Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-14
ET [bullish]
Energy Transfer LP
+46.32%
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
$69.4B
Pitch Price
$13.68
Price Target
21.00 (+5%)
Dividend
6.70%
EV/EBITDA
9.68
P/E
16.84
EV/Sales
1.72
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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