Energy Transfer LP(ET)Earnings, Financials & Key Ratios

ET•NYSE

$19.87

$68.36B mkt cap·14.7× P/E·Price updated May 6, 2026

SectorEnergy IndustryMidstream Oil & Gas Sub-IndustryNatural Gas Pipelines and Storage

AboutEnergy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.Show more

Revenue$82.63B
EBITDA$14.76B+3.2%
Net Income$4.9B+1.8%
EPS (Diluted)1.35+5.5%
Gross Margin21.79%+14.8%
EBITDA Margin17.86%+3.2%
Operating Margin11.43%+3.4%
Net Margin5.93%+1.9%
ROE10.24%-3.0%
ROIC6.26%-6.7%
Debt/Equity1.45+11.5%
Interest Coverage2.89-11.7%

Analysis→Technical→

ET Key Insights

Energy Transfer LP (ET) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.2%
✓Trading near 52-week high
✓Trading at only 1.5x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ET Price & Volume

Energy Transfer LP (ET) stock price & volume — 10-year historical chart

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ET Growth Metrics

Energy Transfer LP (ET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.97%

5 Years16.23%

3 Years-2.76%

TTM-0.05%

Profit CAGR

10 Years15.22%

5 Years-

3 Years1.01%

TTM1.81%

EPS CAGR

10 Years1.98%

5 Years-

3 Years-1.2%

TTM5.47%

Return on Capital

10 Years6.74%

5 Years8.49%

3 Years8.26%

Last Year7.88%

ET Recent Earnings

Energy Transfer LP (ET) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

May 5, 2026

EPS

$0.35

Est $0.40

-12.5%

Revenue

$27.8B

Est $25.8B

+7.7%

Q1 2026

Feb 17, 2026

EPS

$0.25

Est $0.37

-32.9%

Revenue

$25.3B

Est $24.0B

+5.4%

Q4 2025

Nov 5, 2025

EPS

$0.28

Est $0.33

-16.0%

Revenue

$20.0B

Est $21.9B

-9.0%

Q3 2025

Aug 6, 2025

EPS

$0.32

Est $0.33

-2.7%

Revenue

$19.2B

Est $22.5B

-14.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$0.35vs $0.40-12.5%	$27.8Bvs $25.8B+7.7%
Q1 2026	Feb 17, 2026	$0.25vs $0.37-32.9%	$25.3Bvs $24.0B+5.4%
Q4 2025	Nov 5, 2025	$0.28vs $0.33-16.0%	$20.0Bvs $21.9B-9.0%
Q3 2025	Aug 6, 2025	$0.32vs $0.33-2.7%	$19.2Bvs $22.5B-14.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
EPDEnterprise Products Partners L.P.Direct Competitor	81.2B	37.56	14.12	-6.44%	11.03%	19.29%	1.14
PAAPlains All American Pipeline, L.P.Direct Competitor	15.64B	22.17	30.37	2.79%	3.24%	6.27%	0.61
WESWestern Midstream Partners, LPDirect Competitor	16.83B	41.25	13.75	6.61%	29.9%	33.46%	2.14
MPLXMPLX LpDirect Competitor	56.51B	55.66	11.55	8.37%	37.54%	32.81%	1.80
KMIKinder Morgan, Inc.Direct Competitor	70.26B	31.58	23.05	12.45%	18.92%	10.27%	1.00
OKEONEOK, Inc.Direct Competitor	53.93B	85.60	15.79	55.42%	10.04%	15.86%	1.45
WMBThe Williams Companies, Inc.Product Competitor	90.21B	73.76	34.47	13.78%	23.82%	18.98%	1.96
TRPTC Energy CorporationProduct Competitor	68.19B	65.49	27.21	10.29%	23.23%	9.37%	1.65

Compare ET vs Peers

Energy Transfer LP (ET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EPD

Most directly comparable listed peer for ET.

Scale Benchmark

vs XOM

Larger-name benchmark to compare ET against a more recognizable public peer.

