(ET) Energy Transfer - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 66.398m USD | Total Return: 15.3% in 12m

Stock Pipelines, Storage, Processing, Fuels
Total Rating 36
Safety 70
Buy Signal -0.33
Oil & Gas Midstream -2.2
Oil & Gas Storage & Transportation -0.9
Market Cap: 66,398m
Avg Trading Vol: 285M USD
ATR: 1.74%
Peers RS (IBD): 11.0
Risk 5d forecast
Volatility18.6%
Rel. Tail Risk-3.00%
Reward TTM
Sharpe Ratio0.42
Alpha-1.66
Character TTM
Beta0.620
Beta Downside0.634
Drawdowns 3y
Max DD24.56%
CAGR/Max DD1.01
EPS (Earnings per Share) EPS (Earnings per Share) of ET over the last years for every Quarter: "2021-03": 1.21, "2021-06": 0.2, "2021-09": 0.2, "2021-12": 0.29, "2022-03": 0.37, "2022-06": 0.39, "2022-09": 0.29, "2022-12": 0.34, "2023-03": 0.32, "2023-06": 0.25, "2023-09": 0.33, "2023-12": 0.37, "2024-03": 0.32, "2024-06": 0.19, "2024-09": 0.32, "2024-12": 0.29, "2025-03": 0.36, "2025-06": 0.32, "2025-09": 0.28, "2025-12": 0.25, "2026-03": 0,
EPS CAGR: -49.73%
EPS Trend: -51.3%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of ET over the last years for every Quarter: 2021-03: 16995, 2021-06: 15101, 2021-09: 16664, 2021-12: 18657, 2022-03: 20491, 2022-06: 25945, 2022-09: 22939, 2022-12: 20501, 2023-03: 18995, 2023-06: 18320, 2023-09: 20739, 2023-12: 20532, 2024-03: 21629, 2024-06: 20729, 2024-09: 20772, 2024-12: 19541, 2025-03: 21020, 2025-06: 19242, 2025-09: 19954, 2025-12: 22410, 2026-03: null,
Rev. CAGR: 2.42%
Rev. Trend: -24.4%
Last SUE: -1.10
Qual. Beats: 0
Description: ET Energy Transfer

Energy Transfer LP (ET) provides extensive energy-related services across the United States. The company operates a diversified portfolio of assets, including natural gas transportation and storage, midstream operations, and the transportation of natural gas liquids (NGLs) and crude oil. Midstream operations are crucial in the energy sector, connecting production sites to refineries and end-users.

ETs infrastructure includes thousands of miles of intrastate and interstate natural gas pipelines, NGL pipelines, and crude oil pipelines. They also own and operate natural gas processing plants, NGL fractionation facilities, and crude oil terminals. This integrated network allows for the efficient movement and processing of various hydrocarbon products, a core characteristic of master limited partnerships (MLPs) in this industry.

Beyond transportation, ET engages in natural gas sales, motor fuel distribution under brands like Sunoco, and provides natural gas compression services. The company also holds investments in Sunoco LP and USA Compression Partners, LP, further expanding its reach within the energy infrastructure landscape. To gain deeper insights into ETs operational specifics and financial performance, consider exploring its profile on ValueRay.

