FRMI

Fermi Inc

8.06

Jul 02 • 04:00PM ET -0.46 (-5.40%)

Real Estate REIT - Specialty USA Mid NASD

Peers: LAMR EPR OUT RYN IRM WY CDP AMT DLR EQIX

| Held by: IWR SRVR IWD IWS SPRE ONEQ SOVF IWB EQAL NFRA

Index	-
Market Cap	5.14B
Enterprise Value	5.36B
Income	-
Sales	-
Book/sh	1.70
Cash/sh	0.38
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	35
IPO	Oct 01, 2025

P/E	-
Forward P/E	10.55
PEG	-
P/S	-
P/B	4.73
P/C	21.12
P/FCF	-
EV/EBITDA	-
EV/Sales	-
Quick Ratio	1.02
Current Ratio	1.02
Debt/Eq	0.43
LT Debt/Eq	0.43
Option/Short	Yes / Yes

EPS (ttm)	-
EPS next Y	0.76
EPS next Q	-0.05
EPS this Y	105.63%
EPS next Y	1205.48%
EPS next 5Y	-
EPS past 3/5Y	- -
Sales past 3/5Y	- -
EPS Y/Y TTM	-
Sales Y/Y TTM	-
EPS Q/Q	-
Sales Q/Q	-
Earnings	May 14 BMO
EPS/Sales Surpr.	-784.96% 90.29%

Insider Own	47.24%
Insider Trans	-4.58%
Inst Own	11.47%
Inst Trans	37.56%
ROA	-
ROE	-
ROIC	-
Gross Margin	-
Oper. Margin	-
Profit Margin	-
SMA20	2.73%
SMA50	20.87%
SMA200	-30.48%
Trades

Shs Outstand	629.84M
Shs Float	278.91M
Short Float	12.49%
Short Ratio	1.86
Short Interest	34.84M
52W High	36.99 -78.21%
52W Low	4.47 80.31%
Volatility	11.03% 11.45%
ATR (14)	0.86
RSI (14)	52.51
Beta	-
Rel Volume	0.74
Avg Volume	18.78M
Volume	13,978,485

Perf Week	-8.41%
Perf Month	22.12%
Perf Quarter	50.09%
Perf Half Y	-0.37%
Perf YTD	0.75%
Perf Year	-
Perf 3Y	-
Perf 5Y	-
Perf 10Y	-
Recom	1.44
Target Price	16.56
Prev Close	8.52
Price	8.06
Change	-5.40%

Date	Action	Analyst	Rating Change	Price Target Change
May-15-26	Downgrade	Evercore ISI	Outperform → In-line	$11
May-05-26	Downgrade	UBS	Buy → Neutral	$6
Apr-09-26	Resumed	Cantor Fitzgerald	Overweight	$8
Feb-09-26	Initiated	Citizens	Mkt Outperform	$30
Oct-27-25	Initiated	UBS	Buy	$30
Oct-27-25	Initiated	Stifel	Buy	$29
Oct-27-25	Initiated	Rothschild & Co Redburn	Buy	$31
Oct-27-25	Initiated	Mizuho	Outperform	$27
Oct-27-25	Initiated	Macquarie	Outperform	$35
Oct-27-25	Initiated	Cantor Fitzgerald	Overweight	$27
Oct-27-25	Initiated	Berenberg	Buy	$37

