NGL Pipelines
Search documents
Energy Transfer (ET) Expands Pipeline Power with New Deals
Yahoo Finance· 2026-02-03 12:55
Group 1 - Energy Transfer LP (NYSE:ET) is considered one of the best cheap stocks to buy for 2026, with Goldman Sachs raising its price target to $19.00 from $18.50 while maintaining a Neutral rating [1] - The price target adjustment is primarily due to the upcoming USAC/J-W Power acquisition in Q1 2026 and minor changes in assumptions regarding re-contracting in natural gas liquids (NGLs) and crude oil segments, resulting in a roughly 1% increase in long-term estimates [1] - For Q4 2025, Goldman Sachs lowered its EBITDA forecast to $4.16 billion, a 1% decrease from its previous estimate, which is also 2% below the consensus of $4.23 billion [4] Group 2 - For the full year 2025, Goldman Sachs projected EBITDA of $15.96 billion, which aligns with the company's indication that results would fall short of the guided range of $16.1 billion to $16.5 billion [4] - The estimated EBITDA for 2026 is $17.58 billion, or an adjusted $17.37 billion when excluding J-W Power and Hugh Brinson items, closely matching Energy Transfer's guidance of $17.3 billion to $17.7 billion [4] - The bank expects contributions from the PKI acquisition by Susser Holdings Corporation, Waha spread capture, and underlying gas volume growth, although these may be partially offset by lower Midstream margins in Q4 [5] Group 3 - Energy Transfer LP is a midstream energy company that operates one of the largest portfolios of natural gas, crude oil, and NGL pipelines in the United States, including interstate and intrastate pipelines, storage facilities, fractionation plants, and crude oil terminals [6]