Energy Transfer (NYSE:ET) Trading 1.5% Higher - Here's What Happened

Key Points

• Energy Transfer shares rose 1.5% intraday to $20.38 on heavy volume of 42.1 million shares, about 155% above the average session volume.
• The company posted a Q1 revenue beat of $27.77 billion and raised 2026 adjusted EBITDA guidance to $18.2–$18.6 billion, but missed EPS at $0.35 (vs. $0.38) and reported materially lower adjusted DCF (~$2.7 billion), which could pressure distributions and valuation.
• Energy Transfer increased its quarterly dividend to $0.3375 (annualized $1.35) for a ~6.6% yield, though the payout ratio is elevated at roughly 110.7%, raising sustainability concerns.

Energy Transfer LP (NYSE:ET - Get Free Report)'s stock price traded up 1.5% during mid-day trading on Tuesday . The company traded as high as $20.67 and last traded at $20.3840. 42,118,199 shares changed hands during mid-day trading, an increase of 155% from the average session volume of 16,495,361 shares. The stock had previously closed at $20.08.

Energy Transfer News Summary

Here are the key news stories impacting Energy Transfer this week:

• Positive Sentiment: Company raised 2026 adjusted EBITDA guidance to $18.2–$18.6 billion, signaling stronger-than-expected underlying EBITDA outlook. Energy Transfer Q1 Earnings Lag Estimates, Revenues Increase Y/Y
• Positive Sentiment: Q1 revenue beat — $27.77B vs. ~$25.6B consensus — driven by record volumes, supporting growth expectations and cash generation potential. Energy Transfer Stock Tests Resistance After Revenue Beat, Record Volumes
• Positive Sentiment: Unusually large call-option buying (102,786 calls, ~93% above typical volume) indicates bullish positioning by traders/hedge funds ahead of or after the print. (Options flow reported 5/5)
• Neutral Sentiment: Management provided additional detail on capital allocation: ~ $1.5B spent on organic growth capital YTD focused on intrastate, NGL, refined products and interstate segments — useful for modeling but mixed for near-term free cash. Energy Transfer (ET) Q1 2026 Earnings Transcript
• Neutral Sentiment: Market previews and call recaps highlighted expectations and longer-term strategy; useful context but not market-moving on its own. Energy Transfer LP Q1 2026 Earnings Call Summary
• Negative Sentiment: Q1 EPS missed consensus ($0.35 reported vs. $0.38 expected), a headline that can temper investor enthusiasm despite the revenue beat. Energy Transfer Reports First Quarter 2026 Results and Updates 2026 Financial Guidance
• Negative Sentiment: Management noted materially lower adjusted DCF to partners (~$2.7B) versus the prior-year quarter, implying compression in distributable cash flow that may pressure distributions or valuation multiples going forward. Energy Transfer (ET) Q1 2026 Earnings Transcript

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of Energy Transfer in a research note on Friday, January 16th. TD Cowen boosted their price objective on Energy Transfer from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Morgan Stanley boosted their price objective on Energy Transfer from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 10th. UBS Group reissued a "buy" rating on shares of Energy Transfer in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company boosted their price objective on Energy Transfer from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.60.

Energy Transfer Trading Up 1.5%

The company has a debt-to-equity ratio of 1.50, a current ratio of 1.22 and a quick ratio of 0.90. The company has a market cap of $70.13 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57. The business has a 50 day simple moving average of $18.99 and a 200 day simple moving average of $17.75.

Energy Transfer (NYSE:ET - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $25.58 billion. Energy Transfer had a return on equity of 10.17% and a net margin of 5.11%.Energy Transfer's revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities analysts forecast that Energy Transfer LP will post 1.52 EPS for the current year.

Energy Transfer Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Friday, May 8th will be given a dividend of $0.3375 per share. The ex-dividend date is Friday, May 8th. This is an increase from Energy Transfer's previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a dividend yield of 6.6%. Energy Transfer's dividend payout ratio is presently 110.74%.

Institutional Investors Weigh In On Energy Transfer

Institutional investors and hedge funds have recently made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in Energy Transfer during the 4th quarter worth about $25,000. Gables Capital Management Inc. raised its holdings in Energy Transfer by 60.0% during the 4th quarter. Gables Capital Management Inc. now owns 1,600 shares of the pipeline company's stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Energy Transfer during the 4th quarter worth about $32,000. Financial Life Planners bought a new stake in Energy Transfer during the 3rd quarter worth about $34,000. Finally, Navalign LLC bought a new stake in Energy Transfer during the 4th quarter worth about $37,000. Institutional investors own 38.22% of the company's stock.

Energy Transfer Company Profile

Energy Transfer NYSE: ET is a Dallas-based midstream energy company that develops and operates infrastructure for the transportation, storage and processing of hydrocarbons. The company's operations focus on moving and storing natural gas, natural gas liquids (NGLs), crude oil and refined products through an integrated network of pipelines, terminals, storage facilities and processing plants. Energy Transfer provides core midstream services such as gathering, compression, fractionation, processing, and bulk transportation to support production and downstream supply chains.

Its asset base spans an extensive network across the United States, connecting producing regions, processing centers, petrochemical hubs and coastal and inland markets.

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