ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

18.97 USD
+0.06 (+0.32%)
Last:

This ET fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ET Profitability Analysis

1.1 Basic Checks

  • ET had positive earnings in the past year.
  • ET had a positive operating cash flow in the past year.
  • ET had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ET had a positive operating cash flow.
ET Yearly Net Income VS EBIT VS OCF VS FCFET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

1.2 Ratios

  • The Return On Assets of ET (2.95%) is comparable to the rest of the industry.
  • With a decent Return On Equity value of 12.14%, ET is doing good in the industry, outperforming 67.94% of the companies in the same industry.
  • ET has a Return On Invested Capital of 5.82%. This is comparable to the rest of the industry: ET outperforms 51.67% of its industry peers.
  • ET had an Average Return On Invested Capital over the past 3 years of 6.22%. This is significantly below the industry average of 22.74%.
Industry RankSector Rank
ROA 2.95%
ROE 12.14%
ROIC 5.82%
ROA(3y)3.17%
ROA(5y)3.7%
ROE(3y)11.37%
ROE(5y)12.75%
ROIC(3y)6.22%
ROIC(5y)6.55%
ET Yearly ROA, ROE, ROICET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60

1.3 Margins

  • The Profit Margin of ET (4.88%) is comparable to the rest of the industry.
  • ET's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of ET (10.89%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ET has declined.
  • With a Gross Margin value of 25.77%, ET is not doing good in the industry: 62.20% of the companies in the same industry are doing better.
  • ET's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.89%
PM (TTM) 4.88%
GM 25.77%
OM growth 3Y6.4%
OM growth 5Y-6.26%
PM growth 3Y0.42%
PM growth 5YN/A
GM growth 3Y9.48%
GM growth 5Y-5.73%
ET Yearly Profit, Operating, Gross MarginsET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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1

2. ET Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ET is destroying value.
  • The number of shares outstanding for ET has been increased compared to 1 year ago.
  • The number of shares outstanding for ET has been increased compared to 5 years ago.
  • The debt/assets ratio for ET is higher compared to a year ago.
ET Yearly Shares OutstandingET Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
ET Yearly Total Debt VS Total AssetsET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B

2.2 Solvency

  • The Debt to FCF ratio of ET is 17.77, which is on the high side as it means it would take ET, 17.77 years of fcf income to pay off all of its debts.
  • ET has a Debt to FCF ratio (17.77) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.99 is on the high side and indicates that ET has dependencies on debt financing.
  • ET has a worse Debt to Equity ratio (1.99) than 77.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.91
WACC6.41%
ET Yearly LT Debt VS Equity VS FCFET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

2.3 Liquidity

  • ET has a Current Ratio of 1.22. This is a normal value and indicates that ET is financially healthy and should not expect problems in meeting its short term obligations.
  • ET has a Current ratio (1.22) which is in line with its industry peers.
  • A Quick Ratio of 0.90 indicates that ET may have some problems paying its short term obligations.
  • The Quick ratio of ET (0.90) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.22
Quick Ratio 0.9
ET Yearly Current Assets VS Current LiabilitesET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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5

3. ET Growth Analysis

3.1 Past

  • ET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.04%, which is quite good.
  • ET shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.52% yearly.
  • The Revenue has been growing slightly by 3.47% in the past year.
  • The Revenue has been growing by 17.04% on average over the past years. This is quite good.
EPS 1Y (TTM)8.04%
EPS 3Y-4.52%
EPS 5YN/A
EPS Q2Q%-13.79%
Revenue 1Y (TTM)3.47%
Revenue growth 3Y-1.64%
Revenue growth 5Y17.04%
Sales Q2Q%29.57%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.07% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.83% on average over the next years.
EPS Next Y35.95%
EPS Next 2Y21.17%
EPS Next 3Y14.91%
EPS Next 5Y15.07%
Revenue Next Year20.79%
Revenue Next 2Y12.41%
Revenue Next 3Y9.73%
Revenue Next 5Y5.83%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ET Yearly Revenue VS EstimatesET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 20B 40B 60B 80B 100B
ET Yearly EPS VS EstimatesET Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5 2

