Financials Energy Transfer LP

Equities

ET

US29273V1008

Oil & Gas Transportation Services

Market Closed - Nyse 04:00:02 2024-05-31 pm EDT 5-day change 1st Jan Change
15.67 USD +0.84% Intraday chart for Energy Transfer LP +1.49% +13.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 34,443 16,672 25,361 36,660 43,402 52,808 - -
Enterprise Value (EV) 1 85,206 67,743 74,727 84,665 95,629 103,963 101,977 100,164
P/E ratio 9.43 x -25.8 x 4.35 x 8.48 x 12.7 x 10.7 x 9.07 x 8.65 x
Yield 9.51% 14.8% 7.69% 8.42% 9.02% 8.24% 8.58% 9.04%
Capitalization / Revenue 0.64 x 0.43 x 0.38 x 0.41 x 0.55 x 0.58 x 0.6 x 0.59 x
EV / Revenue 1.57 x 1.74 x 1.11 x 0.94 x 1.22 x 1.14 x 1.15 x 1.12 x
EV / EBITDA 7.6 x 6.43 x 5.73 x 6.47 x 6.98 x 6.78 x 6.44 x 6.14 x
EV / FCF 41.7 x 30.4 x 8.96 x 14.9 x 14.9 x 17.3 x 15.4 x 13.7 x
FCF Yield 2.4% 3.29% 11.2% 6.7% 6.71% 5.79% 6.5% 7.32%
Price to Book 1.54 x 0.9 x 0.74 x 1.11 x 1.2 x 1.66 x 1.4 x 1.32 x
Nbr of stocks (in thousands) 2,684,596 2,697,716 3,081,577 3,088,475 3,145,066 3,370,023 - -
Reference price 2 12.83 6.180 8.230 11.87 13.80 15.67 15.67 15.67
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 54,213 38,954 67,417 89,876 78,586 91,092 88,377 89,252
EBITDA 1 11,214 10,531 13,046 13,093 13,698 15,336 15,843 16,314
EBIT 1 7,277 5,860 8,851 7,738 8,295 9,773 10,314 10,771
Operating Margin 13.42% 15.04% 13.13% 8.61% 10.56% 10.73% 11.67% 12.07%
Earnings before Tax (EBT) 1 5,094 377 6,871 6,072 5,597 7,490 8,044 8,079
Net income 1 3,588 -647 5,179 4,330 3,469 5,195 6,129 6,468
Net margin 6.62% -1.66% 7.68% 4.82% 4.41% 5.7% 6.93% 7.25%
EPS 2 1.360 -0.2400 1.890 1.400 1.090 1.463 1.727 1.811
Free Cash Flow 1 2,043 2,231 8,340 5,670 6,421 6,015 6,632 7,334
FCF margin 3.77% 5.73% 12.37% 6.31% 8.17% 6.6% 7.5% 8.22%
FCF Conversion (EBITDA) 18.22% 21.19% 63.93% 43.31% 46.88% 39.22% 41.86% 44.95%
FCF Conversion (Net income) 56.94% - 161.03% 130.95% 185.1% 115.79% 108.21% 113.39%
Dividend per Share 2 1.220 0.9150 0.6325 1.000 1.245 1.291 1.344 1.417
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 18,657 20,491 25,945 22,939 20,501 18,995 18,320 20,739 20,532 21,629 23,128 23,637 24,011 24,349 25,412
EBITDA 1 2,811 3,340 3,228 3,088 3,437 3,433 3,122 3,541 3,602 3,880 3,680 3,806 3,924 3,911 3,806
EBIT 1 1,729 1,846 2,113 1,973 1,806 2,062 1,835 2,233 2,165 2,380 2,363 2,447 2,525 2,587 2,237
Operating Margin 9.27% 9.01% 8.14% 8.6% 8.81% 10.86% 10.02% 10.77% 10.54% 11% 10.22% 10.35% 10.52% 10.62% 8.8%
Earnings before Tax (EBT) 1 1,181 1,478 1,708 1,404 1,482 1,518 1,341 1,124 1,614 1,781 1,657 1,833 1,940 1,785 1,788
Net income 1 820 1,162 1,326 899 1,049 1,003 797 466 1,203 1,089 1,336 1,341 1,428 1,427 1,207
Net margin 4.4% 5.67% 5.11% 3.92% 5.12% 5.28% 4.35% 2.25% 5.86% 5.03% 5.78% 5.67% 5.95% 5.86% 4.75%
EPS 2 0.2900 0.3700 0.3900 0.2900 0.3400 0.3200 0.2500 0.1500 0.3700 0.3200 0.3448 0.3532 0.3874 0.3822 0.3326
Dividend per Share 2 0.1750 0.2000 0.2300 0.2650 0.3050 0.3075 0.3100 0.3125 0.3150 - 0.3206 0.3232 0.3268 0.3314 0.3338
Announcement Date 2/16/22 5/4/22 8/3/22 11/1/22 2/15/23 5/2/23 8/2/23 11/1/23 2/14/24 5/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 50,763 51,071 49,366 48,005 52,227 51,155 49,168 47,356
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.527 x 4.85 x 3.784 x 3.666 x 3.813 x 3.336 x 3.104 x 2.903 x
Free Cash Flow 1 2,043 2,231 8,340 5,670 6,421 6,015 6,632 7,334
ROE (net income / shareholders' equity) 16.9% 2.46% 21% 14.6% 9.95% 14.4% 16.1% 16.8%
ROA (Net income/ Total Assets) 3.83% 0.51% 5.21% 4.45% 3.16% 5.1% 6.2% 6.8%
Assets 1 93,564 -126,121 99,451 97,411 109,671 101,863 98,848 95,118
Book Value Per Share 2 8.310 6.860 11.10 10.70 11.50 9.430 11.20 11.80
Cash Flow per Share 2 3.030 2.730 4.070 2.920 3.010 4.130 4.100 -
Capex 1 5,960 5,130 2,822 3,381 3,134 3,344 3,106 2,945
Capex / Sales 10.99% 13.17% 4.19% 3.76% 3.99% 3.67% 3.51% 3.3%
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
15.67 USD
Average target price
18.78 USD
Spread / Average Target
+19.85%
Consensus
  1. Stock Market
  2. Equities
  3. ET Stock
  4. Financials Energy Transfer LP