Energy Transfer LP - Unit

Energy Transfer LP - Unit

ET

Get informed when a big investor buys or sells

+ Follow
Market Cap$65.97B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Energy Transfer LP - UnitEnergy Transfer LP - Unit13.76.96%16%0.82.1

Earnings Call Q1 2026

May 5, 2026 - AI Summary

Strong Q1 results + big guidance raise - Adjusted EBITDA: ~$4.9B vs ~$4.1B in Q1’25 (+~$0.8B). - DCF to partners (adjusted): ~$2.7B vs ~$2.3B (+$0.4B). - Organic growth capex (excluding SUN & USAC): ~$1.5B in Q1. - 2026 adjusted EBITDA outlook raised to: ~$18.2B–$18.6B (prior range referenced as ~$17.45B–$17.85B), citing ~$500M beat and capturing the full-year optimization target early.
What’s driving the outperformance (and what may be “one-time”) - Management says the raise is supported by continued outperformance across most segments: volumes, rates, and spreads. - Optimization: from the ~$500M beat, about ~$300M is characterized as “onetime” (though management notes similar upside has happened often in prior years). - Macro tailwind: ongoing Middle East conflict is described as increasing demand for reliable U.S. supply, supporting higher flows and margins.
Segment highlights (Q1) - NGL & refined products: EBITDA ~$1.2B vs ~$978M (+~$220M); drivers include higher Gulf Coast throughput, record Mont Belvieu fractionation, and record Nederland exports; also noted effects from hedge timing (+$65M) and propane/butane premium impacts (~+$50M). - Crude oil: EBITDA ~$869M vs ~$742M (+~$127M); includes ~$60M benefit from crude inventory value as prices rose, expected to be mostly offset by hedge losses in Q2. - Midstream: EBITDA ~$887M vs ~$925M (down, with cited impacts like lower prices/+$/- items), but management stresses Permian growth (volumes up 8% tied to new/upgraded processing).

Exclusive for Stockcircle Pro members

Sign upSign Up
$23.00

Target Price by Analysts

17.6% upsideEnergy Transfer LP - Unit Target Price DetailsTarget Price
$45.34

Current Fair Value

131.9% upside

Undervalued by 131.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$65.97 Billion
Enterprise Value$137.07 Billion
Dividend Yield$1.33 (6.96%)
Earnings per Share$1.36
Beta0.57
Outstanding Shares3,440,600,000

Return

Return on Equity16.12%ROE
Return on Assets3.77%
Return on Invested Capital7.06%

Valuation & Multiples

P/E Ratio13.65P/E Ratio
PEG27.66PEG
Price to Sales0.78Price to Sales
Price to Book Ratio1.4Price to Book Ratio
Enterprise Value to Revenue1.53
Enterprise Value to EBIT15.13
Enterprise Value to Net Income24
Total Debt to Enterprise0.52
Debt to Equity2.06Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$0.40
Average shareholder expectation
Revenue Estimate
$25.78 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$0.38
Average shareholder expectation
Revenue Estimate
$28.27 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.2468▼ 30.36%
Total Calls29,033,616▲ 63.10%
Total Puts7,165,300▼ 26.87%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %29.61%▲ 1.40%
Total Invested$20.85B▲ 23.14%
Investors Holding1,305▲ 33.00%

ESG Score

No data

About Energy Transfer LP

2,020 employees

Relevant Senate Committees

Finance

This powerful committee controls taxation and trade policy, directly impacting Energy Transfer LP's corporate tax burden, capital investment incentives, and overall profitability and valuation through legislative changes.

Appropriations

This committee directly allocates discretionary federal spending, determining the budgets for regulatory agencies (e.g., EPA, DOE) and potentially funding for infrastructure projects, directly affecting Energy Transfer LP's operating and growth environment.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, all of which are critical to Energy Transfer LP's pipeline operations, leasing, and future expansion in the oil and gas sector.

Environment and Public Works

This committee directly oversees the EPA and environmental regulations critical for pipeline construction, operation, and permitting (e.g., air, water, land use), which are central to Energy Transfer LP's core business.