Peer Set

Compare Top 5

vs EPD, PAA, WES, MPLX

ET Income Statement

Energy Transfer LP (ET) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	40.52B	54.09B	54.21B	38.95B	67.42B	89.88B	78.59B	82.67B	82.63B
Revenue Growth %	8.05%	33.47%	0.23%	-28.15%	73.07%	33.31%	-12.56%	5.2%	-0.05%
Cost of Goods Sold	33.61B	44.69B	43.09B	28.7B	53.97B	76.57B	64.78B	66.98B	64.62B
COGS % of Revenue	82.94%	82.63%	79.49%	73.69%	80.05%	85.2%	82.44%	81.02%	78.21%
Gross Profit	6.91B▲ 0%	9.39B▲ 35.9%	11.12B▲ 18.3%	10.25B▼ 7.8%	13.45B▲ 31.2%	13.31B▼ 1.1%	13.8B▲ 3.7%	15.69B▲ 13.7%	18.01B▲ 14.8%
Gross Margin %	17.06%	17.37%	20.51%	26.31%	19.95%	14.8%	17.56%	18.98%	21.79%
Gross Profit Growth %	17.21%	35.9%	18.34%	-7.82%	31.21%	-1.06%	3.72%	13.7%	14.75%
Operating Expenses	4.19B	3.99B	3.92B	7.27B	4.66B	5.57B	5.51B	6.55B	8.57B
OpEx % of Revenue	10.34%	7.38%	7.22%	18.66%	6.91%	6.2%	7.01%	7.93%	10.37%
Selling, General & Admin	599M	702M	694M	711M	818M	1.02B	1.11B	1.34B	1.02B
SG&A % of Revenue	1.48%	1.3%	1.28%	1.83%	1.21%	1.13%	1.41%	1.62%	1.23%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	3.59B	3.29B	3.22B	6.56B	3.84B	4.55B	4.4B	5.22B	7.55B
Operating Income	2.71B▲ 0%	5.4B▲ 99.2%	7.2B▲ 33.3%	2.98B▼ 58.6%	8.79B▲ 195.0%	7.74B▼ 12.0%	8.29B▲ 7.2%	9.14B▲ 10.2%	9.44B▲ 3.3%
Operating Margin %	6.69%	9.99%	13.29%	7.65%	13.04%	8.61%	10.56%	11.05%	11.43%
Operating Income Growth %	46.57%	99.15%	33.31%	-58.63%	195.03%	-11.99%	7.2%	10.16%	3.3%
EBITDA	5.27B	8.26B	10.35B	6.66B	12.61B	11.9B	12.68B	14.3B	14.76B
EBITDA Margin %	13%	15.28%	19.09%	17.09%	18.7%	13.24%	16.14%	17.3%	17.86%
EBITDA Growth %	29.51%	56.86%	25.27%	-35.67%	89.38%	-5.61%	6.54%	12.8%	3.17%
D&A (Non-Cash Add-back)	2.55B	2.86B	3.15B	3.68B	3.82B	4.16B	4.38B	5.17B	5.32B
EBIT	3.76B	5.69B	7.35B	5.86B	8.81B	8.12B	8.18B	10.23B	9.61B
Net Interest Income	-1.92B	-2.06B	-2.33B	-2.33B	-2.27B	-2.31B	-2.58B	-3.13B	-3.32B
Interest Income	0	0	0	0	0	0	0	0	0
Interest Expense	1.92B	2.06B	2.33B	2.33B	2.27B	2.31B	2.58B	3.13B	3.32B
Other Income/Expense	-2.01B	-1.77B	-2.18B	-2.6B	-1.92B	-1.67B	-2.7B	-2.03B	-3.15B
Pretax Income	710M▲ 0%	3.63B▲ 411.8%	5.02B▲ 38.1%	377M▼ 92.5%	6.87B▲ 1722.5%	6.07B▼ 11.6%	5.6B▼ 7.8%	7.11B▲ 27.0%	6.29B▼ 11.5%
Pretax Margin %	1.75%	6.72%	9.26%	0.97%	10.19%	6.76%	7.12%	8.6%	7.61%
Income Tax	-1.83B	4M	195M	237M	184M	204M	303M	541M	222M
Effective Tax Rate %	-258.17%	0.11%	3.88%	62.86%	2.68%	3.36%	5.41%	7.61%	3.53%
Net Income	954M▲ 0%	1.69B▲ 77.6%	3.52B▲ 107.7%	-648M▼ 118.4%	5.47B▲ 944.1%	4.76B▼ 13.1%	3.94B▼ 17.3%	4.81B▲ 22.3%	4.9B▲ 1.8%
Net Margin %	2.35%	3.13%	6.49%	-1.66%	8.11%	5.29%	5.01%	5.82%	5.93%
Net Income Growth %	-4.12%	77.57%	107.67%	-118.42%	944.14%	-13.05%	-17.26%	22.34%	1.81%
Net Income (Continuing)	2.54B	3.69B	4.83B	140M	6.69B	5.87B	5.29B	6.57B	6.07B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	31.19B	10.79B	12.75B	13.61B	8.82B	8.13B	8.03B	11.31B	14.89B
EPS (Diluted)	0.80▲ 0%	1.16▲ 45.0%	1.33▲ 14.7%	-0.24▼ 118.0%	1.89▲ 887.5%	1.40▼ 25.9%	1.09▼ 22.1%	1.28▲ 17.4%	1.35▲ 5.5%
EPS Growth %	-13.04%	45%	14.66%	-118.05%	887.5%	-25.93%	-22.14%	17.43%	5.47%
EPS (Basic)	0.85	1.19	1.34	-0.24	1.89	1.40	1.10	1.29	1.36
Diluted Shares Outstanding	1.15B	1.46B	2.64B	2.7B	2.74B	3.1B	3.18B	3.42B	3.65B
Basic Shares Outstanding	1.08B	1.42B	2.63B	2.7B	2.73B	3.09B	3.16B	3.4B	3.65B
Dividend Payout Ratio	105.66%	99.23%	86.81%	-	34.7%	64.07%	107.95%	96.03%	96.41%

