US · ET
Energy Transfer LP
- Sector
- Energy · Oil & Gas Midstream
- Headquarters
- Dallas, TX 75225
- Website
- energytransfer.com
Price · as of 2025-12-31
$19.94
Market cap 64.82B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $13.78 | -30.89% |
| Intrinsic Value(DCF) | $17.63 | -11.58% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $10.92 | -45.25% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $3.86 | $17.91 | $21.83 | $0.00 | $11.06 |
| 2012 | $5.49 | $14.08 | $2,929.22 | $0.00 | $31.09 |
| 2013 | $8.92 | $5.93 | $651,705.30 | $0.00 | $32.34 |
| 2014 | $12.27 | $4.91 | $87,823.44 | $0.00 | $13.11 |
| 2015 | $2.96 | $13.40 | $1,074.66 | $0.00 | $0.00 |
| 2016 | $8.67 | $14.11 | $0.00 | $0.00 | $0.00 |
| 2017 | $7.78 | $19.17 | $0.00 | $0.00 | $13.96 |
| 2018 | $8.00 | $8.08 | $87.23 | $0.00 | $47.68 |
| 2019 | $6.03 | $8.76 | $1.23 | $0.00 | $11.14 |
| 2020 | $5.72 | $9.69 | $0.00 | $0.00 | $4.53 |
| 2021 | $7.27 | $10.50 | $9.57 | $10.11 | $155.95 |
| 2022 | $9.86 | $9.35 | $126.52 | $2.77 | $61.75 |
| 2023 | $12.92 | $10.45 | $149.16 | $0.00 | $0.00 |
| 2024 | $16.17 | $13.38 | $25.38 | $0.00 | $18.58 |
| 2025 | $19.10 | $13.78 | $1.30 | $0.00 | $10.92 |
AI valuation
Our deep-learning model estimates Energy Transfer LP's (ET) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $13.78
- Current price
- $19.94
- AI upside
- -30.89%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$17.63
-11.58% upside
Graham-Dodd
—
— upside
Graham Formula
$10.92
-45.25% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| ET | Energy Transfer LP | $19.94 | 64.82B | -31% | -12% | — | -45% | 12.21 | 2.03 | 0.84 | 9.38 | 223.33 | 3.25 | 21.79% | 11.42% | 5.93% | 16.43% | 9.11% | 4.27% | 2.08 | 2.84 | 1.22 | 0.85 | 4.71 | 547.00% | -5.00% | -4762.00% | 5.52% | 0.68 | 3.85% | 6.78% | 82.80% | 6.78% | 14.83 | 36.40 | 1.69 | 1.28 |
| E | Eni S.p.A. | $46.94 | 69.86B | -54% | -67% | -78% | -88% | 15.36 | 0.77 | 0.46 | 2.63 | — | 0.87 | 11.36% | 5.90% | 2.96% | 4.98% | 3.14% | 1.82% | 0.66 | 3.93 | 1.14 | 0.71 | 1.16 | -4143.00% | -525.00% | -1374.00% | 12.55% | 0.34 | 7.16% | 7.90% | 121.40% | 12.86% | 11.56 | 11.89 | 0.68 | 1.37 |
| EOG | EOG Resources, Inc. | $124.08 | 67.33B | +9% | -30% | -67% | -64% | 13.93 | 2.33 | 3.07 | 6.58 | — | 2.33 | 68.11% | 35.14% | 22.07% | 16.83% | 20.04% | 10.06% | 0.28 | 36.05 | 1.92 | 1.64 | 0.44 | -1902.00% | -347.00% | -3192.00% | 5.66% | 2.71 | 12.64% | 3.12% | 43.40% | 6.81% | 9.38 | 18.93 | 3.30 | 3.72 |