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6

4. ET Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.68, which indicates a correct valuation of ET.
  • Based on the Price/Earnings ratio, ET is valued a bit cheaper than 62.20% of the companies in the same industry.
  • ET's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.95.
  • With a Price/Forward Earnings ratio of 11.53, the valuation of ET can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ET indicates a somewhat cheap valuation: ET is cheaper than 74.64% of the companies listed in the same industry.
  • ET's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.68.
Industry RankSector Rank
PE 15.68
Fwd PE 11.53
ET Price Earnings VS Forward Price EarningsET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ET.
  • Based on the Price/Free Cash Flow ratio, ET is valued a bit cheaper than 62.68% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.97
EV/EBITDA 8.81
ET Per share dataET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • ET's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ET's earnings are expected to grow with 14.91% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y21.17%
EPS Next 3Y14.91%

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7

5. ET Dividend Analysis

5.1 Amount

  • ET has a Yearly Dividend Yield of 7.10%, which is a nice return.
  • ET's Dividend Yield is rather good when compared to the industry average which is at 3.26. ET pays more dividend than 84.21% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, ET pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.1%

5.2 History

  • The dividend of ET has a limited annual growth rate of 5.40%.
  • ET has paid a dividend for at least 10 years, which is a reliable track record.
  • ET has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.4%
Div Incr Years4
Div Non Decr Years4
ET Yearly Dividends per shareET Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • ET pays out 113.23% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ET is growing, but earnings are growing more, so the dividend growth is sustainable.
DP113.23%
EPS Next 2Y21.17%
EPS Next 3Y14.91%
ET Yearly Income VS Free CF VS DividendET Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B 8B
ET Dividend Payout.ET Dividend Payout, showing the Payout Ratio.ET Dividend Payout.PayoutRetained Earnings

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ET Fundamentals: All Metrics, Ratios and Statistics

ENERGY TRANSFER LP

NYSE:ET (4/21/2026, 2:57:06 PM)

