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Energy Transfer

DB:48E
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
48E
DB
$15B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Energy Transfer LP provides energy-related services. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Energy Transfer is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Energy Transfer has significant price volatility in the past 3 months.
48E Share Price and Events
7 Day Returns
13.9%
DB:48E
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-61.6%
DB:48E
28.1%
DE Oil and Gas
-16.6%
DE Market
48E Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Energy Transfer (48E) 13.9% -28.3% -56.5% -61.6% -70.3% -83.1%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 48E underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 48E underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
48E
Industry
5yr Volatility vs Market

48E Value

 Is Energy Transfer undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Energy Transfer to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Energy Transfer.

DB:48E Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.24023
Payout Ratio Company Filings (2019-12-31) 9940.9%
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:48E
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (346.57%))
2.704
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:48E using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Energy Transfer is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:48E Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.24 / (10.49% - -0.39%)
$10.13
DB:48E Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:48E represents 0.94247x of NYSE:ET
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94247x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 11.40 x 0.94247
€10.74
Value per share (EUR) From above. €10.74
Current discount Discount to share price of €5.26
= -1 x (€5.26 - €10.74) / €10.74
51%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Energy Transfer is available for.
Intrinsic value
>50%
Share price is €5.26 vs Future cash flow value of €10.74
Current Discount Checks
For Energy Transfer to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Energy Transfer's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Energy Transfer's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Energy Transfer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Energy Transfer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:48E PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.37
NYSE:ET Share Price ** NYSE (2020-04-07) in USD $5.58
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Energy Transfer.

DB:48E PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ET Share Price ÷ EPS (both in USD)

= 5.58 ÷ 1.37

4.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Energy Transfer is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Energy Transfer is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Energy Transfer's expected growth come at a high price?
Raw Data
DB:48E PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-0.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:48E PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.09x ÷ -0.9%

-4.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Energy Transfer earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Energy Transfer's assets?
Raw Data
DB:48E PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.12
NYSE:ET Share Price * NYSE (2020-04-07) in USD $5.58
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:48E PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ET Share Price ÷ Book Value per Share (both in USD)

= 5.58 ÷ 8.12

0.69x

* Primary Listing of Energy Transfer.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Energy Transfer is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Energy Transfer's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Energy Transfer has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

48E Future Performance

 How is Energy Transfer expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Energy Transfer expected to grow at an attractive rate?
  • Energy Transfer's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Energy Transfer's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Energy Transfer's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:48E Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:48E Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -0.9%
DB:48E Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:48E Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:48E Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 60,827 1
2023-12-31 59,889 1
2022-12-31 57,097 8,095 3,576 6
2021-12-31 58,473 8,092 3,334 10
2020-12-31 57,392 7,988 3,414 11
2020-04-08
DB:48E Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 54,213 8,003 3,588
2019-09-30 54,066 8,173 3,194
2019-06-30 55,085 8,232 2,723
2019-03-31 55,326 7,183 2,214
2018-12-31 54,087 7,022 1,923
2018-09-30 51,965 5,831 1,535
2018-06-30 47,435 5,655 1,386
2018-03-31 42,744 5,327 1,427
2017-12-31 40,523 4,565 1,091
2017-09-30 39,637 4,575 1,576
2017-06-30 37,358 3,490 1,548
2017-03-31 35,346 3,322 1,375

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Energy Transfer's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Energy Transfer's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:48E Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Energy Transfer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:48E Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.33 1.48 1.14 5.00
2021-12-31 1.32 1.87 1.04 11.00
2020-12-31 1.32 1.53 1.19 10.00
2020-04-08
DB:48E Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.37
2019-09-30 1.25
2019-06-30 1.25
2019-03-31 1.22
2018-12-31 1.35
2018-09-30 1.39
2018-06-30 1.27
2018-03-31 1.32
2017-12-31 1.01
2017-09-30 1.47
2017-06-30 1.46
2017-03-31 1.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Energy Transfer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Energy Transfer's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Energy Transfer has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

