Energy Transfer Equity LP Stock Research

Market Summary

USD11.73+0.03

Delayedas of 27 Mar 2023, 10:44 am

0.26%

ET Alerts

1 major insider buys recently.

ET Stock Price

ET RSI Chart

ET Valuation

Market Cap

40.6B

Price/Earnings (Trailing)

8.97

Price/Sales (Trailing)

1.48

EV/EBITDA

7.81

Price/Free Cashflow

4.29

ET Price/Sales (Trailing)

ET Profitability

EBT Margin

5.67%

Return on Equity

11.7%

Return on Assets

4.5%

Free Cashflow Yield

23.3%

ET Fundamentals

ET Revenue

Revenue (TTM)

89.9B

Revenue Y/Y

9.88%

Revenue Q/Q

-10.63%

ET Earnings

Earnings (TTM)

4.8B

Earnings Y/Y

25.41%

Earnings Q/Q

14.81%

Price Action

52 Week Range

8.5713.36

(Low)(High)

Last 7 days

-4.5%

Last 30 days

-10%

Last 90 days

-2.2%

Trailing 12 Months

21.2%

ET Financial Health

Current Ratio

1.17

Debt/Equity

1.2

Debt/Cashflow

0.19

ET Investor Care

Shares Dilution (1Y)

14.13%

Peers (Alternatives to Energy Transfer Equity)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ET	40.6B	89.9B	-10.00%	21.15%	8.97	1.48	33.31%	-13.05%
KMI	37.7B	19.2B	-3.06%	-3.94%	14.81	1.97	15.59%	42.83%
WMB	35.0B	11.0B	-7.02%	-11.72%	17.1	3.19	3.18%	35.07%
CQP	28.8B	17.2B	-11.33%	-12.54%	20.75	2.2	82.38%	53.25%
OKE	26.6B	22.4B	-10.39%	-11.62%	15.44	1.19	35.35%	14.84%
MID-CAP
DCP	8.2B	15.0B	-0.26%	27.40%	9.89	0.59	40.03%	169.05%
NFE	5.7B	2.4B	-27.42%	-24.05%	29.38	2.41	79.03%	100.28%
ENLC	4.7B	9.5B	-10.70%	7.84%	13.13	0.5	42.72%	1512.95%
ETRN	2.3B	1.4B	-15.78%	-33.15%	-8.4	1.67	3.09%	80.92%
DKL	2.1B	1.0B	5.67%	25.80%	13.5	2.07	47.87%	-3.50%
SMALL-CAP
NS	1.6B	226.0M	-8.19%	3.24%	7.28	7.17	436.62%	482.73%
VTNR	646.2M	2.8B	8.38%	-5.43%	-134.01	0.23	2311.20%	73.74%
RTLR	582.1M	404.2M	19.84%	54.87%	15.22	1.44	-0.37%	17.85%
SMLP	202.8M	369.6M	-6.53%	2.82%	-1.71	0.51	-7.74%	-284.00%

Financials for Energy Transfer Equity

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.1%	89,876	88,032	81,757	70,913	67,417
Operating Expenses	9.2%	4,338	3,971	3,896	3,703	3,574
S&GA Expenses	-1.8%	1,018	1,037	874	847	818
EBITDA	1.1%	10,879	10,761	-	-	-
EBITDA Margin	-12.3%	0.13*	0.15*	-	-	-
EBT Margin	-13.3%	0.06*	0.07*	-	-	-
Interest Expenses	1.7%	2,306	2,268	2,249	2,237	2,267
Net Income	5.2%	4,756	4,522	4,151	3,451	5,470
Net Income Margin	3.0%	0.05*	0.05*	0.20*	0.05*	-
Free Cahsflow	-4.2%	9,051	9,452	8,726	8,377	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.1%	105,643	105,735	108,769	109,192	105,963
Current Assets	-0.6%	12,081	12,159	15,434	15,699	10,537
Cash Equivalents	-21.2%	257	326	353	1,111	336
Inventory	-1.2%	2,461	2,490	2,216	1,981	2,014
Net PPE	0.1%	80,311	80,261	79,868	80,035	81,607
Goodwill	0.5%	2,566	2,553	2,553	2,533	2,533
Current Liabilities	-7.8%	10,368	11,243	13,475	13,719	10,835
Long Term Debt	-2.5%	48,650	49,920	49,700	-	-
LT Debt, Current	0%	2.00	2.00	2.00	652	680
LT Debt, Non Current	1.8%	48,260	47,413	48,104	48,826	49,022
Shareholder's Equity	0.2%	40,659	40,568	40,765	40,329	39,345
Accumulated Depreciation	3.7%	25,685	24,779	23,856	22,932	22,384
Minority Interest	-5.1%	7,634	8,045	-	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-4.2%	9,051	9,452	8,726	8,377	11,162
Share Based Compensation	-2.5%	115	118	117	119	111
Cashflow From Investing	-2.0%	-4,022	-3,945	-3,400	-3,411	-2,775
Cashflow From Financing	7.0%	-5,108	-5,494	-5,255	-4,210	-8,418
Buy Backs	-100.0%	0.00	31.00	-	-	-

