Skip to Content

Energy Transfer LP

View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Energy Transfer Continues to Benefit From Lotus and Crestwood Deals, and Now NuStar

Business Strategy and Outlook

Data center and AI demand is coming into focus for Energy Transfer. Several years ago, the partnership began to focus on connecting its assets to power plants located within 10 miles of its intra-state pipelines. Now, Energy Transfer believes it is connected to about 55%-60% of the power plants in Texas, either directly or indirectly. As a result, management believes it is well positioned to benefit from perhaps 8 billion cubic feet per day of new data center demand, likely by 2030, particularly as Dallas is emerging as a key data center hub.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of ET so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center