ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

19.19 USD
+0.1 (+0.52%)
At close:
19.1998 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

  • In the past year ET was profitable.
  • ET had a positive operating cash flow in the past year.
  • In the past 5 years ET has always been 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 2025 0 5B 10B

1.2 Ratios

  • ET's Return On Assets of 2.95% is in line compared to the rest of the industry. ET outperforms 48.33% of its industry peers.
  • With a decent Return On Equity value of 12.14%, ET is doing good in the industry, outperforming 68.42% of the companies in the same industry.
  • With a Return On Invested Capital value of 5.82%, ET perfoms like the industry average, outperforming 51.67% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ET is significantly below the industry average of 23.10%.
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.
  • With a Operating Margin value of 10.89%, ET perfoms like the industry average, outperforming 44.50% 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: 61.72% 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.
  • ET has more shares outstanding than it did 1 year ago.
  • 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 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's Debt to FCF ratio of 17.77 is in line compared to the rest of the industry. ET outperforms 47.85% of its industry peers.
  • 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 RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.9
WACC6.45%
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 comparable to the rest of the industry.
  • 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 (0.90) which is in line with 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

  • The Earnings Per Share has grown by an nice 8.04% over the past year.
  • 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.
  • 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

  • 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 Year20.81%
Revenue Next 2Y12.39%
Revenue Next 3Y9.69%
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

  • With a Price/Earnings ratio of 15.86, ET is valued correctly.
  • 64.11% of the companies in the same industry are more expensive than ET, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 26.78. ET is valued slightly cheaper when compared to this.
  • ET is valuated reasonably with a Price/Forward Earnings ratio of 11.76.
  • 81.34% of the companies in the same industry are more expensive than ET, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. ET is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.86
Fwd PE 11.76
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

  • 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 the industry average as 63.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 17.17
EV/EBITDA 8.85
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.
  • A more expensive valuation may be justified as ET's earnings are expected to grow with 14.30% in the coming years.
PEG (NY)0.45
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

  • ET has a Yearly Dividend Yield of 7.02%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.24, ET pays a better dividend. On top of this ET pays more dividend than 83.25% 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 1.83.
Industry RankSector Rank
Dividend Yield 7.02%

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

  • 113.23% of the earnings are spent on dividend by ET. This is not a sustainable payout ratio.
  • ET's earnings are growing more than its dividend. This makes the dividend growth 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 (4/10/2026, 8:19:35 PM)

After market: 19.1998 +0.01 (+0.05%)

19.19

+0.1 (+0.52%)

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%
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap66.02B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.67
Price Target22.65 (18.03%)
Short Float %1.02%
Short Ratio1.98
Dividend
Industry RankSector Rank
Dividend Yield 7.02%
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)1.64%
PT rev (3m)2.48%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)1.85%
EPS NY rev (1m)2.07%
EPS NY rev (3m)0.81%
Revenue NQ rev (1m)2.63%
Revenue NQ rev (3m)5.5%
Revenue NY rev (1m)5.76%
Revenue NY rev (3m)7.48%
Valuation
Industry RankSector Rank
PE 15.86
Fwd PE 11.76
P/S 0.77
P/FCF 17.17
P/OCF 6.51
P/B 1.92
P/tB 3.07
EV/EBITDA 8.85
EPS(TTM)1.21
EY6.31%
EPS(NY)1.63
Fwd EY8.51%
FCF(TTM)1.12
FCFY5.83%
OCF(TTM)2.95
OCFY15.37%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.45
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
WACC6.45%
ROIC/WACC0.9
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 Year20.81%
Revenue Next 2Y12.39%
Revenue Next 3Y9.69%
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.


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 34.92% in the next year.