Energy Transfer Q4 Earnings Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy ET?
Source: seekingalpha
- Earnings Performance: Energy Transfer reported a Q4 GAAP EPS of $0.25, missing expectations by $0.11, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved $25.32 billion in revenue for Q4, a 29.6% year-over-year increase, surpassing market expectations by $1.28 billion, demonstrating its strong sales capabilities in the market.
- Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was $4.18 billion, up 8% from $3.88 billion in the same period last year, reflecting improvements in cost control and operational efficiency.
- Cash Flow Distribution: Distributable cash flow attributable to partners was $2.04 billion, up from $1.98 billion year-over-year, indicating robust capital management that supports future dividend and investment plans.
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Analyst Views on ET
Wall Street analysts forecast ET stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 18.750
Low
17.00
Averages
20.65
High
23.00
Current: 18.750
Low
17.00
Averages
20.65
High
23.00
About ET
Energy Transfer LP owns and operates a diversified portfolios of energy assets in the United States, with more than 140,000 miles of pipeline and associated energy infrastructure. The Company’s strategic network spans 44 states with assets in all of the major United States production basins. Its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. The Company’s segments include intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USA Compression Partners, LP (USAC), and all other. It also owns Lake Charles LNG Company, LLC, its wholly owned subsidiary, which owns an LNG import terminal and regasification facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Energy Transfer LP Q4 Earnings Preview
- Earnings Release Announcement: Energy Transfer LP is set to release its fourth-quarter earnings before the market opens on February 17, with analysts projecting earnings of 36 cents per share, an increase from 29 cents per share in the previous year, indicating improved profitability.
- Revenue Growth Expectations: Analysts anticipate the company's quarterly revenue to reach $24.04 billion, a significant rise from $19.54 billion last year, showcasing the company's strong market performance and business expansion capabilities.
- Dividend Increase: On January 27, the company announced an increase in its quarterly dividend from 33 cents to 33.5 cents, reflecting confidence in future cash flows and potentially attracting more investor interest.
- Stock Price Movement: Shares of Energy Transfer gained 2.7% to close at $18.75 on Friday, indicating positive market sentiment regarding the upcoming earnings report and the company's outlook.
See More
Enterprise Products Partners Growth Potential Analysis
- Stable Income Source: Enterprise Products Partners has seen its stock price rise by 68% over the past five years, with a total return of 141%, highlighting its appeal as a reliable income stock, especially in a volatile market environment.
- Cash Flow Growth: From 2020 to 2024, the company's distributable cash flow (DCF) is expected to increase from $6.41 billion to $7.84 billion, with the distribution coverage ratio improving from 1.6x to 1.7x, indicating a continued strengthening of its financial health.
- Profitability Improvement: Earnings per unit (EPU) is projected to rise from $1.71 in 2020 to $2.69 in 2024, reflecting the company's success in expanding its pipeline network, particularly in key areas like the Permian Basin.
- Future Stock Price Forecast: Analysts expect the EPU to grow at a CAGR of 5.6% from 2024 to 2028, reaching $3.35, and if this growth continues through 2031, the stock price could potentially increase by about 40% to $52 over the next five years.
See More
Energy Transfer LP Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Adjusted EBITDA for Q4 2025 was approximately $4.2 billion, up from $3.9 billion in Q4 2024, with full-year EBITDA reaching a record $16 billion, indicating robust market performance and profitability.
- Capital Expenditure Plans: The company invested about $4.5 billion in organic growth for 2025, with projected capital expenditures for 2026 between $5 billion and $5.5 billion, primarily focused on enhancing natural gas assets and expanding NGL and refined products, reflecting confidence in future growth.
- Pipeline Project Expansion: The Desert Southwest Pipeline project has been upsized to a 48-inch diameter, increasing capacity to 2.3 Bcf per day, with expected in-service by Q4 2029 at a projected cost of $5.6 billion, showcasing strategic infrastructure investment.
- Long-Term Growth Outlook: Management reiterated a long-term distribution growth target of 3% to 5% and projected 2026 adjusted EBITDA guidance of $17.45 billion to $17.85 billion, reflecting ongoing growth potential and attractiveness to investors.
