ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation
NYSE:ET • US29273V1008
Current stock price
18.93 USD
-0.09 (-0.47%)
At close:
18.9474 USD
+0.02 (+0.09%)
After Hours:
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.
- 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.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.95%, ET is in line with its industry, outperforming 48.33% 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 68.42% of its industry peers.
- The Return On Invested Capital of ET (5.82%) 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 23.14%.
| 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
- ET has a Profit Margin of 4.88%. This is comparable to the rest of the industry: ET outperforms 46.41% of its industry peers.
- In the last couple of years the Profit Margin of ET has remained more or less at the same level.
- With a Operating Margin value of 10.89%, ET perfoms like the industry average, outperforming 44.50% of the companies in the same 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 61.72% 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
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.
- Looking at the Debt to FCF ratio, with a value of 17.77, ET is in line with its industry, outperforming 47.85% 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's Debt to Equity ratio of 1.99 is on the low side compared to the rest of the industry. ET is outperformed by 77.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 17.77 | ||
| Altman-Z | N/A |
ROIC/WACC0.9
WACC6.44%
2.3 Liquidity
- A Current Ratio of 1.22 indicates that ET should not have too much problems paying 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's Quick ratio of 0.90 is in line compared to the rest of the industry. ET outperforms 45.45% 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.
- 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 Year20.7%
Revenue Next 2Y12.25%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. ET Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.64, the valuation of ET can be described as correct.
- Based on the Price/Earnings ratio, ET is valued a bit cheaper than 66.51% 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 25.60.
- The Price/Forward Earnings ratio is 11.60, which indicates a very decent valuation of ET.
- 82.78% of the companies in the same industry are more expensive than ET, based on the Price/Forward Earnings ratio.
- ET's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.64 | ||
| Fwd PE | 11.6 |
4.2 Price Multiples
- ET's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ET indicates a somewhat cheap valuation: ET is cheaper than 63.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.93 | ||
| EV/EBITDA | 8.82 |
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 14.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y19.88%
EPS Next 3Y14.3%
5. ET Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 6.89%, ET is a good candidate for dividend investing.
- ET's Dividend Yield is rather good when compared to the industry average which is at 3.20. ET pays more dividend than 84.69% of the companies in the same industry.
- ET's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.89% |
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 Years3
Div Non Decr Years3
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 Fundamentals: All Metrics, Ratios and Statistics
18.93
-0.09 (-0.47%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17 2026-02-17/bmo
Earnings (Next)05-04 2026-05-04
Inst Owners28.9%
Inst Owner ChangeN/A
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap65.13B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.83
Price Target22.59 (19.33%)
Short Float %1.02%
Short Ratio1.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.89% |
Yearly Dividend1.38
Dividend Growth(5Y)5.4%
DP113.23%
Div Incr Years3
Div Non Decr Years3
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)0.81%
PT rev (3m)0.82%
EPS NQ rev (1m)1.47%
EPS NQ rev (3m)0.82%
EPS NY rev (1m)2.07%
EPS NY rev (3m)0.81%
Revenue NQ rev (1m)6.17%
Revenue NQ rev (3m)6.45%
Revenue NY rev (1m)7.93%
Revenue NY rev (3m)7.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.64 | ||
| Fwd PE | 11.6 | ||
| P/S | 0.76 | ||
| P/FCF | 16.93 | ||
| P/OCF | 6.42 | ||
| P/B | 1.9 | ||
| P/tB | 3.03 | ||
| EV/EBITDA | 8.82 |
EPS(TTM)1.21
EY6.39%
EPS(NY)1.63
Fwd EY8.62%
FCF(TTM)1.12
FCFY5.91%
OCF(TTM)2.95
OCFY15.58%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.45
PEG (5Y)N/A
Graham Number16.49
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
WACC6.44%
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 Year20.7%
Revenue Next 2Y12.25%
Revenue Next 3Y9.73%
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.