Now trading at a price of $19.91, Energy Transfer LP has moved 0.5% so far today.
Energy Transfer LP returned gains of 44.6% last year, with its stock price reaching a high of $21.45 and a low of $13.79. Over the same period, the stock outperformed the S&P 500 index by 20.7%. More recently, the company's 50-day average price was $19.13. Energy Transfer LP provides energy-related services. Based in Dallas, TX, the Large-Cap Utilities company has 13,786 full time employees. Energy Transfer LP has offered a 6.4% dividend yield over the last 12 months.
The Firm Has a Highly Leveraged Balance Sheet:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $54,087 | $54,213 | $38,954 | $67,417 | $89,876 | $78,586 |
| Operating Margins | 10% | 13% | 8% | 13% | 9% | 11% |
| Net Margins | 3% | 6% | -2% | 8% | 5% | 5% |
| Net Income (M) | $1,749 | $3,518 | -$648 | $5,470 | $4,756 | $3,935 |
| Net Interest Expense (M) | $2,055 | $2,331 | $2,327 | $2,267 | $2,306 | $2,578 |
| Depreciation & Amort. (M) | $2,859 | $3,147 | $3,678 | $3,817 | $4,164 | $4,385 |
| Diluted Shares (M) | 1,461 | 2,638 | 2,696 | 2,740 | 3,097 | 3,177 |
| Earnings Per Share | $1.2 | $1.33 | -$0.24 | $2.0 | $1.54 | $1.24 |
| EPS Growth | n/a | 10.83% | -118.05% | 933.33% | -23.0% | -19.48% |
| Free Cash Flow (M) | $99 | $2,096 | $2,231 | $8,340 | $5,670 | $6,421 |
| CAPEX (M) | $7,407 | $5,960 | $5,130 | $2,822 | $3,381 | $3,134 |
| Total Debt (M) | $46,028 | $51,054 | $51,438 | $49,702 | $48,262 | $52,390 |
| Net Debt / EBITDA | 5.52 | 4.9 | 7.67 | 3.92 | 4.03 | 4.12 |
| Current Ratio | 0.69 | 0.97 | 1.07 | 0.97 | 1.17 | 1.1 |
Energy Transfer LP Has Defensive Qualities:
Energy Transfer LP has a trailing twelve month P/E ratio of 14.1, compared to an average of 20.52 for the Utilities sector. Based on its EPS guidance of $1.58, the company has a forward P/E ratio of 12.1. The 4.0% compound average growth rate of Energy Transfer LP's historical and projected earnings per share yields a PEG ratio of 3.51. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Energy Transfer LP in terms of its equity because its P/B ratio is 2.17 while the sector average is 2.2. The company's shares are currently trading 10.9% below their Graham number.
Energy Transfer LP Has an Average Rating of Buy:
The 17 analysts following Energy Transfer LP have set target prices ranging from $19.0 to $25.0 per share, for an average of $21.85 with a buy rating. The company is trading -8.9% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Energy Transfer LP has a very low short interest because 1.3% of the company's shares are sold short. Institutions own 33.3% of the company's shares, and the insider ownership rate stands at 10.1%, suggesting a large amount of insider shareholders. The largest shareholder is Blackstone Inc, whose 4% stake in the company is worth $2,608,382,121.
