Energy Transfer LP

ET is in a Stage 2 advancing uptrend with confirmed higher highs and higher lows above rising EMAs. Price has extended above EMAs into extreme overbought territory, offering no clear execution edge. The Growth at Reasonable Price strategy advises patience, waiting for a pullback into the rising EMA9/EMA20 confluence for a structurally sound entry.

• ↑Organic growth CapEx of $5.5–5.9B planned for 2026 drives EBITDA guidance to $18.2–18.6B.
• ↑105k miles of pipelines, incl. Hugh Brinson and Desert Southwest expansions, underpin capacity growth.
• ↓LNG projects like Lake Charles require 80% equity backing before proceeding, risking delays.