Energy Transfer LP
ET
NYSE·Energy·Oil & Gas Midstream·Mkt cap $74.0B
$21.50
▲ +0.30%
P/E
13.19
Mkt Cap
$74.0B
52-Wk Range
$16.18–$21.77
52-Week Range
$16.18 - $21.77
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 25.4% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
6 reasons
- Extensive integrated pipeline network spanning 36,645+ miles of natural gas and NGL pipelines
- Strategic storage capacity with 50+ million barrels of NGL storage and multiple natural gas storage facilities
- Diversified customer base including utilities, producers, and industrial end-users providing revenue stability
- Long-term fee-based contracts insulating earnings from commodity price volatility
- Established market position and operational scale creating barriers to entry for competitors
- Geographic diversification across major energy-producing regions (Texas, Oklahoma, Pennsylvania, Louisiana)
Bear Case
1 risk
- Low volatility (beta 0.6).
Growth
Moderate growth ahead
Increased natural gas demand from power generation and industrial sectors
Value
Undervalued - trading well below Midstream & Pipelines peers
Momentum
Strong
+11.2% over 3m
Quality
Stable
Excellent business quality
Dividend
High yield
6.26% yield
Smart-money signal
Who's buying ET right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Latest print - beat on both lines
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Nov 4, 2026
AUG 4, 2026
Reported EPS of $0.59 vs $0.38 consensus (+55.3% surprise). Revenue of $34.3B vs $27.7B expected (+23.9%). Beat on both top and bottom lines.
EPS surprise · last 4Q
1 of 1 beats
Estimate
Actual
Q3 26
+55.3%
Revenue trend · last 8Q
—
-5%
-3%
-7%
-4%
+15%
+32%
+78%
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
$20.8B
$19.5B
$21.0B
$19.2B
$20.0B
$22.4B
$27.8B
$34.3B
Margins · last 8Q
Gross
21.6%
Operating
10.4%
Profit
7.4%
Wall Street consensus
12 analysts · 83% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
83%
Hold
8%
Sell
8%
Median Price Target
—
Latest: TD Cowen · Aug 10, 2026
vs Industry
How ET stacks vs Oil & Gas Midstream
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.
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