Energy Transfer LP (ET) Stock Price, News, Analysis

Technical Score (1D)

BUY

News Sentiment

BULLISH

Energy Transfer’s latest earnings report shows a sharp rebound in cash generation, with Q2 2026 adjusted EBITDA climbing to $5.1 billion from $3.9 billion a year earlier and the company lifting its full‑year guidance to $18.8‑$19.1 billion, its second upward revision this year. The lift is largely driven by a surge in commodity‑price‑driven cash flow that has more than doubled from Q4 2025, giving the company a comfortable cushion to cover dividends. Management cautions that the commodity volatility that produced the recent beat may not recur in the back half of 2026, and several high‑capex projects remain in early phases, which could temper future cash flows. The company’s pipeline network is positioned to benefit from the data‑center boom, with key projects such as Desert Southwest still years away from earnings, suggesting a longer‑term upside to infrastructure demand. The raised guidance and improved free cash flow imply a stronger balance sheet, potentially supporting higher dividend payouts or share buybacks in the next 1–10 trading days. However, the reliance on commodity price swings introduces short‑term uncertainty, and the high capital‑expenditure trajectory could compress margins if costs rise. Watch for the next earnings release to see if the commodity‑price‑driven momentum sustains and whether the company can maintain its free‑cash‑flow coverage amid ongoing capex. Also monitor any updates on the Desert Southwest project timeline, as a delay could affect the projected infrastructure upside.

ET|Analyst Targets

LOW TARGET

$22 +4.0%

2 analysts

MEAN TARGET

$25 +16.2%

10 analysts

HIGH TARGET

$28 +32.3%

20 analysts

PRICE RANGE

$22.00 - $28.00

SB / B / H / S / SS

12/14/4/1/1

DAILYIQ EST.

$25.24 (+19.3%)

ET|Company Info

Sector

Energy

Industry

Oil & Gas Midstream

Exchange

NYQ

Country

United States

Website

energytransfer.com

Symbol

Description

Energy Transfer LP is a U.S.-based energy infrastructure company primarily engaged in the transportation and storage of natural gas, natural gas liquids (NGLs), and crude oil. The company's extensive network includes over 32,000 miles of natural gas pipelines and approximately 5,700 miles of NGL pipelines, alongside storage facilities and processing plants. Energy Transfer also provides services such as crude oil transportation, terminalling, and marketing, in addition to selling motor fuels under the Sunoco and EcoMaxx brands. Furthermore, the company offers a range of midstream services and engages in activities related to natural gas compression and the removal of carbon dioxide and hydrogen sulfide. Founded in 1996 and headquartered in Dallas, Texas, Energy Transfer has evolved from its origins as Energy Transfer Equity, L.P., and continues to play a vital role in the energy sector.

ET|Insider Trading

Bought (1Y)

1,012,359.372 shares

$21.5M

Sold (1Y)

0 shares

WARREN KELCY L-

Buy647,968 shares2026-08-19

WARREN KELCY L-

Buy352,032 shares2026-08-18

Perry James Richard-

Buy12,359.372 shares2026-08-07

ET|Fundamentals

Bullish

Verdict: Neutral

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Gross Margin

25.8%

Net Margin

5.2%

Revenue CAGR

13.9%

Current Ratio

1.22x

Debt / Equity

1.39x

Return on Equity

9.0%

ET|Earnings Snapshot

Earnings Summary

Energy Transfer LP is a U.S. midstream energy infrastructure company that transports and stores natural gas, NGLs, and crude oil across a network of over 32,000 miles of pipelines and associated facilities. The firm also markets motor fuels under the Sunoco and EcoMaxx brands and provides compression and gas‑cleaning services. In Q4 2025, Energy Transfer reported EPS of $0.25 versus an estimate of $0.38, while revenue rose to $25.32 billion from $24.82 billion in Q4 2024, indicating a 2.0% YoY increase; in Q2 2026, EPS surged to $0.59 against an estimate of $0.39, and revenue jumped to $34.33 billion from $25.32 billion, a 35% YoY rise. Historically, the company has delivered revenue growth in each quarter, but EPS has been volatile, with a miss in Q4 2025 and a strong beat in Q2 2026. Recent analyst coverage notes a “Strong Buy” upgrade and a 6.3% dividend yield, underscoring confidence in cash flow and dividend sustainability; the company’s move to list on the Texas Stock Exchange may enhance visibility and trading volume. Investors should watch the upcoming earnings release for guidance on future cash‑flow projections and any changes to dividend policy, as well as for updates on pipeline expansion plans that could reinforce the positive narrative and support continued revenue growth.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$0.41	-	-
Q2'26	$0.39	$0.59	+52.2%
Q4'25	$0.38	$0.25	-34.1%
Q4'24	$0.37	$0.29	-22.5%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$32.0B	-	-
Q2'26	$29.1B	$34.3B	+18.0%
Q4'25	$24.8B	$25.3B	+2.0%
Q4'24	-	$19.5B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

