Energy Transfer LP (ET)

Over the past six months, Energy Transfer LP's stock price has experienced fluctuations, with a decline of 15.26% from November 2024 to November 2025. Key events impacting the stock include Q3 2025 earnings, which showed a decrease in adjusted EBITDA and net income compared to Q3 2024. The company expects to spend approximately $4.6 billion on organic growth capital projects in 2025. New long-term agreements with hyperscalers and data centers have been established. Executive Chairman Kelcy Warren acquired 2 million shares on November 19, 2025, and another 2 million shares on August 19, 2025. Analyst sentiment is mixed, with some bullish due to valuation and macro tailwinds, while others note unimpressive bottom-line growth and weak distribution growth.

Demand seasonality for Energy Transfer LP's products and services is influenced by the demand for natural gas, crude oil, and NGLs. Natural gas demand increases during colder winter months and hotter summer months. Energy Transfer benefits from increasing international demand for NGLs. Crude oil and refined products demand is influenced by transportation needs, industrial activity, and global economic conditions. The company's diversified portfolio and long-term fee-based contracts help provide stable cash flows.

Energy Transfer LP is an American midstream energy company, publicly traded as an investment-grade limited partnership, headquartered in Dallas, Texas. It operates in the petroleum industry, focusing on energy-related services, including pipeline transportation, storage, and terminalling of energy commodities. The company's assets include natural gas pipelines and storage, crude oil transportation and terminalling, NGL and refined products infrastructure, LNG terminaling services, and other services like natural gas compression and wholesale power trading. Energy Transfer also holds interests in Sunoco LP and USA Compression Partners, LP.

Energy Transfer has a vast geographic footprint across the United States, owning and operating over 130,000 miles of pipeline and associated infrastructure in 44 states. Its assets are strategically positioned in major U.S. production basins, providing nationwide connectivity and access to major demand markets, including export capabilities.

Information directly detailing Energy Transfer LP's brand reputation in the past year is not explicitly available. The company emphasizes safety, environmental compliance, and asset reliability. Ongoing infrastructure projects and acquisitions can be associated with environmental or community concerns. Consistent distribution yield and strategic growth initiatives likely contribute positively to its reputation among income-focused investors.

Energy Transfer LP's ownership is a mix of institutional, retail, and individual investors. Approximately 31.71% of the company's shares are held by institutional investors, including Alps Advisors Inc., AMLP - ALERIAN MLP ETF, Morgan Stanley, and Invesco Ltd. Individual insiders own approximately 3.59% of the company's shares, with Kelcy Warren holding a significant portion. The general public holds about 64.7% of the shares.