|Bid||23.34 x 800|
|Ask||23.42 x 800|
|Day's Range||23.23 - 23.45|
|52 Week Range||21.85 - 25.00|
|Beta (5Y Monthly)||1.72|
|PE Ratio (TTM)||21.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Energy Transfer (NYSE: ET) doesn't get much respect from the market these days. There's reason for investors to be skeptical of Energy Transfer. Energy Transfer made the tough decision to slash its distribution by 50% in late 2020 to retain more cash to fund expansion projects and repay debt.
Based on the average brokerage recommendation (ABR), Energy Transfer LP (ET) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
Pipeline operator Energy Transfer slammed the U.S. Department of Energy's denial of an export-permit extension to its Louisiana liquefied natural gas (LNG) export project in a DOE filing, seeking a rehearing. The DOE had denied Energy Transfer's request for a three-year extension of its multi-billion-dollar Lake Charles LNG project, saying the request did not meet its criteria for granting second extensions. "Lake Charles LNG is the most advanced LNG project in the United States that has not taken FID and we believe it satisfies the criteria for an extension," said Energy Transfer's spokesperson Vicki Granado.
Energy midstream companies have fallen out of favor with investors over the years. Many investors are concerned that demand for fossil fuels will go extinct as the world transitions to cleaner alternatives. In the meantime, investors can collect big-time passive income streams from the space.
Energy Transfer's long history of poor returns and execution make these two alternatives the better investment choices.
There's a trust issue when it comes to Energy Transfer, but if you can look past that, the business is performing well.
Energy Transfer LP (ET) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ONEOK's acquisition of Magellan Midstream Partners might lead to more deals in the midstream space.
Energy Transfer (NYSE: ET) has a spotting track record of growing value for its investors. Energy Transfer's focus over the past year has been on shoring up its financial foundation so that it could return its distribution to its pre-pandemic peak.
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Energy Transfer (NYSE: ET) has spent years trying to get a project to convert its Lake Charles facility from importing natural gas to exporting liquified natural gas (LNG) off the ground. The company had asked the DOE for an extension, which it recently denied. Here's what the company's management team had to say about this disappointing development on the first-quarter conference call.
Energy Transfer (NYSE: ET) has grown into one of the country's largest midstream players. This massive energy infrastructure network generates enormous recurring cash flows, giving the master limited partnership (MLP) the money to pay a generous distribution that currently yields 9.9%. Energy Transfer expects to continue growing its already massive system in the coming years.
The U.S. Department of Energy's refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail to meet a construction deadline poses a new hurdle for greenfield plants, analysts said on Thursday. The DOE last month said it would grant future extensions solely on extenuating circumstances and rejected an extension for Energy Transfer's proposed Lake Charles LNG project. Around a dozen LNG projects in the U.S. and Mexico that would process more than 20 billion cubic feet per day (bcfd) of exports now face difficulties moving forward because of the change, according to an analysis from consultants Rapidan Energy Group.
The average brokerage recommendation (ABR) for Energy Transfer LP (ET) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Energy Transfer LP (ET) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Energy Transfer (NYSE: ET) is an active acquirer. It recently bought Lotus Midstream for $1.45 billion. That follows two smaller bolt-on acquisitions last year (Woodford Express and Spindletop) and a more sizable deal in 2021 (Enable Midstream).
My core investment strategy is to invest in companies that pay higher-yielding dividends that they can steadily increase. Three of my favorite passive income-producing pipeline companies are Energy Transfer (NYSE: ET), Enbridge (NYSE: ENB), and Kinder Morgan (NYSE: KMI).
Energy Transfer (NYSE: ET) recently increased its already mammoth distribution. The MLP produces massive cash flow, which helps power this view. Meanwhile, it produced around $2 billion of distributable cash flow, about even with the prior-year period.
Q1 2023 Energy Transfer LP Earnings Call
Results for the first quarter benefited from record volumes across our interstate and midstream segments, as well as through our NGL pipelines and NGL and refined products terminals, which included a record amount of LPGs exported out of our Nederland terminal and a record amount of ethane exported out of both Netherlands and Marcus Hook terminals during the quarter. DCF attributable to the partners of Energy Transfer, as adjusted, was $2.01 billion, compared to $2.08 billion for the first quarter of 2022.
U.S. midstream company Energy Transfer said on Tuesday it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations for the rest of the year. The acquisition of Lotus Midstream Operations adds about 3,000 miles (4,800 km) of crude oil gathering and transportation pipelines, extending from southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma, it said. Energy Transfer is now working to integrate operations and assets, including construction of a 30-mile pipeline and terminal optimization project to enhance connectivity within the Permian Basin and provide a direct link between Midland and Cushing.
U.S. midstream company Energy Transfer said on Tuesday it has completed its $1.45 billion acquisition of Lotus Midstream Operations and boosted its earnings expectations higher for the rest of the year. The acquisition of Lotus Midstream Operations adds about 3,000 miles (4,800 km) of crude oil gathering and transportation pipelines, extending from southeast New Mexico across the Permian Basin of West Texas to Cushing, Oklahoma, it said. Energy Transfer is now working to integrate operations and assets, including the construction of a 30-mile pipeline and terminal optimization project to enhance connectivity within the Permian Basin and provide a direct link between Midland and Cushing.
DALLAS, May 02, 2023--Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended March 31, 2023.
Energy Transfer (NYSE: ET) accomplished an important goal earlier this year: The master limited partnership (MLP) delivered on its promise to return its distribution to its pre-pandemic peak. Like many companies, Energy Transfer had to reduce cash outflows during the pandemic due to the impact on its operations. The midstream company planned to return its distribution payment to its pre-pandemic level once it achieved its leverage ratio target of 4x to 4.5x its debt-to-adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).