Show Previous Ratings

Jul-03-26 01:03PM	Neugebauer Suspends Current Proxy Campaign While Leading with About 70% of Votes Recorded, Following Judge's Inexplicable Last-minute Recusal That Throws off Timeline for Strategic Process; Reaffirms Confidence in Fermi's Future (PR Newswire)
Jul-01-26 04:33PM	Neugebauer Asks: What Is the Fermi Board Afraid to Say Under Oath? As Company Dismisses Litigation Prior to Discovery (PR Newswire) -6.99% -5.40%
Jun-30-26 08:30AM	Fermi Selects Primoris Services Corporation to Engineer and Construct Balance of Plant for First Six SGT-800 Gas Turbines of Phase One Power Buildout (PR Newswire)
Jun-26-26 01:30AM	Fermi Selects TSK to Advance Engineering for Texas Power Project (Oilprice.com) +7.84%
Jun-25-26 01:46PM	NEUGEBAUER PROPOSES HISTORIC TOWN HALL WEBINAR WITH FERMI CO-FOUNDERS GOVERNOR RICK PERRY AND SON GRIFFIN PERRY ON JUNE 30--SO SHAREHOLDERS CAN HEAR FIRST-HAND EACH PARTY'S VIEWS ON THE PAST, PRESENT, AND FUTURE OF THE COMPANY (PR Newswire) +10.14%
08:30AM	Loading…
08:30AM	Fermi Inc. Selects TSK, Spain's Largest EPC Firm, to Deliver Early Works Engineering for Three Siemens SGT6-5000F Turbines (PR Newswire)
Jun-24-26 06:34PM	Neugebauer Highly Confident Tenant Will Be Announced Soon (PR Newswire) -8.06%
08:30AM	Fermi America Tells Texas Lawmakers Project Matador Will Push the Frontier of AI Compute While Setting a New Standard for Water Stewardship (PR Newswire)
Jun-22-26 08:30AM	Fermi's Former CEO Toby Neugebauer Makes More False Claims and Inaccurate Statements (PR Newswire) -5.58%
Jun-18-26 11:08PM	THE MARKET HAS SPOKEN: Wants Neugebauer and Fermi Board to Maximize Shareholder Value and Enhance Management (PR Newswire) +9.70%
Jun-15-26 07:00AM	Fermi Files Definitive Consent Revocation Statement and Mails Letter to Shareholders (PR Newswire)
Jun-10-26 02:18PM	Fermi shares surge on report OpenAI may be eyeing major capacity deal (Proactive) +22.60%
08:44AM	Dow, Nasdaq recoil as inflation surprise revives Fed fears (Proactive)
08:44AM	Dow Jones, Nasdaq lower after CPI inflation print raises Fed worries (Proactive)
May-18-26 08:30AM	Fermi Files Preliminary Consent Revocation Statement (PR Newswire)
05:30AM	Loading…
May-16-26 05:30AM	The Texas-Size Fight Over Rick Perry's Nuclear Power Startup (The Wall Street Journal)
May-15-26 09:45AM	Cisco upgraded, Doximity downgraded: Wall Street's top analyst calls (The Fly) -11.67%
May-14-26 10:21PM	Fermi Flags AI Power Push as Q1 Loss Widens on Expansion Costs (Oilprice.com) +22.83%
07:06PM	Fermi Inc (FRMI) Q1 2026 Earnings Call Highlights: Strategic Moves Amid Financial Challenges (GuruFocus.com)
05:13PM	Fermi Inc. Common Stock Q1 2026 Earnings Call Summary (Moby)
04:05PM	Fermi Board Amends Bylaws to Protect Interests of Shareholders (PR Newswire)
07:00AM	Fermi Inc. Outlines Fermi 2.0 Strategic Evolution and Reports First Quarter 2026 Financial Results (PR Newswire)
May-12-26 06:32PM	Toby Neugebauer and His Family Believe Generosity is the Solution to Meet 5/50 REIT Compliance, Should Company Choose to Unnecessarily Elect REIT Status for 2025 and/or 2026 (PR Newswire) +9.69%
May-11-26 04:30PM	Fermi Board Announces Actions to Confirm No Special Meeting of Shareholders Has Been Called (PR Newswire)
09:00AM	Caddis Capital Fully Backs Fermis Board, Management, and Long-Term Strategic Plan (Business Wire)
May-08-26 02:00PM	Fermi America Announces First Quarter 2026 Earnings Release and Call Date (PR Newswire)
May-05-26 09:04PM	Fermi Responds to Former CEO's Attempts to Take Control of Board and Reverse Board Actions Taken in Accordance with Their Fiduciary Duties to Remove Him as CEO and Terminate Him for Cause (PR Newswire) +12.55%
07:56PM	Fermi Appoints Larry Kellerman to Board of Directors (PR Newswire)
10:46AM	Fermi Stock Slides as Ex-CEO Calls a Special Meeting. Will Shareholders Vote to Sell? (Barrons.com)
09:24AM	Toby Neugebauer Calls a Special Meeting to Unlock Maximum Value for Fermi Shareholders (PR Newswire)
09:56PM	Loading…
May-01-26 09:56PM	Larry Kellerman, Fermi's Chief Power Officer and Architect of Its 17 GW Energy Infrastructure, Accepts Board Nomination (PR Newswire)
