ET Stock Summary and Trading Ideas (Energy Transfer LP Common Units | NYSE:ET)

Energy Transfer owns one of the largest portfolios of crude oil, natural gas, and natural gas liquid assets in the US, primarily in Texas and the US midcontinent region. Its pipeline network totals 130,000 miles. It also owns gathering and processing facilities, one of the largest fractionation facilities in the US, fuel distribution assets, and the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018.

Energy Transfer LP Common Units trades on the NYSE stock market under the symbol ET.

As of January 3, 2025, ET stock price declined to $19.64 with 9,963,270 million shares trading.

ET has a beta of 0.49, meaning it tends to be less sensitive to market movements. ET has a correlation of 0.12 to the broad based SPY ETF.

ET has a market cap of $67.21 billion. This is considered a Large Cap stock.

Last quarter Energy Transfer LP Common Units reported $21 billion in Revenue and $.32 earnings per share. This fell short of revenue expectation by $-2 billion and missed earnings estimates by -$.02.

In the last 3 years, ET traded as high as $20.02 and as low as $8.75.

The top ETF exchange traded funds that ET belongs to (by Net Assets): AMLP, MLPA, EMLP, MLPX, AMZA.

ET has outperformed the market in the last year with a price return of +49.2% while the SPY ETF gained +27.8%. ET has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +22.4% and +4.1%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

ET support price is $19.39 and resistance is $20.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ET shares will trade within this expected range on the day.