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Energy Transfer LP(ET)Earnings, Financials & Key Ratios
ET•NYSE
13.9× P/E·Price updated Jun 19, 2026
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%
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 at only 1.4x 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.
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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%
TTM8.91%
Profit CAGR
10 Years15.22%
5 Years-
3 Years1.01%
TTM13.42%
EPS CAGR
10 Years1.98%
5 Years-
3 Years-1.2%
TTM1.52%
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
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.35-12.5%
$0.40
Rev
$27.8B+7.7%
$25.8B
Q1 2026
Feb 17, 2026Metric
Actual
Est
EPS
$0.25-32.9%
$0.37
Rev
$25.3B+5.4%
$24.0B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.28-16.0%
$0.33
Rev
$20.0B-9.0%
$21.9B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.32-2.7%
$0.33
Rev
$19.2B-14.6%
$22.5B
| 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 →
ET Peer Comparison
Energy Transfer LP (ET) competitors in Natural Gas Pipelines and Storage — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 EPD | 79.12B | 36.60 | 13.76 | -6.44% | 11.03% | 19.29% | 1.14 | |
 PAA | 15.06B | 21.34 | 12.86 | -11.61% | 2.54% | 8.84% | 0.86 | |
 WES | 16.92B | 42.96 | 14.32 | 6.61% | 29.9% | 33.79% | 2.14 | |
 MPLX | 57.7B | 56.84 | 11.79 | 8.37% | 37.54% | 32.81% | 1.80 | |
 KMI | 70.28B | 31.59 | 23.06 | 12.45% | 18.92% | 10.27% | 1.00 | |
 OKE | 53.57B | 85.03 | 15.69 | 55.42% | 10.04% | 15.86% | 1.45 | |
 WMB | 89.43B | 73.12 | 34.17 | 13.78% | 23.82% | 18.98% | 1.96 | |
 TRP | 70.49B | 67.70 | 29.20 | 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.
ET Income Statement
Energy Transfer LP (ET) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 40.52B | 54.09B | 54.21B | 38.95B | 67.42B | 89.88B | 78.59B | 82.67B | 82.63B | 89.38B |
Revenue Growth % | 8.05% | 33.47% | 0.23% | -28.15% | 73.07% | 33.31% | -12.56% | 5.2% | -0.05% | 8.91% |
Cost of Goods Sold | 33.61B | 44.69B | 43.09B | 28.7B | 53.97B | 76.57B | 64.78B | 66.98B | 64.62B | 68.9B |
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% | 20.48B▲ 0% |
Gross Margin % | 17.06% | 17.37% | 20.51% | 26.31% | 19.95% | 14.8% | 17.56% | 18.98% | 21.79% | 22.91% |
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 | 10.55B |
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 | 3.15B |
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 | 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 | 3M |
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% | 9.93B▲ 0% |
Operating Margin % | 6.69% | 9.99% | 13.29% | 7.65% | 13.04% | 8.61% | 10.56% | 11.05% | 11.43% | 11.11% |
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 | 15.46B |