ET Balance Sheet

Energy Transfer LP (ET) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	10.68B	6.75B	7.46B	6.32B	10.54B	12.08B	12.43B	14.2B	18.23B
Cash & Short-Term Investments	360M	530M	314M	376M	346M	267M	227M	321M	1.32B
Cash Only	336M	419M	291M	367M	336M	257M	161M	312M	1.27B
Short-Term Investments	24M	111M	23M	9M	10M	10M	66M	9M	52M
Accounts Receivable	4.56B	4.19B	5.2B	3.95B	7.71B	8.56B	9.21B	10.33B	11.45B
Days Sales Outstanding	41.05	28.3	34.99	37.05	41.73	34.76	42.8	45.63	50.58
Inventory	2.02B	1.82B	1.53B	1.74B	2.01B	2.46B	2.68B	3.07B	4.99B
Days Inventory Outstanding	21.96	14.85	12.98	22.11	13.62	11.73	15.12	16.73	28.16
Other Current Assets	3.54B	209M	264M	119M	257M	412M	308M	159M	472M
Total Non-Current Assets	75.56B	81.5B	91.51B	88.83B	95.43B	93.56B	101.27B	111.18B	123.51B
Property, Plant & Equipment	61.09B	66.96B	75.16B	75.97B	82.44B	81.13B	86.18B	96.02B	103.98B
Fixed Asset Turnover	0.66x	0.81x	0.72x	0.51x	0.82x	1.11x	0.91x	0.86x	0.79x
Goodwill	4.77B	4.88B	5.17B	2.39B	2.53B	2.57B	4.02B	3.9B	5.45B
Intangible Assets	6.12B	6B	6.15B	5.75B	5.86B	5.42B	6.24B	5.97B	7.44B
Long-Term Investments	2.9B	2.82B	3.64B	3.06B	2.95B	2.89B	3.22B	3.27B	3.8B
Other Non-Current Assets	886M	1.01B	1.57B	1.66B	1.65B	1.56B	1.73B	2.02B	2.38B
Total Assets	86.25B▲ 0%	88.25B▲ 2.3%	98.97B▲ 12.2%	95.14B▼ 3.9%	105.96B▲ 11.4%	105.64B▼ 0.3%	113.7B▲ 7.6%	125.38B▲ 10.3%	141.74B▲ 13.0%
Asset Turnover	0.47x	0.61x	0.55x	0.41x	0.64x	0.85x	0.69x	0.66x	0.58x
Asset Growth %	9.28%	2.32%	12.16%	-3.87%	11.37%	-0.3%	7.62%	10.27%	13.05%
Total Current Liabilities	7.9B	9.31B	7.72B	5.92B	10.84B	10.37B	11.28B	12.66B	14.96B
Accounts Payable	4.72B	3.55B	4.15B	2.84B	6.83B	6.97B	6.68B	8.32B	9.51B
Days Payables Outstanding	51.22	29.01	35.14	36.06	46.22	33.22	37.66	45.37	53.72
Short-Term Debt	413M	2.65B	20M	20M	677M	0	1B	8M	270M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	366M
Other Current Liabilities	1.65B	1.99B	2.43B	1.86B	2.03B	1.9B	1.84B	2.4B	4.32B
Current Ratio	1.35x	0.73x	0.97x	1.07x	0.97x	1.17x	1.10x	1.12x	1.22x
Quick Ratio	1.10x	0.53x	0.77x	0.77x	0.79x	0.93x	0.86x	0.88x	0.89x
Cash Conversion Cycle	11.79	14.13	12.82	23.1	9.13	13.27	20.26	16.99	25.03
Total Non-Current Liabilities	48.35B	47.59B	56.57B	57.07B	55B	54.12B	57.7B	66.29B	77.53B
Long-Term Debt	43.67B	43.37B	51B	51.41B	49.01B	48.25B	51.36B	59.7B	69.74B
Capital Lease Obligations	0	0	929M	844M	824M	808M	797M	781M	1.6B
Deferred Tax Liabilities	3.31B	2.93B	3.21B	3.43B	3.65B	3.7B	3.93B	4.19B	5.76B
Other Non-Current Liabilities	1.36B	1.29B	1.44B	1.39B	1.52B	1.36B	1.61B	1.62B	426M
Total Liabilities	56.24B	56.9B	64.3B	62.99B	65.83B	64.49B	68.98B	78.95B	92.48B
Total Debt	44.08B	46.03B	52.02B	52.33B	50.57B	49.11B	53.22B	60.56B	71.61B
Net Debt	43.75B	45.61B	51.73B	51.96B	50.23B	48.85B	53.06B	60.25B	70.34B
Debt / Equity	1.47x	1.47x	1.50x	1.63x	1.26x	1.19x	1.19x	1.30x	1.45x
Debt / EBITDA	8.37x	5.57x	5.03x	7.86x	4.01x	4.13x	4.20x	4.23x	4.85x
Net Debt / EBITDA	8.31x	5.52x	5.00x	7.80x	3.98x	4.10x	4.18x	4.21x	4.77x
Interest Coverage	1.96x	2.77x	3.15x	2.52x	3.89x	3.52x	3.17x	3.27x	2.89x
Total Equity	30B▲ 0%	31.35B▲ 4.5%	34.68B▲ 10.6%	32.15B▼ 7.3%	40.13B▲ 24.8%	41.15B▲ 2.6%	44.72B▲ 8.7%	46.43B▲ 3.8%	49.26B▲ 6.1%
Equity Growth %	33.46%	4.49%	10.62%	-7.29%	24.81%	2.55%	8.66%	3.84%	6.09%
Book Value per Share	26.07	21.45	13.15	11.93	14.65	13.29	14.07	13.58	13.50
Total Shareholders' Equity	-1.19B	20.56B	21.92B	18.54B	31.3B	33.03B	36.68B	35.12B	34.37B
Common Stock	0	20.61B	21.93B	18.53B	25.23B	26.96B	30.2B	31.2B	30.93B
Retained Earnings	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-42M	-11M	6M	23M	16M	28M	73M	82M
Minority Interest	31.19B	10.79B	12.75B	13.61B	8.82B	8.13B	8.03B	11.31B	14.89B

