Energy Transfer LP (NYSE: ET) finished Wednesday’s session modestly higher as a wave of fresh research notes, institutional filing updates and new environmental headlines kept the high‑yield pipeline giant in focus.
Energy Transfer LP stock price on 26 November 2025
Energy Transfer units closed today around $16.44, up about 1% from Tuesday’s close of $16.27. 1
- Intraday range: roughly $16.27 – $16.50 with trading volume north of 17 million units, in line with recent averages.
- 52‑week range: about $14.60 at the low end and $21.45 at the high, leaving today’s price below the midpoint of its one‑year trading band. 2
- After‑hours trading: by 4:30 p.m. ET, ET units were quoted near $16.47, slightly above the regular close. 3
Technically, today’s bounce comes after a weak stretch: as of yesterday, ET had fallen in five straight sessions and in seven of the last 10 trading days, slipping about 2.6% over that period. 1
Despite the recent pullback, Energy Transfer still offers a quarterly cash distribution of $0.3325 per unit (annualized $1.33), implying a forward yield of roughly 8% at current prices. 2
All the key Energy Transfer news dated 26 November 2025
Today’s news flow around Energy Transfer touches almost every angle: bullish opinion pieces, shifting institutional positions, revised earnings estimates, regulatory developments and corporate community spending.
1. Opinion pieces double‑down on the bullish long‑term case
Several new analysis articles published today lean positive on ET’s long‑term risk‑reward profile:
- “Energy Transfer: Owning the Infrastructure Behind A.I. Yielding Over 8%” argues that ET has become a critical infrastructure provider to the AI and data‑center boom, thanks to gas supply agreements and power‑demand‑linked projects, while still yielding more than 8%. 4
- “Energy Transfer Is A Better Opportunity By Each Passing Quarter” highlights resilient fee‑based cash flows, stable core EBITDA despite commodity price weakness, and a recent distribution increase supported by healthy coverage. The author reiterates a Strong Buy stance, citing attractive EV/EBITDA multiples and pipeline growth tied to AI‑related demand. 5
- A separate Seeking Alpha note, “Energy Transfer: Market Is Not Valuing It Right, Time To Buy Big,” likewise frames ET as undervalued given its growth pipeline, high yield and sector position. 6
On top of that, a Motley Fool piece titled “Where Will Energy Transfer Be in 1 Year?” outlines a roadmap of projects and potential acquisition activity that could leave the partnership larger and more profitable by the end of 2026. 7
Together, these opinion pieces paint ET as:
- A core “picks and shovels” play on AI‑driven power demand.
- A high‑yield income vehicle with room for moderate growth.
- A midstream name that many authors believe is trading below intrinsic value.
2. Institutions reshuffle their Energy Transfer positions
Multiple 13F‑related headlines hit the tape today, showing a mix of buying and selling among institutional investors:
- Advisors Asset Management Inc. increased its ET holdings by 15.2% in Q2, ending the period with 420,878 units valued at roughly $7.6 million. 8
- The Employees Retirement System of Texas boosted its position by 22.1%, to about 2.91 million units worth approximately $52.8 million, owning around 0.08% of the partnership. 2
- RK Capital Management LLC FL, by contrast, reduced its ET stake by 56.6%, selling 18,100 units in Q2 and retaining 13,900 units valued at about $252,000. 9
All three articles emphasize that institutional ownership sits around 38% of outstanding units, underlining ET’s continued presence in professional portfolios. 8
A recurring theme across these pieces is insider alignment: they all note that Director Kelcy L. Warren, Energy Transfer’s co‑founder and Executive Chairman, bought 1,000,000 units at $16.95 on 19 November, lifting his holdings to over 104.5 million units—a transaction of roughly $16.95 million. 8
3. Analyst trims 2025 EPS estimate, but ratings stay positive
On the research front, US Capital Advisors published a note lowering its FY2025 earnings‑per‑unit estimate for Energy Transfer from $1.33 to $1.25. The firm also updated quarterly EPS forecasts through 2026, now expecting $1.21 per unit for FY2026. 10