48E Past Performance

  How has Energy Transfer performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Energy Transfer's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Energy Transfer has delivered over 20% year on year earnings growth in the past 5 years.
  • Energy Transfer's 1-year earnings growth exceeds its 5-year average (86.6% vs 28%)
  • Energy Transfer's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (86.6% vs -0.6%).
Earnings and Revenue History
Energy Transfer's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Energy Transfer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:48E Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 54,213.00 3,588.00 854.00
2019-09-30 54,066.00 3,194.00 906.00
2019-06-30 55,085.00 2,723.00 879.00
2019-03-31 55,326.00 2,214.00 839.00
2018-12-31 54,087.00 1,923.00 702.00
2018-09-30 51,965.00 1,535.00 669.00
2018-06-30 47,435.00 1,386.00 669.00
2018-03-31 42,744.00 1,427.00 694.00
2017-12-31 40,523.00 1,091.00 599.00
2017-09-30 39,637.00 1,576.00 854.00
2017-06-30 37,358.00 1,548.00 904.00
2017-03-31 35,346.00 1,375.00 873.00
2016-12-31 31,792.00 1,445.00 791.00
2016-09-30 30,763.00 1,045.00 813.00
2016-06-30 33,674.00 1,141.00 773.00
2016-03-31 37,853.00 1,215.00 829.00
2015-12-31 36,096.00 1,145.00 803.00
2015-09-30 46,071.00 983.00 867.00
2015-06-30 50,442.00 881.00 863.00
2015-03-31 52,991.00 703.00 788.00
2014-12-31 55,691.00 565.00 744.00
2014-09-30 54,817.00 293.00 633.00
2014-06-30 52,316.00 241.00 612.00
2014-03-31 50,236.00 239.00 630.00
2013-12-31 48,335.00 163.00 660.00
2013-09-30 47,041.00 346.00 669.00
2013-06-30 36,659.00 386.00 610.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Energy Transfer has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Energy Transfer used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Energy Transfer has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Energy Transfer's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Energy Transfer has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

48E Health

 How is Energy Transfer's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Energy Transfer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Energy Transfer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Energy Transfer's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Energy Transfer's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Energy Transfer Company Filings, last reported 3 months ago.

DB:48E Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 34,584.00 51,028.00 291.00
2019-09-30 32,541.00 46,812.00 211.00
2019-06-30 32,517.00 46,499.00 445.00
2019-03-31 31,561.00 46,523.00 529.00
2018-12-31 31,349.00 46,028.00 419.00
2018-09-30 31,532.00 44,772.00 398.00
2018-06-30 30,870.00 44,633.00 519.00
2018-03-31 29,502.00 42,188.00 547.00
2017-12-31 30,001.00 44,084.00 336.00
2017-09-30 26,661.00 45,211.00 469.00
2017-06-30 25,211.00 44,454.00 375.00
2017-03-31 25,757.00 42,975.00 370.00
2016-12-31 22,479.00 44,052.00 467.00
2016-09-30 23,238.00 41,324.00 472.00
2016-06-30 23,045.00 39,621.00 475.00
2016-03-31 23,087.00 38,331.00 807.00
2015-12-31 23,646.00 36,968.00 606.00
2015-09-30 23,096.00 36,347.00 1,019.00
2015-06-30 23,595.00 34,915.00 1,623.00
2015-03-31 22,839.00 33,653.00 1,863.00
2014-12-31 22,362.00 30,485.00 847.00
2014-09-30 22,340.00 29,939.00 1,108.00
2014-06-30 19,715.00 27,318.00 1,234.00
2014-03-31 19,990.00 26,293.00 1,010.00
2013-12-31 16,311.00 23,199.00 590.00
2013-09-30 17,236.00 22,309.00 1,177.00
2013-06-30 17,173.00 22,759.00 621.00
  • Energy Transfer's level of debt (147.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (136.5% vs 147.5% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Energy Transfer's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Energy Transfer has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

