Scotiabank has initiated coverage on Energy Transfer LP (ET) with a Sector Outperform rating as of September 1, 2025. This marks the firm's first assessment of the company, reflecting its analysis of Energy Transfer's business fundamentals, industry dynamics, and growth prospects.
Headquartered in Dallas, Texas, Energy Transfer LP is a key player in the energy sector, specializing in natural gas pipeline transportation and transmission services. The company operates a strategic network across 44 states, boasting assets in major U.S. production basins. Its operations encompass a range of services, including intrastate and interstate transportation and storage, crude oil, natural gas liquids (NGL), and refined product transportation and terminalling. As of November 20, 2025, Energy Transfer holds a market capitalization of $58.1 billion, with a price-to-earnings ratio of 12.68 and an impressive dividend yield of 786.1%.
Analyst ratings and price targets provide insights based on thorough research and financial modeling. However, these assessments are inherently tied to assumptions that may not always materialize. Investors are encouraged to consider a variety of factors, including company fundamentals and industry trends, when making decisions.
The upcoming earnings report on August 4, 2026, anticipates earnings per share of $0.36 and revenue of $25.7 billion, following a series of mixed earnings surprises in previous quarters. Recent performance has shown variability, with Q3 2025 earnings coming in at $0.28 per share, below the estimate of $0.35, marking a 19.8% surprise. Analyst consensus as of November 1, 2025, indicates a Buy rating, with 11 Strong Buy, 14 Buy, and 3 Hold ratings among 28 total analysts.
Such decisions reflect the evolving landscape of analyst opinions, which can shift as new information becomes available. Investors should regard these ratings as part of a broader analytical framework rather than the sole basis for investment choices.