ET
Energy Transfer LPEnergy · $68.2B market cap
Verdict
Share price
$20.47
close of Oct 3, 2026
Fair value
$12.89
Sticker Price
Payback Price
$5.15
buy price
ET is Overpriced: at $20.47 it trades 59% above its fair value of $12.89. Its buy price (Payback Price) is $5.15, 75% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.
How we valued it
Justified P/B (Financials). It has earned a steady return on its equity for years, and its tangible assets are worth 29% of its share price. For a business like that, book value and the return on it are a sturdier guide than an earnings forecast.
Business quality
3 of 5 clear the 10% bar. What are the Big Five?
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4 of the investors we track hold ET. In Q1 2026, 1 opened a position, 1 added, 1 trimmed and 2 sold out. Who we track
Samantha McLemore
Patient Capital Management · as of Q2 2026
$116.3M
6,080,678 shares
David Tepper
Appaloosa Management · as of Q2 2026
$30.1M
1,576,125 shares
Leon Cooperman
Leon Cooperman · as of Q4 2018
$29.5M
2,236,528 shares
Glenn Greenberg
Brave Warrior Advisors · as of Q2 2026
$287K
15,000 shares
Moves in Q1 2026
New position: Glenn Greenberg
Added: Samantha McLemore
Trimmed: David Tepper
Sold out: David Abrams, Bruce Berkowitz
Insider activity
Since Aug 7, 2026: 3 open-market purchases worth $21.5M. Why purchases matter
Purchases
About Energy Transfer LP
Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma…
Oil & Gas Midstream
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works