Key Details
Price
$19.65Last Dividend
$0.32Annual Revenue
$78.59 BAnnual EPS
$1.09Annual ROE
9.17%Beta
0.53Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 14, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 08, 2024Next split:
N/ARecent split:
July 27, 2015Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Energy Transfer LP (ET) closed at $19.64 on the most recent trading day, showing a decrease of 0.36% from its previous closing price.
Energy Transfer is a well-managed midstream company that has shown steady growth in its earnings and distributions, providing reliable and low-risk cash flows. The company has a large network of pipelines, mainly for natural gas, and is benefiting from the increasing energy demand in the U.S. Recent strategic purchases, such as Crestwood Equity Partners and WTG Midstream, have strengthened Energy Transfer's operations and potential for long-term cash flow growth.
Broadcom and Super Micro Computer in the Box have been recognized as Zacks' Bull and Bear of the Day.
Energy Transfer (ET 0.10%) has performed well in 2024, with its stock price increasing by around 40% so far. Additionally, the master limited partnership (MLP) offers a appealing distribution, resulting in a forward yield of 6.7%.
In the latest trading session, Energy Transfer LP (ET) finished at $19.28, showing a slight increase of 0.1% compared to the day before.
Energy Transfer has a strong mix of assets throughout the United States, and its successful acquisitions will help improve its performance. However, increasing debt and a return on equity that is lower than the industry average are worrying issues.
Energy Transfer LP (ET) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Energy Transfer (ET 3.23%) offers an appealing yield of 6.9%, which is likely to catch the attention of many income investors. In comparison, the S&P 500 index has a much lower yield of around 1.2%. This difference makes Energy Transfer stand out for those seeking higher returns.
At the end of the last trading day, Energy Transfer LP (ET) was priced at $18.27, which represents a 0.38% increase compared to the previous day.
In the third quarter of 2024, adjusted EBITDA increased by 11.8% compared to the previous year, reaching $3.96 billion, thanks to growth in the main business operations. For 2024, there are plans to invest $2.9 billion in NGL exports, facilities in the Permian Basin, and pipeline improvements to enhance capacity. ET's current trading price is lower than its historical EV/EBITDA average, suggesting a potential long-term increase of over 36% based on expected EBITDA growth.
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