48E Dividends

 What is Energy Transfer's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
21.86%
Current annual income from Energy Transfer dividends. Estimated to be 22.23% next year.
If you bought €2,000 of Energy Transfer shares you are expected to receive €437 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Energy Transfer's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Energy Transfer's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Energy Transfer before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:48E Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:48E Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.28 4.00
2023-12-31 1.26 5.00
2022-12-31 1.24 8.00
2021-12-31 1.25 16.00
2020-12-31 1.22 15.00
2020-04-08
DB:48E Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-31 1.220 23.389
2020-01-27 1.220 14.683
2019-10-24 1.220 9.793
2019-08-08 1.220 9.238
2019-08-07 1.220 8.924
2019-04-25 1.220 8.401
2019-01-29 1.220 8.043
2018-10-29 1.220 8.515
2018-07-26 1.220 6.974
2018-04-26 1.220 7.131
2018-01-29 1.220 7.796
2017-10-26 1.180 6.876
2017-08-09 1.140 6.565
2017-08-08 1.140 6.639
2017-05-04 1.140 6.547
2017-05-03 1.140 6.460
2017-01-26 1.140 6.057
2016-10-27 1.140 6.608
2016-07-28 1.140 6.758
2016-04-26 1.140 8.321
2016-01-27 1.140 15.438
2015-10-26 1.140 8.327
2015-07-23 1.060 4.126
2015-05-08 0.980 2.955
2015-05-06 0.980 2.927
2015-01-26 0.900 2.868
2014-11-06 0.830 2.936
2014-11-05 0.830 2.809
2014-08-05 0.760 2.619
2014-04-23 0.718 2.698
2014-01-28 0.693 3.089
2013-11-07 0.673 3.472
2013-11-05 0.673 3.897
2013-07-29 0.655 4.018
2013-04-24 0.645 4.339
2013-01-28 0.635 4.649
2012-10-25 0.625 5.413
2012-07-26 0.625 5.676
2012-04-24 0.625 6.338
2012-01-25 0.625 5.971
2011-10-25 0.625 6.470
2011-06-30 0.625 6.499
2011-04-26 0.560 5.219
2011-01-27 0.540 5.212
2010-10-28 0.540 5.535
2010-07-28 0.540 5.908
2010-04-29 0.540 6.653
2010-01-28 0.540 6.506
2009-10-28 0.535 7.017
2009-07-28 0.535 7.517
2009-04-28 0.525 8.177

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Energy Transfer's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Energy Transfer's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Energy Transfer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Energy Transfer has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

48E Management

 What is the CEO of Energy Transfer's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kelcy Warren
COMPENSATION $6,156
AGE 63
TENURE AS CEO 1.5 years
CEO Bio

Mr. Kelcy L. Warren serves as Chief Executive Officer and Chairman of the Board of Directors at Energy Transfer Partners, L. P. (ETP) since October 2018. Mr. Warren is the Chief Executive Officer and Director of SemGroup Corporation since December 5, 2019. Mr. Warren is the Chief Executive Officer of Rover Pipeline LLC. Mr. Warren has been Chief Executive Officer and Chairman of Energy Transfer Partners GP, LP. since August 2007. Mr. Warren served as Chief Executive Officer at PennTex Midstream Partners, LLC and Penntex Midstream GP LLC since November 01, 2016 until July 2017. Mr. Warren is President and Chairman of the Board of Directors of Roatan Electric Company. Mr. Warren serves as the Chief Executive Officer of Panhandle Eastern Pipe Line Co LP. Mr. Warren serves as Chairman and Chief Executive Officer of Energy Transfer Partners, L.P. (ETE) and also serves in the same capacity with companies affiliated with ETE. He is Chairman of The Board of Energy Transfer Partners and Chief Executive Officer of Energy Transfer Partners at Lone Star NGL LLC. He serves as a Member of the Management Council at ETP Enogex Partners LLC. He is a Founding Principal of Energy Transfer Company. He served as Co-chief Executive Officer of the general partner of ETC OLP and as Co-chief Executive Officer and Co-Chairman of the Board of the general partner of La Grange Energy since 2002. Mr. Warren is the Chief Executive Officer and Chairman of the Board of Directors of the general partner of ETP. Mr. Warren also serves as Chief executive officer and Chairman of the Board of Directors of LE GP, LLC, general partner of Energy Transfer Equity, L.P. He has more than 30 years of business experience in the energy industry. He served as Chief Executive Officer at LE GP, LLC since August 15, 2007. He served as Chairman and Chief Executive Officer of Energy Transfer Partners, L.L.C. since August 15, 2007. He also served as Co-Chief Executive Officer and Co-Chairman of the Board of Energy Transfer Partners, L.L.C. since January 2004. Prior to the combination of the operations of ETC OLP and HOLP, Mr. Warren served as President of the general partner of ET Company I, Ltd., since 1996. He served as the Chief Executive Officer of Southern Union Co. Mr. Warren served as a Co-Chief Executive Officer and Co-Chairman of Energy Transfer Partners LP and U S Propane LLC since January 2004. He served as Co-Chief Executive Officer of OEC Compression Corp. since September 1999. He served as President and Chief Operating Officer of Cornerstone Natural Gas Inc. from June 1993 to 1996 and its Executive Vice President from 1989 to 1990. Prior to forming Energy Transfer Company, he was employed by Endevco Inc., a natural gas pipeline and processing company and predecessor of Cornerstone Natural Gas Inc., from 1981 to 1992. At Endevco, he served in many capacities, including President and Chief Operating Officer. Prior to Endevco, he was employed by Lone Star Gas Company. Mr. Warren has been Chairman at LE GP, LLC since August 15, 2007. He served as Co-Chairman of LE GP, LLC. He served as the Co-Chairman of the Board at OEC Compression Corp. He has been a Director of Sunoco Inc. since October 5, 2012. Mr. Warren serves as a Director of LE GP, LLC. He serves as a Director of Energy Transfer Partners, L.L.C. He serves as a Member of Development Board at University Of Texas At Arlington. He served as a Director of OEC Compression Corp. since December 1996. He served as a Director of Endevco Inc. and Crosstex Energy, Inc. from 1996 to 2000. Mr. Warren served as a Director of Cornerstone Natural Gas Inc. since 1985 and again from 1993 to 1996.

