Energy Transfer LP

Energy Transfer LP

ETยทNYSE

$19.55

+1.5%
EnergyOil & Gas Midstream

Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. The company owns and operates natural gas gathering and natural gas liquid (NGL) pipeline, processing plant, and treating and conditioning facilities in Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana; natural gas gathering, oil pipeline, and oil stabilization facilities in South Texas; and a natural gas gathering system in Ohio, as well as transport and supplies water to natural gas producer in Pennsylvania. It owns approximately 5,215 miles of NGL pipeline; NGL and propane fractionation facilities; NGL storage facilities with working storage capacity of approximately 50 million barrels (MMBbls); and other NGL storage assets and terminal with an aggregate storage capacity of approximately 17 MMBbls. The company provides crude oil transportation, terminalling, acquisition, and marketing activities; and sells and distributes gasoline, middle distillate, and motor fuels and other petroleum product. It offers natural gas compression service; carbon dioxide and hydrogen sulfide removal, natural gas cooling, dehydration, and British thermal unit management service; and manages coal and natural resources properties, as well as sells standing timber, leases coal-related infrastructure facilities, collects oil and gas royalty, and generate electrical power. The company was formerly known as Energy Transfer Equity, L.P. and changed its name to Energy Transfer LP in October 2018. The company was founded in 1996 and is headquartered in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$67.27B
EPS1.3600
P/E Ratio14.38
Earnings Date08/05/2026
1.74%
Dividend Yield
-14%
3Y-33.0%
5Y-11.0%
10Y+9.0%
91.91%
Dividend Payout Ratio
10%
3Y+2.0%
5Y+644.0%
10Y-8.0%
3Y+31.0%
5Y+201.0%
10Y+308.0%
Energy Transfer LP

