Energy Transfer LP - Unit

Energy Transfer LP - Unit

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Market Cap$72.92B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Energy Transfer LP - UnitEnergy Transfer LP - Unit13.26.35%19%0.72

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).

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Target Price by Analysts

7.4% upsideEnergy Transfer LP - Unit Target Price DetailsTarget Price
$41.99

Current Fair Value

96% upside

Undervalued by 96% based on the discounted cash flow analysis.

Share Statistics

Market cap$72.92 Billion
Enterprise Value$142.14 Billion
Dividend Yield$1.33 (6.35%)
Earnings per Share$1.36
Beta0.56
Outstanding Shares3,442,200,000

Return

Return on Equity18.52%ROE
Return on Assets4.42%
Return on Invested Capital8.11%

Valuation & Multiples

P/E Ratio13.16P/E Ratio
PEG14.63PEG
Price to Sales0.71Price to Sales
Price to Book Ratio1.53Price to Book Ratio
Enterprise Value to Revenue1.36
Enterprise Value to EBIT13.66
Enterprise Value to Net Income21
Total Debt to Enterprise0.49
Debt to Equity1.99Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 5, 2026
EPS Estimate
$0.37
Average shareholder expectation
Revenue Estimate
$28.67 B
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$0.39
Average shareholder expectation
Revenue Estimate
$30.30 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.2069 3.99%
Total Calls28,820,616 0.73%
Total Puts5,963,200 16.78%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %31.91% 2.28%
Total Invested$20.99B 0.56%
Investors Holding1,292 21.00%

ESG Score

No data

About Energy Transfer LP

2,020 employees