Professional
Added to YB: 2024-03-06
Pitch date: 2024-03-05
ET [bullish]
Energy Transfer LP
+24.31%
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
$55.4B
Pitch Price
$13.27
Price Target
21.00 (+27%)
Dividend
8.04%
EV/EBITDA
8.80
P/E
12.58
EV/Sales
1.58
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)