energy transfer operating lp - ET

ET

Close Chg Chg %
19.44 0.25 1.26%

Closed Market

19.69

+0.25 (1.26%)

Volume: 17.02M

Last Updated:

Mar 27, 2026, 3:59 PM EDT

Company Overview: energy transfer operating lp - ET

ET Key Data

Open

$19.46

Day Range

19.42 - 19.82

52 Week Range

14.60 - 19.82

Market Cap

$66.88B

Shares Outstanding

3.44B

Public Float

3.01B

Beta

0.64

Rev. Per Employee

N/A

P/E Ratio

16.07

EPS

$1.22

Yield

681.58%

Dividend

$0.34

EX-DIVIDEND DATE

Feb 6, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

14.97M

 

ET Performance

1 Week
 
2.26%
 
1 Month
 
3.18%
 
3 Months
 
19.63%
 
1 Year
 
3.90%
 
5 Years
 
145.15%
 

ET Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 23
Full Ratings ➔

About energy transfer operating lp - ET

Energy Transfer LP engages in natural gas pipeline transportation and transmission services. It operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. The Intrastate Transportation and Storage segment owns and operates natural gas transportation pipelines. The Interstate Transportation and Storage segment includes transportation pipelines, storage facilities, and gathering systems and delivery of natural gas to industrial end-users and other pipelines. The Midstream segment consists of natural gas gathering, compression, treating, processing, storage, and transportation. The NGL and Refined Products Transportation segment engages in the operations transport, store and execute acquisition, and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGL markets. The Crude Oil Transportation and Services segment provides transportation, terminalling, acquisition, and marketing services to crude oil markets. The Investment in Sunoco LP segment refers to the distribution of motor fuels to independent dealers, distributors, and other commercial customers and the distribution of motor fuels to end-user customers at retail sites. The Investment in USAC segment offers compression services to its customers in connection with infrastructure applications including both allowing for the processing and transportation of natural gas through the domestic pipeline system and enhancing crude oil production through artificial lift processes. The company was founded by Kelcy L. Warren in 1996 and is headquartered in Dallas, TX.

ET At a Glance

Energy Transfer LP
8111 Westchester Drive
Dallas, Texas 75225
Phone 1-214-981-0700 Revenue 85.54B
Industry Oil & Gas Pipelines Net Income 4.43B
Sector Industrial Services 2025 Sales Growth 3.466%
Fiscal Year-end 12 / 2026 Employees 22,311
View SEC Filings

ET Valuation

P/E Current 16.074
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 13.635
Price to Sales Ratio 0.665
Price to Book Ratio 1.829
Price to Cash Flow Ratio 5.57
Enterprise Value to EBITDA 9.597
Enterprise Value to Sales 1.682
Total Debt to Enterprise Value 0.487

ET Efficiency

Revenue/Employee 3,833,803.953
Income Per Employee 198,511.945
Receivables Turnover 7.47
Total Asset Turnover 0.64

ET Liquidity

Current Ratio 1.219
Quick Ratio 0.886
Cash Ratio 0.089

ET Profitability

Gross Margin 12.266
Operating Margin 10.887
Pretax Margin 7.082
Net Margin 5.178
Return on Assets 3.313
Return on Equity 12.748
Return on Total Capital 4.24
Return on Invested Capital 4.434

ET Capital Structure

Total Debt to Total Equity 203.948
Total Debt to Total Capital 67.10
Total Debt to Total Assets 49.452
Long-Term Debt to Equity 225.148
Long-Term Debt to Total Capital 66.841
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Energy Transfer Operating Lp - ET