Risks for ET

What is the probability of a big loss on ET?

79.6%

Probability that Energy Transfer Equity stock will be more than 20% underwater in next one year

38.9%

Probability that Energy Transfer Equity stock will be more than 30% underwater in next one year.

24.6%

Probability that Energy Transfer Equity stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ET drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Energy Transfer Equity was unfortunately bought at previous high price.

Drawdowns

Returns for ET

Cumulative Returns on ET

12.5%

10-Year Cumulative Returns

16.7%

7-Year Cumulative Returns

4.6%

5-Year Cumulative Returns

46.7%

3-Year Cumulative Returns

What are the long-term rolling returns for ET?

FIve years rolling returns for Energy Transfer Equity.

Annualized Returns

Which funds bought or sold ET recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	14.01	1,403,660	7,590,660	0.21%
2023-03-10	MATHER GROUP, LLC.	added	44.41	175,176	491,176	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.05	230,776	3,283,780	-%
2023-03-06	Rockefeller Capital Management L.P.	added	25.26	8,801,000	34,090,000	0.17%
2023-03-06	Aldebaran Financial Inc.	added	1.01	12,587	238,587	0.26%
2023-03-03	TIAA, FSB	unchanged	-	9,550	141,550	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	5,253	68,253	0.04%
2023-03-01	WHITENER CAPITAL MANAGEMENT, INC.	added	15.94	51,554	256,554	0.11%
2023-03-01	SMITHBRIDGE ASSET MANAGEMENT INC/DE	new	-	226,000	226,000	0.06%
2023-02-27	CASCADE INVESTMENT GROUP, INC.	new	-	452,971	452,971	0.47%

Latest Funds Activity

Are funds buying ET calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ET

No. of Funds

ET Alerts

1 major insider buys recently.

Energy Transfer Equity News

Schedule 13G FIlings of Energy Transfer Equity

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	blackstone holdings i/ii gp l.l.c.	5.2%	160,737,127	SC 13G/A
Feb 11, 2022	blackstone holdings i/ii gp l.l.c.	5.6%	171,553,052	SC 13G
Dec 10, 2021	centerpoint energy inc	6.5%	200,999,768	SC 13G
Feb 16, 2021	blackstone holdings i/ii gp l.l.c.	4.95%	133,615,682	SC 13G/A
Apr 29, 2020	blackstone holdings i/ii gp l.l.c.	6.9%	184,731,265	SC 13G

ET Fair Value

Recent SEC filings of Energy Transfer Equity

View All Filings

Date Filed	Form Type	Document
Feb 27, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 17, 2023	10-K	Annual Report
Feb 15, 2023	8-K	Current Report
Feb 10, 2023	4/A	Insider Trading
Feb 10, 2023	4	Insider Trading
Feb 10, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 25, 2023	8-K	Current Report
Jan 06, 2023	4	Insider Trading

Latest Insider Trading transactions for ET

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-23	WARREN KELCY L	bought	21,670,900	13.05	1,660,600	executive chairman
2023-02-22	WARREN KELCY L	bought	17,398,800	12.99	1,339,400	executive chairman
2023-01-04	Perry James Richard	acquired	-	-	12,691	-
2023-01-04	Grimm Michael K	acquired	-	-	12,691	-
2023-01-04	Ramsey Matthew S.	acquired	-	-	12,691	-
2023-01-04	Anderson Steven R.	acquired	-	-	12,691	-
2023-01-04	Brannon Richard D	acquired	-	-	12,691	-
2023-01-04	MCREYNOLDS JOHN W	acquired	-	-	12,691	-
2023-01-02	Brannon Richard D	acquired	-	-	2,255	-
2022-12-15	Brannon Richard D	bought	923,810	11.5476	80,000	-

About Energy Transfer Equity

Marshall S. McCrea

www.energytransfer.com

12600

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.

