ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation
NYSE:ET • US29273V1008
Current stock price
18.91 USD
+0.05 (+0.27%)
At close:
18.91 USD
0 (0%)
Pre-Market:
This ET fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ET Profitability Analysis
1.1 Basic Checks
- ET had positive earnings in the past year.
- In the past year ET had a positive cash flow from operations.
- ET had positive earnings in each of the past 5 years.
- ET had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ET has a Return On Assets of 2.95%. This is comparable to the rest of the industry: ET outperforms 47.85% of its industry peers.
- Looking at the Return On Equity, with a value of 12.14%, ET is in the better half of 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.
- Measured over the past 3 years, the Average Return On Invested Capital for ET is significantly below the industry average of 22.74%.
| Industry Rank | Sector 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%
1.3 Margins
- With a Profit Margin value of 4.88%, ET perfoms like the industry average, outperforming 46.41% of the companies in the same industry.
- In the last couple of years the Profit Margin of ET has remained more or less at the same level.
- ET has a Operating Margin (10.89%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of ET has declined.
- ET's Gross Margin of 25.77% is on the low side compared to the rest of the industry. ET is outperformed by 62.20% of its industry peers.
- In the last couple of years the Gross Margin of ET has declined.
| Industry Rank | Sector 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%
2. ET Health Analysis
2.1 Basic Checks
- ET has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
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.
- Looking at the Debt to FCF ratio, with a value of 17.77, ET is in line with its industry, outperforming 48.33% of the companies in the same industry.
- ET has a Debt/Equity ratio of 1.99. This is a high value indicating a heavy dependency on external financing.
- ET has a worse Debt to Equity ratio (1.99) than 77.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 17.77 | ||
| Altman-Z | N/A |
ROIC/WACC0.91
WACC6.41%
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.
- 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 has a Quick ratio of 0.90. This is comparable to the rest of the industry: ET outperforms 45.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 0.9 |
3. ET Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 8.04% over the past year.
- Measured over the past years, ET shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.52% on average per year.
- ET shows a small growth in Revenue. In the last year, the Revenue has grown by 3.47%.
- ET shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.04% yearly.
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
- ET is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.07% yearly.
- ET is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.83% yearly.
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.
4. ET Valuation Analysis
4.1 Price/Earnings Ratio
- ET is valuated correctly with a Price/Earnings ratio of 15.63.
- ET's Price/Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 62.20% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.95. ET is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 11.50, which indicates a very decent valuation of ET.
- ET's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 74.64% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 38.68. ET is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 11.5 |
4.2 Price Multiples
- ET's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, ET is valued a bit cheaper than the industry average as 62.68% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.92 | ||
| EV/EBITDA | 8.81 |
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)0.43
PEG (5Y)N/A
EPS Next 2Y21.17%
EPS Next 3Y14.91%
5. ET Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.10%, ET is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.26, ET pays a better dividend. On top of this ET pays more dividend than 84.21% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, ET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.1% |
5.2 History
- The dividend of ET has a limited annual growth rate of 5.40%.
- 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)5.4%
Div Incr Years4
Div Non Decr Years4
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 Fundamentals: All Metrics, Ratios and Statistics
18.91
+0.05 (+0.27%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17 2026-02-17/bmo
Earnings (Next)05-05 2026-05-05
Inst Owners28.9%
Inst Owner Change0.01%
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap65.06B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.67
Price Target22.65 (19.78%)
Short Float %1%
Short Ratio1.84
Dividend
| Industry Rank | Sector 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 2026-02-06 (0.335)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 11.5 | ||
| P/S | 0.76 | ||
| P/FCF | 16.92 | ||
| P/OCF | 6.41 | ||
| P/B | 1.89 | ||
| P/tB | 3.03 | ||
| EV/EBITDA | 8.81 |
EPS(TTM)1.21
EY6.4%
EPS(NY)1.64
Fwd EY8.7%
FCF(TTM)1.12
FCFY5.91%
OCF(TTM)2.95
OCFY15.6%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.43
PEG (5Y)N/A
Graham Number16.4911 (-12.79%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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.