While that revision acknowledges softer earnings expectations after ET’s Q3 2025 miss (reported EPS of $0.28 vs. a consensus near $0.34; revenue $19.95 billion vs. $21.8+ billion), the broader analyst community remains broadly constructive:
- Recent notes from JPMorgan, Wells Fargo, Jefferies and Scotiabank cluster around “Overweight/Buy” ratings with price targets mostly in the high teens to low‑$20s. 10
- Across the coverage universe tracked by MarketBeat, ET carries a “Moderate Buy” consensus, with 13 Buy ratings, 2 Hold ratings and an average target near $21.92, implying meaningful upside from today’s mid‑$16s price. 2
Separately, Zacks compared Energy Transfer vs. Kinder Morgan (KMI) and concluded that ET currently has the edge thanks to higher projected earnings growth, stronger return on equity and a richer distribution yield, even though both stocks sit at a Zacks Rank #3 (Hold). 11
4. Environmental settlement and permitting developments in Pennsylvania
ESG and regulatory headlines also surfaced today:
- The Pennsylvania Department of Environmental Protection (DEP) announced a $3.3 million settlement with Energy Transfer and Atlantic Richfield over long‑standing petroleum contamination at a storage depot along the Allegheny River in Pittsburgh. The agreement requires the companies to fully clean up soil and groundwater pollution and address persistent oil sheens on the river, with $1 million earmarked for community environmental projects. 12
- In a separate DEP‑related notice, the agency invited public comment on an Air Quality Plan Approval for Energy Transfer Marketing & Terminals, LP – Altoona Products Terminal, which would allow the reactivation of three gasoline storage tanks currently out of service in Blair County, Pennsylvania. 13
These developments underscore the regulatory scrutiny that continues to surround Energy Transfer’s legacy and ongoing operations, particularly in Pennsylvania—an important factor for investors focused on environmental, legal and reputational risk.
5. Community grant and ongoing investor‑settlement process
Two smaller, but notable, items also hit local and legal news feeds today:
- In Ohio, the Hopedale Township Fire Department announced it received a $16,193 grant from Energy Transfer’s First Responder Fund, funding new turnout gear and rescue equipment. ET highlighted the program as part of its commitment to the communities along its ~2,300 miles of Ohio pipeline infrastructure. 14
- Investor‑rights sites reminded unitholders of the approaching November 28, 2025 deadline to submit claims in a $15 million securities class‑action settlement related to past allegations from 2017–2019. 15
While neither headline is likely to move the stock on its own, they add context around ET’s legal clean‑up and community‑relations efforts.
Fundamental backdrop: earnings miss, big projects and AI‑linked growth
Today’s headlines sit on top of a rich fundamental story that investors have been digesting since ET’s Q3 release earlier this month.
Q3 2025: modest miss, still solid cash generation
For the quarter ended 30 September 2025, Energy Transfer reported: 2
- EPS: $0.28 vs. consensus around $0.33–0.34.
- Revenue: about $19.95 billion, below expectations of roughly $21.8–21.9 billion.
- Net margin: ~5.8%.
- Return on equity: around 11%.
Despite the miss, management maintained a confident tone on the earnings call, emphasizing:
- A largely fee‑based midstream model, which helps cushion commodity swings.
- A robust slate of organic capital projects with multi‑year cash‑flow visibility. 7
ET has simultaneously continued a measured distribution growth program, lifting the quarterly payout from $0.323 in late 2024 to $0.333 by November 2025—four consecutive increases in under a year. 1
Capex ramp and data‑center demand
According to today’s Motley Fool analysis and recent investor materials, Energy Transfer is in the midst of a sizeable organic expansion phase: 7
- Growth capex: up from $3 billion in 2024 to $4.6 billion in 2025, with plans to spend about $5 billion in 2026.
- Near‑term project completions (next ~12 months) include:
- Two new gas processing plants.
- An expansion of the Lone Star Express pipeline.
- A ninth NGL fractionation facility at its Mont Belvieu complex.
- Phase one of the Hugh Brinson natural gas pipeline.