Headlines to Watch Out For
  • Natural gas pipeline volumes impact transportation revenue
  • Crude oil prices influence transportation and marketing segments
  • NGL fractionation demand affects processing fees
  • Regulatory changes pose operational and expansion risks
  • Interest rates impact debt servicing costs
Piotroski VR‑10 (Strict) 2.5
Net Income: 4.90b TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -3.14 > 1.0
NWC/Revenue: 3.97% < 20% (prev 1.87%; Δ 2.10% < -1%)
CFO/TA 0.07 > 3% & CFO 10.15b > Net Income 4.90b
Net Debt (70.34b) to EBITDA (14.93b): 4.71 < 3
Current Ratio: 1.22 > 1.5 & < 3
Outstanding Shares: last quarter (3.65b) vs 12m ago 5.80% < -2%
Gross Margin: 21.79% > 18% (prev 0.19%; Δ 2.16k% > 0.5%)
Asset Turnover: 61.86% > 50% (prev 65.94%; Δ -4.07% > 0%)
Interest Coverage Ratio: 2.89 > 6 (EBITDA TTM 14.93b / Interest Expense TTM 3.32b)
Altman Z''
A: 0.02 (Total Current Assets 18.23b - Total Current Liabilities 14.96b) / Total Assets 141.74b
B: error (Retained Earnings missing)
C: 0.07 (EBIT TTM 9.61b / Avg Total Assets 133.56b)
D: 0.34 (Book Value of Equity 31.01b / Total Liabilities 92.48b)
Beneish M -3.01
DSRI: 1.11 (Receivables 11.45b/10.33b, Revenue 82.63b/82.67b)
GMI: 0.87 (GM 21.79% / 18.98%)
AQI: 1.14 (AQ_t 0.14 / AQ_t-1 0.12)
SGI: 1.00 (Revenue 82.63b / 82.67b)
TATA: -0.04 (NI 4.90b - CFO 10.15b) / TA 141.74b)
Beneish M-Score: -3.01 (Cap -4..+1) = AA
What is the price of ET shares? As of April 05, 2026, the stock is trading at USD 19.30 with a total of 19,314,815 shares traded.
Over the past week, the price has changed by -3.76%, over one month by +0.37%, over three months by +17.45% and over the past year by +15.26%.
Is ET a buy, sell or hold? 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
What are the forecasts/targets for the ET price?
Wallstreet Target Price 22.1 14.4%
Analysts Target Price 22.1 14.4%
ET Fundamental Data Overview as of 02 April 2026
P/E Trailing = 15.9504
P/E Forward = 11.8343
P/S = 0.7763
P/B = 1.9611
P/EG = 0.6558
Revenue TTM = 82.63b USD
EBIT TTM = 9.61b USD
EBITDA TTM = 14.93b USD
Long Term Debt = 68.31b USD (from longTermDebt, last quarter)
Short Term Debt = 270.0m USD (from shortTermDebt, last quarter)
Debt = 71.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 70.34b USD (from netDebt column, last quarter)
Enterprise Value = 136.73b USD (66.40b + Debt 71.61b - CCE 1.27b)
Interest Coverage Ratio = 2.89 (Ebit TTM 9.61b / Interest Expense TTM 3.32b)
EV/FCF = 35.55x (Enterprise Value 136.73b / FCF TTM 3.85b)
FCF Yield = 2.81% (FCF TTM 3.85b / Enterprise Value 136.73b)
FCF Margin = 4.65% (FCF TTM 3.85b / Revenue TTM 82.63b)
Net Margin = 5.93% (Net Income TTM 4.90b / Revenue TTM 82.63b)
Gross Margin = 21.79% ((Revenue TTM 82.63b - Cost of Revenue TTM 64.62b) / Revenue TTM)
Gross Margin QoQ = 25.79% (prev 27.02%)
Tobins Q-Ratio = 0.96 (Enterprise Value 136.73b / Total Assets 141.74b)
Interest Expense / Debt = 1.06% (Interest Expense 760.0m / Debt 71.61b)
Taxrate = 0.93% (15.0m / 1.61b)
NOPAT = 9.52b (EBIT 9.61b * (1 - 0.93%))
Current Ratio = 1.22 (Total Current Assets 18.23b / Total Current Liabilities 14.96b)
Debt / Equity = 2.08 (Debt 71.61b / totalStockholderEquity, last quarter 34.37b)
Debt / EBITDA = 4.71 (Net Debt 70.34b / EBITDA 14.93b)
Debt / FCF = 18.29 (Net Debt 70.34b / FCF TTM 3.85b)
Total Stockholder Equity = 34.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.67% (Net Income 4.90b / Total Assets 141.74b)
RoE = 14.09% (Net Income TTM 4.90b / Total Stockholder Equity 34.79b)
RoCE = 9.32% (EBIT 9.61b / Capital Employed (Equity 34.79b + L.T.Debt 68.31b))
RoIC = 9.74% (NOPAT 9.52b / Invested Capital 97.78b)
WACC = 4.47% (E(66.40b)/V(138.01b) * Re(8.16%) + D(71.61b)/V(138.01b) * Rd(1.06%) * (1-Tc(0.01)))
Discount Rate = 8.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.24%
[DCF] Terminal Value 86.69% ; FCFF base≈5.24b ; Y1≈5.43b ; Y5≈6.19b
[DCF] Fair Price = 32.81 (EV 183.22b - Net Debt 70.34b = Equity 112.88b / Shares 3.44b; r=6.0% [WACC]; 5y FCF grow 3.75% → 3.0% )
EPS Correlation: -51.29 | EPS CAGR: -49.73% | SUE: -4.0 | # QB: 0
Revenue Correlation: -24.41 | Revenue CAGR: 2.42% | SUE: -1.10 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.37 | Chg7d=-0.013 | Chg30d=-0.003 | Revisions Net=+1 | Analysts=8
EPS current Year (2026-12-31): EPS=1.52 | Chg7d=-0.035 | Chg30d=+0.012 | Revisions Net=+2 | Growth EPS=+25.7% | Growth Revenue=+25.1%
EPS next Year (2027-12-31): EPS=1.69 | Chg7d=-0.014 | Chg30d=+0.006 | Revisions Net=+0 | Growth EPS=+11.0% | Growth Revenue=-1.5%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.9% (Discount Rate 8.2% - Earnings Yield 6.3%)
[Growth] Growth Spread = +39.8% (Analyst 41.7% - Implied 1.9%)
External Resources
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