Core Viewpoint - Energy Transfer LP (ET) has shown a strong performance with a 6% increase in stock price over the last month, outperforming the industry growth of 3.4% [1][2] Group 1: Company Overview - Energy Transfer operates a vast pipeline network exceeding 130,000 miles across 44 U.S. states, focusing on strategic acquisitions and organic growth [7] - The company has significant export capabilities, with the ability to export over 1.1 million barrels per day of natural gas liquids (NGLs) and 1.9 million barrels per day of crude oil, holding an estimated 20% share of the global NGL export market [9] - Nearly 90% of Energy Transfer's revenues come from fee-based contracts, providing stable cash flow and reducing exposure to commodity price volatility [12] Group 2: Recent Developments - Energy Transfer is expanding its natural gas liquids export facilities to meet rising global demand and has entered agreements to supply natural gas for new gas-fired power plants [2][10] - The company has received connection requests from nearly 200 data centers across 14 states, indicating strong demand from the digital infrastructure sector [11] Group 3: Financial Performance - The current quarterly cash distribution rate is 32.75 cents per common unit, with management raising distribution rates 14 times in the past five years [13] - The Zacks Consensus Estimate indicates year-over-year earnings growth of 12.5% for 2025 and 0.49% for 2026 [14] - Energy Transfer units are trading at a trailing 12-month EV/EBITDA of 10.32X, which is below the industry average of 11.6X, suggesting the firm is undervalued [17] Group 4: Comparative Analysis - Energy Transfer's trailing 12-month return on equity (ROE) is 11.47%, lower than the industry average of 13.95% [20] - In comparison, ONEOK's ROE stands at 15.58%, indicating stronger profitability [22]