Overview
- Energy Transfer reported fiscal Q3 2025 revenue of $19.95 billion and EPS of $0.28, both below estimates.
- The shortfall was linked to midstream revenue of $2.992 billion, a 1.5% sequential decline and flat year over year.
- J.P. Morgan’s Jeremy Tonet reaffirmed a Buy on November 23 with a trimmed price target of $21, while Scotiabank reiterated Buy on November 6 with a $23 target.
- Recent commentary points to stable core EBITDA, strong distribution coverage, and valuation metrics such as low EV/EBITDA and a high yield.
- A Seeking Alpha analysis highlights an Oracle–Voltagrid link as a potential tailwind tied to AI-driven power demand, framing it as a possible long-term boost for ET’s asset base.