
ET Stock Forecast & Price Target
ET Analyst Ratings
Bulls say
Energy Transfer has demonstrated consistent revenue growth with an annual increase of 6% year-over-year, contributing to a projected revenue of $519 million and adjusted earnings of $102 million for FY26. The partnership's gathering volumes have experienced a substantial increase of approximately 25% since early 2022, indicating robust operational performance and enhanced demand for midstream services. Additionally, the company's ability to maintain only a 2% rise in core operating expenses year-over-year suggests effective cost management and operational efficiency, further supporting a positive outlook on its financial health.
Bears say
Energy Transfer's negative outlook is underscored by a decline in free cash flow, which fell from $32 million in Q1 to -$11 million in Q2, significantly short of estimates. Additionally, the company's backlog decreased by 19% year-over-year, dropping to $240 million from $252 million, highlighting difficulties in securing new contracts, which, coupled with lower gross margins leading to a downward revision in FY26 gross profit margin forecasts, raises concerns. Lastly, operating cash flow fell well below expectations, adversely affected by a $26 million working capital headwind, indicating potential liquidity challenges going forward.
This aggregate rating is based on analysts' research of Energy Transfer LP Unit and is not a guaranteed prediction by Public.com or investment advice.
ET Analyst Forecast & Price Prediction
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