Energy Transfer LP Dividend History

ET ยท NYSE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%

ET Dividend Payment History

ET ยท NYSE

Total Payments

50

Latest Dividend

$0.3380

Annual Amount

$1.6625

Frequency

Quarterly

DeclarationEx-DatePayment DateDividendAdjustedFrequencyGrowth
Apr 27, 2026
May 8, 2026May 20, 2026
$0.3380
$0.3380
Quarterly+0.90%
Jan 27, 2026
Feb 6, 2026Feb 19, 2026
$0.3350
$0.3350
Quarterly+0.90%
Oct 28, 2025
Nov 7, 2025Nov 19, 2025
$0.3320
$0.3320
Quarterly+0.61%
Jul 24, 2025
Aug 8, 2025Aug 19, 2025
$0.3300
$0.3300
Quarterly+0.61%
Apr 23, 2025
May 9, 2025May 20, 2025
$0.3280
$0.3280
Quarterly+0.92%
Jan 27, 2025
Feb 7, 2025Feb 19, 2025
$0.3250
$0.3250
Quarterly+0.93%
Oct 28, 2024
Nov 8, 2024Nov 19, 2024
$0.3220
$0.3220
Quarterly+0.63%
Jul 25, 2024
Aug 9, 2024Aug 19, 2024
$0.3200
$0.3200
Quarterly+0.63%
Apr 24, 2024
May 13, 2024May 20, 2024
$0.3180
$0.3180
Quarterly+0.95%
Jan 25, 2024
Feb 7, 2024Feb 20, 2024
$0.3150
$0.3150
Quarterly+0.96%
Oct 20, 2023
Oct 30, 2023Nov 20, 2023
$0.3120
$0.3120
Quarterly+0.65%
Jul 25, 2023
Aug 14, 2023Aug 21, 2023
$0.3100
$0.3100
Quarterly+0.65%
Apr 26, 2023
May 8, 2023May 22, 2023
$0.3080
$0.3080
Quarterly+0.98%
Jan 25, 2023
Feb 7, 2023Feb 21, 2023
$0.3050
$0.3050
Quarterly+15.09%
Oct 25, 2022
Nov 4, 2022Nov 21, 2022
$0.2650
$0.2650
Quarterly+15.22%
Jul 26, 2022
Aug 8, 2022Aug 19, 2022
$0.2300
$0.2300
Quarterly+15.00%
Apr 26, 2022
May 9, 2022May 19, 2022
$0.2000
$0.2000
Quarterly+14.29%
Jan 25, 2022
Feb 8, 2022Feb 18, 2022
$0.1750
$0.1750
Quarterly+15.13%
Oct 26, 2021
Nov 5, 2021Nov 19, 2021
$0.1530
$0.1520
Quarterly0.00%
Jul 22, 2021
Aug 6, 2021Aug 19, 2021
$0.1530
$0.1520
Quarterly0.00%
Apr 22, 2021
May 11, 2021May 19, 2021
$0.1530
$0.1520
Quarterly0.00%
Jan 28, 2021
Feb 8, 2021Feb 19, 2021
$0.1520
$0.1520
Quarterly0.00%
Oct 26, 2020
Nov 6, 2020Nov 19, 2020
$0.1520
$0.1520
Quarterly-50.16%
Jul 28, 2020
Aug 7, 2020Aug 19, 2020
$0.3050
$0.3050
Quarterly0.00%
Mar 31, 2020
May 7, 2020May 19, 2020
$0.3050
$0.3050
Quarterly0.00%
Jan 27, 2020
Feb 7, 2020Feb 19, 2020
$0.3050
$0.3050
Quarterly0.00%
Oct 24, 2019
Nov 5, 2019Nov 19, 2019
$0.3050
$0.3050
Quarterly0.00%
Jul 25, 2019
Aug 6, 2019Aug 19, 2019
$0.3050
$0.3050
Quarterly0.00%
Apr 25, 2019
May 7, 2019May 20, 2019
$0.3050
$0.3050
Quarterly0.00%
Jan 29, 2019
Feb 8, 2019Feb 19, 2019
$0.3050
$0.3050
Quarterly0.00%
Oct 29, 2018
Nov 8, 2018Nov 19, 2018
$0.3050
$0.3050
Quarterly0.00%
Jul 26, 2018
Aug 6, 2018Aug 20, 2018
$0.3050
$0.3050
Quarterly0.00%
Apr 26, 2018
May 7, 2018May 21, 2018
$0.3050
$0.3050
Quarterly0.00%
Jan 29, 2018
Feb 8, 2018Feb 20, 2018
$0.3050
$0.3050
Quarterly+3.39%
Oct 26, 2017
Nov 7, 2017Nov 20, 2017
$0.2950
$0.2950
Quarterly+3.51%
Jul 27, 2017
Aug 7, 2017Aug 21, 2017
$0.2850
$0.2850
Quarterly0.00%
Apr 28, 2017
May 10, 2017May 19, 2017
$0.2850
$0.2850
Quarterly0.00%
Jan 26, 2017
Feb 7, 2017Feb 20, 2017
$0.2850
$0.2850
Quarterly0.00%
Oct 27, 2016
Nov 7, 2016Nov 18, 2016
$0.2850
$0.2850
Quarterly0.00%
Jul 28, 2016
Aug 8, 2016Aug 19, 2016
$0.2850
$0.2850
Quarterly0.00%
Apr 26, 2016
May 6, 2016May 19, 2016
$0.2850
$0.2850
Quarterly0.00%
Jan 27, 2016
Feb 8, 2016Feb 19, 2016
$0.2850
$0.2850
Quarterly0.00%
Oct 26, 2015
Nov 5, 2015Nov 19, 2015
$0.2850
$0.2850
Quarterly+7.55%
Jul 23, 2015
Aug 6, 2015Aug 19, 2015
$0.2650
$0.2650
Quarterly+8.16%
Apr 28, 2015
May 8, 2015May 19, 2015
$0.4900
$0.2450
Quarterly+8.89%
Jan 26, 2015
Feb 6, 2015Feb 19, 2015
$0.4500
$0.2250
Quarterly+8.17%
Oct 21, 2014
Nov 3, 2014Nov 19, 2014
$0.4150
$0.2080
Quarterly+9.47%
Jul 24, 2014
Aug 4, 2014Aug 19, 2014
$0.3800
$0.1900
Quarterly+5.56%
Apr 23, 2014
May 5, 2014May 19, 2014
$0.3590
$0.1800
Quarterly+4.05%
Jan 29, 2014
Feb 7, 2014Feb 19, 2014
$0.3460
$0.1730
Quarterly-
et

Energy Transfer LP Payout Ratio Analysis

ET ยท NYSE
Dividends Paid
-4.72B
2025
Net Income
4.90B
2025
Payout Ratio
96.41%
2025

Dividend Sustainability Analysis

Payout Ratio
96.41%

Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.

FCF Payout Ratio
122.9%

FCF insufficient to cover dividends. Company relying on borrowing, asset sales, or cash reserves to maintain payout. Unsustainable long-term.

Dividend Growth
-2.2%

Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.

Sustainability
At Risk

Dividend appears unsustainable based on current metrics. High probability of reduction or elimination. Proceed with caution.

Key Insight

Unsustainable dividend: Company paying out more than it generates in earnings or free cash flow. Dividend cut highly probable unless management takes corrective action or earnings recover dramatically.