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
89.88B 78.59B 82.67B 85.54B
Sales Growth
+33.31% -12.56% +5.20% +3.47%
Cost of Goods Sold (COGS) incl D&A
80.86B 69.34B 72.36B 75.04B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
4.16B 4.38B 5.17B 5.68B
Depreciation
3.77B 3.99B 4.70B 5.20B
Amortization of Intangibles
390.00M 399.00M 464.00M 479.00M
COGS Growth
+39.57% -14.24% +4.36% +3.71%
Gross Income
9.02B 9.24B 10.31B 10.49B
Gross Income Growth
-4.91% +2.52% +11.52% +1.77%
Gross Profit Margin
+10.03% +11.76% +12.47% +12.27%
2022 2023 2024 2025 5-year trend
SG&A Expense
1.02B 985.00M 1.18B 1.18B
Research & Development
- - - -
-
Other SG&A
1.02B 985.00M 1.18B 1.18B
SGA Growth
+24.45% -3.24% +19.49% +0.25%
Other Operating Expense
- - - -
-
Unusual Expense
(31.00M) 554.00M 1.00M 319.00M
EBIT after Unusual Expense
8.03B 7.71B 9.13B 8.99B
Non Operating Income/Expense
347.00M 469.00M 1.10B 539.00M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
257.00M 383.00M 379.00M 419.00M
Interest Expense
2.31B 2.58B 3.13B 3.47B
Interest Expense Growth
+1.72% +11.80% +21.22% +11.17%
Gross Interest Expense
2.42B 2.65B 3.25B 3.62B
Interest Capitalized
112.00M 77.00M 120.00M 150.00M
Pretax Income
6.07B 5.60B 7.11B 6.06B
Pretax Income Growth
-11.63% -7.82% +26.96% -14.75%
Pretax Margin
+6.76% +7.12% +8.60% +7.08%
Income Tax
204.00M 303.00M 541.00M 350.00M
Income Tax - Current - Domestic
17.00M 100.00M 265.00M 165.00M
Income Tax - Current - Foreign
- - - 7.00M
-
Income Tax - Deferred - Domestic
181.00M 203.00M 276.00M 154.00M
Income Tax - Deferred - Foreign
- - 6.00M 24.00M
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
257.00M 383.00M 379.00M 419.00M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
5.87B 5.29B 6.57B 5.71B
Minority Interest Expense
1.12B 1.36B 1.75B 1.28B
Net Income
4.75B 3.93B 4.81B 4.43B
Net Income Growth
-13.03% -17.26% +22.33% -7.92%
Net Margin Growth
+5.29% +5.00% +5.82% +5.18%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
4.75B 3.93B 4.81B 4.43B
Preferred Dividends
422.00M 463.00M 416.00M 256.00M
Net Income Available to Common
4.33B 3.47B 4.39B 4.17B
EPS (Basic)
1.4028 1.0972 1.2942 1.2156
EPS (Basic) Growth
-25.93% -21.79% +17.95% -6.07%
Basic Shares Outstanding
3.09B 3.16B 3.40B 3.43B
EPS (Diluted)
1.3981 1.0915 1.2843 1.2094
EPS (Diluted) Growth
-26.05% -21.93% +17.66% -5.83%
Diluted Shares Outstanding
3.10B 3.18B 3.42B 3.45B
EBITDA
12.16B 12.64B 14.30B 14.99B
EBITDA Growth
-2.56% +3.95% +13.07% +4.87%
EBITDA Margin
+13.53% +16.09% +17.30% +17.53%

Snapshot

Average Recommendation BUY Average Target Price 22.079
Number of Ratings 23 Current Quarters Estimate 0.374
FY Report Date 03 / 2026 Current Year's Estimate 1.565
Last Quarter’s Earnings 0.25 Median PE on CY Estimate N/A
Year Ago Earnings 1.21 Next Fiscal Year Estimate 1.688
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 12 12 14 14
Mean Estimate 0.37 0.36 1.57 1.69
High Estimates 0.45 0.43 2.27 2.54
Low Estimate 0.29 0.28 1.17 1.26
Coefficient of Variance 13.23 11.89 16.46 19.35

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 15 13 15
OVERWEIGHT 5 5 3
HOLD 3 3 3
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Overweight Buy

Energy Transfer Operating Lp in the News