Strategic Discipline | The partnership maintains capital discipline through low-cost organic growth opportunities while navigating recontracting events with demonstrated commercial ingenuity |
Analyst Outlook | Price targets range from $22 to $25, with earnings estimates spanning $1.27-$1.38 for FY1 and $1.31-$1.67 for FY2, reflecting varied growth perspectives |
Grid Reliability | Explore how mounting concerns over winter grid reliability in ERCOT, SERC, and WECC regions position natural gas infrastructure as critical for power stability |
Infrastructure Value | Energy Transfer's midstream operations proved strategic during Winter Storm Uri, profiting from supply constraints and elevated prices during grid stress |
Metrics to compare | ET | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipETPeersSector | |
|---|---|---|---|---|
P/E Ratio | 14.0x | 32.2x | 5.5x | |
PEG Ratio | 1.12 | 11.29 | 0.00 | |
Price / Book | 2.2x | 5.3x | 1.1x | |
Price / LTM Sales | 0.7x | 0.4x | 1.4x | |
Upside (Analyst Target) | 19.4% | 0.0% | 27.2% | |
Fair Value Upside | Unlock | −12.4% | 7.3% | Unlock |
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments. The company owns and operates natural gas transportation pipelines and storage facilities; and approximately 12,200 miles of intrastate natural gas transportation pipelines and 20,090 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plants, and treating and conditioning facilities; and natural gas gathering, compression, treating, dehydration and processing, oil pipeline facilities. Further, it owns 5,700 miles of NGL pipelines; NGL fractionation and storage facilities; and other NGL storage assets and terminals. Additionally, the company provides crude oil transportation, terminalling, trucking, acquisition, and marketing activities; owns and operates approximately 18,000 miles of crude oil trunk and gathering pipelines; and sells and distributes motor fuels and other petroleum products under the Sunoco and EcoMaxx brands. It also offers natural gas compression; wholesale power trading; and carbon dioxide and hydrogen sulfide removal services, as well as management of coal and natural resources properties; sells standing timber; leases coal-related infrastructure facilities; and collects oil and gas royalties. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.