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Energy Transfer remains a top conviction holding, offering high-quality midstream exposure at a compelling valuation and a robust 6.4% yield. ET trades at a significant discount to peers on both price-to-operating cash flow and EV/EBITDA metrics, despite strong cash generation and growth. Management has raised 2026 EBITDA guidance to $18.8–$19.1B, reflecting operational momentum driven by higher volumes and margins across key segments.
Latest insider transactions and growth catalysts surrounding Energy Transfer led us to see large odds for a price breakout from the stock's long-term resistance levels. ET delivered a strong FQ2 2026, with EPS beating consensus by nearly 60% and revenue up 78% YOY. ET also raised its 2026 EBITDA guidance and updated its capex plan, supporting continued EPS growth at robust rates for future years.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Marshall S. McCrea CEO | NYSE Exchange | US29273V1008 ISIN |
| US Country | 22,311 Employees | 7 Aug 2026 Last Dividend | 27 Jul 2015 Last Split | 3 Feb 2006 IPO Date |
Energy Transfer LP is a major player in the field of energy-related services, operating an extensive network of natural gas and crude oil pipelines along with a variety of facilities across multiple states in the USA. Originally known as Energy Transfer Equity, L.P., the company rebranded to Energy Transfer LP in October 2018. Founded in 1996, it has its headquarters in Dallas, Texas. The company's infrastructure plays a crucial role in the transportation, storage, and marketing of natural gas, crude oil, and natural gas liquids (NGLs), serving a diverse clientele that includes electric utilities, industrial end-users, and petroleum product distributors.
Energy Transfer LP owns and operates an extensive network of natural gas transportation pipelines, storage facilities, and gathering systems across many states, including Texas and Oklahoma. The company's natural gas services are critical for electric utilities, independent power plants, local distribution companies, and other marketing companies, as well as industrial end-users. They ensure a steady supply of natural gas across a vast area of the United States.
With approximately 14,500 miles of crude oil pipelines spanning the Southwest, Midcontinent, and Midwest United States, the company is involved in the transportation, terminalling, acquisition, and marketing of crude oil. These operations are crucial for the distribution and sale of gasoline, diesel, and other petroleum products, catering to the energy needs of a broad spectrum of consumers.
Energy Transfer manages a robust infrastructure for the transport and storage of NGLs, including 5,700 miles of NGL pipelines, fractionation facilities, and storage assets. This comprehensive system supports the handling, processing, and distribution of NGLs, which are essential components for various industrial, residential, and commercial applications.
The company also specializes in water transport and supply services for natural gas production, particularly in Pennsylvania. These services are vital for supporting the hydraulic fracturing process, showcasing the company’s ability to provide comprehensive solutions to the oil and gas industry.
Energy Transfer offers a wide range of supplementary services, including natural gas compression, carbon dioxide and hydrogen sulfide removal, and the management of coal and natural resources properties. The company also engages in timber sales, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power, demonstrating its diversified approach to energy and resource management.