Profile
Sector:
EnergyIndustry:
Oil & Gas MidstreamCountry:
United StatesIPO:
03 February 2006Website:
http://energytransfer.comNext earnings report:
14 February 2025Last dividends:
08 November 2024Next dividends:
N/APrice
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Institutional Ownership
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Energy Transfer is poised to benefit from a Trump Administration due to pro-energy policies, less regulation, and increased domestic energy production. ET's extensive infrastructure, recent acquisitions, and growing export capabilities position it well to handle increased energy volumes and capitalize on global demand. Despite high debt, ET's strong revenue, undervaluation compared to peers, and a 7.5% yield make it an attractive investment for capital appreciation and income.
Energy Transfer's Q3 2024 results show record volumes and a 12% YoY increase in adjusted EBITDA, highlighting successful growth investments and strong DCF. The company's integrated asset portfolio and expansion in natural gas and NGL exports position it well for future growth and market share. Shareholder returns are robust with a 7.5% dividend yield, supported by strong adjusted EBITDA and careful debt management despite significant acquisitions.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
Energy Transfer remains a top holding in my portfolio, with a strong buy rating due to its robust cash flow and undervaluation. Despite missing Q3 revenue and EPS estimates, the company maintained 2024 guidance, reinforcing its long-term value for investors. Impressive EBITDA growth driven by the Midstream segment and Sunoco LP investment, with significant upside potential compared to peers.
The stock for this midstream energy company looks well-positioned moving forward.
Energy Transfer reported strong Q3 earnings, with significant growth in oil and steady performance in NGL and natural gas volumes. New demand from power plants and data centers could significantly boost ET's natural gas infrastructure, enhancing its growth prospects. Despite strong fundamentals and exceeding pre-COVID distribution rates, ET remains undervalued, trading below pre-COVID highs.
Energy Transfer's Q3 report shows a 12% YoY growth in adjusted EBITDA, driven by strong crude oil transportation and NGL production. The company is expanding with projects like Lone Star Pipe optimizations and Lake Charles LNG, ensuring future growth and operational leverage. ET's high 7.4% dividend yield is protected by a solid balance sheet and the valuation is very attractive.
The MLP's expansion initiatives continue to grow its volumes and earnings.
ET's third-quarter earnings are likely to have benefited from contributions from organic and inorganic assets that are spread across major production basins.
What type of business is Energy Transfer LP?
Energy Transfer LP is an American oil and gas company that provides logistics services and other services for the transportation and storage of oil and gas products. The company was previously known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is headquartered in Dallas, Texas. The company's activities have several business segments: - Intrastate transportation and storage of natural gas - Interstate transportation and storage segment - Midstream segment - NGL and oil product transportation and service segment - Crude oil transportation and service segment
What sector is Energy Transfer LP in?
Energy Transfer LP is in the Energy sector
What industry is Energy Transfer LP in?
Energy Transfer LP is in the Oil & Gas Midstream industry
What country is Energy Transfer LP from?
Energy Transfer LP is headquartered in United States
When did Energy Transfer LP go public?
Energy Transfer LP initial public offering (IPO) was on 03 February 2006
What is Energy Transfer LP website?
https://energytransfer.com
Is Energy Transfer LP in the S&P 500?
No, Energy Transfer LP is not included in the S&P 500 index
Is Energy Transfer LP in the NASDAQ 100?
No, Energy Transfer LP is not included in the NASDAQ 100 index
Is Energy Transfer LP in the Dow Jones?
No, Energy Transfer LP is not included in the Dow Jones index
When was Energy Transfer LP the previous earnings report?
No data
When does Energy Transfer LP earnings report?
The next expected earnings date for Energy Transfer LP is 14 February 2025