Added to YB: 2026-05-25
Pitch date: 2026-05-21
ET [bullish]
Energy Transfer LP
Author Info
Meridian Research's investment strategy is based on the short to mid-term time frame. My sector focus is primarily centered around energy and the defense sector. Sign up for the newsletter.
Company Info
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States.
Market Cap
$69.1B
Pitch Price
N/A
Price Target
27.00
Dividend
6.73%
EV/EBITDA
9.66
P/E
16.77
EV/Sales
1.71
Sector
Oil, Gas and Consumable Fuels
Category
value
Why Energy Transfer (ET) Still Looks Undervalued Despite Its Rally
ET: Midstream energy play positioned for AI-driven nat gas demand. New agreements: 150MMcf/d to Arkansas datacenter + 150MMcf/d to TX Nexus campus. Raised 2026 EBITDA guide to $18.2B-$18.6B. Trades 7.5x-9x fwd EBITDA vs peers at 10x-11x, P/E 16.95 vs sector 24.4. 7%+ yield. $24-$27 PT (20-35% upside + yield = 30-40% total return 12-18mo). Risks: debt load, AI demand miss, regulatory headwinds.
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