EBITDA Margin % | 13% | 15.28% | 19.09% | 17.09% | 18.7% | 13.24% | 16.14% | 17.3% | 17.86% | 17.3% |
EBITDA Growth % | 29.51% | 56.86% | 25.27% | -35.67% | 89.38% | -5.61% | 6.54% | 12.8% | 3.17% | 6.45% |
D&A (Non-Cash Add-back) | 2.55B | 2.86B | 3.15B | 3.68B | 3.82B | 4.16B | 4.38B | 5.17B | 5.32B | 5.53B |
EBIT | 3.76B | 5.69B | 7.35B | 5.86B | 8.81B | 8.12B | 8.18B | 10.23B | 9.61B | 9.15B |
Net Interest Income | -1.92B | -2.06B | -2.33B | -2.33B | -2.27B | -2.31B | -2.58B | -3.13B | -3.32B | -3.46B |
Interest Income | 0 | 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 | 3.46B |
Other Income/Expense | -2.01B | -1.77B | -2.18B | -2.6B | -1.92B | -1.67B | -2.7B | -2.03B | -3.15B | -3.29B |
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% | 6.64B▲ 0% |
Pretax Margin % | 1.75% | 6.72% | 9.26% | 0.97% | 10.19% | 6.76% | 7.12% | 8.6% | 7.61% | 7.43% |
Income Tax | -1.83B | 4M | 195M | 237M | 184M | 204M | 303M | 541M | 222M | 316M |
Effective Tax Rate % | -258.17% | 0.11% | 3.88% | 62.86% | 2.68% | 3.36% | 5.41% | 7.61% | 3.53% | 4.76% |
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% | 5.55B▲ 0% |
Net Margin % | 2.35% | 3.13% | 6.49% | -1.66% | 8.11% | 5.29% | 5.01% | 5.82% | 5.93% | 6.21% |
Net Income Growth % | -4.12% | 77.57% | 107.67% | -118.42% | 944.14% | -13.05% | -17.26% | 22.34% | 1.81% | 13.42% |
Net Income (Continuing) | 2.54B | 3.69B | 4.83B | 140M | 6.69B | 5.87B | 5.29B | 6.57B | 6.07B | 6.32B |
Discontinued Operations | 0 | 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 | 15.53B |
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% | 1.61▲ 0% |
EPS Growth % | -13.04% | 45% | 14.66% | -118.05% | 887.5% | -25.93% | -22.14% | 17.43% | 5.47% | 1.52% |
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 | 3.46B |
Basic Shares Outstanding | 1.08B | 1.42B | 2.63B | 2.7B | 2.73B | 3.09B | 3.16B | 3.4B | 3.65B | 3.44B |
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
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 10.68B | 6.75B | 7.46B | 6.32B | 10.54B | 12.08B | 12.43B | 14.2B | 18.23B | 22.26B |
Cash & Short-Term Investments | 360M | 530M | 314M | 376M | 346M | 267M | 227M | 321M | 1.32B | 0 |
Cash Only | 336M | 419M | 291M | 367M | 336M | 257M | 161M | 312M | 1.27B | 0 |
Short-Term Investments | 24M | 111M | 23M | 9M | 10M | 10M | 66M | 9M | 52M | 0 |
Accounts Receivable | 4.56B | 4.19B | 5.2B | 3.95B | 7.71B | 8.56B | 9.21B | 10.33B | 11.45B | 0 |
Days Sales Outstanding | 41.05 | 28.3 | 34.99 | 37.05 | 41.73 | 34.76 | 42.8 | 45.63 | 50.58 | 32.26 |
Inventory | 2.02B | 1.82B | 1.53B | 1.74B | 2.01B | 2.46B | 2.68B | 3.07B | 4.99B | 0 |
Days Inventory Outstanding | 21.96 | 14.85 | 12.98 | 22.11 | 13.62 | 11.73 | 15.12 | 16.73 | 28.16 | 14.63 |
