WallStSmart
ET

Energy Transfer LP

NYSE: ET · ENERGY · OIL & GAS MIDSTREAM

$19.76
+1.80% today

Updated 2026-04-29

Market cap
$67.98B
P/E ratio
16.33
P/S ratio
0.80x
EPS (TTM)
$1.21
Dividend yield
6.83%
52W range
$15 – $20
Volume
15.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Energy Transfer LP (ET) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$19.76
Consensus
$21.67
+9.67%
2030 Target
$448.64
+2170.45%
DCF
$138.67
+86.87% MoS
9 analysts:
5 Buy2 Hold0 Sell

Management guidance

Energy Transfer management has not provided explicit multi-year revenue targets in available guidance. However, Q4 2025 earnings showed record adjusted EBITDA of ~$16B and management projects continued growth for 2026 driven by increased pipeline volumes and export demand. No specific revenue CAGR targets or 2030 revenue goals were disclosed in the research.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$745.84
$128.4B Rev × 20x P/S
Base case (2030)
$448.64
$128.4B Rev × 12x P/S
Bear case (2030)
$299.09
$128.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$78.6B$82.7B$82.6B$103.4B$108.1B$114.5B$121.2B$128.4B
Revenue growth—5.2%-0.1%20.9%4.6%5.9%5.9%5.9%
EPS$1.27$1.12$1.21$1.63$1.74$1.86$1.98$2.12
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$359.67$376.71$399.42$422.14$448.64

Catalysts & risks

Growth catalysts
+ Record EBITDA growth ($16B in 2025) driven by volume increases and LNG export demand
+ Strategic partnerships with data centers (Oracle, CloudBurst) supporting infrastructure expansion
+ Potential benefits from Qatar LNG production shutdown creating additional US export opportunities
+ Expansion projects and continued fee-based revenue growth (~90% of EBITDA from non-commodity sources)
+ High institutional ownership increases and analyst upgrade momentum post-earnings
Key risks
- High debt levels (Debt/Eq 2.04) limit financial flexibility during downturns
- Long-term energy transition and shift away from fossil fuels impacts midstream demand growth
- Geopolitical volatility (Iran conflict) creates near-term commodity price uncertainty
- Complex business model and MLP structure may limit valuation multiples vs peers
- Environmental regulation and potential carbon pricing impacts operations

Methodology

Energy Transfer LP's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.