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Energy Transfer LP: A Definite Candidate For 2022

Jan. 03, 2022 9:45 AM ETEnergy Transfer LP (ET)EPD97 Comments


  • Revenues for the 3Q21 were $16,664 million with a net income of $635 million or $0.20 per diluted share.
  • ET's percentage of worldwide NGL exports has nearly doubled over the past 18 months to almost 20%.
  • ET has corrected about 50% from its high in June and now presents a much better valuation, making the stock attractive.
  • I recommend accumulating ET at or below $8.20.
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steel long pipes in crude oil factory during sunset

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Energy Transfer LP (NYSE:ET) -- owned by billionaire Kelcy Warren -- is a publicly-traded limited partnership classified as an energy-related services provider.

Its primary operations are midstream natural gas, intrastate, interstate transportation and storage assets, crude oil, natural gas

Energy Transfer LP, Sunoco LP, USA Compression Partners LP, and Enterprise Products Partners LP: price & change
Data by YCharts

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Starting a long-term position at below $8.20.

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