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Energy Transfer LP (ET) — chart, structure and Closelook read

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Company snapshot — Energy Transfer LP

ET in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Energy Transfer runs pipelines, storage and processing plants that move natural gas, natural gas liquids, crude oil and refined fuels across the United States. It gathers and treats gas at the wellhead, ships it through intrastate and interstate lines, fractionates liquids, and moves crude by pipeline and truck. It also holds stakes in Sunoco, the fuel retailer, and USA Compression, a gas-compression operator. It is based in Dallas.
Where it sits in the stack
Energy Transfer carries no seat in our index; it sits in the Energy sector of our universe, in the midstream oil-and-gas sleeve alongside the other pipeline and storage operators the diary scores for valuation and balance-sheet health.
Who it is priced against
Closelook's peer group compares it with other scored Energy names based in the United States, including Cenovus Energy, BP, Petrobras, Ecopetrol, YPF, Permian Resources, Frontline and Venture Global; the market also names Enterprise Products Partners as a comparable midstream operator.
Why Closelook tracks it
It holds no seat in our index, but it carries a Closelook score, with valuation the strongest module and quality the weakest. The diary's editions have referenced the letters ET as shorthand for Eastern Time in market-hours notes, not as coverage of the company itself.
What the diary watches
Whether the balance-sheet reading firms up as the weakest module, and whether that shift changes how the valuation strength is read against the rest of the midstream peer set.

Energy Transfer LP (ET) trades on US exchanges, classified under Energy.

The Closelook company score reads 48/100 composite (momentum 68, quality 40, valuation 71) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for ET, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 2 analyst actions on the wire · latest: price target by Capital One, 2026-09-22

The Street on this name

Analyst actions and the latest print for ET from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target Capital One — target 26 Target set to $26 (+24.8% to spot) 2026-09-22
  • Price target Melius Research — target 25 Target set to $25 (+19.6% to spot) 2026-09-22

2 actions on the analyst wire since 2026-08-13: 2 target changes. Analyst wire → · Earnings wire →

Who it is priced against Oil & Gas Midstream · US · 8 names with week and year-to-date

Peer group

Oil & Gas Midstream · US

Names in the same industry from the Closelook universe; scored names rank on their Closelook score, the rest on trend state.

Compared against ET on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 6.57%, quarterly · buybacks 973 m USD in FY2025

Dividends and capital return

What ET pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 1.35 USD per share · a 6.57% yield on the 2026-09-23 close 4 distributions, paid quarterly 2026-09-23
  • Change on the year +36.9% against the prior twelve months prior twelve months 0.98 USD per share
  • Last distribution 0.34 USD per share as the price series records it, within days of the ex-date 2026-08-07
  • By calendar year 2025: 1.32 USD (partial) · 2026: 1.01 USD to date first distribution recorded in the three-year window: 2025-02-07
  • Dividends paid, FY2025 4.73 bn USD 87% of earnings
  • Buybacks, FY2025 973 m USD 1.4% of today's market value
  • Share count +6.7% in FY2025 148 m USD of stock-based compensation in the year
  • Capital returned 5.70 bn USD · 148% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

How it trades on rate days beta −0.52 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How ET has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year −0.52 — tends to move against bonds for every 1% move in TLT (20+ year Treasuries), Energy Transfer LP moved −0.52% on average · correlation −0.29 · higher than 4% of US names
  • Beta, last 3 months −0.59 about the same as over the year
  • On the 10 worst bond days +0.47% on average against −0.76% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days +0.44% TLT −1.58% that day 2026-09-23

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 65/100 · S&P 500 fund at 68, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-23
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 99th percentile of the window, +9.3% over 20 sessions. Factor regime → 2026-09-23
  • Sector × region Energy in US: −2.0% week · −0.6% month · +17.1% quarter · +12.9% yearThe Sector Engine cell this name lives in, from XLE.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-23
  • Sovereign pressure Index 0.60 · up 0.32 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-23

FAQ · from the current data · as of 2026-09-24

Quick answers

What is Energy Transfer LP (ET)?

Energy Transfer LP trades as ET on the US exchange (US) and is classified under Energy in the Closelook research universe, as of the registry build of 2026-09-24.

