioning facilities, with customers spanning electric utilities, independent power producers, local distribution companies, and industrial end-users. Its NGL segment owns thousands of miles of pipelines along with fractionation, storage, and terminal assets.
Energy Transfer also provides crude oil transportation, terminalling, trucking, and marketing services, and distributes motor fuels under the Sunoco and EcoMaxx brands. Additional services include natural gas compression (via its investment in USA Compression Partners), wholesale power trading, and carbon dioxide and hydrogen sulfide removal. As a master limited partnership (MLP), Energy Transfer distributes the majority of its taxable income to unitholders-a structure common among midstream operators. The partnership was founded in 1996 and has traded on the NYSE since its 2006 IPO.
- Natural gas pipeline volumes rise on data center power demand
- NGL and refined products margins track ethane export growth
- Sunoco LP distribution growth boosts investment income
| 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 (16.5b): 4.31 < 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: 2.95 > 6 (EBIT TTM 10.4b / Interest Expense TTM 3.53b) |
| DSRI: 1.30 (Receivables 17.1b/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 October 14, 2026, the stock is trading at USD 20.48 with a total of 4,894,362 shares traded. Over the past week, the price has changed by -1.25%, over one month by -4.70%, over three months by +3.18% and over the past year by +33.26%.
Current recommended Stop Loss: 19.40 (which is 5.3% or 2.8 ATR below the current price).
Energy Transfer has received a consensus analysts rating of 4.52. Therefore, it is recommended to buy ET.
- StrongBuy: 15
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.7 | 20.8% |
P/E Trailing = 13.9795
P/E Forward = 12.0337
P/S = 0.6545
P/B = 1.9882
P/EG = 0.622
Revenue TTM = 104b USD
EBIT TTM = 10.4b USD
EBITDA TTM = 16.5b 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 = 141b USD (70.3b + Debt 72.1b - CCE 1.02b)
Interest Coverage Ratio = 2.95 (Ebit TTM 10.4b / Interest Expense TTM 3.53b)
EV/FCF = 27.08x (Enterprise Value 141b / FCF TTM 5.22b)
FCF Yield = 3.69% (FCF TTM 5.22b / Enterprise Value 141b)
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 = 0.95 (Enterprise Value 141b / Total Assets 148b)
Interest Expense / Debt = 4.90% (Interest Expense 3.53b / Debt 72.1b)
Taxrate = 5.51% (431.0m / 7.82b)
NOPAT = 9.83b (EBIT 10.4b * (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 = 4.31 (Net Debt 71.1b / EBITDA 16.5b)
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 = 10.09% (EBIT 10.4b / Capital Employed (Equity 34.7b + L.T.Debt 68.4b))
RoIC = 7.71% (NOPAT 9.83b / Invested Capital 128b)
WACC = 6.06% (E(70.3b)/V(142b) * Re(7.52%) + D(72.1b)/V(142b) * Rd(4.90%) * (1-Tc(0.06)))
Discount Rate = 7.52% (= 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=0.40 | Chg30d=-1.95% | Revisions=-25% | Analysts=11
EPS current Year (2026-12-31): EPS=1.71 | Chg30d=-0.22% | Revisions=-40% | GrowthEPS=+41.7% | GrowthRev=+43.9%
EPS next Year (2027-12-31): EPS=1.68 | Chg30d=-0.11% | Revisions=-40% | GrowthEPS=-1.9% | GrowthRev=+0.1%
[Analyst] Revisions Ratio: -62% (up=0, down=5)