Financials Energy Transfer LP

Equities

ET

US29273V1008

Oil & Gas Transportation Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
15.96 USD +0.13% Intraday chart for Energy Transfer LP +1.20% +15.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 34,443 16,672 25,361 36,660 43,402 53,749 - -
Enterprise Value (EV) 1 85,206 67,743 74,727 84,665 95,629 105,490 103,199 102,257
P/E ratio 9.43 x -25.8 x 4.35 x 8.48 x 12.7 x 10.2 x 9.41 x 8.11 x
Yield 9.51% 14.8% 7.69% 8.42% 9.02% 8.12% 8.45% 8.88%
Capitalization / Revenue 0.64 x 0.43 x 0.38 x 0.41 x 0.55 x 0.63 x 0.63 x 0.65 x
EV / Revenue 1.57 x 1.74 x 1.11 x 0.94 x 1.22 x 1.23 x 1.21 x 1.23 x
EV / EBITDA 7.6 x 6.43 x 5.73 x 6.47 x 6.98 x 7.08 x 6.68 x 6.43 x
EV / FCF 41.7 x 30.4 x 8.96 x 14.9 x 14.9 x 17 x 15.5 x 14.4 x
FCF Yield 2.4% 3.29% 11.2% 6.7% 6.71% 5.89% 6.44% 6.95%
Price to Book 1.54 x 0.9 x 0.74 x 1.11 x 1.2 x 1.54 x 1.49 x -
Nbr of stocks (in thousands) 2,684,596 2,697,716 3,081,577 3,088,475 3,145,066 3,367,758 - -
Reference price 2 12.83 6.180 8.230 11.87 13.80 15.96 15.96 15.96
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 85,702 85,594 82,930
EBITDA 1 11,214 10,531 13,046 13,093 13,698 14,895 15,446 15,914
EBIT 1 7,277 5,860 8,851 7,738 8,295 9,610 9,987 10,696
Operating Margin 13.42% 15.04% 13.13% 8.61% 10.56% 11.21% 11.67% 12.9%
Earnings before Tax (EBT) 1 5,094 377 6,871 6,072 5,597 7,096 7,503 8,086
Net income 1 3,588 -647 5,179 4,330 3,469 5,434 5,854 6,590
Net margin 6.62% -1.66% 7.68% 4.82% 4.41% 6.34% 6.84% 7.95%
EPS 2 1.360 -0.2400 1.890 1.400 1.090 1.571 1.695 1.969
Free Cash Flow 1 2,043 2,231 8,340 5,670 6,421 6,218 6,644 7,104
FCF margin 3.77% 5.73% 12.37% 6.31% 8.17% 7.25% 7.76% 8.57%
FCF Conversion (EBITDA) 18.22% 21.19% 63.93% 43.31% 46.88% 41.74% 43.01% 44.64%
FCF Conversion (Net income) 56.94% - 161.03% 130.95% 185.1% 114.42% 113.5% 107.79%
Dividend per Share 2 1.220 0.9150 0.6325 1.000 1.245 1.296 1.349 1.418
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 Q3 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
Net sales 1 16,664 18,657 20,491 25,945 22,939 20,501 18,995 18,320 20,739 20,532 20,972 20,742 21,243 21,624 23,643
EBITDA 1 2,579 2,811 3,340 3,228 3,088 3,437 3,433 3,122 3,541 3,602 3,688 3,616 3,742 3,874 3,836
EBIT 1 1,437 1,729 1,846 2,113 1,973 1,806 2,062 1,835 2,233 2,165 2,383 2,313 2,453 2,538 2,545
Operating Margin 8.62% 9.27% 9.01% 8.14% 8.6% 8.81% 10.86% 10.02% 10.77% 10.54% 11.36% 11.15% 11.55% 11.74% 10.76%
Earnings before Tax (EBT) 1 984 1,181 1,478 1,708 1,404 1,482 1,518 1,341 1,124 1,614 1,719 1,733 1,826 1,910 1,682
Net income 1 535 820 1,162 1,326 899 1,049 1,003 797 466 1,203 1,430 1,373 1,464 1,574 1,426
Net margin 3.21% 4.4% 5.67% 5.11% 3.92% 5.12% 5.28% 4.35% 2.25% 5.86% 6.82% 6.62% 6.89% 7.28% 6.03%
EPS 2 0.2000 0.2900 0.3700 0.3900 0.2900 0.3400 0.3200 0.2500 0.1500 0.3700 0.3807 0.3624 0.3941 0.4282 0.4200
Dividend per Share 2 0.1525 0.1750 0.2000 0.2300 0.2650 0.3050 0.3075 0.3100 0.3125 0.3150 0.3196 0.3208 0.3222 0.3272 0.3335
Announcement Date 11/3/21 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 - - - - -
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 51,741 49,450 48,508
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.527 x 4.85 x 3.784 x 3.666 x 3.813 x 3.474 x 3.201 x 3.048 x
Free Cash Flow 1 2,043 2,231 8,340 5,670 6,421 6,218 6,644 7,104
ROE (net income / shareholders' equity) 16.9% 2.46% 21% 14.6% 9.95% 14.9% 16.1% 17.3%
ROA (Net income/ Total Assets) 3.83% 0.51% 5.21% 4.45% 3.16% 5% 5.9% 6.5%
Assets 1 93,564 -126,121 99,451 97,411 109,671 108,678 99,216 101,391
Book Value Per Share 2 8.310 6.860 11.10 10.70 11.50 10.30 10.70 -
Cash Flow per Share 2 3.030 2.730 4.070 2.920 3.010 3.950 - -
Capex 1 5,960 5,130 2,822 3,381 3,134 3,054 2,949 2,569
Capex / Sales 10.99% 13.17% 4.19% 3.76% 3.99% 3.56% 3.45% 3.1%
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
19
Last Close Price
15.96 USD
Average target price
18.48 USD
Spread / Average Target
+15.77%
Consensus
  1. Stock Market
  2. Equities
  3. ET Stock
  4. Financials Energy Transfer LP