A Look at Energy Transfer (ET) Valuation Following Major Long-Term Gas Deals and Expansion Plans

Energy Transfer (ET) caught investors’ attention after unveiling several long-term natural gas transportation deals, including a 20-year contract with Entergy Louisiana and plans for new infrastructure in the Midland Basin.

See our latest analysis for Energy Transfer.

The steady rollout of new projects and multi-decade customer contracts has kept Energy Transfer in the spotlight, even as its share price has drifted lower year-to-date. Despite a 15.3% decline in 2025 so far, the company’s one-year total shareholder return is up 5.5%. Long-term holders have seen a remarkable 341% total return over five years. This kind of performance highlights why momentum remains strong beneath the surface, especially with further expansion fueling expectations around future growth and cash flow.

If Energy Transfer’s long-haul success has you curious about where else growth and management conviction intersect, it’s a great moment to discover fast growing stocks with high insider ownership

With Energy Transfer’s fundamentals improving and expansion plans fueling new optimism, the question remains: is its current valuation a bargain for patient investors, or has the market already priced in the next phase of growth?

Most Popular Narrative: 23.7% Undervalued

With Energy Transfer closing at $16.70 and the leading narrative fair value set at $21.87, the stage is set for heightened debate between value and growth believers as new distribution growth arrives.

The company's NGL export capacity expansions at the Nederland terminal and new pipeline loopings position it to benefit from increased U.S. hydrocarbon exports to international markets, supporting sustained throughput and export revenues as global energy demand rises.

Read the complete narrative.

Want to know what kind of bold growth projections power this story? The narrative is driven by ambitious estimates for revenue, profit margins and major future projects. Find out how these assumptions stack the odds. Will Energy Transfer hit those targets? Dive in for the narrative’s key numbers and the real signals behind that higher fair value.

Result: Fair Value of $21.87 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent weak volumes in key regions or regulatory delays for major projects could quickly undermine the bullish outlook surrounding Energy Transfer’s expansion plans.

Find out about the key risks to this Energy Transfer narrative.

Build Your Own Energy Transfer Narrative

If you think there's more to the story or want to dig into the numbers yourself, you can craft your own narrative in just a few minutes, start to finish. Do it your way

A great starting point for your Energy Transfer research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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