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StockVS

TEX · Oil & Gas Midstream · USD

Energy Transfer LP (ET) Stock Analysis

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

Last Updated: October 21, 2026

ET

$20.13

+$0.58 (+2.97%)

Oct 21, 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 Oct 21, 2026
Trading
Open
$19.77
Previous Close
$19.55
Day's Range
19.77–20.23
52-Week Range
16.18–21.84
Volume
8.63M
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.
0.60
Valuation
Market Cap
$69.31B
P/E Ratio
13.79
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
11.54
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.
0.62
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.65
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
+29.10%
Dividend and dates
Dividend
$1.36+6.96%
Ex-Dividend Date
August 7, 2026
Earnings Date
November 3, 2026
Avg Volume
8.78M

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

Key facts

As of October 21, 2026, ET closed at $20.13, +29.10% over 1 year.

Energy Transfer LP (ET) has a market capitalization of $69.31B.

In fiscal 2025, ET reported revenue of $85.54B.

ET Stock Return by Calendar Year

Energy Transfer LP (ET) 10-year return: what $10,000 became

1 year
$10,000 $12,910
+29.10%
5 years
$10,000 $30,213
+202.13%
10 years
$10,000 $27,915
+179.15%

If you had invested $10,000 in Energy Transfer LP (ET) 10 years ago, at the close on October 21, 2016, it would have been worth $27,915 at the close on October 21, 2026: +179.15% in total, +10.81% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)+28.63%
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 October 21, 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 63 stocks
MetricETOil & Gas Midstream medianvs median
P/E13.7914.112% below
P/S ratio0.652.670.2x the median
Profit margin4.92%22.05%17.1 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 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 $69.31B 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 $21.84. The most recent close on file for ET is $20.13, dated October 21, 2026. That is +$0.58 (+2.97%) against the previous close. The latest close sits 24.41% 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 17.1 percentage points below the Oil & Gas Midstream median of 22.05%. 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 13.79. That is 2.27% below the Oil & Gas Midstream median of 14.11. The forward P/E on file is 11.54. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.62. Measured against sales, the shares trade at 0.65 times revenue. On price-to-sales that is 0.2 times the Oil & Gas Midstream median of 2.67. The medians here are taken across 63 Oil & Gas Midstream companies that report the metric.

Beta against the wider market is reported at 0.6. Daily returns over the trailing 10 years annualize to a volatility of 33.87%. The trailing one-year total return is +29.10%. Measured over 10 years, that is +10.81% a year compounded.

Growth & Income

ET pays a dividend yielding 6.96%. That is 1.5 percentage points above the Oil & Gas Midstream median yield of 5.41%. 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 total return is +28.63%.

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 $69.31B 13.8
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Energy Transfer LP trades at a P/E of 13.8.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 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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