Is ET in a Closelook index?

Not currently — Energy Transfer LP is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-24.

What is Energy Transfer LP's Closelook composite score?

48 out of 100, with momentum 68, quality 40 and valuation 71 sub-scores, as of 2026-09-24. Scores are Closelook's own research readings, not ratings or investment advice.

Where does ET trade against its moving averages?

Pullback inside an uptrend stack: Trades -1.2% vs the 50-day and +9.7% vs the 200-day average, 6.2% below the 52-week high and +35.7% off the 52-week low. Computed from daily closes. As of 2026-09-23 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does Energy Transfer LP do?

Energy Transfer runs pipelines, storage and processing plants that move natural gas, natural gas liquids, crude oil and refined fuels across the United States. It gathers and treats gas at the wellhead, ships it through intrastate and interstate lines, fractionates liquids, and moves crude by pipeline and truck. It also holds stakes in Sunoco, the fuel retailer, and USA Compression, a gas-compression operator. Closelook's peer group compares it with other scored Energy names based in the United States, including Cenovus Energy, BP, Petrobras, Ecopetrol, YPF, Permian Resources, Frontline and Venture Global; the market also names Enterprise Products Partners as a comparable midstream operator.

Where does Energy Transfer LP sit in the AI build-out?

Energy Transfer carries no seat in our index; it sits in the Energy sector of our universe, in the midstream oil-and-gas sleeve alongside the other pipeline and storage operators the diary scores for valuation and balance-sheet health. It holds no seat in our index, but it carries a Closelook score, with valuation the strongest module and quality the weakest. The diary's editions have referenced the letters ET as shorthand for Eastern Time in market-hours notes, not as coverage of the company itself.

Does Energy Transfer LP pay a dividend?

Energy Transfer LP has paid 1.35 USD per share over the last twelve months, paid quarterly, a trailing yield of 6.57% on the 2026-09-23 close; the last distribution recorded in the price series was 0.34 USD on 2026-08-07. In fiscal 2025 the company paid 4.73 bn USD in dividends and bought back 973 m USD of its own shares, 148% of that year’s free cash flow. The share count rose 6.7% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

How does Energy Transfer LP trade when bond yields rise?

Over the past year Energy Transfer LP had a beta of −0.52 to TLT, the long-dated Treasury fund — it tends to move against bonds, higher than 4% of US names. On the 10 sessions in which long bonds fell most it moved +0.47% on average, against −0.76% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

What has Wall Street done on Energy Transfer LP recently?

The most recent analyst action on Energy Transfer LP on the Closelook wire is a price target by Capital One on 2026-09-22 (target 26). 2 actions on the analyst wire since 2026-08-13: 2 target changes. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

Where has Closelook written about Energy Transfer LP?

Energy Transfer LP appears in 9 Closelook pieces, most recently Daily Pulse: Oil hits $100 and Europe sells off 2% — Wall Street opens with memory chips up and almost everything else down (2026-09-09); Morning 10: Samsara jumps 15%, Zscaler beats and goes nowhere, bitcoin tops $81,000 — Wall Street’s best day in a month lands the night before the jobs report (2026-09-04); Midday 10: Chips up, software down: Nvidia leads a split rebound while the bond market catches its breath (2026-09-02). What Closelook said most recently: Third, the rest of the day's calendar: Apple's product event at 1 pm ET, the 10-year Treasury auction at 1 pm ET on the day the yield sits at its highest since 2023, and the Treasury's announcement of the size of its expanded debt buyback… (Daily Pulse, 2026-09-09). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for ET, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Mentioned on Closelook 9 pieces · newest: Daily Pulse, “Oil hits $100 and Europe sells off 2% — Wall Street opens with memory chips up and almost everything else down” (2026-09-09)

Mentioned on Closelook

Where ET appears in the diary — 9 pieces, newest first. Every link is our own writing.

Long reads

101 and glossary

  • Extended-Hours TradingGlossaryTrading before the 9:30 ET open (pre-market, from 4:00) and after the 16:00 ET close (after-hours, to 20:00) on electronic venues.

Dailies

Related in the Closelook universe

then Oil & Gas Midstream, then Energy. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.