Loading…
ET
Energy Transfer LP
F· Energy· Oil & Gas Midstream· CUSIP 29273V100
$20.04-0.45%Price as of Oct 23, 00:43 UTC · updated once a day, after the close
At a glance
Energy Transfer LP (ET) is classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Dallas, United States and has 22,311 employees. The company is worth $69B and trades at 13.7x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $85.54B in fiscal 2025, up 3.5% from the year before. Net income was $4.43B. The share price is 8.2% below its 52-week high of $21.84. It pays a dividend yielding 6.79%. 2 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to David Tepper (Appaloosa Management), at $30.14M. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Analysis
Articles on this site that cover Energy Transfer LP.
- Insider buying and selling, last 90 days: who used their own money, and who sold without a planPublished Oct 22, 2026
- The biggest insider purchases of the last 90 days, and why three-quarters of the “buying” does not countPublished Oct 11, 2026
- Energy Transfer (ET): Kelcy Warren bought $55 million of units in 12 months, and no insider soldPublished Oct 11, 2026
Key metrics
- Market cap
- $69B
- P/E
- 13.7x
- Forward P/E
- 11.5x
- P/B
- 2.2x
- Dividend yield
- 6.79%
- Payout
- 93.15%
- EPS
- $1.46
- ROE
- 14.56%
- Profit margin
- 4.92%
- Revenue growth
- +78.40%
- Beta
- 0.60
- 52-week high
- $21.84
- 52-week low
- $16.18
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Price over time
▲ +140.6% over 5Y.
today you would have $3,162.26▲ +216.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $16.49 | $19.59 | $13.80 | $11.87 | $8.23 | $6.18 | $12.83 | $13.21 | $17.26 | $19.31 | $13.74 | $28.69 | $20.43 | $11.37 | $10.15 | $9.77 | $7.64 | $4.05 |
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$17.47
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$9.91
Earnings growing 0.0% a year plus a 6.8% dividend yield. Growth capped at 25%.
Earnings
$21.52
Median P/E of 14.7 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
$15.56
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$92.56
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SLBSLB Limited | $49.55 | 23.9x | 2.8x | 2.38% | 12.91% | $73.54B |
| TRPTc Energy Corp | $61.98 | 24.5x | 3.6x | 4.02% | 11.83% | $64.57B |
| KMIKinder Morgan Inc | $33.72 | 20.9x | 2.4x | 3.50% | 10.99% | $75.09B |
| OXYOccidental Petroleum Corp | $62.50 |
About the company
- 22,311
- Dallas, United States