Barclays Maintains Overweight Rating on Energy Transfer LP (ET)

Energy Transfer LP (NYSE:ET) is 1 of the best affordable stocks nether $30. On January 12, Barclays chopped the terms people connected Energy Transfer LP (NYSE:ET) to $22 from $25 and maintained an Overweight standing connected the shares, stating that though concerns associated with the upcoming re-contracting events crossed cardinal assets connected the company’s footprint exist, the partnership  “continues to show commercialized subject and ingenuity, supporting a constructive guardant outlook.”

The standing update came aft Energy Transfer LP (NYSE:ET) announced connected January 6 its outlook for superior concern and net estimates for full-year 2026. The institution aims to put $5.0 cardinal to $5.5 cardinal successful maturation capital, chiefly connected projects boosting its earthy state network. It besides expects continued maturation successful 2026, with the extremity of generating a consolidated Adjusted EBITDA successful the scope of $17.3 cardinal and $17.7 billion, including SUN and USAC.

Energy Transfer LP (NYSE:ET) further stated that it expects cardinal caller projects to either ramp up oregon travel on-line successful 2026, which includes Mustang Draw I and Mustang Draw II processing plants successful the Permian Basin, Nederland Flexport NGL expansion, NGL projects connected the Lone Star Express and Gateway Pipelines, Hugh Brinson Pipeline Phase I, and earthy state pipeline projects serving information halfway facilities successful Texas.

Energy Transfer LP (NYSE:ET) offers earthy state pipeline transmission and proscription services. The institution operates done the pursuing segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment successful Sunoco LP, Investment successful USAC, and All Other.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.