Want to see ET full AI Analyst Report?
Energy Transfer (ET) Stock Price & Analysis
ET Stock Chart & Stats
- Day’s Range
- $20.10 - $20.57
- 52-Week Range
- $16.18 - $21.84
- Previous Close
- $20.34
- Volume
- N/A
- Average Volume (3M)
- 8.69M
- Market Cap
- $70.04B
- Enterprise Value
- $156.97B
- Total Cash (Recent Filing)
- $1.02B
- Total Debt (Recent Filing)
- $70.24B
- Price to Earnings (P/E)
- 12.0
- Beta
- 0.40
- Next Earnings
- Feb 17, 2027 (Est.)
- EPS Estimate
- 0.41
- Next Dividend Ex-Date
- Nov 06, 2026
- Dividend Yield
- 6.67%
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation
Energy Transfer is converting its midstream operations into substantial cash, providing internal funding for distributions, debt management, and expansion. The sharp free-cash-flow improvement strengthens financial resilience and supports continued investment without relying entirely on external capital.
Contracted Growth Backlog
A sizable backlog of contracted projects gives Energy Transfer visible avenues for expanding earnings and cash flow over several years. Long-term commitments and targeted mid-teen returns can reduce execution risk while allowing the partnership to monetize existing network advantages.
Integrated Midstream Network
The breadth and connectivity of Energy Transfer’s infrastructure create multiple ways to serve customers across the hydrocarbon value chain. This integrated platform can improve asset utilization, support cross-segment opportunities, and make the network more difficult to replicate.
Bears Say
Elevated Leverage
Although leverage improved from 2025, debt remains high enough to constrain financial flexibility. Meaningful debt financing can increase fixed obligations, limit capacity to fund new projects internally, and make the partnership more exposed if operating conditions or cash generation weaken.
Heavy Growth Capital Needs
The planned investment program should support future growth, but its scale creates substantial execution and funding demands. Sustained capital spending above $5 billion annually could pressure free cash flow, increase financing needs, and raise the consequences of project delays or cost overruns.
Moderate, Variable Margins
Energy Transfer’s profitability is solid for a midstream operator but remains moderate rather than exceptionally high. Margin variability can limit earnings visibility and reduce upside during weaker commodity or volume environments, making sustained operating improvement important for long-term returns.
Energy Transfer News
ET FAQ
What was Energy Transfer’s price range in the past 12 months?
What is Energy Transfer’s market cap?
When is Energy Transfer’s upcoming earnings report date?
How were Energy Transfer’s earnings last quarter?
Is Energy Transfer overvalued?
Does Energy Transfer pay dividends?
What is Energy Transfer’s EPS estimate?
How many shares outstanding does Energy Transfer have?
What happened to Energy Transfer’s price movement after its last earnings report?
Which hedge fund is a major shareholder of Energy Transfer?
What is the TipRanks Smart Score and how is it calculated?
Energy Transfer Stock Smart Score
Company Description
Energy Transfer
Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natural gas producers in Pennsylvania. In the NGL sector, Energy Transfer possesses approximately 5,215 miles of NGL pipelines, along with facilities for NGL and propane fractionation. Its NGL storage solutions include facilities with a working capacity of around 50 million barrels (MMBbls), supplemented by additional storage assets and terminals totaling about 17 MMBbls. The company is actively involved in the transportation, terminalling, acquisition, and marketing of crude oil, as well as the distribution of refined petroleum products like gasoline, middle distillates, and motor fuels. Complementing these primary operations, Energy Transfer offers specialized services such as natural gas compression, removal of carbon dioxide and hydrogen sulfide, natural gas cooling, dehydration, and British thermal unit (BTU) management. Furthermore, its operations extend to managing coal and other natural resource properties, selling standing timber, leasing coal-related infrastructure, collecting oil and gas royalties, and generating electrical power. Established in 1996 and headquartered in Dallas, Texas, the company officially adopted its current name, Energy Transfer LP, in October 2018, having previously been known as Energy Transfer Equity, L.P.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Marshall S. McCrea
- Employees
- 22,311
- Website
- energytransfer.com
- Address
- 8111 Westchester Drive, Dallas, TX, 75225, US
Energy Transfer (ET) Earnings & Revenues
ET Company Deck
ET Earnings Call
Earnings Call SentimentPositive
The call was strongly optimistic, supported by higher third-quarter EBITDA and DCF, a significant increase in 2026 EBITDA guidance, broad-based segment growth, favorable market conditions, substantial contracted demand, and a large pipeline of expansion projects. The main negative items were expected derivative-loss offsets, elevated planned growth capital, project approval and timing dependencies, and management's acknowledgment of historical leverage, coverage, and protest-related challenges. Overall, the highlights significantly outweighed the lowlights.
View all ET earnings summariesET Net sales Breakdown
- 29.89% Crude sales
- 29.76% Refined product sales
- 20.31% NGL sales
- 14.54% Gathering, transportation and other fees
- 5.50% Other
ET Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 6 | 12 |
| Technical Analysis | 1 | 6 | 3 |
| Moving Averages | 3 | 0 | 9 |