Other Current Assets | 3.54B | 209M | 264M | 119M | 257M | 412M | 308M | 159M | 472M | 22.26B |
Total Non-Current Assets | 75.56B | 81.5B | 91.51B | 88.83B | 95.43B | 93.56B | 101.27B | 111.18B | 123.51B | 125.22B |
Property, Plant & Equipment | 61.09B | 66.96B | 75.16B | 75.97B | 82.44B | 81.13B | 86.18B | 96.02B | 103.98B | 105.98B |
Fixed Asset Turnover | 0.66x | 0.81x | 0.72x | 0.51x | 0.82x | 1.11x | 0.91x | 0.86x | 0.79x | 0.89x |
Goodwill | 4.77B | 4.88B | 5.17B | 2.39B | 2.53B | 2.57B | 4.02B | 3.9B | 5.45B | 5.61B |
Intangible Assets | 6.12B | 6B | 6.15B | 5.75B | 5.86B | 5.42B | 6.24B | 5.97B | 7.44B | 7.29B |
Long-Term Investments | 2.9B | 2.82B | 3.64B | 3.06B | 2.95B | 2.89B | 3.22B | 3.27B | 3.8B | 13.96B |
Other Non-Current Assets | 886M | 1.01B | 1.57B | 1.66B | 1.65B | 1.56B | 1.73B | 2.02B | 2.38B | 2.69B |
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% | 147.48B▲ 0% |
Asset Turnover | 0.47x | 0.61x | 0.55x | 0.41x | 0.64x | 0.85x | 0.69x | 0.66x | 0.58x | 0.66x |
Asset Growth % | 9.28% | 2.32% | 12.16% | -3.87% | 11.37% | -0.3% | 7.62% | 10.27% | 13.05% | 36.68% |
Total Current Liabilities | 7.9B | 9.31B | 7.72B | 5.92B | 10.84B | 10.37B | 11.28B | 12.66B | 14.96B | 19.04B |
Accounts Payable | 4.72B | 3.55B | 4.15B | 2.84B | 6.83B | 6.97B | 6.68B | 8.32B | 9.51B | 0 |
Days Payables Outstanding | 51.22 | 29.01 | 35.14 | 36.06 | 46.22 | 33.22 | 37.66 | 45.37 | 53.72 | 32.26 |
Short-Term Debt | 413M | 2.65B | 20M | 20M | 677M | 0 | 1B | 8M | 270M | 220M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 366M | 366M |
Other Current Liabilities | 1.65B | 1.99B | 2.43B | 1.86B | 2.03B | 1.9B | 1.84B | 2.4B | 4.32B | 18.82B |
Current Ratio | 1.35x | 0.73x | 0.97x | 1.07x | 0.97x | 1.17x | 1.10x | 1.12x | 1.22x | 1.17x |
Quick Ratio | 1.10x | 0.53x | 0.77x | 0.77x | 0.79x | 0.93x | 0.86x | 0.88x | 0.89x | 1.17x |
Cash Conversion Cycle | 11.79 | 14.13 | 12.82 | 23.1 | 9.13 | 13.27 | 20.26 | 16.99 | 25.03 | 14.63 |
Total Non-Current Liabilities | 48.35B | 47.59B | 56.57B | 57.07B | 55B | 54.12B | 57.7B | 66.29B | 77.53B | 78.45B |
Long-Term Debt | 43.67B | 43.37B | 51B | 51.41B | 49.01B | 48.25B | 51.36B | 59.7B | 69.74B | 69.32B |
Capital Lease Obligations | 0 | 0 | 929M | 844M | 824M | 808M | 797M | 781M | 1.6B | 4.72B |
Deferred Tax Liabilities | 3.31B | 2.93B | 3.21B | 3.43B | 3.65B | 3.7B | 3.93B | 4.19B | 5.76B | 19.82B |
Other Non-Current Liabilities | 1.36B | 1.29B | 1.44B | 1.39B | 1.52B | 1.36B | 1.61B | 1.62B | 426M | 1.97B |
Total Liabilities | 56.24B | 56.9B | 64.3B | 62.99B | 65.83B | 64.49B | 68.98B | 78.95B | 92.48B | 97.49B |
Total Debt | 44.08B | 46.03B | 52.02B | 52.33B | 50.57B | 49.11B | 53.22B | 60.56B | 71.61B | 70.89B |
Net Debt | 43.75B | 45.61B | 51.73B | 51.96B | 50.23B | 48.85B | 53.06B | 60.25B | 70.34B | 70.89B |
