A Month After Energy Transfer (ET) Earnings, Analysts Continue Upward Price Target Revisions

Core Viewpoint - Energy Transfer LP (NYSE:ET) is identified as one of the most undervalued oil stocks, with a price target increase from $19 to $21 by Morgan Stanley while maintaining an Equal Weight rating [1] Financial Performance - Energy Transfer LP reported an adjusted EBITDA of $4.2 billion for Q4, up from $3.9 billion year-over-year [2] - Distributable cash flow (DCF) attributable to partners was approximately $2 billion, consistent with the previous year's quarter [2] - The NGL and refined products segment generated an adjusted EBITDA of $1.1 billion, which included a one-time $56 million increase due to a regulatory order, offset by a $58 million decline and a $14 million impact from loading delays [2] Segment Performance - Midstream operations reported adjusted EBITDA of $720 million [3] - The crude oil segment recorded adjusted EBITDA of $722 million [3] - The interstate natural gas segment delivered $523 million, while the intrastate natural gas segment contributed $355 million [3] Company Overview - Energy Transfer LP is a midstream energy company providing energy services across 44 states, specializing in the transportation and storage of natural gas, crude oil, NGLs, and refined products [4]