ET Cash Flow Statement

Energy Transfer LP (ET) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	4.43B	7.51B	8.06B	7.36B	11.16B	9.05B	9.55B	11.51B	10.15B
Operating CF Margin %	10.93%	13.88%	14.86%	18.9%	16.56%	10.07%	12.16%	13.92%	12.28%
Operating CF Growth %	33.32%	69.47%	7.33%	-8.63%	51.64%	-18.91%	5.57%	20.42%	-11.79%
Net Income	2.37B	3.42B	4.83B	140M	6.69B	5.87B	5.29B	6.57B	5.71B
Depreciation & Amortization	2.55B	2.86B	3.15B	3.68B	3.82B	4.16B	4.38B	5.17B	5.68B
Stock-Based Compensation	99M	105M	113M	121M	111M	115M	130M	151M	148M
Deferred Taxes	-1.87B	-7M	217M	210M	141M	187M	203M	276M	178M
Other Non-Cash Items	1.47B	895M	145M	3.17B	-109M	219M	-6M	-455M	409M
Working Capital Changes	-192M	234M	-391M	47M	515M	-1.5B	-451M	-196M	-1.98B
Change in Receivables	-924M	703M	-542M	873M	-3.32B	-840M	-176M	-760M	-46M
Change in Inventory	58M	237M	-19M	-271M	-19M	-361M	35M	-735M	-717M
Change in Payables	534M	-968M	114M	-960M	3.8B	31M	-539M	1.28B	-346M
Cash from Investing	-5.61B	-7.08B	-6.68B	-4.9B	-2.77B	-4.02B	-4.33B	-5.9B	-8.37B
Capital Expenditures	-8.44B	-7.41B	-5.96B	-5.13B	-2.82B	-3.38B	-3.13B	-4.16B	-6.3B
CapEx % of Revenue	20.84%	13.69%	10.99%	13.17%	4.19%	3.76%	3.99%	5.04%	7.63%
Acquisitions	2.63B	6M	-299M	-38M	-209M	-839M	-1.33B	-2.83B	-2.26B
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-3B	-7.05B	98M	270M	256M	198M	135M	1.17B	191M
Cash from Financing	953M	-3.08B	-1.6B	-2.39B	-8.42B	-5.11B	-5.33B	-5.45B	-816M
Debt Issued (Net)	85M	-118M	2.37B	307M	-6.05B	-843M	714M	4.74B	4.82B
Equity Issued (Net)	3.75B	0	755M	1.58B	-31M	0	0	-3.47B	973M
Dividends Paid	-1.01B	-1.68B	-3.05B	-2.8B	-1.9B	-3.05B	-4.25B	-4.62B	-4.72B
Share Repurchases	-53M	-24M	-25M	0	-31M	0	0	-3.47B	0
Other Financing	-1.87B	-1.28B	-1.66B	-1.47B	-438M	-1.22B	-1.79B	-2.1B	-1.88B
Net Change in Cash	-131M▲ 0%	83M▲ 163.4%	-128M▼ 254.2%	76M▲ 159.4%	-31M▼ 140.8%	-79M▼ 154.8%	-96M▼ 21.5%	151M▲ 257.3%	960M▲ 535.8%
Free Cash Flow	-4.01B▲ 0%	99M▲ 102.5%	2.19B▲ 2116.2%	2.23B▲ 1.7%	8.34B▲ 273.8%	5.67B▼ 32.0%	6.42B▲ 13.2%	7.34B▲ 14.3%	3.85B▼ 47.6%
FCF Margin %	-9.91%	0.18%	4.05%	5.73%	12.37%	6.31%	8.17%	8.88%	4.65%