ET|Monthly Returns

Market Data

ET Stock Snapshot

HOLD55/100

$21.16+$0.03 (0.1%)

Market cap: 72.69B
P/E ratio: 13.7
Day range: $20.95 – $21.28
News sentiment: 77/100 · Bullish
Analyst target: $24.58 (+16.2%)
Consensus: Buy · 32 analysts

52-week range+30.8% off low · -3.2% from high

$16.18$21.85

Price $21.16 DailyIQ Est. $25.24

Energy Transfer LP is consolidating: price is in the upper part of its 52-week range without a decisive push either way. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Reverse DCF

What growth is priced into ET?

CHEAP

At today's price, Energy Transfer LP needs to grow free cash flow about 11.3% a year for the next 10 years to justify its valuation at a 6.62% cost of capital. Over its actual history it has compounded free cash flow at 51.1% a year, so the market is asking for 39.8 percentage points below its own delivered rate. On that basis ET looks priced below what its own growth record supports.

Implied FCF growth: 11.3%
Historical FCF CAGR: 51.1%
Growth gap: -39.8 pts
Verdict: CHEAP
Discount rate (WACC): 6.62%
Beta: 0.72

Behaviour On Record

What ET's own history says about today's numbers

Realized volatility (21d): 10.6% 2nd pct
Below its peak: -40.0%
vs 200-day average: +10.7%
Up days (1y): 50%

Energy Transfer LP is currently running 10.6% annualised volatility over the last 21 sessions. Measured against ET's own 13 years of daily returns rather than a market-wide average, that is the 2nd percentile — unusually subdued by its own history, against a typical reading of 27.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

ET is trading -40.0% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -27.9%, and the deepest was -70.2% in 2016. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits +10.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 74th percentile — a somewhat wider gap than its own norm. Over the past year ET closed higher on 50% of sessions, and it is currently 1 session into a rising streak.

On September specifically: over 13 years of records, ET finished the month higher 3 of 13 times, with a median return of -3.1% and an average of -4.5%. Its strongest month historically has been April at +11.6% on average, its weakest September at -4.5%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: ET has opened more than 2% away from the prior close in 176 of 3,268 sessions (5.4% of the time), with the largest gaps running +12.8% and -13.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,269 daily closes between 2013-09-19 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against ET's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of ET's sector?

Energy Transfer LP sits in the Industrials sector, currently ranked 11th of 11 GICS sectors by relative-strength rotation score (improving).

Sector rank: #11 of 11
Sector state: Improving
Sector rotation score: 30

Options Market

What is the options market pricing for ET?

CallsPuts

For Energy Transfer LP's nearest expiry (2026-09-25, 6 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.80), with at-the-money implied volatility around 20.9%. The options market is pricing roughly a ±2.8% move by that expiry — a range of about $20.51–$21.69.

Put/call ratio (2026-09-25): 0.80
ATM implied volatility: 20.9%
Total open interest: 9,857
Expected move by 2026-09-25: ±2.8% ($20.51–$21.69)

Analyst Rating Changes

Are analysts turning bullish or bearish on ET?

JP Morgan most recently reiterated its rating on Energy Transfer LP to Overweight on Sep 4, 2026 with a price target of $25 (from $24). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action: JP Morgan — Overweight
90-day upgrades: 0
90-day downgrades: 0
Net rating momentum: 0

Date	Firm	Action	Rating	Price target
Sep 4, 2026	JP Morgan	Maintained	Overweight	$24 → $25
Aug 18, 2026	Morgan Stanley	Maintained	Equal-Weight	$23 → $25
Aug 12, 2026	Truist Securities	Maintained	Buy	$23 → $25
Aug 10, 2026	TD Cowen	Maintained	Buy	$24 → $25
Aug 7, 2026	Citigroup	Maintained	Buy	$23 → $24
Aug 5, 2026	Barclays	Maintained	Overweight	$23 → $24
Jul 21, 2026	RBC Capital	Maintained	Outperform	$21 → $23
Jul 16, 2026	TD Cowen	Maintained	Buy	$23 → $24
May 27, 2026	Morgan Stanley	Maintained	Equal-Weight	$21 → $23
May 14, 2026	Barclays	Maintained	Overweight	$22 → $23
May 13, 2026	TD Cowen	Maintained	Buy	$22 → $23
May 12, 2026	Scotiabank	Maintained	Sector Outperform	$22 → $24

ET Competitive Positioning

Energy Transfer LP (ET) is tracked alongside these names in Oil & Gas Midstream on DailyIQ — ranked by market cap, with today's move alongside.

