ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

18.74 USD
-0.01 (-0.05%)
At close:
18.75 USD
+0.01 (+0.05%)
After Hours:

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

  • Looking at the Return On Assets, with a value of 2.95%, ET is in line with its industry, outperforming 48.31% of the companies in the same industry.
  • ET's Return On Equity of 12.14% is fine compared to the rest of the industry. ET outperforms 67.63% of its industry peers.
  • ET has a Return On Invested Capital (5.82%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ET is significantly below the industry average of 22.51%.
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

  • ET has a Profit Margin (4.88%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ET has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 10.89%, ET is in line with its industry, outperforming 43.96% of the companies in the same industry.
  • ET's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 25.77%, ET is not doing good in the industry: 62.80% 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ET is destroying value.
  • Compared to 1 year ago, ET has more shares outstanding
  • 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

  • ET has a debt to FCF ratio of 17.77. This is a negative value and a sign of low solvency as ET would need 17.77 years to pay back of 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's Debt to Equity ratio of 1.99 is on the low side compared to the rest of the industry. ET is outperformed by 78.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.91
WACC6.4%
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's Current ratio of 1.22 is in line compared to the rest of the industry. ET outperforms 54.59% of its industry peers.
  • ET has a Quick Ratio of 1.22. This is a bad value and indicates that ET is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ET's Quick ratio of 0.90 is in line compared to the rest of the industry. ET outperforms 44.93% of its industry peers.
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.
  • ET shows a small growth in Revenue. In the last year, the Revenue has grown by 3.47%.
  • Measured over the past years, ET shows a quite strong growth in Revenue. The Revenue has been growing by 17.04% on average per year.
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

  • Based on estimates for the next years, ET will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.07% on average per year.
  • Based on estimates for the next years, ET will show a small growth in Revenue. The Revenue will grow by 5.83% on average per year.
EPS Next Y34.92%
EPS Next 2Y19.88%
EPS Next 3Y14.3%
EPS Next 5Y15.07%
Revenue Next Year16.14%
Revenue Next 2Y10.36%
Revenue Next 3Y7.95%
Revenue Next 5Y5.83%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

  • Based on the Price/Earnings ratio of 15.49, the valuation of ET can be described as correct.
  • Based on the Price/Earnings ratio, ET is valued a bit cheaper than 62.80% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. ET is valued slightly cheaper when compared to this.
  • ET is valuated reasonably with a Price/Forward Earnings ratio of 11.48.
  • 82.13% of the companies in the same industry are more expensive than ET, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of ET to the average of the S&P500 Index (23.83), we can say ET is valued rather cheaply.
Industry RankSector Rank
PE 15.49
Fwd PE 11.48
ET Price Earnings VS Forward Price EarningsET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • ET's Enterprise Value to EBITDA is on the same level as the industry average.
  • ET's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ET is cheaper than 65.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.76
EV/EBITDA 8.77
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 14.30% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y19.88%
EPS Next 3Y14.3%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. ET Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 7.22%, ET is a good candidate for dividend investing.
  • ET's Dividend Yield is rather good when compared to the industry average which is at 3.47. ET pays more dividend than 81.64% of the companies in the same industry.
  • ET's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 7.22%

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 Years3
Div Non Decr Years3
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

  • 113.23% of the earnings are spent on dividend by ET. 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 2Y19.88%
EPS Next 3Y14.3%
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 (3/16/2026, 5:28:35 PM)

After market: 18.75 +0.01 (+0.05%)

18.74

-0.01 (-0.05%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-04
Inst Owners28.9%
Inst Owner ChangeN/A
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap64.47B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.83
Price Target22.23 (18.62%)
Short Float %0.93%
Short Ratio1.8
Dividend
Industry RankSector Rank
Dividend Yield 7.22%
Yearly Dividend1.38
Dividend Growth(5Y)5.4%
DP113.23%
Div Incr Years3
Div Non Decr Years3
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)0.81%
PT rev (3m)0.92%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)0.6%
EPS NY rev (1m)2.07%
EPS NY rev (3m)2.63%
Revenue NQ rev (1m)3.88%
Revenue NQ rev (3m)-2.28%
Revenue NY rev (1m)3.85%
Revenue NY rev (3m)5.2%
Valuation
Industry RankSector Rank
PE 15.49
Fwd PE 11.48
P/S 0.75
P/FCF 16.76
P/OCF 6.35
P/B 1.88
P/tB 3
EV/EBITDA 8.77
EPS(TTM)1.21
EY6.46%
EPS(NY)1.63
Fwd EY8.71%
FCF(TTM)1.12
FCFY5.97%
OCF(TTM)2.95
OCFY15.74%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.44
PEG (5Y)N/A
Graham Number16.49
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
WACC6.4%
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 Y34.92%
EPS Next 2Y19.88%
EPS Next 3Y14.3%
EPS Next 5Y15.07%
Revenue 1Y (TTM)3.47%
Revenue growth 3Y-1.64%
Revenue growth 5Y17.04%
Sales Q2Q%29.57%
Revenue Next Year16.14%
Revenue Next 2Y10.36%
Revenue Next 3Y7.95%
Revenue Next 5Y5.83%
EBIT growth 1Y1.33%
EBIT growth 3Y4.65%
EBIT growth 5Y9.71%
EBIT Next Year87.69%
EBIT Next 3Y26.68%
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.


What is the profitability of ET stock?

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


Can you provide the financial health for ET stock?

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


Is the dividend of ENERGY TRANSFER LP sustainable?

The dividend rating of ENERGY TRANSFER LP (ET) is 7 / 10 and the dividend payout ratio is 113.23%.