18.97

+0.06 (+0.32%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-05
Inst Owners28.9%
Inst Owner Change0.01%
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap65.26B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.67
Price Target22.65 (19.4%)
Short Float %1%
Short Ratio1.84
Dividend
Industry RankSector Rank
Dividend Yield 7.1%
Yearly Dividend1.38
Dividend Growth(5Y)5.4%
DP113.23%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-06
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.95%
Min EPS beat(2)-34.09%
Max EPS beat(2)-19.81%
EPS beat(4)0
Avg EPS beat(4)-16.17%
Min EPS beat(4)-34.09%
Max EPS beat(4)-2.43%
EPS beat(8)0
Avg EPS beat(8)-20.78%
EPS beat(12)1
Avg EPS beat(12)-17.55%
EPS beat(16)3
Avg EPS beat(16)-14.46%
Revenue beat(2)1
Avg Revenue beat(2)-3.84%
Min Revenue beat(2)-9.7%
Max Revenue beat(2)2.03%
Revenue beat(4)1
Avg Revenue beat(4)-6.97%
Min Revenue beat(4)-14.95%
Max Revenue beat(4)2.03%
Revenue beat(8)1
Avg Revenue beat(8)-7.5%
Revenue beat(12)1
Avg Revenue beat(12)-7.92%
Revenue beat(16)3
Avg Revenue beat(16)-5.58%
PT rev (1m)1.88%
PT rev (3m)3.3%
EPS NQ rev (1m)3.18%
EPS NQ rev (3m)4.7%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.48%
Revenue NQ rev (1m)-0.89%
Revenue NQ rev (3m)5.23%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)8.02%
Valuation
Industry RankSector Rank
PE 15.68
Fwd PE 11.53
P/S 0.76
P/FCF 16.97
P/OCF 6.43
P/B 1.9
P/tB 3.04
EV/EBITDA 8.81
EPS(TTM)1.21
EY6.38%
EPS(NY)1.64
Fwd EY8.67%
FCF(TTM)1.12
FCFY5.89%
OCF(TTM)2.95
OCFY15.55%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.44
PEG (5Y)N/A
Graham Number16.4911 (-13.07%)
Profitability
Industry RankSector Rank
ROA 2.95%
ROE 12.14%
ROCE 7.37%
ROIC 5.82%
ROICexc 5.88%
ROICexgc 6.56%
OM 10.89%
PM (TTM) 4.88%
GM 25.77%
FCFM 4.5%
ROA(3y)3.17%
ROA(5y)3.7%
ROE(3y)11.37%
ROE(5y)12.75%
ROIC(3y)6.22%
ROIC(5y)6.55%
ROICexc(3y)6.25%
ROICexc(5y)6.57%
ROICexgc(3y)6.92%
ROICexgc(5y)7.24%
ROCE(3y)7.88%
ROCE(5y)8.29%
ROICexgc growth 3Y-3.83%
ROICexgc growth 5Y2.72%
ROICexc growth 3Y-4.5%
ROICexc growth 5Y2.46%
OM growth 3Y6.4%
OM growth 5Y-6.26%
PM growth 3Y0.42%
PM growth 5YN/A
GM growth 3Y9.48%
GM growth 5Y-5.73%
F-Score5
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Debt/EBITDA 4.56
Cap/Depr 110.93%
Cap/Sales 7.37%
Interest Coverage 2.97
Cash Conversion 67.69%
Profit Quality 92.16%
Current Ratio 1.22
Quick Ratio 0.9
Altman-Z N/A
F-Score5
WACC6.41%
ROIC/WACC0.91
Cap/Depr(3y)87.67%
Cap/Depr(5y)83.63%
Cap/Sales(3y)5.46%
Cap/Sales(5y)4.87%
Profit Quality(3y)148.12%
Profit Quality(5y)147.27%
High Growth Momentum
Growth
EPS 1Y (TTM)8.04%
EPS 3Y-4.52%
EPS 5YN/A
EPS Q2Q%-13.79%
EPS Next Y35.95%
EPS Next 2Y21.17%
EPS Next 3Y14.91%
EPS Next 5Y15.07%
Revenue 1Y (TTM)3.47%
Revenue growth 3Y-1.64%
Revenue growth 5Y17.04%
Sales Q2Q%29.57%
Revenue Next Year20.79%
Revenue Next 2Y12.41%
Revenue Next 3Y9.73%
Revenue Next 5Y5.83%
EBIT growth 1Y1.33%
EBIT growth 3Y4.65%
EBIT growth 5Y9.71%
EBIT Next Year88.34%
EBIT Next 3Y26.64%
EBIT Next 5Y17.84%
FCF growth 1Y-47.62%
FCF growth 3Y-12.14%
FCF growth 5Y11.51%
OCF growth 1Y-11.79%
OCF growth 3Y3.89%
OCF growth 5Y6.63%

ENERGY TRANSFER LP / ET Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ENERGY TRANSFER LP (ET) stock?

ChartMill assigns a fundamental rating of 4 / 10 to ET.


Can you provide the valuation status for ENERGY TRANSFER LP?

ChartMill assigns a valuation rating of 6 / 10 to ENERGY TRANSFER LP (ET). This can be considered as Fairly Valued.


Can you provide the profitability details for ENERGY TRANSFER LP?

ENERGY TRANSFER LP (ET) has a profitability rating of 4 / 10.


How financially healthy is ENERGY TRANSFER LP?

The financial health rating of ENERGY TRANSFER LP (ET) is 1 / 10.


What is the earnings growth outlook for ENERGY TRANSFER LP?

The Earnings per Share (EPS) of ENERGY TRANSFER LP (ET) is expected to grow by 35.95% in the next year.