Energy Transfer LP (NYSE:ET) is one of the best affordable stocks under $30. On January 12, Barclays lowered the price target on Energy Transfer LP (NYSE: ET) from $25 to $22 and maintained an overweight on the shares, stating that while concerns related to upcoming recontracting events across key assets in the company’s footprint exist, the partnership “continues to demonstrate business discipline and ingenuity, supporting a constructive future outlook.”
The rating update comes after Energy Transfer LP (NYSE: ET) announced its capital investment outlook and earnings estimates for full year 2026 on Jan. 6. The company aims to invest between $5.0 billion and $5.5 billion in growth capital, primarily in projects strengthening its natural gas network. It also expects continued growth in 2026, with the goal of generating consolidated adjusted EBITDA of between $17.3 billion and $17.7 billion, including SUN and USAC.
Energy Transfer LP (NYSE: ET) further stated that it expects key new projects to accelerate or come online in 2026, including the Mustang Draw I and Mustang Draw II processing plants in the Permian Basin, Nederland Flexport NGL expansion, NGL projects on the Lone Star Express and Gateway pipelines, Phase I of the Hugh Brinson Pipeline, and natural gas pipeline projects serving data center facilities in Texas.
Energy Transfer LP (NYSE: ET) provides transportation and natural gas pipeline transportation services. The Company operates through the following segments: Intrastate Transportation & Storage, Interstate Transportation & Storage, Midstream, NGL & Refined Products Transportation & Services, Crude Oil Transportation & Services, Investment in Sunoco LP, Investment in USAC and All Others.
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Disclosure: None. This article was originally published on Initiated Monkey.
