Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Energy Transfer's financial results for the first quarter of 2025 show a significant performance, with an increase in adjusted EBITDA from $3.9 billion in the first quarter of 2024 to $4.1 billion in the same period of 2025.</li><li>Distributable Cash Flow (DCF) attributed to partners also reached $2.3 billion, indicating healthy cash generation.</li><li>Strong volumes across their midstream, crude gathering, natural gas interstate, and NGL pipelines and fractionators bolstered these figures.</li></ul>

Energy Transfer's financial results for the first quarter of 2025 show a significant performance, with an increase in adjusted EBITDA from $3.9 billion in the first quarter of 2024 to $4.1 billion in the same period of 2025.Distributable Cash Flow (DCF) attributed to partners also reached $2.3 billion, indicating healthy cash generation.Strong volumes across their midstream, crude gathering, natural gas interstate, and NGL pipelines and fractionators bolstered these figures.

Energy Transfer LP: Expansion in NGL Export and Infrastructure & Building A Buffer Against Industry Cyclicality!

<ul><li>Energy Transfer LP reported strong financial performance for the fourth quarter and full year of 2024, achieving an adjusted EBITDA of $15.5 billion—an increase of 13% over 2023 and marking a record for the partnership.</li><li>The distributable cash flow (DCF) attributable to partners also reached a record $8.4 billion, up 10% from the previous year.</li><li>The company saw a notable increase in various segments, including interstate, midstream, natural gas liquids (NGL), and crude segments, alongside record exports of NGLs. Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Energy Transfer LP reported strong financial performance for the fourth quarter and full year of 2024, achieving an adjusted EBITDA of $15.5 billion—an increase of 13% over 2023 and marking a record for the partnership.The distributable cash flow (DCF) attributable to partners also reached a record $8.4 billion, up 10% from the previous year.The company saw a notable increase in various segments, including interstate, midstream, natural gas liquids (NGL), and crude segments, alongside record exports of NGLs. Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Energy Transfer LP: Its Expanding Gas Network & 5 Key Drivers Shaping Its Performance for 2025 & Beyond!

Investing, Fraud and Fun with Language Models, Bedrock AI

Bedrock AI

Investing, Fraud and Fun with Language Models

Bedrock AI is a web-based equity research portal. Our software extracts red flags from SEC filings that are predictive of downside risk. Explore real-time analysis of annual and quarterly statements, 8-Ks, prospectuses, SEC comment letters and more for over 7,000 tickers. Analysis is served without human intervention. Quantamental investing is transforming the way investors see the world.

<ul><li>William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy infrastructure business.</li><li>A favorable tax outcome will also be “a very huge positive to [its] guidance in the immediate term”. </li><li>Energy Transfer $ET said the Trump administration will bring “a breath of fresh air.” Nov 06: Q3'24</li></ul>

William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy infrastructure business.A favorable tax outcome will also be “a very huge positive to [its] guidance in the immediate term”. Energy Transfer $ET said the Trump administration will bring “a breath of fresh air.” Nov 06: Q3'24

Most executives upbeat after Trump election

<ul><li>Energy Transfer's third quarter of 2024 results reveal several positive developments alongside some challenges, reflecting a complex operating environment.</li><li>Financially, Energy Transfer generated an adjusted EBITDA of $3.96 billion compared to $3.54 billion in the same quarter of the previous year, indicating growth driven by record volumes across its pipelines and strong performance in crude and NGL exports.</li><li>Despite the improved EBITDA, distributable cash flow attributable to partners remained flat at $1.99 billion year-over-year.</li></ul>

Energy Transfer's third quarter of 2024 results reveal several positive developments alongside some challenges, reflecting a complex operating environment.Financially, Energy Transfer generated an adjusted EBITDA of $3.96 billion compared to $3.54 billion in the same quarter of the previous year, indicating growth driven by record volumes across its pipelines and strong performance in crude and NGL exports.Despite the improved EBITDA, distributable cash flow attributable to partners remained flat at $1.99 billion year-over-year.

Energy Transfer LP: Can Its Expansion of Infrastructure & Capacity Be A Potential Game Changer? - Major Drivers

<ul><li>Energy Transfer's Q2 2024 earnings report reveals a company navigating complex operational landscapes with a mixture of robust results and strategic adjustments, providing a broad perspective on its strengths and challenges as it plans forward.</li><li>The company reported a noticeable rise in their financial and operational metrics indicating vital signs of growth.</li><li>However, certain segments experienced downturns that could suggest areas requiring attention for future stability and improvement.</li></ul>

Energy Transfer's Q2 2024 earnings report reveals a company navigating complex operational landscapes with a mixture of robust results and strategic adjustments, providing a broad perspective on its strengths and challenges as it plans forward.The company reported a noticeable rise in their financial and operational metrics indicating vital signs of growth.However, certain segments experienced downturns that could suggest areas requiring attention for future stability and improvement.

Energy Transfer LP: Expansion of Energy Transfer's Export Terminals & Other Major Developments! - Key Drivers

United States

Energy Transfer LP owns and operates a portfolio of energy assets. The Company engages in the operations such as transportation, storage and terminalling, crude oil, NGLs, refined products, and liquid natural gas. Energy Transfer serves customers in the United States.

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Energy Transfer LP (ET US)

Energy Transfer LP: Expansion in NGL Export and Infrastructure & Building A Buffer Against Industry Cyclicality!

Energy Transfer's financial results for the first quarter of 2025 show a significant performance, with an increase in adjusted EBITDA from $3.9...

Baptista Research

Energy Transfer LP: Its Expanding Gas Network & 5 Key Drivers Shaping Its Performance for 2025 & Beyond!

Energy Transfer LP reported strong financial performance for the fourth quarter and full year of 2024, achieving an adjusted EBITDA of $15.5...

Baptista Research

Most executives upbeat after Trump election

William Companies $WMB believes more Republican control can resolve permitting issues, which would benefit the power industry and the energy...

Bedrock AI

Energy Transfer LP: Can Its Expansion of Infrastructure & Capacity Be A Potential Game Changer? - Major Drivers

Energy Transfer's third quarter of 2024 results reveal several positive developments alongside some challenges, reflecting a complex operating...

Baptista Research

Energy Transfer LP: Expansion of Energy Transfer's Export Terminals & Other Major Developments! - Key Drivers

Energy Transfer's Q2 2024 earnings report reveals a company navigating complex operational landscapes with a mixture of robust results and...

Baptista Research

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