Debt / Equity | 1.47x | 1.47x | 1.50x | 1.63x | 1.26x | 1.19x | 1.19x | 1.30x | 1.45x | 1.42x |
Debt / EBITDA | 8.37x | 5.57x | 5.03x | 7.86x | 4.01x | 4.13x | 4.20x | 4.23x | 4.85x | 4.58x |
Net Debt / EBITDA | 8.31x | 5.52x | 5.00x | 7.80x | 3.98x | 4.10x | 4.18x | 4.21x | 4.77x | 4.58x |
Interest Coverage | 1.96x | 2.77x | 3.15x | 2.52x | 3.89x | 3.52x | 3.17x | 3.27x | 2.89x | 2.64x |
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% | 49.99B▲ 0% |
Equity Growth % | 33.46% | 4.49% | 10.62% | -7.29% | 24.81% | 2.55% | 8.66% | 3.84% | 6.09% | 14.51% |
Book Value per Share | 26.07 | 21.45 | 13.15 | 11.93 | 14.65 | 13.29 | 14.07 | 13.58 | 13.50 | 14.46 |
Total Shareholders' Equity | -1.19B | 20.56B | 21.92B | 18.54B | 31.3B | 33.03B | 36.68B | 35.12B | 34.37B | 34.46B |
Common Stock | 0 | 20.61B | 21.93B | 18.53B | 25.23B | 26.96B | 30.2B | 31.2B | 30.93B | 31B |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | -42M | -11M | 6M | 23M | 16M | 28M | 73M | 82M | 72M |
Minority Interest | 31.19B | 10.79B | 12.75B | 13.61B | 8.82B | 8.13B | 8.03B | 11.31B | 14.89B | 15.53B |
ET Cash Flow Statement
Energy Transfer LP (ET) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 4.43B | 7.51B | 8.06B | 7.36B | 11.16B | 9.05B | 9.55B | 11.51B | 10.15B | 10.61B |
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% | 0.25% |
Net Income | 2.37B | 3.42B | 4.83B | 140M | 6.69B | 5.87B | 5.29B | 6.57B | 5.71B | 5.55B |
Depreciation & Amortization | 2.55B | 2.86B | 3.15B | 3.68B | 3.82B | 4.16B | 4.38B | 5.17B | 5.68B | 5.9B |
Stock-Based Compensation | 99M | 105M | 113M | 121M | 111M | 115M | 130M | 151M | 148M | 153M |
Deferred Taxes | -1.87B | -7M | 217M | 210M | 141M | 187M | 203M | 276M | 178M | 287M |
Other Non-Cash Items | 1.47B | 895M | 145M | 3.17B | -109M | 219M | -6M | -455M | 409M | 162M |
Working Capital Changes | -192M | 234M | -391M | 47M | 515M | -1.5B | -451M | -196M | -1.98B | -1.85B |
Change in Receivables | -924M | 703M | -542M | 873M | -3.32B | -840M | -176M | -760M | -46M | 1.11B |
Change in Inventory | 58M | 237M | -19M | -271M | -19M | -361M | 35M | -735M | -717M | -1.49B |
Change in Payables | 534M | -968M | 114M | -960M | 3.8B | 31M | -539M | 1.28B | -346M | -1.01B |
Cash from Investing | -5.61B | -7.08B | -6.68B | -4.9B | -2.77B | -4.02B | -4.33B | -5.9B | -8.37B | -9.71B |
Capital Expenditures | -8.44B | -7.41B | -5.96B | -5.13B | -2.82B | -3.38B | -3.13B | -4.16B | -6.3B | -5.08B |
CapEx % of Revenue | 20.84% | 13.69% | 10.99% | 13.17% | 4.19% | 3.76% | 3.99% | 5.04% | 7.63% | 5.68% |
Acquisitions | 2.63B | 6M | -299M | -38M | -209M | -839M | -1.33B | -2.83B | -2.26B | -2.69B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -3B | -7.05B | 98M | 270M | 256M | 198M | 135M | 1.17B | 191M | -1.94B |