ET Income Statement

2022-12-31

Consolidated Statements Of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES:
Total revenues	$ 89,876	$ 67,417	$ 38,954
COSTS AND EXPENSES:
Cost of products sold	72,232	50,395	25,487
Operating expenses	4,338	3,574	3,218
Depreciation, depletion and amortization	4,164	3,817	3,678
Selling, general and administrative	1,018	818	711
Impairment losses and other	386	21	2,880
Total costs and expenses	82,138	58,625	35,974
OPERATING INCOME	7,738	8,792	2,980
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	(2,306)	(2,267)	(2,327)
Equity in earnings of unconsolidated affiliates	257	246	119
Impairment of investments in unconsolidated affiliates	0	0	(129)
Losses on extinguishments of debt	0	(38)	(75)
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	293	61	(203)
Other, net	90	77	12
Income before income tax expense	6,072	6,871	377
Income tax expense	204	184	237
NET INCOME	5,868	6,687	140
Less: Net income attributable to noncontrolling interests	1,061	1,167	739
Less: Net income attributable to redeemable noncontrolling interests	51	50	49
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS	4,756	5,470	(648)
General Partner’s interest in net income (loss)	4	6	(1)
Preferred Unitholders’ interest in net income	422	285	0
Limited Partners’ interest in net income	$ 4,330	$ 5,179	$ (647)
NET INCOME (LOSS) PER COMMON UNIT:
Basic	$ 1.40	$ 1.89	$ (0.24)
Diluted	$ 1.40	$ 1.89	$ (0.24)
Refined product sales
REVENUES:
REVENUES:	$ 26,020	$ 17,766	$ 10,514
Crude sales
REVENUES:
REVENUES:	23,473	15,299	9,442
Natural gas sales
REVENUES:
REVENUES:	8,535	9,159	2,633
Gathering, transportation and other fees
REVENUES:
REVENUES:	10,907	9,229	8,982
NGL sales
REVENUES:
REVENUES:	20,114	15,243	6,797
Other
REVENUES:
REVENUES:	$ 827	$ 721	$ 586

ET Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 257	$ 336
Accounts receivable, net	8,466	7,654
Accounts receivable from related companies	93	54
Inventories	2,461	2,014
Income taxes receivable	68	32
Derivative assets	10	10
Other current assets	726	437
Total current assets	12,081	10,537
Property, plant and equipment	105,996	103,991
Accumulated depreciation and depletion	(25,685)	(22,384)
Property, Plant and Equipment, Net	80,311	81,607
Investments in unconsolidated affiliates	2,893	2,947
Lease right-of-use assets, net	819	838
Other non-current assets, net	1,558	1,645
Intangible assets, net	5,415	5,856
Goodwill	2,566	2,533
Total assets	105,643	105,963
LIABILITIES AND EQUITY
Accounts payable	6,952	6,834
Accounts payable to related companies	17	0
Derivative liabilities	23	203
Operating lease current liabilities	45	47
Accrued and other current liabilities	3,329	3,071
Current maturities of long-term debt	2	680
Total current liabilities	10,368	10,835
Long-term debt, less current maturities	48,260	49,022
Non-current derivative liabilities	23	193
Non-current operating lease liabilities	798	814
Deferred income taxes	3,701	3,648
Other non-current liabilities	1,341	1,323
Commitments and contingencies
Redeemable noncontrolling interests	493	783
Limited Partners:
Preferred Unitholders (72,184,780 and 72,184,780 units authorized, issued and outstanding as of December 31, 2022 and 2021, respectively)	6,051	6,051
Common Unitholders (3,094,445,367 and 3,082,517,494 units authorized, issued and outstanding as of December 31, 2022 and 2021, respectively)	26,960	25,230
General Partner	(2)	(4)
Accumulated other comprehensive income	16	23
Total partners’ capital	33,025	31,300
Noncontrolling interests	7,634	8,045
Total equity	40,659	39,345
Total liabilities and equity	$ 105,643	$ 105,963