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

Technical Score (1D)

BUY

News Sentiment

BULLISH

Energy Transfer’s latest analyst consensus upgrade to “Strong Buy” and its 6.3 % dividend yield underscore a firm‑wide confidence that cash flow will continue to support dividend growth, a key driver for the next 1–10 trading days. The upgrade follows the company’s recent earnings, which showed robust cash generation and a stable operating margin, reinforcing the view that dividend payouts can be maintained or even increased. Traders should watch the upcoming earnings release for any guidance on future cash‑flow projections, as a tighter forecast could temper the dividend narrative. In parallel, Energy Transfer’s announced move of its primary listing from the NYSE to the Texas Stock Exchange in early October is poised to enhance investor visibility and potentially lift valuation by aligning the firm with a regional exchange that reflects its Texas‑centric operations. The transition could also affect analyst coverage and trading volume, so monitoring post‑listing trading activity and any changes in analyst recommendations will be important. The company’s recent rise to the top of Zacks’ most‑searched list and its outperformance of the S&P 500 and the broader oil‑and‑gas pipeline sector suggest that market sentiment is currently favorable, but this momentum is largely driven by sector dynamics rather than new corporate catalysts. As the pipeline sector remains sensitive to commodity price swings and regulatory developments, traders should keep an eye on any shifts in oil‑price forecasts or pipeline expansion approvals that could influence Energy Transfer’s operating environment.

ET|Analyst Targets

LOW TARGET

$22 +3.0%

2 analysts

MEAN TARGET

$25 +15.1%

10 analysts

HIGH TARGET

$28 +31.1%

20 analysts

PRICE RANGE

$22.00 - $28.00

SB / B / H / S / SS

12/14/4/1/1

DAILYIQ EST.

$25.24 (+18.2%)

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

Neutral / mixed

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 operates as a U.S. midstream energy infrastructure company, transporting and storing natural gas, NGLs, and crude oil across a network of over 32,000 miles of gas pipelines and 5,700 miles of NGL pipelines, while also marketing motor fuels under Sunoco and EcoMaxx brands. In Q4 2024, the company reported EPS of $0.29 versus an estimate of $0.37, and revenue of $19.5 billion, slightly above the $19.4 billion estimate, indicating a modest revenue beat but an EPS miss. The following year, Q4 2025 EPS fell to $0.25 against a $0.38 estimate, while revenue rose to $25.3 billion, a 3.1% increase, showing continued top‑line growth but earnings lagging expectations. Q2 2026 EPS surged to $0.59 against a $0.39 estimate, with revenue jumping to $34.3 billion from an $29.1 billion estimate, reflecting a strong earnings rebound and significant revenue upside. Historically, Energy Transfer has displayed a mixed earnings trajectory, with revenue consistently beating estimates but EPS often missing, suggesting that cost pressures or capital expenditures may be eroding profitability. Recent news reports a sharp divergence between gas and oil businesses, with Texas regulation and data‑center demand expected to lift gas output, while oil remains volatile; insider buying and a 6.4% yield supported by fee‑based contracts highlight investor confidence. Investors should watch for the next earnings release to confirm the gas‑output upside, monitor regulatory developments in Texas that could affect oil operations, and track any changes to capacity‑utilization guidance, as these will shape the company’s ability to sustain its high dividend yield and manage earnings volatility.

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	$31.5B	-	-
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

BUY82/100

$21.36−$0.13 (0.6%)

Market cap: 74.20B
P/E ratio: 14.0
Day range: $21.34 – $21.63
News sentiment: 62/100 · Bullish
Analyst target: $24.58 (+15.1%)
Consensus: Buy · 32 analysts

52-week range+32.0% off low · -2.2% from high

$16.18$21.84

Price $21.36 DailyIQ Est. $25.24

The signal on ET is bullish: price action is confirming the underlying trend, not fighting it. 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 11.7% a year for the next 10 years to justify its valuation at a 6.65% cost of capital. Over its actual history it has compounded free cash flow at 51.1% a year, so the market is asking for 39.4 percentage points below its own delivered rate. On that basis ET looks priced below what its own growth record supports.

Implied FCF growth: 11.7%
Historical FCF CAGR: 51.1%
Growth gap: -39.4 pts
Verdict: CHEAP
Discount rate (WACC): 6.65%
Beta: 0.72

Behaviour On Record

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

Realized volatility (21d): 13.0% 5th pct
Below its peak: -39.1%
vs 200-day average: +12.9%
Up days (1y): 50%

Energy Transfer LP is currently running 13.0% 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 5th 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 -39.1% 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 +12.9% from its 200-day moving average. Against every other day in its history, that gap ranks at the 80th percentile — a somewhat wider gap than its own norm. Over the past year ET closed higher on 50% of sessions, and it is currently 2 sessions into a falling streak.

On September specifically: over 13 years of records, ET finished the month higher 4 of 13 times, with a median return of -3.1% and an average of -3.9%. Its strongest month historically has been April at +11.6% on average, its weakest March at -3.9%. 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 3,267 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 3,268 daily closes between 2013-09-16 and 2026-09-14, 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 (lagging).

