Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-14
ET [bullish]
Energy Transfer LP
+16.85%
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
$14.17
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
value
Energy Transfer LP: Finding Undervalued Opportunities From AI and Data Center Demand in E&Ps and Midstream
ET: Energy Transfer undervalued play on AI & data center growth via midstream assets. Connected to 60% of TX power plants, poised for 8 bcf/d new data demand by 2030. $2.9B growth capex in '24, but poor historical ROC. No moat due to commodity exposure & M&A risks. $21 FVE on 8x '24 EV/EBITDA. Medium uncertainty. Poor capital allocation overpaying for deals like Enable. Considering C-Corp conversion.
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