Stock Analysis
Energy Transfer LP Common Units representing limited partner interestsET
P/E 13.19×· 5Y range 12.69–15.47×· bottom 8% of history
Sector: Utilities · Industry: Natural Gas Transmission
AnalystsStrong Buy30 analystsP/E 13.2× sits at the 8th percentile of its 5.086926762491444-year history.
Cash covers 2% of debt · FY 2025.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Quality82
Risks
- Growth24
- Profitability30
Cheap for a reason — fundamentals remain weak.
Bull Case
- ✓ROE 15.2% — efficient capital deployment
- ✓P/E 13.2× at bottom 8% of 5-year history
What's happening with ET
Profile
Strong valuation and earnings quality; growth, moat, profitability and financial health lag behind.
How is each axis scored?
- Valuation90/100 · Strong
- P/E vs own history (8th pct)25/25
- FCF yield (7.5%)20/25
- P/S (0.6x)25/25
- EV/EBIT (12.7x)20/25
- Growth24/100 · Weak
- Revenue CAGR (6.1%)12/25
- Net income CAGR (-5.1%)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (8.0%)12/25
- Profitability30/100 · Weak
- ROIC (12.7%)12/25
- ROE (n/a)0/25
- Net margin (4.9%)6/25
- Operating margin (10.0%)12/25
- Financial Health30/100 · Weak
- Altman Z (0.84)3/25
- Current ratio (1.22)12/25
- Interest coverage (3.1x)10/25
- Net cash / debt (D/A 47%)5/25
- Quality82/100 · Strong
- Piotroski F (6/9)15/25
- Beneish M (-2.39)20/25
- FCF conversion (99%)22/25
- Margin stability (σ 3.6%)25/25
- Moat29/100 · Weak
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (24.3%)6/25
- FCF-positive years (8/10 yrs)18/25
- Worst-year net margin (worst -1.7%)5/25
Risk Flags
- ⚠Altman Z 0.8 — distress-zone balance sheet
About Energy Transfer LP Common Units representing limited partner interests
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. Show more
It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.
Headquarters: DALLAS, TX · Employees: 22,311 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
90A+P/E (TTM)13.1xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 12.7x–15.5x · 8th pct
P/FCF12.6xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
FCF Yield7.5%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 5.4%–8.0% · 74th pct · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
P/S (TTM)0.65xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.6x–0.7x · 25th pct
EV/EBIT12.7xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 12.5x–14.3x · 5th pct
EV/Sales1.3xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E12.2xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.86xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.81A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield6.98%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio90.4%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
Profitability
30DROIC12.7%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE15.2%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA3.7%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin4.9%D
Grade D: LowNet Income / Revenue
Operating Margin10.0%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin23.6%D
Grade D: LowGross Profit / Revenue
FCF Margin4.9%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
True FCF Margin4.7%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
Growth
24ERevenue CAGR6.1%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-5.1%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth8.0%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income3.1%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.2%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
30DAltman Z-Score0.84D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.22xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.94xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.1xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment12.8yD
Grade D: SlowYears to repay net debt via FCF · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
Net Debt/EBIT6.2xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.94xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.02xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
82APiotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.39A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion98.7%A
Grade A: StrongFCF / Net Income · Elevated investment — CapEx = 57% of operating cash flow, weighing on reported FCF
Margin Stability3.6%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue6.4%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.76xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
WARREN KELCY L Filed | WARREN KELCY L | BuyOpen market buy | +648.0K | |
WARREN KELCY L Filed | WARREN KELCY L | BuyOpen market buy | +352.0K | |
Perry James Richard Filed | Perry James Richard | BuyOpen market buy | +12.4K | |
WARREN KELCY L Filed | WARREN KELCY L | Grant / award | +1.11M | |
Ramsey Matthew S. Filed | Ramsey Matthew S. | Grant / award | +7.4K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Grimm Michael K Filed | Grimm Michael K | Grant / award | +7.4K | |
MCREYNOLDS JOHN W Filed | MCREYNOLDS JOHN W | Grant / award | +7.4K | |
Anderson Steven R. Filed | Anderson Steven R. | Grant / award | +7.4K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
29EROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)24.3%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years8/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-1.7%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.54
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.30
Cash & short-term investments per share (Finnhub)
Book Value / Share$10.26
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$68.31B
Total debt obligations (short + long term)
Cash & Equiv.$1.27B
Cash and short-term investments
Net Debt$67.04B
Total Debt minus Cash. Negative = Net Cash position
Total Equity—
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$69.49B
Current Market Capitalization
Beta0.63B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Energy Transfer LP Common Units representing limited partner interests (ET)
ET is up 1.91% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Energy Transfer LP Common Units representing limited partner interests. Altman Z-Score of 0.84 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.39 suggests a low likelihood of earnings manipulation.
- Takes ~12.8 years to repay net debt from free cash flow.
- Energy Transfer LP Common Units representing limited partner interests posted a net loss in 1 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 90/100, ET trades near the cheapest end of its own historical range (P/E 13.1).
- The stock currently yields 7.0% in dividends.
See how ET ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ET moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 20.27 | +1.96% | 2.03 |
| Oct 15 | Regular | 19.91 | -2.52% | -2.22 |
| Oct 2 | Regular | 20.42 | +1.57% | 2.21 |
| Oct 2 | After-hours | 20.50 | +1.99% | 2.69 |
| Oct 1 | Regular | 20.05 | +1.39% | 2.56 |
Frequently Asked Questions about ET
What is the current Energy Transfer LP Common Units representing limited partner interests (ET) stock price?
ET is trading at $20.26 at the last market close, up 1.91% on the session. PreMarketPrice tracks ET pre-market, intraday and after-hours prices.
Is ET stock a buy right now?
PreMarketPrice's quantitative model rates Energy Transfer LP Common Units representing limited partner interests's financial health at 30/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ET stock overvalued?
Energy Transfer LP Common Units representing limited partner interests trades at a trailing P/E of 13.1 and our valuation score rates it 90/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Energy Transfer LP Common Units representing limited partner interests report earnings?
No confirmed earnings date is currently scheduled for ET. The Earnings section lists recent reports and updates as dates are announced.
What sector does Energy Transfer LP Common Units representing limited partner interests operate in?
Energy Transfer LP Common Units representing limited partner interests operates in the Utilities sector, within the Natural Gas Transmission industry. The Related Stocks section lists sector peers for comparison.
What does Energy Transfer LP Common Units representing limited partner interests do?
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand.
About Energy Transfer LP Common Units representing limited partner interests (ET) Stock
Energy Transfer LP Common Units representing limited partner interests (ET) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry. As of the latest update, Energy Transfer LP Common Units representing limited partner interests is trading at $20.26, up 1.91% on the day with a market capitalization of $69.5 billion. The financial health score for ET is 30/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ET stock.
ET Stock Analysis & Key Metrics
On PreMarketPrice, you can track Energy Transfer LP Common Units representing limited partner interests (ET) across multiple dimensions:
- Pre-market price & movement: Real-time ET stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ET with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Energy Transfer LP Common Units representing limited partner interests across multiple reporting periods.
- Financial health score: A composite score of 30/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ET.
- Sector peers: Compare ET against 5 other utilities stocks on key financial metrics.
Is ET a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Energy Transfer LP Common Units representing limited partner interests (ET) as an investment. The financial health score of 30/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Energy Transfer LP Common Units representing limited partner interests (ET) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.