Energy Transfer LP (ET)
| Market Cap | 53.68B |
| Revenue (ttm) | 81.22B |
| Net Income (ttm) | 3.56B |
| Shares Out | 3.37B |
| EPS (ttm) | 1.09 |
| PE Ratio | 14.64 |
| Forward PE | 9.78 |
| Dividend | $1.27 (7.96%) |
| Ex-Dividend Date | May 10, 2024 |
| Volume | 9,876,711 |
| Open | 15.87 |
| Previous Close | 15.83 |
| Day's Range | 15.79 - 15.99 |
| 52-Week Range | 12.31 - 16.40 |
| Beta | 1.63 |
| Analysts | Strong Buy |
| Price Target | 18.50 (+15.92%) |
| Earnings Date | May 8, 2024 |
About ET
Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plant, and treating and conditioning facilities in Texas, New Mexic... [Read more]
Financial Performance
In 2023, ET's revenue was $78.59 billion, a decrease of -12.56% compared to the previous year's $89.88 billion. Earnings were $3.47 billion, a decrease of -19.88%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ET stock is "Strong Buy." The 12-month stock price forecast is $18.5, which is an increase of 15.92% from the latest price.
News
Energy Transfer Reports Strong First Quarter 2024 Results
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended March 31, 2024. Energy Transfer reported net incom...
CapturePoint Announces Agreements with Energy Transfer for Carbon Capture and Storage in Louisiana
ALLEN, Texas--(BUSINESS WIRE)--CapturePoint LLC and affiliate CapturePoint Solutions LLC, (together “CapturePoint”) with offices in Allen, Texas, today announced the signing of a revised Letter of Int...
Sunoco LP Announces First Quarter 2024 Financial and Operating Results
Reports record first quarter net income of $230 million and Adjusted EBITDA(1) of $242 million Increases full year 2024 Adjusted EBITDA(1)(2) guidance to $1.46 billion to $1.52 billion, to include the...
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Sunoco LP Announces Purchase of NuStar Preferred Units and Full Redemption of NuStar Logistics Subordinated Notes
DALLAS , May 3, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced that, on June 3, 2024 (the "Redemption Date"), (a) SUN will purchase all outstanding units of (i...
Sunoco LP Completes Acquisition of NuStar Energy L.P.; Announces a 4% Increase in Quarterly Distribution
DALLAS , May 3, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced the completion of the acquisition of NuStar Energy L.P. ("NuStar") and a 4% increase in its quarterly distribution.
Sunoco LP and NuStar Energy L.P. Announce NuStar's Unitholder Approval of the Sunoco Transaction
DALLAS , May 1, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE: NS) ("NuStar" or "NS") announced the approval by NuStar unitholders of the previously annou...
Energy Transfer Announces Increase in Quarterly Cash Distribution
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced an increase in its quarterly cash distribution to $0.3175 per Energy Transfer common unit ($1.27 on an annualized basis) for the ...
Energy Transfer LP Announces Cash Distribution on Series I Preferred Units
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.2111 per Series I Preferred Unit (NYSE: ETprI). The cash distribution for the Series I unithold...
Sunoco LP Completes Acquisition of European Liquid Fuels Terminals and Divestiture of West Texas Assets; Reaffirms 2024 Adjusted EBITDA Guidance Range
DALLAS , April 17, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced the completion of the acquisition of liquid fuels terminals from Zenith Energy and the divest...
Sunoco LP Announces Pricing of Private Offering of Senior Notes
DALLAS , April 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has priced at 100% a private offering (the "offering") of 7.000% senior notes due 2029 in an aggregate ...
Sunoco LP Announces Private Offering of Senior Notes
DALLAS , April 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced a private offering (the "offering") of senior notes due 2029 in an aggregate principal amount of $750 million (...
Energy Transfer: Is Bill Gross's favourite stock a good buy?
Energy Transfer (NYSE: ET) stock price has staged a strong recovery this year as energy companies continued thriving. It jumped to a high of $16 on Monday, its highest level since June 2015.
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Sunoco LP Announces First Quarter 2024 Earnings Release and Call Timing
DALLAS , April 5, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that it will release its first quarter 2024 financial and operating results before the market opens on Wednesday, May 8, ...
Snowflake, Inc. Stockholder News: Robbins LLP Reminds Investors of Upcoming Lead Plaintiff Deadline in the SNOW Class Action
SAN DIEGO--(BUSINESS WIRE)---- $ET #SNOW--Robbins LLP Reminds Investors of Upcoming Lead Plaintiff Deadline in the SNOW Class Action.
Energy Transfer Announces First Quarter 2024 Earnings Release and Earnings Call Timing
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the first quarter of 2024 on Wednesday, May 8, 2024, after the market closes. The company w...
Energy Transfer LP Announces Full Redemption Of Series E Preferred Units
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today issued a notice to redeem all of its outstanding Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Unit...
Portfolio manager: Buy Energy Transfer stock and avoid Halliburton
As global conflict and OPEC+ price cuts drive oil prices higher (BZ=F, CL=F), the latest edition of Good Buy or Goodbye with Tortoise Senior Portfolio Manager Rob Thummel offers investors the energy s...
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Sunoco LP Files 2023 Annual Report on Form 10-K
DALLAS , Feb. 16, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") on February 16, 2024, filed operational and financial results for the fiscal year ended December 31, 2023, on ...
Energy Transfer LP Files 2023 Annual Report
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced it has filed its annual report on Form 10-K for the year ended December 31, 2023 with the Securities and Exchange Commission (SEC...
Energy Transfer Reports Strong Fourth Quarter 2023 Results and Announces 2024 Outlook
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter and year ended December 31, 2023. Energy Transfer report...
Sunoco LP Announces Fourth Quarter and Full Year 2023 Financial and Operating Results
Delivers record full year 2023 financial and operating results Reports fourth quarter volume of over 2.2 billion gallons, highest in the Partnership's history Reaffirms full year 2024 Adjusted EBITDA(...
Sunoco LP Maintains Quarterly Distribution
DALLAS , Jan. 25, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the fourth quarter of 2023 of $0...