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StockVS

NYSE · Oil & Gas Midstream · USD

Energy Transfer LP (ET) Stock Analysis

Energy Transfer LP (ET) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

ET

$21.50

+$0.06 (+0.28%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ET Key Statistics

As of Sep 4, 2026
Trading
Open
$21.38
Previous Close
$21.44
Day's Range
21.26–21.55
52-Week Range
16.18–21.77
Volume
6.01M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.57
Valuation
Market Cap
$74.03B
P/E Ratio
14.73
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.29
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.66
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.69
EPS (ttm)Profit attributable to each share over the last twelve months.
1.46
Financials (FY)
Revenue (FY)
$85.54B+3.47%
Net Income (FY)
$4.43B−7.91%
Profit marginThe share of revenue left as profit after all costs and taxes.
4.92%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
3.44B
1-Year Return
+30.94%
Dividend and dates
Dividend
$1.36+6.34%
Ex-Dividend Date
August 7, 2026
Earnings Date
November 4, 2026estimated
Avg Volume
8.75M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

ET Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+37.38%
2025−9.36%
2024+53.88%
2023+27.88%
2022+55.74%
2021+42.99%
2020−44.92%
2019+5.88%
2018−17.74%
2017−4.65%
2016 (partial year)+17.23%

As of September 4, 2026.

ET Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$85.54B$4.43B5.2%
2024$82.67B$4.81B5.8%
2023$78.59B$3.94B5.0%
2022$89.88B$4.76B5.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$85.54B$16.36B$9.31B$4.43B5.2%
2024$82.67B$15.53B$9.19B$4.81B5.8%
2023$78.59B$13.66B$8.31B$3.94B5.0%
2022$89.88B$13.48B$8.12B$4.76B5.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

ET Dividend History

$1.32+3.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$1.013—
2025$1.324+3.1%
2024$1.284+3.2%
2023$1.244+42.1%
YearDividends per sharePaymentsChange
2026 (partial year)$1.013—
2025$1.324+3.1%
2024$1.284+3.2%
2023$1.244+42.1%
2022$0.874+42.2%
2021$0.614−42.7%
2020$1.074−12.5%
2019$1.224+0.0%
2018$1.224+6.1%
2017$1.154+303.5%
2016$0.291—

Most recent payment: $0.34 per share, ex-dividend August 7, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

ET Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricETOil & Gas Midstream medianvs median
P/E14.7315.545% below
P/S ratio0.692.650.3x the median
Profit margin4.92%20.00%15.1 pts below

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Energy Transfer LP (ET) is capitalised at $74.03B on the latest close. It is classified in the Oil & Gas Midstream industry, within the Energy sector. Headcount on file is 22,311.

The 52-week range on file runs from $16.18 to $21.77. The most recent close on file for ET is $21.50, dated September 4, 2026. That is +$0.06 (+0.28%) against the previous close. The latest close sits 32.88% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $85.54B. Against the prior fiscal year total of $82.67B, that is a change of +3.47%. Net income for the same year was $4.43B. That is −7.91% against the prior fiscal year. The reported profit margin is 4.92%. That is 15.1 percentage points below the Oil & Gas Midstream median of 20%. Earnings per share on a trailing basis come to 1.46.

Across the 4 fiscal years on file, revenue moves from $89.88B in 2022 to $85.54B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

ET trades at a trailing price-to-earnings ratio of 14.73. That is 5.21% below the Oil & Gas Midstream median of 15.54. The forward P/E on file is 12.29. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.66. Measured against sales, the shares trade at 0.69 times revenue. On price-to-sales that is 0.3 times the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

Beta against the wider market is reported at 0.57. Daily returns over the trailing 10 years annualize to a volatility of 34.03%. The trailing one-year price return is +30.94%. Measured over 10 years, that is +10.67% a year compounded.

Growth & Income

ET pays a dividend yielding 6.34%. That is 1 percentage points above the Oil & Gas Midstream median yield of 5.35%. The indicated annual rate is $1.36 a share. The ex-dividend date on file is August 7, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.01 a share. The year before, 2025, totalled $1.32 a share.

The strongest complete calendar year on file is 2022 at +55.74%; the weakest is 2020 at −44.92%. Of the 9 complete calendar years on file, 5 finished higher. So far in 2026 the price is +37.38%.

Peer Comparison

Energy Transfer LP (ET) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Energy Transfer LP ET $74.03B 14.7
Enbridge Inc. ENB $109.40B 26.9
The Williams Companies, Inc. WMB $90.70B 29.5
Enterprise Products Partners L.P. EPD $84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. Energy Transfer LP trades at a P/E of 14.7.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Energy Transfer LP

Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments. The company owns and operates natural gas transportation pipelines and storage facilities; and approximately 12,200 miles of intrastate natural gas transportation pipelines and 20,090 miles of interstate natural gas pipelines. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plants, and treating and conditioning facilities; and natural gas gathering, compression, treating, dehydration and processing, oil pipeline facilities. Further, it owns 5,700 miles of NGL pipelines; NGL fractionation and storage facilities; and other NGL storage assets and terminals. Additionally, the company provides crude oil transportation, terminalling, trucking, acquisition, and marketing activities; owns and operates approximately 18,000 miles of crude oil trunk and gathering pipelines; and sells and distributes motor fuels and other petroleum products under the Sunoco and EcoMaxx brands. It also offers natural gas compression; wholesale power trading; and carbon dioxide and hydrogen sulfide removal services, as well as management of coal and natural resources properties; sells standing timber; leases coal-related infrastructure facilities; and collects oil and gas royalties. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. Energy Transfer LP was founded in 1996 and is headquartered in Dallas, Texas.

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