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Energy Transfer LP (ET)
NYSE: ET · Real-Time Price · USD
21.51
+0.20 (0.94%)
At close: Aug 31, 2026, 4:00 PM EDT
21.53
+0.02 (0.09%)
After-hours: Aug 31, 2026, 7:59 PM EDT

Energy Transfer LP Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
34,33427,77125,32019,95419,24221,02019,54120,77220,72921,62920,53220,73918,32018,99520,50122,93925,94520,49118,65716,664
Revenue Growth
78.43%32.12%29.57%-3.94%-7.17%-2.82%-4.83%0.16%13.15%13.87%0.15%-9.59%-29.39%-7.30%9.88%37.66%71.81%20.57%85.94%67.39%
Gross Profit
5,5704,9274,4443,8603,9534,1504,1033,8023,8933,8943,7323,5753,1343,3603,1943,4503,3703,4043,0512,578
Operating Income
3,5742,9832,3532,1522,3122,4952,2812,1812,3482,3802,1652,2341,8452,0631,8062,0592,1132,1461,6991,437
Net Income
2,0271,1948689591,0911,2551,0081,1151,1821,0891,2034667971,0031,0498991,2201,162820535
Earnings Per Share
0.590.350.250.280.320.360.290.320.350.320.370.150.250.320.340.290.390.370.290.20
EPS Growth
85.25%-3.60%-15.25%-12.70%-8.63%12.17%-20.03%117.99%39.15%0.29%8.09%-49.38%-35.90%-14.54%16.69%47.75%97.02%-69.05%53.62%-

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Intrastate Transportation and Storage
5961,1569028699311,2948206786379188929738071,2901,6002,3832,2031,6321,5051,217
Interstate Transportation and Storage
609634631603590621600575519602620571550634606549530566491418
Midstream
2,8213,0442,7202,9923,1353,6563,1602,7582,5072,7742,4072,7772,4682,7543,2554,8715,0503,9253,5262,919
NGL and Refined Products Transportation and Services
7,7196,6736,1505,8535,9416,9096,3565,8535,7956,5266,0395,2605,0015,6035,7486,0757,5576,2776,1875,262
Crude Oil Transportation and Services
11,0517,7588,4796,0435,7486,2086,2207,3097,3727,6387,2147,2895,9536,0806,3406,4167,3005,9264,9484,578
Investment in Sunoco LP
14,25910,6908,6006,0325,3905,1795,2695,7516,1735,4995,6416,3205,7455,3625,9186,5947,8155,4024,9544,779
Investment in USAC
342331252251250245245240236229225217207197191179172163160159
All Other
5651,0541,0559239369956073792964664114443995448131,084962715692696
Eliminations
-3,628-3,569-3,469-3,612-3,679-4,087-3,736-2,771-2,806-3,023-2,917-3,112-2,810-3,469-3,970-5,212-5,644-4,115-3,806-3,364
Revenue (Total)
34,33427,77125,32019,95419,24221,02019,54120,77220,72921,62920,53220,73918,32018,99520,50122,93925,94520,49118,65716,664

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
1,0209511,2723,5742424533122996501,9461615143303302573263531,111336313
Total Debt
70,24171,10670,09463,97461,57660,60760,55860,06558,43254,22753,22248,90148,96248,06749,10748,25248,95150,33050,56646,316
Net Cash (Debt)
-69,221-70,155-68,822-60,400-61,334-60,154-60,246-59,766-57,782-52,281-53,061-48,387-48,632-47,737-48,850-47,926-48,598-49,219-50,230-46,003
Net Cash Growth
--------------------
Net Cash Per Share
-19.99-20.29-19.95-17.48-17.76-17.42-17.46-17.37-17.02-15.42-16.10-15.28-15.45-15.32-15.74-15.42-15.65-15.87-17.75-16.91

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
4,2713,3781,8982,5722,7622,9172,5902,8742,2703,7721,2962,3732,5363,3501,3382,9892,3542,3701,7392,263
Capital Expenditures
-1,564-1,916-1,947-1,473-1,659-1,224-1,472-1,086-811-795-704-701-876-853-888-1,035-706-752-776-617
Free Cash Flow
2,7071,462-491,0991,1031,6931,1181,7881,4592,9775921,6721,6602,4974501,9541,6481,6189631,646
Free Cash Flow Growth
145.42%-13.64%--38.54%-24.40%-43.13%88.85%6.94%-12.11%19.22%31.56%-14.43%0.73%54.33%-53.27%18.71%29.36%-63.70%19.48%42.14%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
16.22%17.74%17.55%19.34%20.54%19.74%21.00%18.30%18.78%18.00%18.18%17.24%17.11%17.69%15.58%15.04%12.99%16.61%16.35%15.47%
Operating Margin
10.41%10.74%9.29%10.79%12.02%11.87%11.67%10.50%11.33%11.00%10.54%10.77%10.07%10.86%8.81%8.98%8.14%10.47%9.11%8.62%
Pretax Margin
7.93%7.60%5.45%6.91%7.99%8.38%8.10%7.33%10.70%8.23%7.86%5.42%7.32%7.99%7.23%6.12%6.58%7.21%6.33%5.90%
Profit Margin
5.90%4.30%3.43%4.81%5.67%5.97%5.16%5.37%5.70%5.04%5.86%2.25%4.35%5.28%5.12%3.92%4.70%5.67%4.40%3.21%
FCF Margin
7.88%5.26%-0.19%5.51%5.73%8.05%5.72%8.61%7.04%13.76%2.88%8.06%9.06%13.15%2.20%8.52%6.35%7.90%5.16%9.88%

Dividends
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Dividend Per Share
0.3400.3380.3350.3330.3300.3280.3250.3230.3200.3180.3150.3130.3100.3070.3050.2650.2300.2000.1750.152
Dividend Per Share Growth
3.03%3.05%3.08%3.10%3.13%3.15%3.17%3.20%3.23%3.25%3.28%17.93%34.78%53.75%74.29%73.77%50.82%31.15%14.75%0%
Dividend Yield
7.15%7.15%8.47%8.24%7.88%7.78%7.44%9.18%9.20%9.59%11.09%11.08%12.05%11.74%11.39%10.90%10.71%8.72%11.22%9.45%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
13.0316.1513.5713.6613.9213.9915.2711.9713.8814.9012.5113.3110.649.258.478.308.2411.294.905.32
Forward PE
12.8212.6911.1912.0213.5812.6915.1311.6211.0510.2410.8811.3410.478.018.267.656.978.106.227.41
P/FCF Ratio
12.6118.37-11.7510.9110.539.148.068.167.686.767.036.085.896.475.515.246.273.043.17
PS Ratio
0.610.720.660.740.770.780.810.660.650.650.550.560.490.440.410.390.380.490.380.44