Raymond James Reiterates a Buy Rating on Energy Transfer LP (ET)\n\nIn a report released on August 7, Raymond James reiterated a Buy rating on Energy Transfer LP (NYSE:ET), setting a price target of $24.00. \n\nWhy Energy Transfer (ET) is a Strong Buy for Income Investors in 2025\n\nAn aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. The rating update came after Energy Transfer LP (NYSE:ET) reported its fiscal Q2 2025 results on August 6, with net income attributable to partners reaching $1.16 billion compared to $1.31 billion in 2024. Adjusted EBITDA for the quarter was $3.87 billion, up from $3.76 billion in the same period last year. Management also reported $1.04 billion in growth capital expenditures in fiscal Q2 2025, while maintenance capital expenditures were $253 million. \n\nEnergy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. \n\nWhile we acknowledge the potential of ET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .\n\nDisclosure: None. This article is originally published at.

Raymond James Reiterates a Buy Rating on Energy Transfer LP (ET)

Raymond James reaffirmed a Buy rating on Energy Transfer LP (ET) with a price target of $24.00 following the company's fiscal Q2 2025 earnings report. The report highlighted a net income of $1.16 billion and adjusted EBITDA of $3.87 billion, both up from the prior year. The company reported $1.04 billion in growth capital expenditures and $253 million in maintenance capital expenditures. Energy Transfer operates in natural gas pipeline transmission and transportation across multiple segments, including intrastate and interstate transportation, midstream services, NGL and refined products, crude oil transportation, and investments in Sunoco LP and USAC.