Understanding the Basics of Energy Transfer LP (ET)

By Chris Stiles • Wednesday, September 24 15:26 • Permanent Link

More and more people are talking about Energy Transfer LP over the last few weeks. Is it worth buying the Oil & Gas Transportation and Processing stock at a price of $17.37? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Energy Transfer LP has moved 5.6% over the last year, and the S&P 500 logged a change of 16.3%
ET has an average analyst rating of buy and is -22.78% away from its mean target price of $22.5 per share
Its trailing earnings per share (EPS) is $1.29
Energy Transfer LP has a trailing 12 month Price to Earnings (P/E) ratio of 13.5 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $1.58 and its forward P/E ratio is 11.0
The company has a Price to Book (P/B) ratio of 1.9 in contrast to the S&P 500's average ratio of 4.74
Energy Transfer LP is part of the Utilities sector, which has an average P/E ratio of 21.16 and an average P/B of 2.36
ET has reported YOY quarterly earnings growth of -8.6% and gross profit margins of 0.2%
The company has a free cash flow of $3.59 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments. The company owns and operates natural gas transportation pipelines and storage facilities; and approximately 12,200 miles of intrastate natural gas transportation pipelines and 20,090 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plants, and treating and conditioning facilities; and natural gas gathering, oil pipeline, and oil stabilization facilities. Further, it owns 5,700 miles of NGL pipelines; NGL fractionation and storage facilities; and other NGL storage assets and terminals. Additionally, the company provides crude oil transportation, terminalling, acquisition, and marketing activities; owns and operates approximately 17,950 miles of crude oil trunk and gathering pipelines; and sells and distributes motor fuels and other petroleum products under the Sunoco and EcoMaxx brands. It also offers natural gas compression; wholesale power trading; and carbon dioxide and hydrogen sulfide removal services, as well as manages coal and natural resources properties; sells standing timber; leases coal-related infrastructure facilities; and collects oil and gas royalties. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.