| EPD | Enterprise Products Partn… | $36.14 | 78.25B | +28% | -57% | -32% | -85% | 13.88 | 2.68 | 1.53 | 8.20 | — | 3.99 | 13.61% | 13.13% | 11.05% | 19.76% | 15.09% | 7.50% | 0.05 | 4.93 | 1.04 | 0.08 | 0.07 | -112.00% | -644.00% | -10000.00% | 0.00% | 0.67 | 0.00% | 0.00% | 0.00% | 38.44% | 11.78 | — | 1.55 | 59.25 |
| EQNR | Equinor ASA | $29.83 | 75.62B | +69% | +16% | — | -24% | 16.44 | 2.06 | 0.78 | 2.67 | — | 2.41 | 26.84% | 25.70% | 4.77% | 12.22% | 21.09% | 3.85% | 0.83 | 18.94 | 1.24 | 0.99 | 0.78 | -3730.00% | 356.00% | -2442.00% | 7.21% | 0.65 | 11.58% | 5.78% | 95.00% | 12.92% | 3.56 | 16.22 | 0.92 | 2.61 |
| KMI | Kinder Morgan, Inc. | $33.27 | 74.02B | -10% | -57% | — | -17% | 24.80 | 2.42 | 4.45 | 14.40 | 145.11 | 8.07 | 43.66% | 28.39% | 18.03% | 9.86% | 6.04% | 4.17% | 1.04 | 2.67 | 0.64 | 0.42 | 4.32 | 1709.00% | 1245.00% | 715.00% | 4.27% | 1.45 | 5.10% | 3.45% | 85.70% | 3.45% | 22.38 | 33.43 | 6.35 | 1.30 |
| LNG | Cheniere Energy, Inc. | $235.73 | 51.81B | -27% | -7% | -46% | +224% | 10.29 | 6.91 | 2.79 | 6.17 | 14.71 | 6.98 | 28.97% | 46.41% | 27.15% | 78.08% | 37.50% | 11.59% | 0.38 | 9.61 | 0.94 | 0.76 | 0.16 | 6993.00% | 2444.00% | -2202.00% | 4.50% | 1.41 | 12.96% | 0.82% | 8.50% | 45.16% | 6.16 | 22.80 | 2.86 | 2.33 |
| MPLX | MPLX Lp | $58.94 | 59.95B | +18% | -44% | -50% | +32% | 12.27 | 4.15 | 5.10 | 11.52 | 84.67 | 13.78 | 45.23% | 40.30% | 41.57% | 34.71% | 13.21% | 12.20% | 1.78 | 4.84 | 1.23 | 0.66 | 3.26 | 1449.00% | 837.00% | -10000.00% | 0.00% | 1.82 | 0.00% | 0.00% | 0.00% | 0.00% | 17.65 | — | 7.11 | 1.93 |
| OKE | ONEOK, Inc. | $82.77 | 52.08B | +20% | +582% | -21% | +298% | 9.12 | 2.41 | 1.61 | 11.17 | 188.70 | 4.71 | 21.46% | 20.72% | 10.10% | 30.09% | 10.35% | 9.10% | 1.46 | 3.91 | 0.71 | 0.49 | 4.20 | 484.00% | 5542.00% | 5061.00% | 7.96% | 1.52 | 8.32% | 1.19% | 10.90% | 1.28% | 12.49 | 20.15 | 2.59 | 1.60 |
| SLB | SLB N.V. | $51.34 | 76.77B | -18% | -55% | -97% | -71% | 22.35 | 2.89 | 2.11 | 11.69 | — | 17.43 | 18.21% | 15.28% | 9.38% | 14.28% | 14.08% | 6.50% | 0.47 | 9.80 | 1.33 | 0.88 | 1.30 | -2444.00% | -160.00% | 720.00% | 6.36% | 0.44 | 15.29% | 2.12% | 47.50% | 5.32% | 15.31 | 17.42 | 2.34 | 3.19 |
| TRP | TC Energy Corporation | $64.37 | 67B | -7% | -60% | — | -33% | 25.37 | 3.47 | 6.23 | 16.37 | — | 6.67 | 50.03% | 44.23% | 23.15% | 13.59% | 6.09% | 3.15% | 2.23 | 1.98 | 0.63 | 0.33 | 6.40 | -2619.00% | 1029.00% | 5540.00% | 2.20% | 0.74 | 2.38% | 3.83% | 97.10% | 4.09% | 23.11 | 74.67 | 10.22 | 0.90 |
About Energy Transfer LP
Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.
- CEO
- Marshall S. McCrea
- Employees
- 16.25K
- Beta
- 0.64
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($17.63 ÷ $19.94) − 1 = -11.58% (DCF, example).