Energy Transfer(US:ET) 智通财经网·2025-09-29 08:02Core Viewpoint - Energy Transfer reported Q2 earnings that fell short of expectations, yet analysts remain optimistic about the stock's potential, considering it a "must-buy" due to its value proposition [1]. Financial Performance - For Q2, Energy Transfer achieved revenue of $19.24 billion, a year-over-year decline of 7.17%, and fell short of expectations by $3.29 billion [1]. - The earnings per share (EPS) was $0.32, which was $0.01 below the anticipated figure [1]. Analyst Ratings and Price Targets - On September 2, Brandon Bingham from Canadian Imperial Bank of Commerce initiated coverage with a "Buy" rating and a target price of $23, citing the company's extensive and integrated asset base across the midstream value chain [1]. - On September 5, Teresa Chen from Barclays reaffirmed a "Buy" rating with a target price of $25 [2]. - On September 11, UBS's Schneller Gushney also maintained a "Buy" rating but lowered the target price from $24 to $18.45 [2]. Growth Potential - Analysts believe Energy Transfer has significant upside potential, driven by sustained earnings growth from both short-term and future thematic demand [2]. - The expected stable average capital expenditure of approximately $4.9 billion from fiscal years 2026 to 2028 supports anticipated earnings growth and generates above-average free cash flow [2].