Cash from Financing | 953M | -3.08B | -1.6B | -2.39B | -8.42B | -5.11B | -5.33B | -5.45B | -816M | -403M |
Debt Issued (Net) | 85M | -118M | 2.37B | 307M | -6.05B | -843M | 714M | 4.74B | 4.82B | 4.75B |
Equity Issued (Net) | 3.75B | 0 | 755M | 1.58B | -31M | 0 | 0 | -3.47B | 973M | 973M |
Dividends Paid | -1.01B | -1.68B | -3.05B | -2.8B | -1.9B | -3.05B | -4.25B | -4.62B | -4.72B | -3.59B |
Share Repurchases | -53M | -24M | -25M | 0 | -31M | 0 | 0 | -3.47B | 0 | 0 |
Other Financing | -1.87B | -1.28B | -1.66B | -1.47B | -438M | -1.22B | -1.79B | -2.1B | -1.88B | -2.53B |
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% | 498M▲ 0% |
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% | 5.53B▲ 0% |
FCF Margin % | -9.91% | 0.18% | 4.05% | 5.73% | 12.37% | 6.31% | 8.17% | 8.88% | 4.65% | 6.19% |
FCF Growth % | 14.12% | 102.47% | 2116.16% | 1.69% | 273.82% | -32.01% | 13.25% | 14.34% | -47.62% | -8.7% |
FCF per Share | -3.49 | 0.07 | 0.83 | 0.83 | 3.04 | 1.83 | 2.02 | 2.15 | 1.05 | 1.60 |
FCF Conversion (FCF/Net Income) | 4.64x | 4.43x | 2.29x | -11.36x | 2.04x | 1.90x | 2.43x | 2.39x | 2.07x | 1.00x |
Interest Paid | 1.91B | 1.87B | 0 | 0 | 2.19B | 2.17B | 2.3B | 2.88B | 0 | 0 |
Taxes Paid | 50M | 508M | 0 | 0 | 41M | 54M | 103M | 206M | 0 | 0 |
ET Key Ratios
Energy Transfer LP (ET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 3.64% | 5.52% | 10.66% | -1.94% | 15.14% | 11.7% | 9.17% | 10.56% | 10.24% | 11.56% |
Return on Invested Capital (ROIC) | 2.91% | 5.38% | 6.61% | 2.62% | 7.56% | 6.44% | 6.63% | 6.7% | 6.26% | 6.55% |
Gross Margin | 17.06% | 17.37% | 20.51% | 26.31% | 19.95% | 14.8% | 17.56% | 18.98% | 21.79% | 22.91% |
Net Margin | 2.35% | 3.13% | 6.49% | -1.66% | 8.11% | 5.29% | 5.01% | 5.82% | 5.93% | 6.21% |
Debt / Equity | 1.47x | 1.47x | 1.50x | 1.63x | 1.26x | 1.19x | 1.19x | 1.30x | 1.45x | 1.42x |
Interest Coverage | 1.96x | 2.77x | 3.15x | 2.52x | 3.89x | 3.52x | 3.17x | 3.27x | 2.89x | 2.64x |
FCF Conversion | 4.64x | 4.43x | 2.29x | -11.36x | 2.04x | 1.90x | 2.43x | 2.39x | 2.07x | 1.00x |
Revenue Growth | 8.05% | 33.47% | 0.23% | -28.15% | 73.07% | 33.31% | -12.56% | 5.2% | -0.05% | 8.91% |
Related:ET Dividend History·ET Revenue History·ET Price History·ET P/E History·ET Financial Ratios·ET Institutional Holders
ET SEC Filings & Documents
Energy Transfer LP (ET) SEC filings — annual & quarterly reports (10-K, 10-Q)
ET Frequently Asked Questions
Energy Transfer LP (ET) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Energy Transfer LP (ET) reported $89.38B in revenue for fiscal year 2025. This represents a 3708% 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 $5.55B 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 6.90%. 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 $5.53B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.