ENERGY TRANSFER LP (ET) Stock Fundamental Analysis

NYSE:ET • US29273V1008

18.75 USD
+0.49 (+2.68%)
At close: Feb 13, 2026
18.78 USD
+0.03 (+0.16%)
After Hours: 2/13/2026, 8:05:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall ET gets a fundamental rating of 4 out of 10. We evaluated ET against 206 industry peers in the Oil, Gas & Consumable Fuels industry. ET has a medium profitability rating, but doesn't score so well on its financial health evaluation. ET is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ET was profitable.
  • In the past year ET had a positive cash flow from operations.
  • Of the past 5 years ET 4 years were profitable.
  • 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 0 5B 10B

1.2 Ratios

  • ET has a Return On Assets (3.33%) which is comparable to the rest of the industry.
  • ET has a better Return On Equity (12.44%) than 69.90% of its industry peers.
  • ET has a Return On Invested Capital of 6.24%. This is comparable to the rest of the industry: ET outperforms 58.25% of its industry peers.
  • ET had an Average Return On Invested Capital over the past 3 years of 6.53%. This is significantly below the industry average of 21.98%.
Industry RankSector Rank
ROA 3.33%
ROE 12.44%
ROIC 6.24%
ROA(3y)3.55%
ROA(5y)2.97%
ROE(3y)11.69%
ROE(5y)9.63%
ROIC(3y)6.53%
ROIC(5y)6.42%
ET Yearly ROA, ROE, ROICET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

  • Looking at the Profit Margin, with a value of 5.41%, ET is in line with its industry, outperforming 47.09% of the companies in the same industry.
  • ET's Profit Margin has declined in the last couple of years.
  • ET has a Operating Margin of 11.59%. This is comparable to the rest of the industry: ET outperforms 43.69% of its industry peers.
  • In the last couple of years the Operating Margin of ET has declined.
  • ET's Gross Margin of 26.98% is on the low side compared to the rest of the industry. ET is outperformed by 63.11% of its industry peers.
  • ET's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 11.59%
PM (TTM) 5.41%
GM 26.98%
OM growth 3Y-5.26%
OM growth 5Y-3.7%
PM growth 3Y-11.55%
PM growth 5Y-3.89%
GM growth 3Y-0.3%
GM growth 5Y-1.23%
ET Yearly Profit, Operating, Gross MarginsET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

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2

2. Health

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
  • Compared to 5 years ago, ET has more shares outstanding
  • 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 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 20B 40B 60B 80B 100B

2.2 Solvency

  • The Debt to FCF ratio of ET is 12.16, which is on the high side as it means it would take ET, 12.16 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 12.16, ET is in line with its industry, outperforming 51.46% of the companies in the same industry.
  • ET has a Debt/Equity ratio of 1.82. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.82, ET is not doing good in the industry: 76.21% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.82
Debt/FCF 12.16
Altman-Z N/A
ROIC/WACC0.92
WACC6.82%
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 0 20B 40B

2.3 Liquidity

  • ET has a Current Ratio of 1.41. This is a normal value and indicates that ET is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.41, ET is in the better half of the industry, outperforming 61.65% of the companies in the same industry.
  • A Quick Ratio of 1.14 indicates that ET should not have too much problems paying its short term obligations.
  • ET has a Quick ratio (1.14) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.41
Quick Ratio 1.14
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 5B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • ET shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.17%.
  • Measured over the past years, ET shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.95% on average per year.
  • ET shows a decrease in Revenue. In the last year, the revenue decreased by -4.67%.
  • ET shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.81% yearly.
EPS 1Y (TTM)4.17%
EPS 3Y-16.15%
EPS 5Y-3.95%
EPS Q2Q%-12.5%
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y7.04%
Revenue growth 5Y8.81%
Sales Q2Q%-3.94%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.76% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 4.03% on average over the next years.
EPS Next Y25.24%
EPS Next 2Y19.5%
EPS Next 3Y15.69%
EPS Next 5Y15.76%
Revenue Next Year-1.55%
Revenue Next 2Y5.21%
Revenue Next 3Y4.9%
Revenue Next 5Y4.03%

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 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 0 0.5 1 1.5 2

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6

4. Valuation

4.1 Price/Earnings Ratio

  • ET is valuated correctly with a Price/Earnings ratio of 15.00.
  • Compared to the rest of the industry, the Price/Earnings ratio of ET indicates a somewhat cheap valuation: ET is cheaper than 63.59% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ET to the average of the S&P500 Index (26.68), we can say ET is valued slightly cheaper.
  • ET is valuated reasonably with a Price/Forward Earnings ratio of 11.72.
  • ET's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 76.21% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ET to the average of the S&P500 Index (28.06), we can say ET is valued rather cheaply.
Industry RankSector Rank
PE 15
Fwd PE 11.72
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

  • ET's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ET is cheaper than 60.19% of the companies in the same industry.
  • ET's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ET is cheaper than 73.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.41
EV/EBITDA 8.37
ET Per share dataET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ET's earnings are expected to grow with 15.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y19.5%
EPS Next 3Y15.69%

More info and screens

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

6

5. Dividend

5.1 Amount

  • ET has a Yearly Dividend Yield of 7.34%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.57, ET pays a better dividend. On top of this ET pays more dividend than 82.52% of the companies listed in the same industry.
  • ET's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 7.34%

5.2 History

  • The dividend of ET is nicely growing with an annual growth rate of 16.95%!
  • ET has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ET has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.95%
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

