Professional
Added to YB: 2024-03-06
Pitch date: 2024-03-05
ET [bullish]
Energy Transfer LP
+50.92%
current return
Author Info
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Company Info
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States.
Market Cap
$69.1B
Pitch Price
$12.81
Price Target
21.00 (+9%)
Dividend
6.73%
EV/EBITDA
9.66
P/E
16.77
EV/Sales
1.71
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
Energy Transfer LP: Increasing Our Fair Value Estimate
ET: Raised FVE to $21 on higher FCF. Expect $14.7B EBITDA in '24 w/ growth from Enable, Lotus, Crestwood deals + projects. Solid Q4 results driven by NGL vols. No moat due to commodity exposure, M&A risk. Pursuing growth spend vs unit buybacks. Considering C-Corp conversion.
Read full article (12 min)