ET|Analyst Targets
ET|Company Info
ET|Insider Trading
ET|Fundamentals
ET|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $0.41 | - | - |
| Q3'26 | $0.42 | $0.33 | -20.5% |
| Q2'26 | $0.37 | $0.59 | +60.4% |
| Q4'25 | $0.38 | $0.25 | -34.1% |
| Q4'24 | $0.37 | $0.29 | -22.5% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $32.0B | - | - |
| Q3'26 | $32.6B | $37.1B | +14.0% |
| Q2'26 | $29.1B | $34.3B | +18.0% |
| Q4'25 | $24.8B | $25.3B | +2.0% |
| Q4'24 | - | $19.5B | - |
ET|Monthly Returns
Market Data
ET Stock Snapshot
- Market cap
- 67.01B
- P/E ratio
- 12.7
- Day range
- $18.95 – $19.48
- News sentiment
- 55/100 · Neutral
- Analyst target
- $24.70 (+30.3%)
- Consensus
- Buy · 33 analysts
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?
At today's price, Energy Transfer LP needs to grow free cash flow about 0.3% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 6.19% cost of capital. Over the last five years its revenue has trended at 4.0% a year, so the market is asking for 3.7 percentage points below its own delivered rate. On that basis ET looks priced below what its own growth record supports.
- Implied FCF growth
- 0.3%
- Growth trend
- 4.0%
- Growth gap
- -3.7 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 6.19%
- Beta
- 0.70
Behaviour On Record
What ET's own history says about today's numbers
- Realized volatility (21d)
- 21.1% 33rd pct
- Below its peak
- -44.3%
- vs 200-day average
- -0.4%
- Up days (1y)
- 51%
Energy Transfer LP is currently running 21.1% 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 33rd percentile — on the quiet side for this stock, against a typical reading of 27.5%.
ET is trading -44.3% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -26.9%, 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 -0.4% from its 200-day moving average. Against every other day in its history, that gap ranks at the 40th percentile — close to the gap it normally carries. Over the past year ET closed higher on 51% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, ET finished the month higher 6 of 13 times, with a median return of -1.2% and an average of +1.1%. Its strongest month historically has been April at +11.6% on average, its weakest September at -4.9%.
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%.
Across the last 3 dated reports on file, ET moved an average of 1.7% in the session after earnings, closing higher 2 of those 3 times, with a median move of +0.1% and a largest of -3.5%.
All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, 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 8th of 12 GICS sectors by relative-strength rotation score (weakening).
- Sector rank
- #8 of 12
- Sector state
- Weakening
- Sector rotation score
- 27
Analyst Consensus Estimates
What do analysts expect ET to earn?
Analysts expect Energy Transfer LP to earn $1.74 per share in the fiscal year ending Dec 2026 and $1.70 in the fiscal year ending Dec 2027, from 16 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.
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
Earnings Release, Scored
What did Energy Transfer LP's latest earnings release say?
Most important lines
- 1
When it enters service, projected in 2030, the project will give shippers greater access to natural gas from multiple basins across the Southeastern U.S.
New this quarter - 2
The Partnership has secured long-term, demand-based transportation agreements to support the construction of a 36-inch pipeline with a capacity of 1.2 Bcf/d, at an expected cost of approximately $1.6 billion.
New this quarter - 3
In November, Energy Transfer reached positive final investment decision (FID) on the 215-mile South Mississippi Pipeline Project.
New this quarter
Peers
ET peers
Oil & Gas MidstreamMarket cap · today
News & sentiment
What is the news saying about ET?
ET fell 7.2% over the month to Nov 5. News tone held between 30 and 62 from Oct 5 to Oct 9, then jumped to 81 on Oct 12.
- Oct 15 -1.7%same day: Energy Transfer: Downgrading After A Strong Run
- Nov 2 -2.7%same day: Energy Transfer: Another Beat And Raise On Deck, Bear Case Evaporating, Stay Long (Rating Downgrade)
- Nov 4 -3.5%same day: Energy Transfer Q3 Earnings Call Highlights
Technical analysis
How strong is ET's momentum right now?
On the daily chart ET ranks at the 70th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.
Institutional ownership
Are big funds buying or selling ET?
39 of the 80 tracked managers added to ET in their latest 13F and 32 trimmed. Together they own 16.4% of the company, worth $11.0B. Morgan Stanley and JPMorgan Chase alone hold 4.7%.
- 1Morgan Stanley2.42%$1.6B positionTrimmed 1.9% last quarter
- 2JPMorgan Chase & Co2.29%$1.5B positionAdded 12.3% last quarter
- 3Goldman Sachs Group Inc1.78%$1.2B positionAdded 4.0% last quarter
- 4Invesco Ltd.1.55%$1.1B positionTrimmed 2.1% last quarter
- 5Blackstone Inc.1.01%$684.2M positionAdded 15.0% last quarter
- 6UBS Group AG0.86%$584.1M positionTrimmed 1.4% last quarter
- 7Bank of America Corp0.80%$538.0M positionTrimmed 9.1% last quarter
- $466.8M positionAdded 2.2% last quarter
- 9FMR LLC (Fidelity)0.62%$420.1M positionTrimmed 7.5% last quarter
- 10Natixis0.61%$409.2M positionAdded 0.1% last quarter
Congressional trading
Is Congress trading ET?
2 members of Congress disclosed 5 ET trades between Dec 6, 2024 and May 5, 2026: 1 buy and 4 sells, about $156.0K in estimated value.
What stands out
Click one to highlight its trades in the chartDiscover more
How has ET done against its peers?
Over the six months to Nov 5, ET returned −5.9%. Of the 15 related stocks and ETFs, 12 did better, led by MPC at +44.8%.
- 1MPCMarathon Petroleum Corporationup 44.8%+50.8 pts
- 2VLOValero Energy Corporationup 39.9%+45.9 pts
- 3PSXPhillips 66up 37.3%+43.3 pts
- 4CVXChevron Corporationup 11.2%+17.1 pts
- 5COPConocoPhillipsup 10.5%+16.4 pts
- 6XOMExxon Mobil Corporationup 7.2%+13.2 pts
- 7XLEEnergy Select Sector SPDR Fundup 4.3%+10.2 pts
- 8CNQCanadian Natural Resources Limitedup 2.5%+8.5 pts
- 13ETThis stockdown 5.9%
- 16OIHVanEck Oil Services ETFdown 21.0%−15.0 pts