WallStSmart

Energy Transfer LP (ET)vsWestern Midstream Partners LP (WES)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Energy Transfer LP generates 2379% more annual revenue ($107.38B vs $4.33B). WES leads profitability with a 29.0% profit margin vs 4.9%. ET appears more attractively valued with a PEG of 0.67. ET earns a higher WallStSmart Score of 72/100 (B).

ET

Strong Buy

72

out of 100

Grade: B

Growth: 7.3Profit: 6.0Value: 8.7Quality: 4.3
Piotroski: 3/9

WES

Strong Buy

69

out of 100

Grade: B-

Growth: 7.3Profit: 9.0Value: 5.3Quality: 3.3
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ETUndervalued (+86.3%)

Margin of Safety

+86.3%

Fair Value

$157.28

Current Price

$21.47

$135.81 discount

UndervaluedFair: $157.28Overvalued
WESUndervalued (+1.4%)

Margin of Safety

+1.4%

Fair Value

$43.03

Current Price

$49.03

$6.00 discount

UndervaluedFair: $43.03Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ET6 strengths · Avg: 8.8/10
Revenue GrowthGrowth
78.4%10/10

Revenue surging 78.4% year-over-year

EPS GrowthGrowth
85.3%10/10

Earnings expanding 85.3% YoY

Market CapQuality
$74.20B9/10

Large-cap with strong market position

PEG RatioValuation
0.678/10

Growing faster than its price suggests

P/E RatioValuation
14.9x8/10

Attractively priced relative to earnings

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

WES5 strengths · Avg: 9.2/10
Operating MarginProfitability
41.7%10/10

Strong operational efficiency at 41.7%

Revenue GrowthGrowth
30.0%10/10

Revenue surging 30.0% year-over-year

Return on EquityProfitability
29.7%9/10

Every $100 of equity generates 30 in profit

Profit MarginProfitability
29.0%9/10

Keeps 29 of every $100 in revenue as profit

P/E RatioValuation
15.6x8/10

Attractively priced relative to earnings

Areas to Watch

ET3 concerns · Avg: 3.0/10
Profit MarginProfitability
4.9%3/10

4.9% margin — thin

Debt/EquityHealth
1.993/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

WES4 concerns · Avg: 2.0/10
Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
5.482/10

Expensive relative to growth rate

Free Cash FlowQuality
$-216.94M2/10

Negative free cash flow — burning cash

Debt/EquityHealth
2.141/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : ET

The strongest argument for ET centers on Revenue Growth, EPS Growth, Market Cap. Revenue growth of 78.4% demonstrates continued momentum. PEG of 0.67 suggests the stock is reasonably priced for its growth.

Bull Case : WES

The strongest argument for WES centers on Operating Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 29.0% and operating margin at 41.7%. Revenue growth of 30.0% demonstrates continued momentum.

Bear Case : ET

The primary concerns for ET are Profit Margin, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.99 is elevated, increasing financial risk. Thin 4.9% margins leave little buffer for downturns.

Bear Case : WES

The primary concerns for WES are Piotroski F-Score, PEG Ratio, Free Cash Flow. Debt-to-equity of 2.14 is elevated, increasing financial risk.

Key Dynamics to Monitor

ET profiles as a hypergrowth stock while WES is a growth play — different risk/reward profiles.

WES carries more volatility with a beta of 0.66 — expect wider price swings.

ET is growing revenue faster at 78.4% — sustainability is the question.

ET generates stronger free cash flow (2.7B), providing more financial flexibility.

Bottom Line

ET scores higher overall (72/100 vs 69/100) and 78.4% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Energy Transfer LP

ENERGY · OIL & GAS MIDSTREAM · USA

Energy Transfer LP offers energy related services. The company is headquartered in Dallas, Texas.

Western Midstream Partners LP

ENERGY · OIL & GAS MIDSTREAM · USA

Western Midstream Partners, LP, acquires, owns, develops and operates midstream assets primarily in the United States.

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