Energy Transfer LP (ET)

AMEX · Energy · Oil & Gas Midstream · USA

Energy Transfer LP is a large cap company (market value between $10 billion and $200 billion) in the Oil & Gas Midstream industry.

Energy Transfer LP operates natural gas pipelines and storage facilities across the United States, including intrastate and interstate transportation networks. The company also transports crude oil, natural gas liquids and refined products through pipelines and terminals, and provides natural gas processing and fractionation services. Energy Transfer holds investments in subsidiaries including Sunoco LP and USAC.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Energy Transfer LP stock.

Our verdict on ET

Undervalued: intrinsic value $33.71 per share, market price $20.11, margin of safety 40.3% (as of 2026-10-19).

Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $33.71; the price of $20.11 is 40% below that value, and 81% of that value comes from beyond year five.

Leak Score: 49/100 on 10 of 12 signals (On Watch).

ETFs with the most weight in ET

15 more funds hold it; the full list is part of the paid plan.

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Is ET undervalued or overvalued?

ET is undervalued (as of the 2026-10-19 close). Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $33.71; the price of $20.11 is 40% below that value, and 81% of that value comes from beyond year five.

What is the intrinsic value of ET?

$33.71 per share (as of the 2026-10-19 close), against a market price of $20.11. That is a margin of safety of 40.3%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What growth is priced into ET stock?

The price asks for less growth than the company has already delivered. Repeating its past would be enough. Yearly sales decline the price allows: 5.6%. Yearly sales growth it has sustained: 5.2%.

What is Energy Transfer LP's Leak Score?

49 out of 100, which we rate "On Watch", on 10 of 12 value investing signals.