10:44AM	Fermi's Ousted Co-Founder Vows to Keep Fighting (The Wall Street Journal)
Apr-30-26 04:00AM	Fermi Names Rob Masson Interim CFO as AI Power Campus Push Advances (Oilprice.com)
03:00AM	Fermi Inc. Appoints Rob L. Masson II as Interim Chief Financial Officer (PR Newswire)
Apr-28-26 05:00AM	A Trump-branded nuclear power project thrilled investors. Then came the crash. (Washington Post)
Apr-24-26 04:29PM	There's a new stock for the nuclear-power IPO trade, and Wall Street is piling in. Should you? (MarketWatch) -8.78%
Apr-22-26 03:59PM	Fermi's Fired CEO Is Pushing for a Sale. Why He Can Do That. (Barrons.com) +15.81%
11:41AM	Fermi's Fired CEO Is Pushing for a Sale of the AI Start-Up. What It Means for the Stock. (Barrons.com)
Apr-21-26 10:02PM	Fermi Rejects Sale Push as It Advances 17GW AI Power Project (Oilprice.com) -6.30%
08:25PM	FERMI PROVIDES BUSINESS UPDATE (PR Newswire)
Apr-20-26 11:51PM	Toby Neugebauer Incredibly Bullish on Project Matador and Calls for Sale of Company to Maximize Shareholder Value (PR Newswire) -17.56%
03:34PM	Why Fermi CEO's Exit Could Solve the Company's Biggest Problem (Barrons.com)
01:19PM	Fermi Shares Plummet on Executive Departures (The Wall Street Journal)
11:55AM	Fermi shares slump after CEO, CFO step down (CFO Dive)
11:11AM	This AI power company ousted its CEO. Why that could help it sign up its first customer. (MarketWatch)
08:58AM	Fermi Stock Plummets as CEO, CFO Depart. How It Could Solve Power Company's Biggest Problem. (Barrons.com)
07:45AM	Fermi Stock Plummets 20% as CEO and Finance Chief Depart. What's Up at the Data-Center Developer. (Barrons.com)
02:27AM	Fermi Inc. Announces "Fermi 2.0" Strategic Evolution, New Board Chairman, Leadership Transitions, and New Office Locations (PR Newswire)
Mar-31-26 08:30AM	Fermi Inc. Common Stock Q4 2025 Earnings Call Summary (Moby) +8.96%
Mar-30-26 07:00PM	Fermi Inc (FRMI) Q4 2025 Earnings Call Highlights: Strategic Moves and Financial Challenges (GuruFocus.com) -13.27%
04:41PM	This AI power company's Trump-named power project still has no customers in sight (MarketWatch)
03:57PM	This Data Center Stock Is Plummeting. It Has a Major Problem. (Barrons.com)
11:51AM	This Data Centre Stock Just Plunged 18%. It has a Problem - No Customers. (Barrons.com)
10:05AM	Fermi shares tumble after wider-than-expected loss, tenant uncertainty weighs (Proactive)
07:00AM	Fermi America Reports Fiscal Year 2025 Earnings, Marking Operational Milestones on the Path to 17 GW of Private Power (PR Newswire)
Mar-27-26 07:28PM	Fermi America Files Second Clean Air Permit Application with TCEQ for 5 GW of Additional Power for Its Project Matador Private Grid (PR Newswire)
07:05AM	Fermi America Secures $165 Million Equipment Financing Facility from CSG Investments, an Affiliate of Beal Bank USA, to Accelerate Delivery of Six SGT-800 Gas Turbines for 2028 Delivery at Project Matador (PR Newswire)
Mar-13-26 09:25AM	World's Largest Private Grid, Fermi America to File Additional 5GW Clean Air Permit for Project Matador with the Texas Commission on Environmental Quality (TCEQ) Upsizing Campus Projections to 17GW of Private Power (PR Newswire)
Mar-11-26 07:25AM	Fermi America Chief Nuclear Construction Officer Mesut Uzman Addresses NRC Regulatory Information Conference 2026, Showcasing Project Matador's Position as America's Most Advanced Nuclear Build (PR Newswire) +7.76%
Mar-09-26 01:27PM	Jim Cramer on Fermi Inc.: "I Think It's a Loser" (Insider Monkey)
Mar-04-26 09:00AM	Shareholders of Fermi Inc. Should Contact Levi & Korsinsky Before March 6, 2026 to Discuss Your Rights - FRMI (PR Newswire)
Mar-03-26 03:23PM	Iran War Escalation, Oil Spike Rattle Wall Street: What's Moving Markets Tuesday? (Benzinga) -9.21%
Feb-27-26 06:15AM	Fermi (FRMI) Loses 8% to Profit-Taking After 31% Jump (Insider Monkey) -8.11%
Feb-25-26 08:41PM	Fermi Inc. (FRMI) Highlights Progress in its Strategic Partnership with Hyundai Engineering & Construction Co., Ltd. (Insider Monkey) +17.31% -7.97%
