Energy Transfer Equity Fell 4.5% Last Week, Underperformed AMLP


Aug. 18 2020, Updated 6:35 a.m. ET

Energy Transfer Equity’s weekly performance

Energy Transfer Equity (ETE) fell 4.5% last week. ETE directly and indirectly owns the GP (general partner) of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL), respectively. The Alerian MLP ETF (AMLP), which is comprised of 25 energy MLPs, fell 1.2% last week.

ETP and SXL fell 2.2% and 2.3%, respectively, in the same period. ETE is dependent upon its subsidiaries for distribution income through a limited partnership interest, a GP interest, and IDRs (incentive distribution rights). ETE has announced IDR subsidies in recent quarters to support its subsidiary growth plans.

Article continues below advertisement

Energy Transfer Equity’s YTD returns

ETE has fallen 4.7% since the beginning of 2017. It rose 40.5% in 2016. In comparison, ETE’s peers Western Gas Equity Partners (WGP) and EQT GP Holdings (EQGP) have risen 7.2% and 8.5%, respectively, so far in 2017. ETE’s C corporation peer Williams Companies (WMB) has fallen 3.5%. AMLP has risen 0.20%. ETE and most of its peers are still trading below the levels before the rout in energy prices.

Series overview

In this series, we’ll try to find out whether Energy Transfer Equity can gain upward momentum going forward. We’ll look at ETE’s implied volatility and valuation as well as its short interest and analyst projections.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.