Energy Transfer's Q3 report shows a 12% YoY growth in adjusted EBITDA, driven by strong crude oil transportation and NGL production. The company is expanding with projects like Lone Star Pipe optimizations and Lake Charles LNG, ensuring future growth and operational leverage. ET's high 7.4% dividend yield is protected by a solid balance sheet and the valuation is very attractive.
The MLP's expansion initiatives continue to grow its volumes and earnings.
Energy Transfer LP Common Units (ET) Q3 2024 Earnings Call Transcript
ET's third-quarter earnings are likely to have benefited from contributions from organic and inorganic assets that are spread across major production basins.
Energy Transfer LP, a major energy transporter, has significant growth potential driven by strong performance, strategic acquisitions, and a healthy balance sheet, making it a “Buy” ahead of Q3 earnings. The company's adjusted EBITDA rose to $3.76 billion, supported by record pipeline volumes and exports, with distributable cash flow reaching $2 billion. Despite market skepticism about traditional energy, Energy Transfer's undervaluation and high distribution yield present a lucrative investment opportunity, with a fair value target of ~$21.7 per unit.
Investors interested in buying Energy Transfer might want to do it soon.
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.
Energy Transfer continues to steadily raise its lucrative distribution.
In the latest trading session, Energy Transfer LP (ET) closed at $16.40, marking a -0.3% move from the previous day.
Energy Transfer's well-balanced asset mix and expanding operation through organic and inorganic initiatives make it an attractive pick in the oil and gas pipeline industry.
Investors need to pay close attention to Energy Transfer (ET) stock based on the movements in the options market lately.
Energy Transfer LP (ET) closed the most recent trading day at $16.38, moving -0.12% from the previous trading session.