ENERGY TRANSFER LP (ET) Stock Fundamental Analysis
NYSE:ET • US29273V1008
18.84 USD
+0.15 (+0.8%)
At close: Feb 27, 2026
18.8392 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
ET gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 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. Finally ET also has an excellent dividend rating.
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.
- Each year in the past 5 years ET has been profitable.
- 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 49.28% 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 68.60% of its industry peers.
- ET has a Return On Invested Capital (5.82%) which is in line with its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ET is significantly below the industry average of 22.17%.
| 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 (4.88%) which is comparable to the rest of the industry.
- ET's Profit Margin has been stable in the last couple of years.
- Looking at the Operating Margin, with a value of 10.89%, ET is in line with its industry, outperforming 43.48% of the companies in the same industry.
- ET's Operating Margin has declined in the last couple of years.
- ET's Gross Margin of 25.77% is on the low side compared to the rest of the industry. ET is outperformed by 63.28% of its industry peers.
- ET's Gross Margin has declined in the last couple of years.
| 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. Health
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.
- 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
- 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 47.83% 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.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.99 | ||
| Debt/FCF | 17.77 | ||
| Altman-Z | N/A |
ROIC/WACC0.89
WACC6.57%
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 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
- ET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.04%, which is quite good.
- The Earnings Per Share has been decreasing by -4.52% on average over the past years.
- The Revenue has been growing slightly by 3.47% in the past year.
- The Revenue has been growing by 17.04% on average over the past years. This is quite good.
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
- The Earnings Per Share is expected to grow by 17.77% on average over the next years. This is quite good.
- Based on estimates for the next years, ET will show a small growth in Revenue. The Revenue will grow by 6.06% on average per year.
EPS Next Y32.18%
EPS Next 2Y19.71%
EPS Next 3Y16.03%
EPS Next 5Y17.77%
Revenue Next Year14.23%
Revenue Next 2Y9.39%
Revenue Next 3Y6.55%
Revenue Next 5Y6.06%
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. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 15.57 indicates a correct valuation of ET.
- ET's Price/Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 61.35% 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 27.07.
- Based on the Price/Forward Earnings ratio of 11.78, the valuation of ET can be described as reasonable.
- Based on the Price/Forward Earnings ratio, ET is valued a bit cheaper than the industry average as 76.81% of the companies are valued more expensively.
- ET's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.05.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.57 | ||
| Fwd PE | 11.78 |
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 62.32% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.82 | ||
| EV/EBITDA | 8.79 |
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 16.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)N/A
EPS Next 2Y19.71%
EPS Next 3Y16.03%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.17%, 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 83.09% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, ET pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
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.
- The dividend of ET is growing, but earnings are growing more, so the dividend growth is sustainable.
DP113.23%
EPS Next 2Y19.71%
EPS Next 3Y16.03%
18.84
+0.15 (+0.8%)
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 Owners29.47%
Inst Owner ChangeN/A
Ins Owners9.2%
Ins Owner Change0.83%
Market Cap64.69B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.83
Price Target22.23 (17.99%)
Short Float %1.03%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
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)1.4%
PT rev (3m)0.31%
EPS NQ rev (1m)2.88%
EPS NQ rev (3m)5.52%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)2.52%
Revenue NQ rev (3m)-0.03%
Revenue NY rev (1m)2.1%
Revenue NY rev (3m)3.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.57 | ||
| Fwd PE | 11.78 | ||
| P/S | 0.76 | ||
| P/FCF | 16.82 | ||
| P/OCF | 6.37 | ||
| P/B | 1.88 | ||
| P/tB | 3.01 | ||
| EV/EBITDA | 8.79 |
EPS(TTM)1.21
EY6.42%
EPS(NY)1.6
Fwd EY8.49%
FCF(TTM)1.12
FCFY5.95%
OCF(TTM)2.96
OCFY15.69%
SpS24.91
BVpS10.01
TBVpS6.26
PEG (NY)0.48
PEG (5Y)N/A
Graham Number16.51
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
WACC6.57%
ROIC/WACC0.89
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 Y32.18%
EPS Next 2Y19.71%
EPS Next 3Y16.03%
EPS Next 5Y17.77%
Revenue 1Y (TTM)3.47%
Revenue growth 3Y-1.64%
Revenue growth 5Y17.04%
Sales Q2Q%29.57%
Revenue Next Year14.23%
Revenue Next 2Y9.39%
Revenue Next 3Y6.55%
Revenue Next 5Y6.06%
EBIT growth 1Y1.33%
EBIT growth 3Y4.65%
EBIT growth 5Y9.71%
EBIT Next Year87.63%
EBIT Next 3Y26.63%
EBIT Next 5Y17.88%
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 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%.