See More
Retail Giants Earnings Season Nears Conclusion
- Earnings Calendar: This week, several retail, energy, and tech giants are set to report earnings, with investors particularly focused on Medtronic, Energy Transfer, and HIVE, while Carvana's Q4 results are due after Wednesday's close.
- Carvana Earnings Expectations: Analysts forecast Carvana to report earnings of $1.10 per share on revenue of $5.26 billion, with strong year-over-year growth in retail units and gross profit per unit, although investor concerns linger over a recent short-seller report alleging accounting irregularities.
- Walmart Earnings Focus: Walmart is expected to report earnings on Thursday, with estimates of $0.72 per share and revenue of $190.24 billion, as investors will closely monitor the growth of high-margin segments and commentary on consumer health.
- Opendoor Earnings Outlook: Opendoor is set to release its Q4 results after Thursday's close, with investors looking for updates on its turnaround plans and progress towards profitability by 2026, particularly regarding improvements in gross margins and the success of its AI-driven “capital-light” platform.
See More
Energy Transfer's Q4 Earnings Preview Highlights Key Metrics
- Earnings Performance: Energy Transfer reported a GAAP EPS of $0.25 for Q4, missing expectations by $0.11, indicating pressure on profitability that could affect investor confidence.
- Revenue Figures: Despite the EPS miss, the company achieved revenues of $25.32 billion, exceeding market expectations by $1.28 billion, suggesting strong sales performance that may lay the groundwork for future growth.
- Market Reaction: Following the earnings miss, analysts downgraded the company's rating, reflecting a cautious market sentiment regarding its future performance, which could lead to short-term stock price volatility.
- Strategic Outlook: Although the current earnings report is disappointing, Energy Transfer is still viewed as undervalued, and with growing distributions, long-term investors may see potential value recovery.
See More
Energy Transfer's Q4 Earnings Preview Highlights Key Metrics
- Earnings Preview: Energy Transfer is expected to report a GAAP EPS of $0.25 for Q4, which misses market expectations by $0.11, indicating potential pressure on profitability that could affect investor confidence.
- Revenue Performance: The company reported revenues of $25.32 billion, exceeding expectations by $1.28 billion, suggesting that despite the earnings miss, sales growth remains robust, potentially laying the groundwork for future profit improvements.
- Rating Downgrade: Analysts have downgraded their ratings on Energy Transfer, reflecting concerns about its future profitability, which may lead to increased stock price volatility in the short term and impact investor decisions.
- Market Outlook: Despite current challenges reflected in the earnings report, Energy Transfer is considered undervalued, particularly in the context of growing distributions, which may attract long-term investors' interest.
See More
Energy Transfer LP Q4 Earnings Preview
- Earnings Release Announcement: Energy Transfer LP is set to release its fourth-quarter earnings before the market opens on February 17, with analysts projecting earnings of 36 cents per share, an increase from 29 cents per share in the previous year, indicating improved profitability.
- Revenue Growth Expectations: Analysts anticipate the company's quarterly revenue to reach $24.04 billion, a significant rise from $19.54 billion last year, showcasing the company's strong market performance and business expansion capabilities.
- Dividend Increase: On January 27, the company announced an increase in its quarterly dividend from 33 cents to 33.5 cents, reflecting confidence in future cash flows and potentially attracting more investor interest.
- Stock Price Movement: Shares of Energy Transfer gained 2.7% to close at $18.75 on Friday, indicating positive market sentiment regarding the upcoming earnings report and the company's outlook.
See More
Enterprise Products Partners Growth Potential Analysis
- Stable Income Source: Enterprise Products Partners has seen its stock price rise by 68% over the past five years, with a total return of 141%, highlighting its appeal as a reliable income stock, especially in a volatile market environment.
- Cash Flow Growth: From 2020 to 2024, the company's distributable cash flow (DCF) is expected to increase from $6.41 billion to $7.84 billion, with the distribution coverage ratio improving from 1.6x to 1.7x, indicating a continued strengthening of its financial health.
