Energy Transfer LP

Energy Transfer remains a Strong Buy, with Q3 results delivering a clear beat, record volumes, and 33% DCF growth at 2.1x coverage. ET's valuation remains discounted, trading at 8.68x EV/EBITDA despite sector-leading growth and a forward yield of 7.04%, above key peers. The Vaquero Midstream acquisition adds fee-based, long-term contracted volumes, supporting ET's stable, growth-oriented strategy with minimal dilution.

Energy Transfer turned in strong Q3 results, helped by continued energy market volatility. The company is ramping up growth and is the cheapest stock in the space.

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (Texas Stock Exchange, TXSE: ET) today announced the pricing of its offering of $900 million aggregate principal amount of 5.450% senior notes due 2032, $900 million aggregate principal amount of 5.900% senior notes due 2037 and $900 million aggregate principal amount of 6.550% senior notes due 2057 (together, the “senior notes”) at prices to the public of 99.972%, 99.719% and 99.862%, respectively, of their face value. The sale of the senior notes is.

Energy Transfer delivered a strong Q3, beating EBITDA estimates and raising full-year guidance to $19.7–$19.9 billion. Every segment posted gains, with notable strength in NGLs, refined products, and Sunoco EBITDA contributions. Major pipeline projects, including a $1.6B Louisiana-Mississippi build and a $5.6B Arizona pipeline, underpin future growth.