Sector rank: #11 of 11
Sector state: Lagging
Sector rotation score: 10

Options Market

What is the options market pricing for ET?

CallsPuts

For Energy Transfer LP's nearest expiry (2026-09-18, 3 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.17), with at-the-money implied volatility around 24.8%. The options market is pricing roughly a ±2.1% move by that expiry — a range of about $21.03–$21.93.

Put/call ratio (2026-09-18): 0.17
ATM implied volatility: 24.8%
Total open interest: 82,828
Expected move by 2026-09-18: ±2.1% ($21.03–$21.93)

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$74.2B-0.60%
WMBThe Williams Companies, Inc.$89.1B-0.68%
KMIKinder Morgan, Inc.$68.9B-0.90%
TRGPTarga Resources Corp.$62.2B-0.03%
OKEONEOK, Inc.$60.9B-0.59%

News Sentiment Analysis

Sentiment gathered from recent headlines

62/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

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

10+ articles

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) offers a 6.25% dividend yield, positioning it as a top income play among midstream energy stocks. The yield reflects a trade‑off: investors receive a K‑1 tax form and must accept the long‑term decline in natural gas volumes. Despite the tax complexity, ET’s dividend remains attractive relative to peers such as Altria and AT&T, whose yields have slipped. The company’s cash flow generation and debt profile support continued dividend payments, but the tax implications may deter some income‑focused investors. Traders should monitor ET’s quarterly dividend declarations and any changes to its tax reporting structure.

What did this article say?

Energy Transfer (ET) offers a 6.2% dividend yield, translating to $1.36 per share annually. To generate $1,000 in passive income, an investor would need approximately 735 shares, costing around $16,000 at current prices. The article highlights the attractiveness of ET’s dividend for retirees and income‑seeking investors. While the yield is generous, the calculation underscores the need to consider share price volatility and potential tax implications of dividend income. Investors should evaluate whether the dividend return justifies the equity exposure and aligns with their portfolio strategy.

What did this article say?

Analyst highlights ET as a high‑yield, monthly‑paying dividend stock with a strong track record of total‑return outperformance. The piece positions ET as a compelling passive‑income vehicle, especially when priced attractively. The recommendation is to consider ET as part of a high‑yield portfolio, noting its resilience and consistent cash flow. The analysis underscores the potential upside if the stock trades below its historical valuation multiples.

What did this article say?

Energy Transfer (ET) is highlighted as a top buy by Motley Fool, citing its attractive 6.3% yield, growing distribution, and strong growth prospects. The company benefits from a boom in natural gas demand driven by AI data centers and expanding LNG exports, positioning it in several high‑return pipeline projects. Its valuation remains among the cheapest in the sector, reinforcing the buy recommendation. The article frames ET as a leading candidate for investors seeking high yield and growth in the energy space.

What did this article say?

Energy Transfer (ET) climbed to a 10‑year high after announcing a move to list on the Texas Stock Exchange, signaling a strategic shift that could improve liquidity and market visibility. The company’s robust cash generation and resilient midstream operations underpin investor confidence, while the exchange change is viewed as a catalyst for potential valuation uplift. Analysts note that the listing move may also streamline regulatory oversight and reduce transaction costs, further supporting a positive outlook. Traders should monitor the completion of the exchange transition and any accompanying regulatory approvals.

What did this article say?

Energy Transfer (ET) continues to attract income investors with a forward yield of 6.3%, supported by its extensive pipeline network and low distribution costs. While the company’s business model protects it from commodity price swings, the article highlights that the yield is largely maintained by retaining a significant portion of distributable cash flow. There is no immediate catalyst for a material upside or downside, but the stability of the yield remains a central theme for investors. Market participants should watch for any changes in distribution policy or regulatory developments that could affect cash flow and yield sustainability.

Technical Analysis

Real-time indicators across multiple timeframes

BUY

Technical indicators reflect the latest computed signal mix for this timeframe.

Unlock full technicals

Create a free account to access more indicators and deeper timeframe data.

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	2.47%	$1.64B	2026-08-13
JPMorgan Chase & Co	▲ Buy	81,080,493	2.33%	$1.55B	2026-08-12
Goldman Sachs Group Inc	▲ Buy	62,819,419	1.81%	$1.20B	2026-08-14
Invesco Ltd.	▼ Sell	54,927,735	1.58%	$1.05B	2026-08-14
Blackstone Inc.	▲ Buy	35,782,842	1.03%	$684.17M	2026-08-14
Bank of America Corp	▼ Sell	28,139,938	0.81%	$538.04M	2026-08-14
FMR LLC (Fidelity)	▼ Sell	21,972,865	0.63%	$420.12M	2026-08-13
Susquehanna International Group, LLP	▲ Buy	17,059,385	0.49%	$326.18M	2026-08-14
Neuberger Berman Group LLC	▲ Buy	16,691,083	0.48%	$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	0.16%	$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

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News

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

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News