Energy Transfer LP (ET)

NYSE: ET · IEX Real-Time Price · USD
13.48
-0.28 (-2.03%)
At close: Dec 6, 2023, 4:00 PM
13.54
+0.06 (0.42%)
Pre-market: Dec 7, 2023, 8:56 AM EST
-2.03%
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]

Sector Energy
IPO Date Feb 3, 2006
Employees 12,565
Stock Exchange NYSE
Ticker Symbol ET
Full Company Profile

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 Statements

Analyst 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.

Price Target
$16.0
(18.69% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

Other symbols: SUN
3 days ago - PRNewsWire

Top Wall Street analysts expect these dividend stocks to enhance total returns

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Home Depot and Walmart.

Other symbols: HDSUNVICIWMT
4 days ago - CNBC

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.

6 days ago - Benzinga

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.

Other symbols: CVXENBEPDEQTKMIMPCMPLX
13 days ago - MarketBeat

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.

16 days ago - Invezz

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.

Other symbols: TTE
21 days ago - Reuters

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...

21 days ago - Business Wire

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 ...

Other symbols: SWN
21 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

Other symbols: CEQP
5 weeks ago - Business Wire

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...

Other symbols: SUN
5 weeks ago - PRNewsWire

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...

Other symbols: CEQP
6 weeks ago - Business Wire

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...

Other symbols: CEQP
6 weeks ago - Business Wire

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....

Other symbols: SUN
6 weeks ago - PRNewsWire

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...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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...

Other symbols: CEQP
7 weeks ago - Business Wire

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...

Other symbols: SHEL
7 weeks ago - Reuters

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.

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

Other symbols: CEQP
2 months ago - Business Wire

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 ...

Other symbols: SUN
2 months ago - PRNewsWire

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...

Other symbols: VZ
2 months ago - Benzinga