- ET also expects to start supplying natural gas to three Oracle‑operated data centers by mid‑2026, directly tapping into AI‑driven computing growth.
Further out, the company has sanctioned projects such as the Mustang Draw II gas plant, phase two of the Hugh Brinson pipeline, the Bethel storage expansion and a Desert Southwest expansion, stretching growth visibility into the late 2020s. 7
The long‑discussed Lake Charles LNG export terminal in Louisiana remains a key swing factor: management has signalled they will not give it a final investment decision until roughly 80% of capacity is sold to equity partners, a step that could come as early as next year if financing and partnerships align. 16
How today’s narrative shapes the ET investment picture
Putting today’s price action and headlines together, a few themes emerge for investors watching Energy Transfer LP:
1. Yield and valuation remain central
At around $16.40 per unit, ET trades at roughly: 2
- A price‑to‑earnings multiple near 12–13x trailing earnings.
- A forward distribution yield of about 8%.
With the average analyst target near $22, the Street is effectively modelling mid‑30% total return potential over the medium term when you blend price upside and distributions—though of course, those targets are neither guarantees nor personalized advice. 2
2. Mixed short‑term signals: softer EPS, but strong project pipeline
The US Capital Advisors EPS cut and the Q3 earnings miss underline that near‑term profit growth is running a bit cooler than bulls once hoped. 10
At the same time:
- Major opinion pieces today are overwhelmingly constructive, stressing ET’s multi‑year expansion backlog and AI‑linked demand. 4
- Technical‑analysis services still flag ET as a short‑term “sell candidate” within a falling trend, a reminder that price can stay choppy even when fundamentals look solid. 1
For traders, that divergence between strong fundamental narratives and weaker short‑term technicals may mean more volatility around news and earnings.
3. Ownership trends and insider buying send a nuanced signal
Institutional filings today show that some funds are trimming exposure, while others—particularly larger, long‑term oriented investors—are adding to positions. 8
Layered onto that, the seven‑figure insider buy from Kelcy Warren is often interpreted as a vote of confidence in ET’s long‑term value from its top insider. 8
Net‑net, ownership trends today look broadly supportive, even if not unanimously bullish.
4. ESG and legal overhangs are very real
The Allegheny River settlement and ongoing Pennsylvania permitting and pipeline issues remind investors that regulatory and environmental risk is part of the Energy Transfer story. 12
Add in the securities‑litigation settlement process and lingering FERC matters, and it’s clear that:
- ET has material legacy liabilities and reputational exposure.
- The company is simultaneously writing checks and accepting operational constraints to move past old issues. 17
Investors focused on ESG metrics and headline risk will likely treat these developments as a central part of their due diligence.
Key takeaways for ET stock on 26 November 2025
- Price & yield: ET closed the day modestly higher, around $16.4 per unit, with a ~8% forward yield and valuation still below most Street targets. 2
- Coverage tone: New articles from Seeking Alpha, Motley Fool and others skew bullish, emphasizing ET as a high‑yield, AI‑adjacent midstream play with a multi‑year project runway. 4
- Research & estimates: US Capital Advisors trimmed its 2025 EPS estimates, but consensus still calls for solid earnings and distributable cash flow, and the average analyst rating remains “Moderate Buy.” 10
- Ownership shifts: Today’s batch of filings shows a mixed but generally supportive institutional picture, plus notable insider buying. 8
- Risks: Environmental settlements, ongoing permitting processes and past securities litigation illustrate that legal and ESG issues remain a non‑trivial risk factor for ET. 12
For income‑oriented investors, today’s news mostly reinforces the existing narrative: Energy Transfer LP is a high‑yield midstream partnership with a busy project slate, attractive if its execution matches the bullish forecasts—but still carrying regulatory baggage and commodity‑cycle exposure that cannot be ignored.
As always, this article is for informational purposes only and does not constitute personalized investment advice. Anyone considering ET should weigh today’s developments against their own risk tolerance, tax situation (especially given ET’s MLP structure) and broader portfolio objectives.
