Energy Transfer LP
ET | NYSE
$20.82
-$0.32 (-1.51%)
Sep 21, 2026, 12:36 PM ET · Market open
Market Data
Market Cap $72.75B
Enterprise Value $142.76B
Beta 0.57
Average Volume 10.21M
Shares Outstanding (Diluted) 3.46B
Shares Change YoY 0.26%
Institutional Ownership 31.44%
Exchange NYSE
ISIN US29273V1008
Price Performance
Price Change 1M -1.9%
Price Change 3M 11.9%
Price Change 6M 10.9%
Price Change YTD 27.4%
Price Change 1Y 21.2%
Price Change 3Y 53.0%
Price Change 5Y 127.8%
1M CAGR (ann.) 4.0%
1Y CAGR (ann.) 29.7%
5Y CAGR (ann.) 27.6%
All-Time CAGR 13.3%
Valuation
PE Ratio 13.13
Forward PE 11.16
PEG Ratio 0.57
Forward PEG 77.36
PS Ratio 0.70
Forward PS 0.60
PB Ratio 1.44
P/FCF Ratio 10.83
P/Adj. FCF Ratio 11.10
P/OCF Ratio 6.01
EV/Sales 1.37
EV/EBIT 13.72
EV/EBITDA 9.81
EV/FCF 21.24
Earnings Yield 7.6%
FCF Yield 9.2%
Adj. FCF Yield 9.0%
Financial Health
Net Debt $71.64B
Total Debt $70.01B
Cash & Short-Term Investments $0
Total Assets $148.17B
Current Ratio 1.16
Quick Ratio 0.94
Debt / Equity Ratio 1.99
Debt / EBITDA 4.81
Debt / FCF 10.42
OCF / Debt 0.22
Interest Coverage 3.14
Altman Z-Score 1.41
Piotroski F-Score 7
Margins & Profitability
Gross Profit Margin 24.1%
Operating Profit Margin 10.6%
EBITDA Margin 13.9%
Net Profit Margin 5.6%
FCF Margin 6.4%
Adj. FCF Margin 6.3%
SBC / Revenue 0.2%
SBC Impact (per share) -2.5%
Returns
Return on Assets 3.9%
Return on Equity 16.8%
Return on Invested Capital 8.1%
Return on Capital Employed 8.6%
Return on Tangible Assets 4.3%
Historical Growth (CAGR)
Revenue CAGR 3Y 9.0%
Revenue CAGR 5Y 14.9%
Revenue CAGR 10Y 10.8%
EPS CAGR 3Y 10.3%
EPS CAGR 5Y 4.2%
EPS CAGR 10Y 4.0%
FCF CAGR 3Y 0.8%
FCF CAGR 5Y -2.9%
FCF CAGR 10Y 33.6%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 34
EPS Growth Next 3Y 6.4%
Revenue Growth Next 3Y 6.2%
Earnings Date Nov 3, 2026
EPS Estimate (next Q) $0.41
EPS Growth Est (next Q) 46.4%
Revenue Est (next Q) $30.97B
Revenue Growth Est (next Q) 55.2%
Fair Value Estimates
Graham Number $23.06
Graham Upside 9.1%
Lynch Fair Value $8.05
Lynch Upside -61.9%
Price Target $23
Price Target Upside 8.8%
Cash Flow
Operating Cash Flow $15.54B
Free Cash Flow $6.72B
Adj. Free Cash Flow $6.55B
FCF Per Share $1.52
OCF Per Share $3.52
OCF/S Ratio 11.6%
Income Statement
Revenue $104.47B
Gross Profit $25.19B
Operating Income $11.08B
EBITDA $14.56B
Net Income $5.82B
EPS (Diluted) $1.61
Revenue / Employee $4.68M
Profit / Employee $260.86K
Employees 22,311
Dividends
Annual Dividend $1.35
Dividend Yield 6.39%
Payout Ratio 83.5%
FCF Payout Ratio 88.5%
Adj. FCF Payout Ratio 90.8%
Dividend Growth (YoY) 3.1%
Pay Frequency Quarterly
Ex-Dividend Date Aug 6, 2026
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