ENERGY TRANSFER LP (ET) Fundamental Analysis & Valuation

NYSE:ET • US29273V1008

Current stock price

19.41 USD
+0.36 (+1.89%)
At close:
19.4286 USD
+0.02 (+0.1%)
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.
  • 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.
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 has a Return On Assets (2.95%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 12.14%, ET is in the better half of the industry, outperforming 66.99% of the companies in the same industry.
  • 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 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's Profit Margin of 4.88% is in line compared to the rest of the industry. ET outperforms 46.89% of its industry peers.
  • ET's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of ET (10.89%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ET has declined.
  • Looking at the Gross Margin, with a value of 25.77%, ET is doing worse than 62.20% of the companies in the same industry.
  • 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.
  • ET has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ET has a worse debt to assets ratio.
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.
  • ET has a Debt to Equity ratio of 1.99. This is in the lower half of the industry: ET underperforms 78.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.99
Debt/FCF 17.77
Altman-Z N/A
ROIC/WACC0.9
WACC6.48%
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 comparable to the rest of the industry.
  • A Quick Ratio of 0.90 indicates that ET may have some problems paying its short term obligations.
  • ET has a Quick ratio of 0.90. This is comparable to the rest of the industry: ET outperforms 44.98% of 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

  • 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.
  • 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.
  • 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 15.07% on average over the next years. This is quite good.
  • 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

  • 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

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6

4. ET Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.04, ET is valued correctly.
  • 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.
  • ET is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 11.80 indicates a reasonable valuation of ET.
  • ET's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ET is cheaper than 75.60% of the companies in the same industry.
  • ET is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.04
Fwd PE 11.8
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

  • ET's Enterprise Value to EBITDA ratio is in line with the industry average.
  • ET's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ET is cheaper than 64.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.36
EV/EBITDA 8.84
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.
  • ET's earnings are expected to grow with 14.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
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.
  • Compared to an average industry Dividend Yield of 3.22, ET pays a bit more dividend than its industry peers.
  • ET's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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.
  • ET's earnings are growing more than its dividend. This makes the dividend growth 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 (4/28/2026, 8:27:32 PM)

After market: 19.4286 +0.02 (+0.1%)

19.41

+0.36 (+1.89%)

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 Cap66.78B
Revenue(TTM)85.54B
Net Income(TTM)4.17B
Analysts84.67
Price Target22.65 (16.69%)
Short Float %0.94%
Short Ratio1.83
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 16.04
Fwd PE 11.8
P/S 0.78
P/FCF 17.36
P/OCF 6.58
P/B 1.94
P/tB 3.11
EV/EBITDA 8.84
EPS(TTM)1.21
EY6.23%
EPS(NY)1.64
Fwd EY8.47%
FCF(TTM)1.12
FCFY5.76%
OCF(TTM)2.95
OCFY15.2%
SpS24.86
BVpS9.99
TBVpS6.24
PEG (NY)0.45
PEG (5Y)N/A
Graham Number16.4911 (-15.04%)
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
WACC6.48%
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.