- Profitability Improvement: Earnings per unit (EPU) is projected to rise from $1.71 in 2020 to $2.69 in 2024, reflecting the company's success in expanding its pipeline network, particularly in key areas like the Permian Basin.
- Future Stock Price Forecast: Analysts expect the EPU to grow at a CAGR of 5.6% from 2024 to 2028, reaching $3.35, and if this growth continues through 2031, the stock price could potentially increase by about 40% to $52 over the next five years.
See More
Energy Transfer LP Q4 2025 Earnings Call Highlights
- Strong Financial Performance: Adjusted EBITDA for Q4 2025 was approximately $4.2 billion, up from $3.9 billion in Q4 2024, with full-year EBITDA reaching a record $16 billion, indicating robust market performance and profitability.
- Capital Expenditure Plans: The company invested about $4.5 billion in organic growth for 2025, with projected capital expenditures for 2026 between $5 billion and $5.5 billion, primarily focused on enhancing natural gas assets and expanding NGL and refined products, reflecting confidence in future growth.
- Pipeline Project Expansion: The Desert Southwest Pipeline project has been upsized to a 48-inch diameter, increasing capacity to 2.3 Bcf per day, with expected in-service by Q4 2029 at a projected cost of $5.6 billion, showcasing strategic infrastructure investment.
- Long-Term Growth Outlook: Management reiterated a long-term distribution growth target of 3% to 5% and projected 2026 adjusted EBITDA guidance of $17.45 billion to $17.85 billion, reflecting ongoing growth potential and attractiveness to investors.
See More
Retail Giants Earnings Season Nears Conclusion
- Earnings Calendar: This week, several retail, energy, and tech giants are set to report earnings, with investors particularly focused on Medtronic, Energy Transfer, and HIVE, while Carvana's Q4 results are due after Wednesday's close.
- Carvana Earnings Expectations: Analysts forecast Carvana to report earnings of $1.10 per share on revenue of $5.26 billion, with strong year-over-year growth in retail units and gross profit per unit, although investor concerns linger over a recent short-seller report alleging accounting irregularities.
- Walmart Earnings Focus: Walmart is expected to report earnings on Thursday, with estimates of $0.72 per share and revenue of $190.24 billion, as investors will closely monitor the growth of high-margin segments and commentary on consumer health.
- Opendoor Earnings Outlook: Opendoor is set to release its Q4 results after Thursday's close, with investors looking for updates on its turnaround plans and progress towards profitability by 2026, particularly regarding improvements in gross margins and the success of its AI-driven “capital-light” platform.
See More
Energy Transfer's Q4 Earnings Preview Highlights Key Metrics
- Earnings Performance: Energy Transfer reported a GAAP EPS of $0.25 for Q4, missing expectations by $0.11, indicating pressure on profitability that could affect investor confidence.
- Revenue Figures: Despite the EPS miss, the company achieved revenues of $25.32 billion, exceeding market expectations by $1.28 billion, suggesting strong sales performance that may lay the groundwork for future growth.
- Market Reaction: Following the earnings miss, analysts downgraded the company's rating, reflecting a cautious market sentiment regarding its future performance, which could lead to short-term stock price volatility.
- Strategic Outlook: Although the current earnings report is disappointing, Energy Transfer is still viewed as undervalued, and with growing distributions, long-term investors may see potential value recovery.
See More
Energy Transfer's Q4 Earnings Preview Highlights Key Metrics
- Earnings Preview: Energy Transfer is expected to report a GAAP EPS of $0.25 for Q4, which misses market expectations by $0.11, indicating potential pressure on profitability that could affect investor confidence.
- Revenue Performance: The company reported revenues of $25.32 billion, exceeding expectations by $1.28 billion, suggesting that despite the earnings miss, sales growth remains robust, potentially laying the groundwork for future profit improvements.
- Rating Downgrade: Analysts have downgraded their ratings on Energy Transfer, reflecting concerns about its future profitability, which may lead to increased stock price volatility in the short term and impact investor decisions.
- Market Outlook: Despite current challenges reflected in the earnings report, Energy Transfer is considered undervalued, particularly in the context of growing distributions, which may attract long-term investors' interest.
See More
