Added to YB: 2024-02-16
Pitch date: 2024-02-15
ET [bullish]
Energy Transfer LP
+31.26%
current return
Author Info
No bio for this author
Company Info
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States.
Market Cap
$55.4B
Pitch Price
$12.62
Price Target
N/A
Dividend
8.04%
EV/EBITDA
8.80
P/E
12.58
EV/Sales
1.58
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Energy Transfer: Solid Everywhere It Matters
ET Q4 beats all metrics: $3.6B EBITDA, $2B DCF. 2023 capex $2.4-2.6B, below est. Vol. up: NGL frac +16%, crude transport & storage +39% & +16%. Crestwood synergies 2x to $80M. Bonds issued at good rates, expensive prefs restructured. 7.4x EV/EBITDA, 16.6% FCF yield. Prime assets, 9% yield, growth. Risks: oil prices, past practices. Core hold for income investors.
Read full article (4 min)