Is Energy Transfer Stock Going to $30?

By Matt DiLallo – Mar 7, 2026 at 9:14AM ESTKey PointsEnergy Transfer's growth rate has reaccelerated this year. It has plenty of fuel to continue growing briskly. The MLP still trades at a bottom-of-the-barrel valuation despite the recent resurgence. Units of Energy Transfer (ET +0.35%) have rallied more than 13% this year. That surge has pushed the midstream giant's price near $19 per unit. Fueling the master limited partnership's (MLP) rally has been a combination of a growth reacceleration and higher oil prices. Here's a look at whether the MLP's stock price could reach $30 in the coming years. Image source: Getty Images. The reacceleration has begun Last year was a bit of an outlier for Energy Transfer. The MLP grew its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 3.2%. That's much slower than the 10% compound annual growth rate it delivered from 2020 through 2024. The pipeline company had fewer growth catalysts last year, as it didn't complete any acquisitions, only finished a few expansion projects, and oil prices slumped. However, this year will be different. Energy Transfer expects its adjusted earnings to rise by more than 10% at the midpoint of its guidance range. The company will benefit from the ramp-up and completion of several major expansion projects this year. Meanwhile, both of its affiliated MLPs have recently completed acquisitions, which will boost its bottom line. Additionally, oil prices are rising, which should also bolster its financial results. ExpandNYSE: ETEnergy TransferToday's Change(0.35%) $0.07Current Price$18.73Key Data PointsMarket Cap$64BDay's Range$18.59 - $18.8352wk Range$14.60 - $19.30Volume864KAvg Vol15MGross Margin12.27%Dividend Yield7.07% The fuel to continue growing Energy Transfer could continue to grow at an accelerated rate over the next several years. It has a large backlog of expansion projects, including the $2.7 billion Hugh Brinson Pipeline and the $5.6 billion Transwestern Pipeline expansion project. It currently has secured projects that should enter commercial service through 2030. Meanwhile, it has more opportunities in the pipeline, notably to expand its gas infrastructure to support growing demand by data centers and power producers. Energy Transfer has the financial flexibility to fund the growth projects it has already secured, as well as new opportunities as they emerge. That includes the capacity to continue making acquisitions when it finds the right deals. Given the accelerating demand for natural gas, Energy Transfer could continue growing its earnings at a double-digit annual rate. The fuel to hit $30 If Energy Transfer can grow its earnings at a 10% annual rate, its unit price would reach $30 in about five years, if it maintained its current valuation multiple. It could reach that level even sooner if its valuation multiple starts expanding. That's certainly possible since it trades at the lowest valuation multiple in its peer group at less than nine times forward earnings (the average is above 11x).

If Energy Transfer maintains its accelerated growth rate and sees some valuation expansion, it could hit $30 a unit within the next few years. Read NextMar 4, 2026 •By Leo Sun2 Energy Stocks That Can Stand the Test of TimeMar 1, 2026 •By Matt DiLalloHere's the First Energy Stock I Plan to Buy in MarchFeb 28, 2026 •By Matt DiLalloThe Smartest Dividend Stocks to Buy With $150 Right NowFeb 25, 2026 •By Reuben Gregg BrewerEnergy Transfer Continues to Boost Its 7%-Yielding DividendFeb 22, 2026 •By Matt DiLallo4 Top Dividend Stocks Yielding More Than 4% to Buy for Passive Income Right NowFeb 21, 2026 •By Lawrence Rothman, CFAEnergy Transfer's Units Surged Nearly 12% in JanuaryAbout the AuthorMatt DiLallo has been a contributing Motley Fool stock market analyst specializing in covering dividend-paying companies, particularly in the energy and REIT sectors, since 2012. He also covers pre-IPO companies, ETFs, and other investing topics. He holds an MBA from Liberty University.TMFmd19X@MatthewDiLalloStocks MentionedEnergy TransferNYSE: ET$18.74(+0.35%)+$0.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.