CEO Compensation
  • Kelcy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kelcy's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Energy Transfer management team in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Energy Transfer management team is about average.
Management Team

Kelcy Warren

TITLE
Chairman & CEO of LE GP
COMPENSATION
$6K
AGE
63
TENURE
1.5 yrs

Mackie McCrea

TITLE
President
COMPENSATION
$12M
AGE
60

Tom Long

TITLE
Group CFO & Director of LE GP
COMPENSATION
$5M
AGE
62

Matt Ramsey

TITLE
COO & Director of LE GP
COMPENSATION
$5M
AGE
64

Tom Mason

TITLE
Executive VP
COMPENSATION
$4M
AGE
62
TENURE
4.3 yrs

A. Sturrock

TITLE
Senior VP
AGE
48

Brent Ratliff

TITLE
VP, Investor Relations

Brad Whitehurst

TITLE
Executive VP & Head of Tax of LE GP
COMPENSATION
$3M
AGE
44
TENURE
5.7 yrs

Kevin Smith

TITLE
Executive Vice President

John McReynolds

TITLE
Special Advisor & Director of LE GP
COMPENSATION
$1M
AGE
68
Board of Directors Tenure

Average tenure and age of the Energy Transfer board of directors in years:

2.2
Average Tenure
63.5
Average Age
  • The average tenure for the Energy Transfer board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kelcy Warren

TITLE
Chairman & CEO of LE GP
COMPENSATION
$6K
AGE
63
TENURE
14.2 yrs

Mackie McCrea

TITLE
President
COMPENSATION
$12M
AGE
60
TENURE
10.3 yrs

Tom Long

TITLE
Group CFO & Director of LE GP
COMPENSATION
$5M
AGE
62
TENURE
1 yrs

Matt Ramsey

TITLE
COO & Director of LE GP
COMPENSATION
$5M
AGE
64
TENURE
7.8 yrs

Dick Brannon

TITLE
Independent Director of LE GP LLC
COMPENSATION
$222K
AGE
60

Michael Grimm

TITLE
Independent Director of LE GP
COMPENSATION
$230K
AGE
64
TENURE
1.5 yrs

John McReynolds

TITLE
Special Advisor & Director of LE GP
COMPENSATION
$1M
AGE
68
TENURE
14.7 yrs