ETyou're hereEnergy Transfer LP$72.7B+0.14%
WMBThe Williams Companies, Inc.$89.1B-0.03%
KMIKinder Morgan, Inc.$68.4B-0.82%
TRGPTarga Resources Corp.$61.2B+0.03%
OKEONEOK, Inc.$58.8B-0.03%

News Sentiment Analysis

Sentiment gathered from recent headlines

77/100

Strong NegativeNeutralStrong Positive

BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Jim Cramer on Mad Money urged investors to buy Energy Transfer (ET) after the company announced a move of its primary listing from the NYSE to the Texas Stock Exchange. The analyst highlighted ET’s robust fee‑based cash flow model and extensive pipeline network, noting that the transition is largely an optics move with no operational impact. Cramer’s endorsement comes after a solid Q2 with $5.07 billion in adjusted EBITDA, reinforcing confidence in ET’s long‑term stability.

What did this article say?

Energy Transfer (ET) announced a Q2 2026 adjusted EBITDA of $5.1 billion, up from $3.9 billion a year earlier, and lifted its full‑year guidance to $18.8‑$19.1 billion, its second upward revision this year. Management highlighted rising return thresholds on new growth projects and noted that free cash flow has more than doubled from Q4 2025, now comfortably covering dividends. The company cautions that the recent commodity‑price‑driven beat may not recur later in 2026 and that several high‑capex projects remain in early phases.

What did this article say?

Energy Transfer LP (ET) closed the session at $21.11, down 1.05% and trailing the broader market. Despite the short‑term decline, the company’s quarterly EPS is projected to rise 46% YoY to $0.41, and revenue is expected to jump 75% to $34.97 billion. Analysts note that the upside in earnings and revenue may offset the temporary price weakness, but the market has priced in some caution ahead of the upcoming earnings release. Investors should watch for the earnings announcement to confirm whether the positive guidance translates into a price rebound.

What did this article say?

Energy Transfer (ET) is exhibiting robust momentum, highlighted by a distribution yield exceeding 6% and solid cash flow coverage. The company’s growth pipeline remains a key driver, suggesting continued expansion opportunities. Analysts view the current price as attractive relative to the company’s fundamentals, reinforcing a bullish stance for investors. Watch for upcoming earnings releases and any updates on pipeline development that could further influence valuation.

What did this article say?

Energy Transfer (ET) is positioned to capitalize on AI‑driven increases in energy demand and ongoing supply disruptions in the Middle East, potentially driving higher cash flows and dividend growth. The company’s robust pipeline and strategic asset portfolio give it a competitive edge in a tightening supply environment. Investors should monitor how quickly the company can translate these macro tailwinds into earnings and whether it maintains its dividend growth trajectory.

What did this article say?

Energy Transfer LP (ET) posted robust Q2 earnings, with natural gas and NGL segments driving a $0.5B lift in adjusted EBITDA guidance to $18.8‑$19.1B. The company’s 220% distribution coverage and 19th straight distribution hike underpin a stable, fee‑driven cash flow model. A forward EV/EBITDA of 8.5x suggests the stock is undervalued relative to its double‑digit growth prospects and strategic pipeline expansion.

What did this article say?

Energy Transfer (ET) is highlighted as a compelling high‑yield dividend play, offering about 6.3% and a strong track record of dividend growth. The company’s robust cash flow and resilient earnings support continued payouts and potential increases. Wall Street consensus rates ET a "Strong Buy," underscoring investor confidence in its infrastructure assets and strategic investments.

What did this article say?

Energy Transfer LP (ET) will move its primary listing from the NYSE to the Texas Stock Exchange in early October, becoming the first major company to make such a switch. The move is intended to enhance investor visibility and potentially improve valuation, though the company faces uncertainty about the long‑term benefits. The Texas exchange, backed by ET’s chairman Kelcy Warren, could gain credibility from ET’s $75 billion market value. Investors should monitor how the listing transition affects trading volume and analyst coverage. The shift also signals ET’s strategic focus on its Texas‑based operations and could influence regulatory scrutiny. Overall, the change is a modest tailwind with some risk of limited impact.

What did this article say?

Energy Transfer LP (ET) has recently risen to the top of Zacks.com’s most searched stocks list, reflecting growing investor interest. The company’s shares have outperformed the S&P 500 and its sector over the past month, yet the article does not provide new earnings guidance or operational updates. Analysts emphasize that earnings estimate revisions are the primary driver of valuation changes for ET, but no concrete revisions are disclosed. Investors should watch for upcoming earnings releases and any material changes in pipeline or regulatory developments. The current trend is driven more by speculation than by substantive corporate news. As a result, the article presents a mild positive bias with limited actionable insight.

