ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

18.775 USD
-0.02 (-0.08%)
Last:

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.
  • In the past year ET had a positive cash flow from operations.
  • In the past 5 years ET has always been profitable.
  • In the past 5 years ET always reported a positive cash flow from operatings.
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.
  • The Return On Equity of ET (12.14%) is better than 67.63% of its industry peers.
  • ET has a Return On Invested Capital of 5.82%. This is comparable to the rest of the industry: ET outperforms 52.17% of its industry peers.
  • ET had an Average Return On Invested Capital over the past 3 years of 6.22%. This is significantly below the industry average of 22.49%.
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.
  • 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 in line with its industry peers.
  • ET's Operating Margin has declined in the last couple of years.
  • ET has a worse Gross Margin (25.77%) than 62.80% of its industry peers.
  • In the last couple of years the Gross Margin of ET has declined.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • 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.
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

  • 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.
  • With a Debt to FCF ratio value of 17.77, ET perfoms like the industry average, outperforming 48.31% of the companies in the same industry.
  • A Debt/Equity ratio of 1.99 is on the high side and indicates that ET has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.99, ET is doing worse than 78.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.91
WACC6.38%
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.
  • A Quick Ratio of 0.90 indicates that ET may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.90, ET perfoms like the industry average, outperforming 44.93% of the companies in the same industry.
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

More info and screens

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

5

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.
  • Looking at the last year, ET shows a small growth in Revenue. The Revenue has grown by 3.47% in the last 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

  • 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 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.
  • 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.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. ET Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.52, which indicates a correct valuation of ET.
  • ET's Price/Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 64.73% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.11, ET is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 11.50 indicates a reasonable valuation of ET.
  • 82.61% 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 24.12. ET is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.52
Fwd PE 11.5
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 ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, ET is valued a bit cheaper than the industry average as 65.70% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.79
EV/EBITDA 8.78
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)0.44
PEG (5Y)N/A
EPS Next 2Y19.88%
EPS Next 3Y14.3%

More info and screens

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 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
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

More info and screens

Find the best dividend stocksShow peers with best dividend

ET Fundamentals: All Metrics, Ratios and Statistics

ENERGY TRANSFER LP

NYSE:ET (3/18/2026, 1:17:10 PM)

18.775

-0.02 (-0.08%)

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 Cap64.59B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.83
Price Target22.23 (18.4%)
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 15.52
Fwd PE 11.5
P/S 0.76
P/FCF 16.79
P/OCF 6.36
P/B 1.88
P/tB 3.01
EV/EBITDA 8.78
EPS(TTM)1.21
EY6.44%
EPS(NY)1.63
Fwd EY8.7%
FCF(TTM)1.12
FCFY5.95%
OCF(TTM)2.95
OCFY15.71%
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
WACC6.38%
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%.