04:41PM	Fermi America Secures Final 6GW Clean Air Permit from the Texas Commission on Environmental Quality (TCEQ) for World's Largest 11 GW Private Power Grid (PR Newswire)
10:45AM	Fermi Inc. Common Stock call volume above normal and directionally bullish (TipRanks)
01:41AM	Fermi (FRMI) Climbs 12% as Analyst Reaffirms 'Buy' (Insider Monkey)
Feb-19-26 04:37PM	Fermi America Makes Initial Draw on $200 Million Equipment Facility from Keystone National Group and Cape Commercial Finance to Accelerate the Delivery of the First 2.3GW of Project Matador's 11GW Private HyperGrid Campus (PR Newswire)
Feb-18-26 08:53AM	Hagens Berman Scrutinizing Suit Against Fermi (FRMI) Over Alleged $150M Anchor Tenant Exit (PR Newswire)
Feb-13-26 11:07PM	Fermi (FRMI) Soars 11% as 11-GW Project Moves Forward (Insider Monkey) +11.12% -6.61%
01:48PM	Small Caps, Silver Rally As Inflation Cools Further: What's Moving Markets Friday? (Benzinga)
Feb-11-26 07:20PM	Fermi America Deepens Strategic Partnership with Hyundai E&C to Lead the Return of Large-Scale Nuclear Construction in the U.S. with Project Matador (PR Newswire)
11:48AM	Fermi (FRMI) Soars 8% After Raising $500 Million in Fresh Funds (Insider Monkey)
05:15AM	Fermi America secures $500m loan to advance power buildout (Proactive)
Feb-10-26 06:23PM	FRMI INVESTOR ACTION NOTICE: Hagens Berman Encourages Investors in Fermi (FRMI) to Contact Firm (PR Newswire) +8.17%
04:10PM	Leading Global Power and Infrastructure Financial Institution MUFG Backs Fermi America with $500 Million Equipment Loan to Accelerate 11GW Private Energy Campus (PR Newswire)
Feb-09-26 08:12AM	Here Are Mondays Top Wall Street Analyst Research Calls: Autozone, Doximity, Li Auto, Oracle, Robinhood Markets, Roblox, SoFi Technolgy, Terawulf and More (24/7 Wall St.) +8.62%
07:00AM	Fermi America Announces Arrival of 6 Siemens Energy SGT-800 Gas Turbines at Port of Houston, Marking Major Milestone in Natural Gas Power Timeline (PR Newswire)
Feb-05-26 03:07AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire) -11.98%
Jan-29-26 04:36AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-26-26 02:49PM	Figma's IPO Is a Cautionary Tale. How AI Busted the Stock. (Barrons.com) -6.02%
04:32AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-21-26 02:44AM	Fermi (FRMI) Sheds 8.9% on US-Europe Trade Tensions (Insider Monkey)
Jan-15-26 01:12AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (PR Newswire)
Jan-14-26 09:00AM	Fermi Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - FRMI (PR Newswire) -5.82%
Jan-12-26 07:30AM	Fermi Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FRMI (Business Wire) +12.96%
Jan-10-26 02:24PM	Jim Cramer Says "Fermi's More of a Business Plan Than a Business" (Insider Monkey)
Jan-04-26 07:47AM	Fermi (FRMI) Surges 15.75% Ahead of Business Update (Insider Monkey)
Dec-31-25 07:37AM	Fermi (FRMI) Jumps 7.6% on Bargain-Hunting (Insider Monkey)
Dec-30-25 09:30AM	Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating (PR Newswire) +7.58%
Dec-26-25 11:11AM	2 Big Energy IPOs Flopped This Year. It Doesn't Bode Well for 2026. (Barrons.com)
Dec-24-25 05:30AM	Why the 'Everyone's a Winner' Energy Trade Can't Last Forever (The Wall Street Journal)
Dec-23-25 09:30AM	Hagens Berman Investigating Fermi Inc. (FRMI) as Shares Tank 33% Amid First Tenant Contract Termination (Business Wire) -7.09%
Dec-19-25 02:14PM	Jim Cramer Says "Some of My Newfound Cynicism With Nukes Comes From the Tale of Fermi" (Insider Monkey)
Dec-18-25 05:23AM	Evercore Sticks With Bullish Call on Fermi Inc. (FRMI) (Insider Monkey) -9.27%
Dec-17-25 08:49PM	Fermi denies report that Amazon was prospective tenant in stalled project (Reuters) -6.98%
12:03PM	Fermi (FRMI) Climbs 13% as Funds Flow Back to AI (Insider Monkey)
Dec-16-25 03:24PM	Why New AI IPO Stock Fermi Is Rebounding After Plunging Over 40% in 2 Days (Motley Fool) +13.39%
10:30AM	Fermi (FRMI) Nosedives 15% as Partner Withdraws from Deal (Insider Monkey)
Dec-13-25 03:55PM	Fermi Inc. (FRMI) Shares Tank 33% Amid First Tenant Contract Termination -- Hagens Berman Investigating (PR Newswire)

Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.

Co-President & COOMr. Jacobo Ortiz Blanes

Chief Site OfficerMr. Charles Lynn Hamilton

Co-PresidentMs. Anna Bofa

Co-Founder & Independent DirectorGovernor James Richard Perry

Co-FounderMr. Griffin Andrew Perry

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Perry James Richard	Director	Jun 30 '26	Sale	7.31	863,637	6,313,186	15,827,807	Jul 02 08:53 PM
Uzman Mesut	Chief Nuclear Constr. Officer	Jun 03 '26	Sale	6.31	79,509	501,702	670,491	Jun 04 09:38 PM
Uzman Mesut	Chief Nuclear Constr. Officer	Jun 03 '26	Sale	6.31	79,032	498,692	670,968	Jun 04 09:38 PM
Mesut Uzman	Officer	Jun 03 '26	Proposed Sale	6.32	158,541	1,001,689		Jun 04 09:37 PM
Hamilton Charles Lynn	Chief Site Development Officer	Apr 08 '26	Sale	4.91	375,950	1,845,914	5,924,050	Apr 10 07:38 PM
Hamilton Charles Lynn	Chief Site Development Officer	Apr 09 '26	Sale	4.58	398,140	1,823,481	5,525,910	Apr 10 07:38 PM
Ortiz Blanes Jacobo	Chief Operating Officer	Apr 08 '26	Sale	4.91	403,545	1,981,406	5,896,455	Apr 10 07:38 PM
Ortiz Blanes Jacobo	Chief Operating Officer	Apr 09 '26	Sale	4.58	427,363	1,957,323	5,469,092	Apr 10 07:38 PM
Everson Miles E.	Chief Financial Officer	Apr 08 '26	Sale	4.91	403,205	1,979,737	10,396,795	Apr 10 07:37 PM
Everson Miles E.	Chief Financial Officer	Apr 09 '26	Sale	4.58	427,004	1,955,678	9,969,791	Apr 10 07:37 PM
Perry Griffin	10% Owner	Mar 30 '26	Sale	5.02	9,000,000	45,191,700	62,946,450	Apr 01 07:11 PM
Perry Griffin	10% Owner	Mar 31 '26	Sale	5.54	2,000,000	11,076,800	60,946,450	Apr 01 07:11 PM
CADDIS HOLDINGS LP	10% Owner	Mar 30 '26	Proposed Sale	5.36	20,000,000	107,200,000		Mar 30 05:33 PM

Peers: EPD KMI WMB ENB OKE TRP MPLX PAA PSX MPC

| Held by: ENFR TPYP EIPX VOLT USAI TBG CSEN TOLZ NGIF NGIF

Index	-
Market Cap	66.52B
Enterprise Value	155.57B
Income	4.11B
Sales	92.29B
Book/sh	9.03
Cash/sh	0.28
Dividend Est.	1.37 (7.08%)
Dividend TTM	1.34 (6.91%)
Dividend Ex-Date	May 08, 2026
Dividend Gr. 3/5Y	14.62% 4.13%
Payout	108.73%
Employees	22311
IPO	Feb 03, 2006

P/E	16.24
Forward P/E	12.16
PEG	1.06
P/S	0.72
P/B	2.14
P/C	68.50
P/FCF	18.00
EV/EBITDA	10.16
EV/Sales	1.69
Quick Ratio	0.93
Current Ratio	1.17
Debt/Eq	2.06
LT Debt/Eq	2.06
Option/Short	Yes / Yes

EPS (ttm)	1.19
EPS next Y	1.59
EPS next Q	0.37
EPS this Y	23.13%
EPS next Y	6.67%
EPS next 5Y	11.46%
EPS past 3/5Y	-4.72% -
Sales past 3/5Y	-1.64% 17.04%
EPS Y/Y TTM	-10.48%
Sales Y/Y TTM	12.46%
EPS Q/Q	-4.98%
Sales Q/Q	32.12%
Earnings	May 05 BMO
EPS/Sales Surpr.	-12.46% 7.73%

Insider Own	11.86%
Insider Trans	0.00%
Inst Own	30.17%
Inst Trans	2.12%
ROA	3.18%
ROE	12.50%
ROIC	4.14%
Gross Margin	11.57%
Oper. Margin	10.21%
Profit Margin	4.46%
SMA20	1.32%
SMA50	-0.74%
SMA200	7.03%
Trades

Shs Outstand	3.44B
Shs Float	3.03B
Short Float	1.06%
Short Ratio	2.45
Short Interest	32.18M
52W High	20.70 -6.62%
52W Low	16.18 19.47%
Volatility	1.52% 1.83%
ATR (14)	0.36
RSI (14)	53.04
Beta	0.55
Rel Volume	0.66
Avg Volume	13.14M
Volume	8,625,628

