Energy Transfer (NYSE:ET) Announces Quarterly Earnings Results

Energy Transfer (NYSE:ET) announced its quarterly earnings data on Tuesday. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.09), FiscalAI reports. Energy Transfer had a net margin of 5.11% and a return on equity of 10.38%. The business had revenue of $25.32 billion during the quarter, compared to analyst estimates of $23.56 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was up 29.6% compared to the same quarter last year.

Here are the key takeaways from Energy Transfer’s conference call:

• Record adjusted EBITDA of nearly $16.0 billion in 2025 (up 3% YoY) was reported while distributable cash flow fell slightly to $8.2 billion, and Q4 DCF was roughly flat versus a year ago.
• Management set 2026 organic growth capital guidance of $5.0–$5.5 billion (ex-Sun and USA Compression), with roughly two‑thirds directed to natural gas projects and ~25% to NGL/refined products, citing long‑term contracted projects that target mid‑teen returns.
• Major pipeline projects were updated — the Desert Southwest was upsized to 48″ (up to 2.3 Bcf/d, ~$5.6 billion cost, in service by Q4 2029) and the Hugh Brinson pipeline is ~75% complete with phase one expected in Q4 2026 and phase two in Q1 2027 (west→east fully contracted, growing backhaul upside).
• NGL/export momentum is accelerating with record NGL fractionation throughput and LPG exports, first ethylene cargoes from the Nederland Flex Port expansion, and Permian processing (Mustang Draw 1 & 2) coming into service through 2026.
• Energy Transfer has suspended development of the Lake Charles LNG project to preserve capital discipline, though it remains open to third‑party development or alternate terminal uses, reducing near‑term LNG upside from ET.

Energy Transfer Trading Up 1.4%

ET stock opened at $18.87 on Thursday. The company has a market cap of $64.77 billion, a P/E ratio of 15.59, a PEG ratio of 0.96 and a beta of 0.66. Energy Transfer has a twelve month low of $14.60 and a twelve month high of $20.51. The company has a quick ratio of 1.14, a current ratio of 1.41 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $17.34 and a 200-day moving average of $17.15.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Friday, February 6th will be given a $0.335 dividend. This is a boost from Energy Transfer’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, February 6th. This represents a $1.34 annualized dividend and a yield of 7.1%. Energy Transfer’s dividend payout ratio is presently 107.20%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Energy Transfer in a research report on Wednesday, January 7th. Royal Bank Of Canada raised Energy Transfer to a “moderate buy” rating in a report on Monday, December 15th. Barclays reaffirmed an “overweight” rating and issued a $22.00 price target (down previously from $25.00) on shares of Energy Transfer in a research note on Monday, January 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Energy Transfer in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut their price objective on Energy Transfer from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Monday, November 24th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.27.

Hedge Funds Weigh In On Energy Transfer

Several large investors have recently bought and sold shares of ET. Brighton Jones LLC lifted its stake in shares of Energy Transfer by 93.4% in the 4th quarter. Brighton Jones LLC now owns 24,530 shares of the pipeline company’s stock valued at $481,000 after purchasing an additional 11,844 shares during the period. AQR Capital Management LLC lifted its stake in Energy Transfer by 62.8% in the first quarter. AQR Capital Management LLC now owns 21,041 shares of the pipeline company’s stock valued at $391,000 after buying an additional 8,118 shares during the period. Geode Capital Management LLC boosted its holdings in Energy Transfer by 6.2% during the second quarter. Geode Capital Management LLC now owns 135,395 shares of the pipeline company’s stock worth $2,455,000 after buying an additional 7,901 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Energy Transfer by 436.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,179 shares of the pipeline company’s stock worth $76,000 after buying an additional 3,400 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Energy Transfer by 5.6% in the 2nd quarter. Guggenheim Capital LLC now owns 50,919 shares of the pipeline company’s stock valued at $923,000 after acquiring an additional 2,700 shares during the last quarter. 38.22% of the stock is currently owned by institutional investors and hedge funds.

Energy Transfer Company Profile

Energy Transfer (NYSE: ET) is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company’s operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.