Q3 EPS Estimates for Energy Transfer Lifted by Analyst

Energy Transfer LP (NYSE:ET) – Equities research analysts at US Capital Advisors boosted their Q3 2026 earnings per share (EPS) estimates for Energy Transfer in a report issued on Thursday, August 20th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.33. The consensus estimate for Energy Transfer’s current full-year earnings is $1.63 per share. US Capital Advisors also issued estimates for Energy Transfer’s Q4 2026 earnings at $0.38 EPS, Q1 2027 earnings at $0.38 EPS, Q2 2027 earnings at $0.39 EPS, Q3 2027 earnings at $0.40 EPS, Q4 2027 earnings at $0.42 EPS, FY2027 earnings at $1.59 EPS and FY2028 earnings at $1.62 EPS.

Energy Transfer (NYSE:ET) last released its quarterly earnings results on Tuesday, August 4th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. The firm had revenue of $34.33 billion for the quarter, compared to analysts’ expectations of $27.71 billion. Energy Transfer had a net margin of 4.87% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 78.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS.

A number of other research analysts have also weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Energy Transfer in a research note on Wednesday, May 6th. UBS Group reissued a “buy” rating on shares of Energy Transfer in a report on Tuesday, May 12th. Stifel Nicolaus lifted their price target on Energy Transfer from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $23.00 price objective (up from $21.00) on shares of Energy Transfer in a research note on Tuesday, July 21st. Finally, Wall Street Zen upgraded Energy Transfer from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.08.

Energy Transfer Stock Performance

ET opened at $21.18 on Friday. The firm’s fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $19.41. Energy Transfer has a 52-week low of $16.18 and a 52-week high of $21.64. The company has a market cap of $72.93 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 0.75 and a beta of 0.55. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.45.

Institutional Trading of Energy Transfer

Institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of Energy Transfer by 41.6% in the 4th quarter. Morgan Stanley now owns 86,310,272 shares of the pipeline company’s stock valued at $1,423,256,000 after purchasing an additional 25,366,594 shares during the last quarter. Alps Advisors Inc. boosted its stake in Energy Transfer by 8.0% during the fourth quarter. Alps Advisors Inc. now owns 83,843,087 shares of the pipeline company’s stock worth $1,382,573,000 after buying an additional 6,192,066 shares during the period. Invesco Ltd. increased its position in shares of Energy Transfer by 3.2% during the third quarter. Invesco Ltd. now owns 57,862,666 shares of the pipeline company’s stock valued at $992,923,000 after acquiring an additional 1,773,042 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in shares of Energy Transfer by 0.3% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 38,675,828 shares of the pipeline company’s stock valued at $637,764,000 after acquiring an additional 103,245 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Energy Transfer by 5.7% in the 1st quarter. Bank of America Corp DE now owns 30,956,358 shares of the pipeline company’s stock valued at $597,458,000 after acquiring an additional 1,656,609 shares during the period. Hedge funds and other institutional investors own 38.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kelcy L. Warren acquired 647,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $21.26 per share, with a total value of $13,775,799.68. Following the completion of the acquisition, the director owned 147,901,879 shares of the company’s stock, valued at $3,144,393,947.54. This trade represents a 0.44% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Richard Perry acquired 12,359 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $20.23 per share, with a total value of $250,022.57. Following the completion of the transaction, the director owned 208,046 shares of the company’s stock, valued at $4,208,770.58. The trade was a 6.32% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 1,012,359 shares of company stock worth $21,513,543 in the last three months. 3.28% of the stock is currently owned by corporate insiders.

Energy Transfer Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Friday, August 7th were given a dividend of $0.34 per share. The ex-dividend date was Friday, August 7th. This is a positive change from Energy Transfer’s previous quarterly dividend of $0.34. This represents a $1.36 dividend on an annualized basis and a yield of 6.4%. Energy Transfer’s dividend payout ratio (DPR) is 92.52%.

More Energy Transfer News

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: US Capital Advisors raised EPS estimates across 2026-2028. Forecasts increased for Q3 and Q4 2026, all four quarters of 2027, FY2027 and FY2028. FY2027 EPS was lifted to $1.59 from $1.45, while FY2028 EPS rose to $1.62 from $1.48. The revisions suggest improving confidence in Energy Transfer’s operating performance and support the stock’s bullish momentum. Energy Transfer analyst estimates
• Positive Sentiment: Director Kelcy Warren purchased 1 million shares for approximately $21.3 million. The purchases on August 18 and 19 increased his already large stake by about 0.68%, a notable signal of insider confidence in ET’s valuation and outlook. SEC insider ownership filing
• Positive Sentiment: Recent commentary highlighted Energy Transfer’s 6.3%-plus annualized distribution yield, strong distributable cash flow growth, more than 2.2-times distribution coverage and raised 2026 EBITDA guidance of $18.8 billion to $19.1 billion. These factors reinforce ET’s appeal to income-focused investors. Energy Transfer cash flow and dividend outlook
• Neutral Sentiment: ET is trading above its 50-day and 200-day moving averages and close to its 52-week high. While this confirms strong momentum, it may also leave less room for near-term gains unless earnings and cash-flow growth continue to exceed expectations.
• Negative Sentiment: Energy Transfer’s high distribution payout ratio and broader sensitivity to energy-sector sentiment remain risks. Cooler weather forecasts have pressured natural-gas prices, although ET’s largely fee-based midstream model limits its direct commodity exposure.

About Energy Transfer

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.