Energy Transfer L.P. (ET)
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Energy Transfer: The Power Story Starting To Play Out
Energy Transfer LP reported strong Q4 2024 earnings with EBITDA up 8% YOY and issued robust 2025 guidance, reflecting aggressive acquisition strategies. New growth initiatives include a low-capex deal with CloudBurst Data Centers and long-term contracts with Chevron, signaling confidence in future stability. ET delivered over 50% total return in 2024, with a reasonable valuation and tax-efficient yield, making it a compelling long-term holding.
Energy Transfer Expects to Deliver Another Big Growth Spurt Starting in 2026
Energy Transfer (ET 0.86%) is coming off a record-breaking year. The master limited partnership (MLP) set volume records across several product categories last year.
Energy Transfer: Buy Now Before It Signs More Deals With Data Centers
Energy Transfer missed expectations on Q4 FY24 EBITDA. But volumes are growing well and are likely to continue doing so as expansion capex spending ramps up at attractive returns. I estimate that ET's deal with CloudBurst Data Centers can boost TTM EBITDA by up to 4.24%. And the company is in talks with dozens of similar opportunities. ET stock trades at a 16.1% discount to peers, with rising EBITDA expectations and bullish technicals, suggesting continued outperformance against the S&P 500.
Energy Transfer: Pounce On The Buying Opportunity Now
Energy Transfer is a qualitative MLP with a well-covered distribution yield approaching 7%. The midstream operator is capitalizing on a constructive regulatory environment, with $5 billion in growth capex planned for 2025. Energy Transfer enjoys BBB (and equivalent) credit ratings across the board from S&P, Fitch, and Moody's.
The Smartest Energy Stocks to Buy With $100 Right Now
The energy sector is often out of favor among many investors, but suddenly comes into focus at certain moments. Left for dead during the pandemic, energy prices spiked in 2022 following the pandemic reopening and Russia's invasion of Ukraine, before subsiding.
Energy Transfer: Excellent Returns, More Growth Coming
Energy Transfer LP reported solid quarterly earnings, continues to grow, benefits from AI tailwinds, and offers an attractive distribution yield, despite not trading at an expensive valuation. I remain bullish on Energy Transfer LP, which has returned 48% including distributions over the past year, outperforming the broad market's 21% return. Despite missing consensus EPS estimates, Energy Transfer's strong EBITDA and cash flow generation are more critical, with depreciation charges impacting net profits but not cash flows.
Energy Transfer Delivered Record-Smashing Results in 2024 and Has Plenty of Fuel for a Strong 2025
Energy Transfer (ET -0.81%) recently closed the books on 2024 by reporting its fourth-quarter and full-year results. The master limited partnership (MLP) set several records.
Energy Transfer Fuels the Cloud: A Natural Gas Power Play
The digital world is rapidly expanding, driving advancements in cloud computing and artificial intelligence (AI). The rapid growth of data centers has resulted in a surging demand for energy, a crucial resource for their operations.
Energy Transfer Q4 Earnings Miss Estimates, Revenues Down Y/Y
ET's fourth-quarter earnings and revenues decline year over year. Total costs and expenses also decrease during the period.
Energy Transfer: Buy The Post-Earnings Dip
Energy Transfer LP delivered a robust performance since my November 2024 call, returning nearly 20% to investors. ET's 6.5% distribution yield is rock-solid, supported by impressive financial performance, including record adjusted EBITDA levels and strong cash flow generating capacity. The company's ambitious $5 billion growth projects and favorable macroeconomic trends position it well for future expansion, particularly in the midstream industry.
Energy Transfer CapEx Deja Vu? It May Be Different This Time
Energy Transfer's units are down 3% despite strong FY24 performance, mainly due to concerns over a $5 billion growth CapEx guide. The company's recent M&A, while strategically sound, was a mixed bag as it was primarily funded through issuing new ET units, which, I felt, were undervalued themselves. The FY25 EBITDA guidance increase of $600 million-$1 billion is very strong, as most of the increase is organic and shows ET's strategy is working.
Energy Transfer LP Common Units (ET) Q4 2024 Earnings Call Transcript
Energy Transfer LP Common Units (NYSE:ET ) Q4 2024 Earnings Conference Call February 11, 2025 4:30 PM ET Company Participants Tom Long - Co-Chief Executive Officer Mackie McCrea - Co-Chief Executive Officer Dylan Bramhall - Group Chief Financial Officer Conference Call Participants Theresa Chen - Barclays Keith Stanley - Wolfe Research Jeremy Tonet - JPMorgan Manav Gupta - Credit Suisse Spiro Dounis - Citi Jean Ann Salisbury - Bank of America Michael Blum - Wells Fargo Gabe Moreen - Mizuho Jackie Koletas - Goldman Sachs Operator Good day, and welcome to the Energy Transfer Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.
