Energy Transfer LP (ET)
| Market Cap | 46.71B |
| Revenue (ttm) | 78.56B |
| Net Income (ttm) | 3.32B |
| Shares Out | 3.36B |
| EPS (ttm) | 1.06 |
| PE Ratio | 12.72 |
| Forward PE | 9.34 |
| Dividend | $1.25 (9.27%) |
| Ex-Dividend Date | Oct 27, 2023 |
| Volume | 16,225,915 |
| Open | 13.74 |
| Previous Close | 13.76 |
| Day's Range | 13.44 - 13.77 |
| 52-Week Range | 11.37 - 14.15 |
| Beta | 1.62 |
| Analysts | Strong Buy |
| Price Target | 16.00 (+18.69%) |
| Earnings Date | Nov 1, 2023 |
About ET
Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,945 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. The company owns and operates natural gas gathering and natural... [Read more]
Financial Performance
In 2022, ET's revenue was $89.88 billion, an increase of 33.31% compared to the previous year's $67.42 billion. Earnings were $4.33 billion, a decrease of -16.39%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for ET stock is "Strong Buy." The 12-month stock price forecast is $16.0, which is an increase of 18.69% from the latest price.
News
Sunoco LP Announces 2024 Operational and Financial Guidance
DALLAS , Dec. 4, 2023 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced its operational and financial guidance for 2024. Presentation materials discussing the guidance...
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How To Earn $500 A Month From Energy Transfer Stock - Energy Transfer (NYSE:ET)
Energy Transfer LP ET shares closed higher on Thursday as investors assessed the OPEC+ decision.
Refiners, transporters surge: Niche energy markets defy oil slump
Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.
Cooperman expects ‘very little' from market but likes this one stock
Leon Cooperman – the Chief Executive of Omega Advisors says he does not expect much from the market at large.
Energy Transfer inks non-binding deal to supply crude to France's TotalEnergies
U.S. pipeline operator Energy Transfer said on Thursday it has signed a non-binding agreement to supply crude oil to French energy major TotalEnergies from its upcoming Blue Marlin oil export project.
Energy Transfer Announces a Heads of Agreement With TotalEnergies for Crude Offtake From Its Blue Marlin Offshore Project
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) announced today it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed...
CapturePoint Secures Dedication of CO2 for CENLA Hub From Southwestern Energy Company
ALLEN, Texas--(BUSINESS WIRE)--CapturePoint LLC (together with its affiliates, “CapturePoint”) announced today that a subsidiary of Southwestern Energy Company (“Southwestern”) (NYSE: SWN) has agreed ...
Energy Transfer Completes Acquisition of Crestwood
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) announced today the completion of its previously announced merger with Crestwood Equity Partners LP (“Crestwood”). The merger...
Energy Transfer Reports Third Quarter 2023 Results
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) (“Energy Transfer” or the “Partnership”) today reported financial results for the quarter ended September 30, 2023. Energy Transfer reported net i...
Energy Transfer and Crestwood Announce Preliminary Election Results of Crestwood Preferred Unitholders
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today the preliminary results of the election...
Sunoco LP Announces Third Quarter 2023 Financial and Operating Results
Reports third quarter results including net income of $272 million, Adjusted EBITDA(1) of $257 million and Distributable Cash Flow, as adjusted(1) of $181 million Increases full-year 2023 Adjusted EBI...
Leading Independent Proxy Advisory Firm Glass Lewis Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Glass Lewis & Co. (“Glass Lewis”) recommends that unithol...
Energy Transfer and Crestwood Announce Election Deadline for Crestwood Preferred Unitholders to Elect Form of Merger Consideration
DALLAS & HOUSTON--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) (“Energy Transfer”) and Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that, in connection with Energy Transfe...
Sunoco LP Maintains Quarterly Distribution
DALLAS , Oct. 20, 2023 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the third quarter of 2023 of $0....
Energy Transfer Announces Increase in Quarterly Cash Distribution
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.3125 per Energy Transfer common unit ($1.25 on an annualized basis) for the third quarter end...
Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (“ET”) today announced the quarterly cash distribution of $0.6488671 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.662155...
Leading Independent Proxy Advisory Firm ISS Recommends Crestwood Unitholders Vote “FOR” the Transaction with Energy Transfer
HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) recommends tha...
Shell calls Energy Transfer reliable, supports LNG license application
Shell PLC has submitted a letter to the U.S. Energy Department in support of Energy Transfer's request for a new license to export liquefied natural gas (LNG) to countries without free trade agreement...
Kenvue Inc. (KVUE) Investor Alert: Robbins LLP Informs Investors of Class Action Filed Against Kenvue Inc.
SAN DIEGO--(BUSINESS WIRE)---- $ET #IPO--Kenvue Inc. (KVUE) Made False and Misleading Statements in its Registration Statement in Support of its IPO.
Energy Transfer LP Announces Pricing of $4.0 Billion of Senior Notes
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced the pricing of its $1.0 billion aggregate principal amount of 6.050% senior notes due 2026, $500 million aggregate principal amou...
Energy Transfer Announces Third Quarter 2023 Earnings Release and Earnings Call Timing
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced that it plans to release earnings for the third quarter of 2023 on Wednesday, November 1, 2023, after the market closes. The comp...
CRESTWOOD EQUITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Crestwood Equity Partners LP - CEQP
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Crestwood Equity...
Sunoco LP Announces Third Quarter 2023 Earnings Release and Call Timing
DALLAS, Oct. 5, 2023 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that it will release its third quarter 2023 financial and operating results before the market opens on Wednesday, November ...
These 2 Dividend Stocks Yield Over 8% — And Morgan Stanley Sees Major Upside Ahead
When the stock market was soaring, dividends of a few percent probably didn't seem like much. But in 2022 — when the benchmark S&P 500 tumbled nearly 20% — many investors learned the hard way that sto...