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Energy Transfer LP

ET

Last
$20.45
Day
-0.8%
1y
+24.1%
5y
+104.6%
52w
-5.6%
SPY YTD
+13.3%
XLE
+42.9%
Earnings
2026-11-0323d
EMA 21
20.62
EMA 50
20.64
EMA 200
19.60
20d high
-4.8%
5y high
-5.6%
5y range
91th
Website · 22,311 employees · United States

Positions held

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Score
3
Hold
watch
Signal
Neutral
Target
$21.38
Stop
$19.99
Stop distance
2.3%
Target vs last
+4.5%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • Energy Transfer LP operates in a competitive oil and gas midstream sector, benefiting from strong demand for energy infrastructure.
  • Revenue increased by 24% compared to the prior quarter, reaching $34.3 billion.
  • The company has a trailing PE ratio of 14.21, indicating potential undervaluation compared to industry peers.
Bear case
  • The company faces challenges with a high debt-to-equity ratio of 138.33, which may impact financial stability.
  • Gross margin decreased to 17% from 18.1% in the prior quarter, indicating potential pressure on profitability.
  • The current market sentiment is neutral, with a score of -1.00 reflecting mixed trends in technical indicators.

Fundamentals

Market cap$71.00BEnterprise value$159.37BTrailing P/E14.12Forward P/E11.82
PEG0.62Price / book2.22Beta0.60Dividend yield6.56%
Revenue growth78.4%Earnings growth85.3%Gross margin17.5%Operating margin10.4%
Profit margin4.9%ROE14.6%ROA5.1%Debt / equity1.38
Current ratio1.16Free cash flow$3.16BAnalyst recommendationstrong_buyMean target$24.74
52w high$21.8452w low$16.18

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$34.3B$27.8B$25.3B$20.0B$19.2B—
Op margin10.4%10.7%9.3%10.8%12.0%—
Net income$2.1B$1.3B$928M$1.0B$1.2B—
Gross margin17.0%18.1%17.4%19.8%20.3%—
Gross profit$5.8B$5.0B$4.4B$4.0B$3.9B—
Operating income$3.6B$3.0B$2.4B$2.2B$2.3B—
  • Revenue +24% vs prior quarter ($34.3B vs $27.8B).
  • Gross margin 17% (was 18.1% prior quarter).

Yearly (6y)

20252024202320222021
Revenue$85.5B$82.7B$78.6B$89.9B—
Op margin10.9%11.1%10.6%9.0%—
Net income$4.4B$4.8B$3.9B$4.8B—
Gross margin19.1%18.8%17.4%15.0%—
Gross profit$16.4B$15.5B$13.7B$13.5B—
Operating income$9.3B$9.2B$8.3B$8.1B—
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

ET · daily+1.1% over 13 sessions
Close EMA21 EMA50 EMA200
19.5219.9120.2920.6721.062026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
$0M$8.6B$17.2B$25.8B$34.3B0%10%20%2025-Q22025-Q32025-Q42026-Q12026-Q2