FCF Growth %	14.12%	102.47%	2116.16%	1.69%	273.82%	-32.01%	13.25%	14.34%	-47.62%
FCF per Share	-3.49	0.07	0.83	0.83	3.04	1.83	2.02	2.15	1.05
FCF Conversion (FCF/Net Income)	4.64x	4.43x	2.29x	-11.36x	2.04x	1.90x	2.43x	2.39x	2.07x
Interest Paid	1.91B	1.87B	0	0	2.19B	2.17B	2.3B	2.88B	0
Taxes Paid	50M	508M	0	0	41M	54M	103M	206M	0

ET Key Ratios

Energy Transfer LP (ET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.31%	3.64%	5.52%	10.66%	-1.94%	15.14%	11.7%	9.17%	10.56%	10.24%
Return on Invested Capital (ROIC)	2.2%	2.91%	5.38%	6.61%	2.62%	7.56%	6.44%	6.63%	6.7%	6.26%
Gross Margin	15.73%	17.06%	17.37%	20.51%	26.31%	19.95%	14.8%	17.56%	18.98%	21.79%
Net Margin	2.65%	2.35%	3.13%	6.49%	-1.66%	8.11%	5.29%	5.01%	5.82%	5.93%
Debt / Equity	1.96x	1.47x	1.47x	1.50x	1.63x	1.26x	1.19x	1.19x	1.30x	1.45x
Interest Coverage	1.60x	1.96x	2.77x	3.15x	2.52x	3.89x	3.52x	3.17x	3.27x	2.89x
FCF Conversion	3.34x	4.64x	4.43x	2.29x	-11.36x	2.04x	1.90x	2.43x	2.39x	2.07x
Revenue Growth	-10.97%	8.05%	33.47%	0.23%	-28.15%	73.07%	33.31%	-12.56%	5.2%	-0.05%

ET SEC Filings & Documents

Energy Transfer LP (ET) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Feb 17, 2026·SEC

Material company update

Jan 27, 2026·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 8, 2025·SEC

ET Frequently Asked Questions

Energy Transfer LP (ET) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Energy Transfer LP (ET) reported $82.63B in revenue for fiscal year 2025. This represents a 3421% increase from $2.35B in 2004.

Energy Transfer LP (ET) saw revenue decline by 0.1% over the past year.

Yes, Energy Transfer LP (ET) is profitable, generating $4.90B in net income for fiscal year 2025 (5.9% net margin).

Dividend & Returns

Yes, Energy Transfer LP (ET) pays a dividend with a yield of 6.51%. This makes it attractive for income-focused investors.

Energy Transfer LP (ET) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Energy Transfer LP (ET) generated $3.85B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Energy Transfer LP(ET)Earnings, Financials & Key Ratios

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