  • 108.83% of the earnings are spent on dividend by ET. This is not a sustainable payout ratio.
  • The dividend of ET is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP108.83%
EPS Next 2Y19.5%
EPS Next 3Y15.69%
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 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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ENERGY TRANSFER LP

NYSE:ET (2/13/2026, 8:05:35 PM)

After market: 18.78 +0.03 (+0.16%)

18.75

+0.49 (+2.68%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)02-17
Inst Owners29.47%
Inst Owner ChangeN/A
Ins Owners9.2%
Ins Owner Change2.49%
Market Cap64.38B
Revenue(TTM)79.76B
Net Income(TTM)4.31B
Analysts84.83
Price Target22.05 (17.6%)
Short Float %1.08%
Short Ratio2.19
Dividend
Industry RankSector Rank
Dividend Yield 7.34%
Yearly Dividend1.36
Dividend Growth(5Y)16.95%
DP108.83%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-06
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.08%
Min EPS beat(2)-19.81%
Max EPS beat(2)-8.35%
EPS beat(4)0
Avg EPS beat(4)-13.94%
Min EPS beat(4)-25.18%
Max EPS beat(4)-2.43%
EPS beat(8)1
Avg EPS beat(8)-16.11%
EPS beat(12)1
Avg EPS beat(12)-15.87%
EPS beat(16)4
Avg EPS beat(16)-12.31%
Revenue beat(2)0
Avg Revenue beat(2)-12.33%
Min Revenue beat(2)-14.95%
Max Revenue beat(2)-9.7%
Revenue beat(4)0
Avg Revenue beat(4)-10.93%
Min Revenue beat(4)-14.95%
Max Revenue beat(4)-5.25%
Revenue beat(8)0
Avg Revenue beat(8)-8.64%
Revenue beat(12)0
Avg Revenue beat(12)-9.46%
Revenue beat(16)3
Avg Revenue beat(16)-5.14%
PT rev (1m)0.01%
PT rev (3m)-2.18%
EPS NQ rev (1m)-0.77%
EPS NQ rev (3m)-2.41%
EPS NY rev (1m)-0.13%
EPS NY rev (3m)-2.94%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)7.67%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.87%
Valuation
Industry RankSector Rank
PE 15
Fwd PE 11.72
P/S 0.81
P/FCF 12.41
P/OCF 5.94
P/B 1.86
P/tB 2.56
EV/EBITDA 8.37
EPS(TTM)1.25
EY6.67%
EPS(NY)1.6
Fwd EY8.53%
FCF(TTM)1.51
FCFY8.06%
OCF(TTM)3.16
OCFY16.84%
SpS23.23
BVpS10.1
TBVpS7.31
PEG (NY)0.59
PEG (5Y)N/A
Graham Number16.85
Profitability
Industry RankSector Rank
ROA 3.33%
ROE 12.44%
ROCE 7.9%
ROIC 6.24%
ROICexc 6.44%
ROICexgc 7.03%
OM 11.59%
PM (TTM) 5.41%
GM 26.98%
FCFM 6.51%
ROA(3y)3.55%
ROA(5y)2.97%
ROE(3y)11.69%
ROE(5y)9.63%
ROIC(3y)6.53%
ROIC(5y)6.42%
ROICexc(3y)6.54%
ROICexc(5y)6.44%
ROICexgc(3y)7.2%
ROICexgc(5y)7.08%
ROCE(3y)8.26%
ROCE(5y)8.12%
ROICexgc growth 3Y-4.22%
ROICexgc growth 5Y-0.39%
ROICexc growth 3Y-4.2%
ROICexc growth 5Y0.43%
OM growth 3Y-5.26%
OM growth 5Y-3.7%
PM growth 3Y-11.55%
PM growth 5Y-3.89%
GM growth 3Y-0.3%
GM growth 5Y-1.23%
F-Score5
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 1.82
Debt/FCF 12.16
Debt/EBITDA 4.26
Cap/Depr 101.56%
Cap/Sales 7.09%
Interest Coverage 250
Cash Conversion 73.23%
Profit Quality 120.31%
Current Ratio 1.41
Quick Ratio 1.14
Altman-Z N/A
F-Score5
WACC6.82%
ROIC/WACC0.92
Cap/Depr(3y)77.76%
Cap/Depr(5y)89.34%
Cap/Sales(3y)4.26%
Cap/Sales(5y)6.03%
Profit Quality(3y)161.04%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)4.17%
EPS 3Y-16.15%
EPS 5Y-3.95%
EPS Q2Q%-12.5%
EPS Next Y25.24%
EPS Next 2Y19.5%
EPS Next 3Y15.69%
EPS Next 5Y15.76%
Revenue 1Y (TTM)-4.67%
Revenue growth 3Y7.04%
Revenue growth 5Y8.81%
Sales Q2Q%-3.94%
Revenue Next Year-1.55%
Revenue Next 2Y5.21%
Revenue Next 3Y4.9%
Revenue Next 5Y4.03%
EBIT growth 1Y1.83%
EBIT growth 3Y1.41%
EBIT growth 5Y4.78%
EBIT Next Year62.35%
EBIT Next 3Y22.5%
EBIT Next 5Y14.94%
FCF growth 1Y-17.36%
FCF growth 3Y-4.16%
FCF growth 5Y28.49%
OCF growth 1Y12.96%
OCF growth 3Y1.02%
OCF growth 5Y7.39%

ENERGY TRANSFER LP / ET 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 2 / 10.


Is the dividend of ENERGY TRANSFER LP sustainable?

The dividend rating of ENERGY TRANSFER LP (ET) is 6 / 10 and the dividend payout ratio is 108.83%.