Q2 financial report is disappointing but does not hinder optimism, Wall Street is strongly supporting Energy Transfer (ET.US).

EnergyTransfer (ET.US), an energy company, showed slightly disappointing performance in its Q2 financial report released on August 6, with revenue and earnings per share (EPS) both failing to meet expectations. However, Wall Street remains optimistic about it. The stock is still considered by analysts to be one of the "must-buy stocks with great value for money". Recently, several analysts have expressed positive views on the stock. EnergyTransfer is a leading energy infrastructure company in the United States, owning and operating a vast pipeline network spanning over 130,000 miles, capable of transporting natural gas, crude oil, natural gas liquids, and refined products. The company's second-quarter financial report showed revenue of $19.24 billion, a 7.17% year-on-year decrease, missing expectations by $3.29 billion; earnings per share were $0.32, $0.01 lower than expected. On September 2, Brandon Blossom of Bank of Nova Scotia initiated coverage on the stock, giving it a "buy" rating with a target price of $23. The bank stated that the company has a "vast and integrated asset base covering all aspects of the midstream value chain, truly forming a portfolio from wellhead to water", and is involved in all major hydrocarbon flows. Brandon expressed his belief that EnergyTransfer has significant upside potential, primarily benefiting from sustained earnings growth driven by short-term and long-term thematic demand. Capital expenditure growth averaging around $4.9 billion in fiscal years 2026-2028 supports expected earnings growth, creating above-average levels of free cash flow. Subsequently, on September 5, Theresa Chan of Barclays PLC Sponsored ADR reiterated a "buy" rating on the stock with a target price of $25. Most recently on September 11, Schneier Gushni of UBS Group AG also reiterated a "buy" rating on the stock, but lowered the target price from $24 to $18.45.