Perf Week	0.78%
Perf Month	-1.07%
Perf Quarter	1.63%
Perf Half Y	16.87%
Perf YTD	17.22%
Perf Year	7.99%
Perf 3Y	52.20%
Perf 5Y	80.49%
Perf 10Y	40.07%
Recom	1.41
Target Price	23.68
Prev Close	19.05
Price	19.33
Change	1.47%

Date	Action	Analyst	Rating Change	Price Target Change
May-26-26	Upgrade	Jefferies	Hold → Buy	$23
Mar-24-26	Initiated	Truist	Buy	$23
Feb-18-26	Reiterated	TD Cowen	Buy	$20 → $21
Dec-18-25	Downgrade	Morgan Stanley	Overweight → Equal-Weight	$19
Oct-29-25	Initiated	Jefferies	Hold	$17
Sep-02-25	Initiated	Scotiabank	Sector Outperform	$23
Jul-07-25	Initiated	TD Cowen	Buy	$22
Oct-17-24	Resumed	BofA Securities	Buy	$20
Oct-06-23	Resumed	Goldman	Neutral	$14
Oct-03-23	Initiated	Pickering Energy Partners	Outperform
Dec-09-22	Initiated	Citigroup	Buy	$16
Jan-07-22	Resumed	Morgan Stanley	Overweight	$12
Sep-28-21	Resumed	BofA Securities	Buy	$14
Sep-21-21	Upgrade	Tudor Pickering	Hold → Buy	$14
Jul-16-21	Upgrade	Wolfe Research	Peer Perform → Outperform	$12 → $13
May-21-21	Resumed	Citigroup	Buy	$14
May-13-21	Upgrade	Wells Fargo	Equal Weight → Overweight	$12 → $13
Apr-29-21	Initiated	Mizuho	Buy	$12
Apr-22-21	Upgrade	Evercore ISI	In-line → Outperform	$10 → $14
Feb-22-21	Upgrade	Piper Sandler	Neutral → Overweight	$7 → $9

