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

Energy Transfer LP (NYSE:ET) is one of the best NYSE stocks to buy under $20. In 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.

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.

Energy 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.

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Disclosure: None. This article is originally published at Insider Monkey.