ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

19.08 USD
-0.07 (-0.37%)
At close:
19.07 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

  • 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.
  • ET had a positive operating cash flow in each of the past 5 years.
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 48.80% of its industry peers.
  • ET's Return On Equity of 12.14% is fine compared to the rest of the industry. ET outperforms 66.99% of its industry peers.
  • The Return On Invested Capital of ET (5.82%) is comparable to the rest of the industry.
  • ET had an Average Return On Invested Capital over the past 3 years of 6.22%. This is significantly below the industry average of 22.52%.
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

  • 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 44.02% of the companies in the same industry.
  • ET's Operating Margin has declined in the last couple of years.
  • ET has a Gross Margin of 25.77%. This is in the lower half of the industry: ET underperforms 62.20% 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

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1

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.
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.
  • ET's Debt to FCF ratio of 17.77 is in line compared to the rest of the industry. ET outperforms 48.33% of its industry peers.
  • 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 78.95% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.9
WACC6.44%
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

  • 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.
  • The Quick ratio of ET (0.90) is comparable to the rest of the 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

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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.
  • 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.
  • Measured over the past years, ET shows a quite strong growth in Revenue. The Revenue has been growing by 17.04% on average per year.
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 5.84% 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 5Y5.84%

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.
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

  • A Price/Earnings ratio of 15.77 indicates a correct valuation of ET.
  • Compared to the rest of the industry, the Price/Earnings ratio of ET indicates a somewhat cheap valuation: ET is cheaper than 64.11% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.42. ET is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 11.60, the valuation of ET can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, ET is valued a bit cheaper than the industry average as 74.64% of the companies are valued more expensively.
  • ET's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.29.
Industry RankSector Rank
PE 15.77
Fwd PE 11.6
ET Price Earnings VS Forward Price EarningsET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ET is on the same level as its industry peers.
  • 64.11% of the companies in the same industry are more expensive than ET, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.07
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

  • 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)0.44
PEG (5Y)N/A
EPS Next 2Y21.17%
EPS Next 3Y14.91%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. ET Dividend Analysis

5.1 Amount

  • ET has a Yearly Dividend Yield of 4.41%, which is a nice return.
  • ET's Dividend Yield is a higher than the industry average which is at 3.22.
  • Compared to an average S&P500 Dividend Yield of 1.81, ET pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.41%

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
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 2Y21.17%
EPS Next 3Y14.91%
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 (4/24/2026, 8:04:00 PM)

After market: 19.07 -0.01 (-0.05%)

19.08

-0.07 (-0.37%)

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 Change0.04%
Ins Owners9.33%
Ins Owner Change0.83%
Market Cap65.64B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.67
Price Target22.65 (18.71%)
Short Float %1%
Short Ratio1.84
Dividend
Industry RankSector Rank
Dividend Yield 4.41%
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)1.88%
PT rev (3m)3.3%
EPS NQ rev (1m)4.15%
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)7.97%
Valuation
Industry RankSector Rank
PE 15.77
Fwd PE 11.6
P/S 0.77
P/FCF 17.07
P/OCF 6.47
P/B 1.91
P/tB 3.06
EV/EBITDA 8.85
EPS(TTM)1.21
EY6.34%
EPS(NY)1.64
Fwd EY8.62%
FCF(TTM)1.12
FCFY5.86%
OCF(TTM)2.95
OCFY15.46%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.44
PEG (5Y)N/A
Graham Number16.4911 (-13.57%)
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
WACC6.44%
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 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 5Y5.84%
EBIT growth 1Y1.33%
EBIT growth 3Y4.65%
EBIT growth 5Y9.71%
EBIT Next Year88.34%
EBIT Next 3Y26.64%
EBIT Next 5Y17.85%
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.