
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Energy Transfer LP (ET)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: ET (3-star) is a STRONG-BUY. BUY since 68 days. Profits (0.63%). Updated daily EoD!
1 Year Target Price $22.58
1 Year Target Price $22.58
10 | Strong Buy |
6 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 45.76% | Avg. Invested days 89 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 60.62B USD | Price to earnings Ratio 13.69 | 1Y Target Price 22.58 |
Price to earnings Ratio 13.69 | 1Y Target Price 22.58 | ||
Volume (30-day avg) 17 | Beta 0.79 | 52 Weeks Range 14.06 - 20.32 | Updated Date 08/28/2025 |
52 Weeks Range 14.06 - 20.32 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 7.43% | Basic EPS (TTM) 1.29 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-08-06 | When - | Estimate 0.34 | Actual 0.32 |
Profitability
Profit Margin 5.89% | Operating Margin (TTM) 12.02% |
Management Effectiveness
Return on Assets (TTM) 4.7% | Return on Equity (TTM) 13.21% |
Valuation
Trailing PE 13.69 | Forward PE 11.52 | Enterprise Value 121955155837 | Price to Sales(TTM) 0.75 |
Enterprise Value 121955155837 | Price to Sales(TTM) 0.75 | ||
Enterprise Value to Revenue 1.51 | Enterprise Value to EBITDA 8.02 | Shares Outstanding 3432679936 | Shares Floating 3087456749 |
Shares Outstanding 3432679936 | Shares Floating 3087456749 | ||
Percent Insiders 10.1 | Percent Institutions 31.82 |
Upturn AI SWOT
Energy Transfer LP

Company Overview
History and Background
Energy Transfer LP (ET) was founded in 1996. Initially focused on natural gas pipelines in Texas, it has grown through acquisitions and expansions into a diversified energy company with operations across the United States. Key milestones include the acquisition of Heritage Propane in 2004, Southern Union Company in 2012, and Sunoco in 2012.
Core Business Areas
- Intrastate Transportation and Storage: Involves natural gas gathering, processing, treating, compression, transportation, and storage operations that provide services to producers, marketers, and end users within the state of Texas.
- Interstate Transportation and Storage: Consists of natural gas transportation and storage assets that transport natural gas between states.
- Crude Oil Transportation and Services: Includes crude oil pipelines, storage facilities, and terminals.
- NGL and Refined Products Transportation and Services: Consists of NGL and refined products pipelines, storage facilities, and terminals.
- Petrochemical Transportation and Services: Refers to refined products pipelines that transport products to international exports and some domestic deliveries.
- Investment in USAC: USAC is an equity investee that is involved in natural gas compression services.
- Other: Includes various investments, including its Lake Charles LNG project and marketing operations.
Leadership and Structure
Kelcy Warren is the Executive Chairman. The organizational structure includes various executive vice presidents overseeing different business segments, reporting to the CEO.
Top Products and Market Share
Key Offerings
- Natural Gas Transportation: Energy Transfer transports natural gas through its extensive pipeline network. Market share data is difficult to pinpoint precisely, but Energy Transfer is a major player in this space. Competitors include Kinder Morgan (KMI), Williams Companies (WMB), and Enbridge (ENB).
- Crude Oil Transportation: Energy Transfer transports crude oil through its pipelines. Market share is also substantial, competing with companies like Plains All American Pipeline (PAA) and Enterprise Products Partners (EPD).
- NGL Transportation: Energy Transfer transports NGLs, including propane and butane. Competitors include Enterprise Products Partners (EPD) and ONEOK (OKE).
Market Dynamics
Industry Overview
The midstream energy sector is crucial for transporting and storing oil, natural gas, and natural gas liquids. The industry is affected by commodity prices, production levels, and regulatory changes. There is increasing scrutiny on environmental impact and sustainability.
Positioning
Energy Transfer LP is one of the largest and most diversified midstream energy companies in the United States. Its competitive advantage lies in its extensive network of pipelines and storage facilities, providing connectivity to various supply basins and demand markets.
Total Addressable Market (TAM)
The total addressable market for midstream energy infrastructure is estimated to be in the hundreds of billions of dollars. Energy Transfer LP is positioned well to capture a significant portion of this TAM due to its scale and strategic asset base.
Upturn SWOT Analysis
Strengths
- Large, diversified asset base
- Strategic geographic footprint
- Strong relationships with producers and customers
- Experienced management team
- High barriers to entry in the midstream sector
Weaknesses
- High debt levels
- Exposure to commodity price fluctuations
- Operational incidents can cause environmental issues and harm reputation
- Complex organizational structure
Opportunities
- Growing demand for natural gas and NGLs
- Expansion of infrastructure to support shale production
- Acquisitions of smaller midstream companies
- Development of new projects, such as LNG export facilities
Threats
- Increased regulatory scrutiny
- Environmental activism and opposition to pipeline projects
- Competition from other midstream companies
- Economic downturns can reduce demand for energy
- Changes in energy policy
Competitors and Market Share
Key Competitors
- Kinder Morgan (KMI)
- Enterprise Products Partners (EPD)
- Williams Companies (WMB)
Competitive Landscape
Energy Transfer LP has a competitive advantage due to its large, diversified asset base and strategic geographic footprint. However, it faces competition from other large midstream companies with similar capabilities.
Major Acquisitions
Enable Midstream Partners
- Year: 2021
- Acquisition Price (USD millions): 7200
- Strategic Rationale: Expanded Energy Transfer's footprint in the mid-continent region and enhanced its natural gas gathering and processing capabilities.
Growth Trajectory and Initiatives
Historical Growth: ET has grown through acquisitions and organic expansions. Revenue and asset base has had a steady increase.
Future Projections: Analysts project continued growth in revenue and earnings, driven by increasing demand for natural gas and NGLs, and the company's expansion projects.
Recent Initiatives: Recent initiatives include investments in new pipeline projects, expansion of existing facilities, and development of LNG export capacity.
Summary
Energy Transfer LP is a large and diversified midstream energy company with a significant presence in the United States. Its strengths lie in its extensive asset base and strategic location. However, its high debt levels and exposure to commodity price fluctuations are weaknesses. Future growth depends on its ability to capitalize on increasing demand for natural gas and NGLs while managing regulatory and environmental challenges.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Energy Transfer LP
Exchange NYSE | Headquaters Dallas, TX, United States | ||
IPO Launch date 2006-02-03 | Co-CEO & Director of LE GP, LLC Mr. Marshall S. McCrea III | ||
Sector Energy | Industry Oil & Gas Midstream | Full time employees 16248 | Website https://energytransfer.com |
Full time employees 16248 | Website https://energytransfer.com |
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments. The company owns and operates natural gas transportation pipelines and storage facilities; and approximately 12,200 miles of intrastate natural gas transportation pipelines and 20,090 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plants, and treating and conditioning facilities; and natural gas gathering, oil pipeline, and oil stabilization facilities. Further, it owns 5,700 miles of NGL pipelines; NGL fractionation and storage facilities; and other NGL storage assets and terminals. Additionally, the company provides crude oil transportation, terminalling, acquisition, and marketing activities; owns and operates approximately 17,950 miles of crude oil trunk and gathering pipelines; and sells and distributes motor fuels and other petroleum products under the Sunoco and EcoMaxx brands. It also offers natural gas compression; wholesale power trading; and carbon dioxide and hydrogen sulfide removal services, as well as manages coal and natural resources properties; sells standing timber; leases coal-related infrastructure facilities; and collects oil and gas royalties. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.