Energy Transfer: Fundamentals Keep Improving [Seeking Alpha]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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US:NYSE Investor Relations:
about.etrade.com/index.cfm
Company Research
Source: Seeking Alpha
The company demonstrates consistently improving operating leverage and the management's guidance for 2024 suggests that the profitability expansion trend will persist. My valuation analysis suggests that the stock is around 30% undervalued. Investment thesis My previous bullish thesis about Energy Transfer LP ( NYSE: ET ) aged well as the stock delivered almost 17% total return since mid-December, outperforming the broader U.S. market. The company's fundamentals are improving steadily, which is a bullish sign to me. I think that the above 8% distribution yield is safe as the company continues to improve its operating leverage. I also like the management's capital allocation and growth priorities for 2024. My valuation analysis suggests that the stock is more than 30% undervalued, which means there is a solid upside potential. All in all, I reiterate my "Strong Buy" rating for Energy Transfer LP. Recent developments The latest quarterly earnings were released on February 14,
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ET
News
- 4 Fortune 500 Industry Leaders Boast Ideal April/May Dividends [Seeking Alpha]Seeking Alpha
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at April 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Texas Utility Makes Case Pipelines Set ‘Unconscionable' Prices [BNN Bloomberg (Canada)]BNN Bloomberg
- Energy Transfer LP (ET) Rises Yet Lags Behind Market: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- ClearBridge Energy MLP Strategy Q1 2024 Portfolio Manager Commentary [Seeking Alpha]Seeking Alpha
ET
Earnings
- 2/14/24 - Beat
ET
Sec Filings
- 4/24/24 - Form 8-K
- 3/4/24 - Form 8-K
- 3/1/24 - Form S-3D
- ET's page on the SEC website