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Energy Transfer LP (ET)



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Upturn Advisory Summary
09/16/2025: ET (3-star) is a REGULAR-BUY. BUY since 80 days. Simulated Profits (0.17%). Updated daily EoD!
1 Year Target Price $22.55
1 Year Target Price $22.55
10 | Strong Buy |
6 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 45.1% | Avg. Invested days 91 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 60.21B USD | Price to earnings Ratio 13.49 | 1Y Target Price 22.55 |
Price to earnings Ratio 13.49 | 1Y Target Price 22.55 | ||
Volume (30-day avg) 17 | Beta 0.83 | 52 Weeks Range 14.06 - 20.32 | Updated Date 09/15/2025 |
52 Weeks Range 14.06 - 20.32 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 7.48% | Basic EPS (TTM) 1.3 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 13.49 | Forward PE 10.04 | Enterprise Value 121234292715 | Price to Sales(TTM) 0.75 |
Enterprise Value 121234292715 | Price to Sales(TTM) 0.75 | ||
Enterprise Value to Revenue 1.5 | Enterprise Value to EBITDA 8 | Shares Outstanding 3432679936 | Shares Floating 3087456749 |
Shares Outstanding 3432679936 | Shares Floating 3087456749 | ||
Percent Insiders 10.1 | Percent Institutions 31.84 |
Upturn AI SWOT
Energy Transfer LP

Company Overview
History and Background
Energy Transfer LP (ET) was founded in 1996. Originally focused on natural gas pipelines in Texas, it has grown through acquisitions and organic development into one of the largest and most diversified energy infrastructure companies in North America.
Core Business Areas
- Intrastate Transportation and Storage: Transports natural gas within Texas through a network of pipelines and storage facilities.
- Interstate Transportation and Storage: Transports natural gas across state lines through major pipelines. It includes the transportations, storage and sales of natural gas, and NGLs.
- Crude Oil Transportation and Services: Transports crude oil through pipelines and provides services such as storage and terminalling.
- NGL and Refined Products Transportation and Services: Transports NGLs (natural gas liquids) and refined petroleum products through pipelines and provides related services.
- Investment in Sunoco LP: ET owns the general partner and a significant equity stake in Sunoco LP, a retail gasoline and convenience store operator.
- Midstream: Gas gathering and processing segments.
- Renewables: Energy Transfer ventures into renewable resources.
Leadership and Structure
Energy Transfer LP is led by its CEO, Marshall S. McCrea III. The company operates as a master limited partnership (MLP) with a general partner (Energy Transfer Operating, L.P.) responsible for managing the business.
Top Products and Market Share
Key Offerings
- Natural Gas Transportation: Transports natural gas through a vast pipeline network. Market share is difficult to pinpoint precisely, but ET is a major player, competing with Kinder Morgan (KMI), Williams Companies (WMB), and Enbridge (ENB). Revenue generated by this product segment is a significant portion of the company's income.
- Crude Oil Transportation: Transports crude oil through pipelines. Competitors include Plains All American Pipeline (PAA) and Magellan Midstream Partners (MMP). Market share is also difficult to define concretely.
- NGL Transportation and Fractionation: Transports and processes NGLs. Enterprise Products Partners (EPD) is a major competitor. Generates substantial revenue.
Market Dynamics
Industry Overview
The midstream energy industry is focused on the transportation, storage, and processing of oil and gas. It is influenced by energy prices, production levels, and regulatory policies.
Positioning
Energy Transfer LP is a significant player in the midstream energy sector with a geographically diverse asset base. Its competitive advantage lies in its scale and integrated network.
Total Addressable Market (TAM)
The global midstream oil and gas market is estimated to be worth hundreds of billions of dollars. Energy Transfer LP is well-positioned to capture a significant portion of this market, given its extensive infrastructure and strategic locations.
Upturn SWOT Analysis
Strengths
- Large and diversified asset base
- Strategic geographic footprint
- Integrated network of pipelines and storage facilities
- Strong relationships with producers and customers
- Significant cash flow generation
Weaknesses
- High debt levels
- Exposure to commodity price volatility
- Regulatory and environmental challenges
- Past controversies and safety incidents
- MLP structure complexity
Opportunities
- Growing demand for natural gas and NGLs
- Expansion of renewable energy infrastructure
- Acquisition opportunities
- Development of new pipeline projects
- Increased exports of LNG and NGLs
Threats
- Declining oil prices
- Increased regulatory scrutiny
- Competition from other midstream companies
- Environmental opposition to pipeline projects
- Changes in energy policy
Competitors and Market Share
Key Competitors
- KMI
- EPD
- WMB
- MPLX
- ENB
Competitive Landscape
Energy Transfer LP's advantages include its scale and diversified asset base. Disadvantages include high debt levels and regulatory scrutiny. Competitors such as Kinder Morgan and Enterprise Products Partners have different strengths and weaknesses in specific regions and business segments.
Major Acquisitions
Enable Midstream Partners
- Year: 2021
- Acquisition Price (USD millions): 7200
- Strategic Rationale: Expanded Energy Transfer LP's natural gas transportation and storage footprint, particularly in the Mid-Continent region.
Growth Trajectory and Initiatives
Historical Growth: Energy Transfer LP has grown significantly through acquisitions and organic projects. Historical growth has been substantial but uneven.
Future Projections: Future growth is expected to be driven by increasing demand for natural gas and NGLs and further infrastructure development. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include expanding existing pipeline capacity, developing new export facilities, and investing in renewable energy projects.
Summary
Energy Transfer LP is a major player in the midstream energy sector with a vast asset base, but it faces challenges due to high debt and regulatory pressures. Its strengths lie in its scale and diversification, while its weaknesses are related to financial leverage and environmental concerns. Future success hinges on capitalizing on growing energy demand and managing regulatory hurdles. Energy Transfer needs to be aware of future scrutiny.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q), Industry Reports, Analyst Estimates
- Company Investor Relations Materials
- Yahoo Finance
- Google Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Data is based on publicly available information and may be subject to change.
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.

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