Show Previous Ratings

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Mar-11-26 11:22AM	3 Top-Rated Stocks to Buy to Hedge Against Stagflation as Middle East Conflict Drags On (Barchart)
Mar-09-26 02:04PM	5 High-Yield Stocks That Could Help Cushion Market Volatility (MarketBeat)
09:00AM	Energy Transfer LP (ET) is Attracting Investor Attention: Here is What You Should Know (Zacks)
Mar-06-26 04:01AM	Forget Tech Stocks. If Oil Goes to $100 These Energy Plays Are Unstoppable (24/7 Wall St.)
Mar-03-26 03:35PM	The Dividend Safe Harbor: 2 Stocks to Watch (MarketBeat)
Mar-01-26 12:08AM	What Makes Energy Transfer LP (ET) Appear so Attractive (Insider Monkey)
Feb-28-26 06:07PM	Iran Attack Will Launch Energy Stocks 5 Strong Buy High-Yield Companies You Have To Own (24/7 Wall St.)
Feb-26-26 06:40PM	Sunoco LP Announces Pricing of Upsized Private Offering of Senior Notes (Business Wire)
01:02PM	ET vs. EPD: Which Midstream Stock Deserves a Spot in Your Portfolio? (Zacks)
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10:07AM	Got $10,000? Put It in These Dividend Stocks Now (24/7 Wall St.)
08:01AM	Sunoco LP Announces Private Offering of Senior Notes (Business Wire)
07:09AM	Greenpeace faces $345m payment order in Dakota Access protest case (Offshore Technology)
Feb-25-26 12:33PM	Retirees Are Watching AMLP as Natural Gas Prices Briefly Hit Highest Price in Years (24/7 Wall St.)
Feb-24-26 12:06PM	ET Underperforms Its Industry in Three Months: How to Play the Stock? (Zacks)
09:00AM	Energy Transfer LP (ET) Is a Trending Stock: Facts to Know Before Betting on It (Zacks)
Feb-23-26 11:43PM	Jefferies Raises Energy Transfer (ET) Price Target, Calls Gas Project Updates 'Rather Exceptional' (Insider Monkey)
06:52PM	Sunoco LP Announces Cash Distribution on Series A Preferred Units (Business Wire)
04:55AM	5,000 Flights Canceled, Roads Closed: Northeast Blizzard Puts Airlines, Delivery Firms And Energy Stocks In Spotlight (Benzinga)
Feb-21-26 02:15PM	3 Midstream Dividend ETFs Yielding Over 5% That Are Also Beating the Market (24/7 Wall St.)
Feb-20-26 05:25AM	MPLX LP: Why This Midstream MLP Deserves a Premium Valuation (GuruFocus.com)
03:39AM	Energy Transfer LP (ET) Posts Mixed Results for FQ4 2025, Here's What You Should Know (Insider Monkey)
Feb-19-26 05:00PM	Energy Transfer LP Files 2025 Annual Report (Business Wire)
04:33PM	Sunoco LP and SunocoCorp LLC File 2025 Annual Reports on Form 10-K (Business Wire)
10:44AM	This Pipeline Operator Blips Up On Takeover Reports As AI Could Make 'Electricity The New Oil' (Investor's Business Daily)
06:42AM	Retirees Chasing AMLPs 7.9% Distribution Should Know About The Coverage Gap Risk (24/7 Wall St.)
Feb-18-26 04:48PM	Analyst Report: OGE Energy Corp. (Morningstar Research)
01:51PM	Trump's $550B Japan Deal Puts LNG, GE Vernova, And Rare Earth Stocks In Focus (Benzinga)
01:49PM	Value or Growth: 2 Ways to Invest in the Energy Transition (MarketBeat)
06:29AM	Energy Transfers Q4 2025 net income falls by 14% to $928m (Offshore Technology)
04:51AM	Company News for Feb 18, 2026 (Zacks)
Feb-17-26 04:31PM	Energy Transfer LP Q4 2025 Earnings Call Summary (Moby)
04:00PM	Energy Transfer LP (ET) Q4 2025 Earnings Call Highlights: Record EBITDA and Strategic Growth ... (GuruFocus.com)
03:47PM	Are Options Traders Betting on a Big Move in Energy Transfer Stock? (Zacks)
12:43PM	Energy Transfer Q4 Earnings Call Highlights (MarketBeat)
11:03AM	Energy Transfer Q4 Earnings Miss Estimates, Revenues Increase Y/Y (Zacks)
10:40AM	The Deal No One Saw Coming: Why Energy Transfer Stock Will Leave Every Other MLP in the Dust (24/7 Wall St.)
09:30AM	Compared to Estimates, Energy Transfer LP (ET) Q4 Earnings: A Look at Key Metrics (Zacks)
09:21AM	Palo Alto, Opendoor, Carvana And More Stocks With Earnings This Week (Benzinga)
07:35AM	Energy Transfer LP: Q4 Earnings Snapshot (Associated Press Finance)
07:30AM	Energy Transfer Reports Fourth Quarter 2025 Results (Business Wire)
07:00AM	Sunoco LP and SunocoCorp LLC Report Solid Fourth Quarter and Full-Year 2025 Financial and Operating Results (Business Wire)
Feb-16-26 06:52PM	Stock market today: Dow, S&P 500, Nasdaq futures slide ahead of shortened week with AI fears in focus (Yahoo Finance)
06:52PM	Stock market today: Dow, S&P 500, Nasdaq futures fall ahead of shortened week with AI disruption fears in focus (Yahoo Finance)
Feb-15-26 07:57AM	Walmart earnings, spending data, and more AI disruptions: What to watch this week (Yahoo Finance)
Feb-13-26 05:45PM	Energy Transfer LP (ET) Laps the Stock Market: Here's Why (Zacks)
12:08PM	Energy Transfer to Post Q4 Earnings: What's in Store for This Season? (Zacks)
11:22AM	Enbridge Q4 Earnings Call Highlights (MarketBeat)
09:00AM	Investors Heavily Search Energy Transfer LP (ET): Here is What You Need to Know (Zacks)
Feb-12-26 09:15AM	Energy Transfer LP (ET) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures (Zacks)
Feb-11-26 10:17AM	Red-Hot Jobs Report Will Delay Fed Rate Cuts Lock In These 5 Ultra-High-Yield Dividend Giants (24/7 Wall St.)
Feb-10-26 08:16AM	Boomers Love These 5 Stocks Under $20 That Pay Huge and Growing Dividends (24/7 Wall St.)
Feb-06-26 11:40AM	RBC Capital Lowered Price Target on Energy Transfer (ET) (Insider Monkey)
07:45AM	5 High-Yield Stocks (6%-8%) Every Retiree Should Consider Now (24/7 Wall St.)
Feb-04-26 10:31AM	Zacks Industry Outlook Highlights Enterprise Products Partners, Energy Transfer and Plains All American Pipeline (Zacks)
Feb-03-26 05:45PM	Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts (Zacks)
08:04AM	3 Oil Pipeline MLP Stocks Shining Despite Industry Headwinds (Zacks)
07:55AM	Energy Transfer (ET) Expands Pipeline Power with New Deals (Insider Monkey)
05:00AM	3 Boring but Beautiful Dividend Stocks Perfect for Income-Focused Portfolios (Motley Fool)
01:25AM	3 High-Yield Dividend Stocks to Power Your Income Stream in 2026 (Motley Fool)
Feb-02-26 10:25PM	Better Dividend Stock: Energy Transfer vs. Enterprise Products Partners in 2026 (Motley Fool)
05:25PM	The First 3 Passive Income Investments I Plan to Make In February (Motley Fool)
09:02AM	Want to Make Over $1,000 of Passive Income in 2026? Consider These 5 High-Yield Energy and Utilities Stocks. (Motley Fool)
09:00AM	Here is What to Know Beyond Why Energy Transfer LP (ET) is a Trending Stock (Zacks)
08:03AM	Helmerich & Payne to Post Q1 Earnings: Here's What to Expect (Zacks)
08:02AM	What's in Store for Magnolia Oil & Gas Stock in Q4 Earnings? (Zacks)
Feb-01-26 07:05AM	Energy Transfer Continues to Boost its More Than 7%-Yielding Dividend (Motley Fool)
Jan-31-26 08:48AM	Jim Cramer on Energy Transfer: "Very Inexpensive Stock, Great Pipeline Company" (Insider Monkey)
Jan-30-26 11:41AM	Where Will Energy Transfer Be in 10 Years? (Motley Fool)
07:52AM	Can Broker Signals Help Navigate Oil's Wild Price Swings? (Zacks)
Jan-29-26 12:16PM	Analyst Report: OGE Energy Corp. (Morningstar Research)
10:28AM	Enphase Energy to Report Q4 Earnings: Here's What to Expect (Zacks)
09:30AM	Wall Street Bulls Look Optimistic About Energy Transfer LP (ET): Should You Buy? (Zacks)
09:18AM	Boomers and Gen-X Are Grabbing 5 Passive Income High-Yield Giants Before 2026 Rate Cuts (24/7 Wall St.)
Jan-28-26 06:39PM	Frozen Assets: Winter Storm Fern Is Heating Up These 3 Energy Winners (MarketBeat)
05:45PM	Energy Transfer LP (ET) Rises As Market Takes a Dip: Key Facts (Zacks)
09:12AM	Can ET Stock Build a Strong Income Story on Distribution Growth? (Zacks)
Jan-27-26 04:24PM	Sunoco LP and SunocoCorp LLC Announce Quarterly Distributions (Business Wire)
04:15PM	Energy Transfer Announces Increase in Quarterly Cash Distribution (Business Wire)
01:28PM	Want to Invest in These Ultra-High-Yielding Energy Stocks Without The Tax Complications? Check Out This ETF. (Motley Fool)

