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• Energy Transfer has announced plans for Mustang Draw II, a new 250 million cubic feet per day natural gas processing plant and related facilities in the Midland Basin. The project is scheduled for completion and operation in the fourth quarter of 2026.

• The company has increased its quarterly cash distribution to $0.3325 per common unit for the third quarter ended September 30, 2025. This marks an increase of over 3 percent compared to the same period in 2024.

• Energy Transfer and Entergy Louisiana have signed a 20-year firm transportation agreement to deliver natural gas. This agreement supports new economic developments, including Meta’s upcoming data center in Louisiana, with initial service expected to begin in February 2028.

• In the third quarter of 2025, Energy Transfer completed the repurchase of nearly 40 million shares for approximately $1.1 billion as part of its ongoing buyback program. This reflects the company’s ongoing commitment to shareholder returns.

• Discount Rate: Decreased modestly from 8.36 percent to 7.90 percent. This reflects a lower required return for investors.

• Revenue Growth: Increased from 6.51 percent to 7.69 percent, which signals higher expected top-line expansion.

• Net Profit Margin: Improved slightly from 6.15 percent to 6.27 percent. This suggests better expected profitability.

• Future P/E: Declined from 16.08x to 15.23x. This indicates that valuation multiples have compressed somewhat as analyst expectations adjust.

• Fair Value: Remained unchanged at $21.87, despite movements in other underlying metrics.

A Narrative is a smarter way to invest, connecting a company’s unique story to real numbers such as forecasts and fair value. Narratives put expert and community perspectives beside financial models, all in one place on Simply Wall St’s Community page. They are always up-to-date, helping you decide when to buy or sell by showing how fair value compares to today’s price, especially as fresh news arrives.

Read the original Energy Transfer Narrative to stay in the loop on:

• Why Energy Transfer’s diversified business model and expanding pipelines may help capture growing energy demand and provide resilient cash returns to shareholders.

• How the company’s strong track record with major projects and customer agreements supports clearer earnings growth and margin improvement.

• The key risks from execution, regulation, and the energy transition that could affect long-term value for investors.

Check out the full perspective on Energy Transfer’s outlook, forecasts, and fair value in the original Narrative on Simply Wall St.

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.

Companies discussed in this article include ET.

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