What did this article say?

Energy Transfer (ET) has generated an annualized return of 18.71% over the past five years, outperforming the broader market by 7.17%. The company’s market capitalization stands at $74.55 billion, reflecting steady growth and investor confidence. This performance underscores ET’s strong asset base and effective dividend strategy, positioning it as a resilient player in the midstream sector.

Technical Analysis

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Institutional & Hedge Fund Ownership

25 tracked managers · $8.38B combined position · 9 adding, 9 trimming, 7 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Morgan Stanley	▼ Sell	85,820,194	2.50%	$1.64B	2026-08-13
JPMorgan Chase & Co	▲ Buy	81,080,493	2.36%	$1.55B	2026-08-12
Goldman Sachs Group Inc	▲ Buy	62,819,419	1.83%	$1.20B	2026-08-14
Invesco Ltd.	▼ Sell	54,927,735	1.60%	$1.05B	2026-08-14
Blackstone Inc.	▲ Buy	35,782,842	1.04%	$684.17M	2026-08-14
Bank of America Corp	▼ Sell	28,139,938	0.82%	$538.04M	2026-08-14
FMR LLC (Fidelity)	▼ Sell	21,972,865	0.64%	$420.12M	2026-08-13
Susquehanna International Group, LLP	▲ Buy	17,059,385	0.50%	$326.18M	2026-08-14
Neuberger Berman Group LLC	▲ Buy	16,691,083	0.49%	$319.13M	2026-08-13
Wells Fargo & Company	▲ Buy	13,392,705	0.39%	$252.38M	2026-08-14
Citadel Advisors LLC	• Hold	5,958,700	0.17%	$113.93M	2026-09-02
Citigroup Inc	▲ Buy	5,728,052	0.17%	$109.52M	2026-08-03
BlackRock, Inc.	▲ Buy	4,017,925	0.12%	$76.82M	2026-08-07
Millennium Management LLC	• Hold	2,000,000	0.06%	$36.26M	2025-08-14
Appaloosa LP	• Hold	1,576,125	0.05%	$30.14M	2026-08-14
Wellington Management Group LLP	• Hold	924,000	0.03%	$15.86M	2025-11-14
Northern Trust Corp	▼ Sell	734,066	0.02%	$14.04M	2026-08-13
GoldenTree Asset Management LP	▼ Sell	184,793	0.01%	$3.53M	2026-08-14
Geode Capital Management, LLC	• Hold	135,395	0.00%	$2.45M	2025-08-08
Balyasny Asset Management L.P.	▼ Sell	120,000	0.00%	$1.98M	2026-02-17
Squarepoint Ops LLC	▼ Sell	65,300	0.00%	$1.08M	2026-02-13
Ancora Advisors LLC	▼ Sell	36,417	0.00%	$696.3K	2026-08-14
Fisher Asset Management, LLC	▲ Buy	29,736	0.00%	$568.6K	2026-08-04
Gotham Asset Management, LLC	• Hold	18,249	0.00%	$348.9K	2026-08-14
Harris Associates L P	• Hold	16,500	0.00%	$299.1K	2025-08-14

Q2 2026 flow:17.68M sh bought ($337.35M)7.62M sh sold ($145.69M)net +10.06M sh (+$191.66M)

Congressional Trading Activity

5 disclosed trades · ~$156.0K est. traded value · 1 buys, 4 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Brian Babin	House	TX36	▼ Sell	$1K - $15K	2026-05-05	2026-05-18
Virginia Foxx	House	NC05	▼ Sell	$15K - $50K	2025-06-24	2025-07-03
Virginia Foxx	House	NC05	▼ Sell	$50K - $100K	2025-03-07	2025-04-04
Virginia Foxx	House	NC05	▲ Buy	$1K - $15K	2025-02-19	2025-03-03
Virginia Foxx	House	NC05	▼ Sell	$15K - $50K	2024-12-06	2025-01-06

ET·Energy Transfer LP

EPS

Revenue

ET Stock Snapshot

What growth is priced into ET?

What ET's own history says about today's numbers

Is money rotating into or out of ET's sector?

What is the options market pricing for ET?

Are analysts turning bullish or bearish on ET?

ET Competitive Positioning

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Market Status

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ET·Energy Transfer LP

EPS

Revenue

ET Stock Snapshot

What growth is priced into ET?

What ET's own history says about today's numbers

Is money rotating into or out of ET's sector?

What is the options market pricing for ET?

Are analysts turning bullish or bearish on ET?

ET Competitive Positioning

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News