Energy Transfer LP engages in natural gas pipeline transportation and transmission services. It 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. The Intrastate Transportation and Storage segment owns and operates natural gas transportation pipelines. The Interstate Transportation and Storage segment includes transportation pipelines, storage facilities, and gathering systems and delivery of natural gas to industrial end-users and other pipelines. The Midstream segment consists of natural gas gathering, compression, treating, processing, storage, and transportation. The NGL and Refined Products Transportation segment engages in the operations transport, store and execute acquisition, and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGL markets. The Crude Oil Transportation and Services segment provides transportation, terminalling, acquisition, and marketing services to crude oil markets. The Investment in Sunoco LP segment refers to the distribution of motor fuels to independent dealers, distributors, and other commercial customers and the distribution of motor fuels to end-user customers at retail sites. The Investment in USAC segment offers compression services to its customers in connection with infrastructure applications including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. The company was founded by Kelcy L. Warren in 1996 and is headquartered in Dallas, TX.

Co-CEO & Director of LE GPMr. Marshall S. McCrea III

Co-CEO & Director of LE GPMr. Thomas E. Long CPA

Executive VP & Group Chief Financial Officer of LE GPMr. Dylan A. Bramhall

Group Senior VPMr. A. Troy Sturrock

Executive VPMr. James M. Wright Jr.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Alvarez Oscar A.	Director	Jun 08 '26	Proposed Sale	19.29	3,116	60,092		Jun 08 04:27 PM
Perry James Richard	Officer	Mar 13 '26	Proposed Sale	18.56	1,334	24,759		Mar 13 10:12 AM
WARREN KELCY L	Director	Nov 19 '25	Buy	16.95	1,000,000	16,950,000	104,577,803	Nov 20 05:23 PM
WARREN KELCY L	Director	Nov 20 '25	Buy	16.81	1,000,000	16,810,000	105,577,803	Nov 20 05:23 PM
WARREN KELCY L	Director	Aug 20 '25	Buy	17.36	1,350,000	23,436,000	69,178,477	Aug 21 09:00 AM
WARREN KELCY L	Director	Aug 19 '25	Buy	17.30	650,000	11,245,000	67,828,477	Aug 21 09:00 AM

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