Energy Transfer LP
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 39.7 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at www.energytransfer.com.
Currently trading near its 52-week high — in the top 5% of its range.
Current Price
$19.94
-1.24%GoodMoat Value
$28.11
41.0% undervaluedEnergy Transfer LP (ET) Stock Analysis
ET Financial Charts
FCF vs CAPEX
Forward estimates use 10.6% FCF growth (CAGR)
Cash vs Debt
Net Debt: 68.8B
Revenue
54.2B
FY19
39.0B
FY20
67.4B
FY21
89.9B
FY22
78.6B
FY23
82.7B
FY24
85.5B
FY25
Net Income
3.5B
FY19
—
FY20
5.5B
FY21
4.8B
FY22
3.9B
FY23
4.8B
FY24
4.4B
FY25
ET 52-Week Range
Trading 41% below its estimated fair value of $28.11.
Energy Transfer LP (ET) Financial Summary
Energy Transfer LP (ET) is a Energy company in the Oil & Gas Midstream industry, listed on NYSE. The stock currently trades at $19.94 with a market capitalization of $68.46B.
Key valuation metrics include a P/E ratio of 16.41, price-to-book ratio of 1.99, and EPS of $1.21. The company reports a profit margin of 5.2% and return on equity of 12.9%.
ET Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $68.46B |
| P/E Ratio | 16.41 |
| EPS | $1.21 |
| P/B Ratio | 1.99 |
| P/S Ratio | 0.80 |
| EV/EBITDA | 9.85 |
| Dividend Yield | 6.90% |
| Profit Margin | 5.2% |
| Return on Equity | 12.9% |
| Debt/Equity | 2.04 |
ET Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $54.21B | $3.52B |
| FY20 | $38.95B | $-648.00M |
| FY21 | $67.42B | $5.47B |
| FY22 | $89.88B | $4.76B |
| FY23 | $78.59B | $3.94B |
| FY24 | $82.67B | $4.81B |
| FY25 | $85.54B | $4.43B |
Energy Transfer LP (ET) Valuation
Based on GoodMoat's DCF model, Energy Transfer LP has a fair value estimate of $28.11. At the current price of $19.94, the stock appears 29.1% undervalued relative to our intrinsic value estimate.
ET Quality Indicators
Energy Transfer LP maintains a profit margin of 5.2% and an operating margin of 10.6%. Return on equity stands at 12.9%. The current ratio is 1.22. Debt-to-equity ratio is 2.04.
About Energy Transfer LP
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 39.7 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at www.energytransfer.com.
ET Free Cash Flow
Energy Transfer LP generated $3.85B in trailing twelve-month free cash flow, representing an FCF yield of 5.62%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
ET Shares Outstanding
Energy Transfer LP has 3.43 billion shares outstanding at a share price of $19.94, giving it a market capitalization of $68.46B.