Ray Davis

TITLE
Director of LE GP LLC
COMPENSATION
$200K
AGE
77
TENURE
2.2 yrs

Steven Anderson

TITLE
Independent Director of LE GP
COMPENSATION
$222K
AGE
69
TENURE
1.8 yrs

Ray Washburne

TITLE
Independent Director of LE GP
COMPENSATION
$82K
AGE
58
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Energy Transfer individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Mar 20 Buy James Perry Individual 27. Mar 20 27. Mar 20 120,000 €4.41 €529,356
18. Mar 20 Buy Richard Brannon Individual 16. Mar 20 18. Mar 20 100,000 €5.23 €456,552
18. Mar 20 Buy Thomas Long Individual 18. Mar 20 18. Mar 20 18,000 €4.03 €70,685
17. Mar 20 Sell Thomas Mason Individual 13. Mar 20 13. Mar 20 -128,000 €5.63 €-720,136
17. Mar 20 Buy Thomas Long Individual 16. Mar 20 16. Mar 20 9,000 €5.03 €45,284
16. Mar 20 Buy Thomas Long Individual 12. Mar 20 12. Mar 20 9,000 €5.34 €48,054
13. Mar 20 Buy Ray Davis Individual 12. Mar 20 12. Mar 20 801,800 €5.61 €4,496,495
13. Mar 20 Buy Ray Washburne Individual 11. Mar 20 11. Mar 20 100,000 €6.39 €638,856
13. Mar 20 Buy Matthew Ramsey Individual 12. Mar 20 12. Mar 20 16,800 €5.39 €90,263
12. Mar 20 Buy Thomas Long Individual 10. Mar 20 10. Mar 20 18,000 €6.18 €111,257
11. Mar 20 Buy Matthew Ramsey Individual 10. Mar 20 10. Mar 20 36,300 €7.51 €242,657
10. Mar 20 Buy Ray Davis Individual 09. Mar 20 09. Mar 20 1,281,000 €6.80 €8,712,251
11. Mar 20 Buy Marshall McCrea Individual 09. Mar 20 09. Mar 20 24,100 €7.03 €169,509
10. Mar 20 Buy Thomas Long Individual 09. Mar 20 09. Mar 20 18,000 €6.48 €116,560
09. Mar 20 Buy Thomas Long Individual 06. Mar 20 06. Mar 20 9,000 €9.40 €84,566
03. Mar 20 Buy Kelcy Warren Individual 28. Feb 20 28. Feb 20 300,000 €9.82 €2,946,132
02. Mar 20 Buy Kelcy Warren Individual 27. Feb 20 27. Feb 20 4,000,000 €9.69 €38,776,416
27. Feb 20 Buy Thomas Long Individual 27. Feb 20 27. Feb 20 5,800 €9.36 €54,265
24. Feb 20 Buy Kelcy Warren Individual 19. Feb 20 19. Feb 20 3,603,791 €11.61 €41,827,541
18. Dec 19 Buy Richard Brannon Individual 17. Dec 19 17. Dec 19 100,000 €11.48 €1,146,751
20. Nov 19 Buy Seven Bridges Holdings, Llc Company 19. Nov 19 19. Nov 19 1,689,602 €10.26 €17,337,724
20. Nov 19 Buy Kelcy Warren Individual 19. Nov 19 19. Nov 19 2,279,622 €10.26 €23,392,170
14. Nov 19 Buy Thomas Long Individual 14. Nov 19 14. Nov 19 18,000 €10.12 €182,207
18. Jun 19 Buy Michael Grimm Individual 14. Jun 19 14. Jun 19 3,888 €12.60 €48,989
18. Jun 19 Sell Thomas Mason Individual 17. Jun 19 17. Jun 19 -75,000 €12.44 €-932,707
X
Management checks
We assess Energy Transfer's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Energy Transfer has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

48E News

Simply Wall St News

48E Company Info

Description

Energy Transfer LP provides energy-related services. The company owns and operates approximately 9,400 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and 12,500 miles of interstate natural gas pipelines. It sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. The company also owns and operates natural gas gathering and natural gas liquid (NGL) pipelines, processing plants, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transports and supplies water to natural gas producers in Pennsylvania. In addition, it owns approximately 4,515 miles of NGL pipelines; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminals with an aggregate storage capacity of approximately 13 MMBbls. Further, the company sells gasoline, middle distillates, and motor fuel at retail, as well as crude oil, NGLs, and refined products; operates convenience stores; and distributes motor fuels and other petroleum products. Additionally, it provides natural gas compression services; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management services; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalties, and generates electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 2002 and is headquartered in Dallas, Texas.

Details
Name: Energy Transfer LP
48E
Exchange: DB
Founded: 2002
$13,879,404,569
2,689,897,793
Website: http://www.energytransfer.com
Address: Energy Transfer LP
8111 Westchester Drive,
Suite 600,
Dallas,
Texas, 75225,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ET Common Units New York Stock Exchange US USD 03. Feb 2006
DB 48E Common Units Deutsche Boerse AG DE EUR 03. Feb 2006
LSE 0S1Z Common Units London Stock Exchange GB USD 03. Feb 2006
BMV ET * Common Units Bolsa Mexicana de Valores MX MXN 03. Feb 2006
Number of employees
Current staff
Staff numbers
12,812
Energy Transfer employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:03
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.