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
3Y-8.0%
5Y+112.0%
10Y+120.0%
3Y+3.0%
5Y-856.0%
10Y+393.0%
3Y+12.0%
5Y+38.0%
10Y+197.0%
Energy Transfer LP

Energy Transfer LP Profit Bridge

ET ยท NYSE
Revenue82.63B
Cost of Goods Sold (64.62B)
Gross Profit18.01B
Operating Expenses (8.57B)
Operating Income9.44B
Interest Expense (3.32B)
Other Income/Expense-3.15B
Pretax Income6.29B
Income Tax (222.00M)
Net Income4.90B
Net Income
4.90B

Profitability Analysis

Gross Margin

21.8%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

11.4%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

5.9%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

3.5%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

Energy Transfer LP Income Statement

ET โ€ข NYSE

Energy Transfer LP Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Aug 2007Aug 2006
REVENUE
82.6B
82.7B
78.6B
89.9B
67.4B
39B
54.2B
54.1B
40.5B
37.5B
42.1B
55.7B
48.3B
17B
8.2B
6.6B
5.4B
9.3B
6.8B
7.9B
GROSS PROFIT
(64.6B)
(67B)
(64.8B)
(76.6B)
(54B)
(28.7B)
(43.1B)
(44.7B)
(33.6B)
(25.9B)
(30.7B)
(50.4B)
(44.1B)
(14.2B)
(6.1B)
(4.1B)
(3.1B)
(7.7B)
(5.1B)
(7B)
18B
15.7B
13.8B
13.3B
13.4B
10.2B
11.1B
9.4B
6.9B
5.9B
5.4B
5.3B
4.2B
2.8B
2.1B
2.5B
2.3B
1.6B
1.7B
867.8M
OPERATING INCOME
(8.6B)
(6.6B)
(5.5B)
(5.6B)
(4.7B)
(7.3B)
(3.9B)
(4B)
(4.2B)
(4B)
(3.1B)
(2.8B)
(2.7B)
(340M)
(904M)
(1.5B)
(1.2B)
(474.6M)
(904.5M)
(292.3M)
(1B)
(1.3B)
(1.1B)
(1B)
(818M)
(711M)
(694M)
(702M)
(599M)
(791M)
(803M)
(744M)
(660M)
(517M)
(292.2M)
(234.3M)
(178.9M)
(200.2M)
(713.1M)
(162.6M)
9.4B
9.1B
8.3B
7.7B
8.8B
3B
7.2B
5.4B
2.7B
1.9B
2.3B
2.5B
1.6B
1.4B
1.2B
1B
1.1B
1.1B
809.3M
575.5M
PRE-TAX INCOME
(3.3B)
(3.1B)
(2.6B)
(2.3B)
(2.3B)
(2.3B)
(2.3B)
(2.1B)
(1.9B)
(1.8B)
(1.6B)
(1.4B)
(1.2B)
(1.1B)
(739.8M)
(624.9M)
(468.4M)
(357.5M)
(316.4M)
(150.6M)
-3.3B
-3.1B
-2.6B
-2.3B
-2.3B
-2.3B
-2.3B
-2.1B
-1.9B
-1.8B
-1.6B
-1.4B
-1.2B
-1.1B
-740M
-625M
-468.4M
-357.5M
0.0
0.0
(7.5B)
(5.2B)
(4.4B)
(4.6B)
(3.8B)
(6.6B)
(3.2B)
(3.3B)
(3.6B)
(3.3B)
(2.3B)
(2.1B)
(2B)
(0.0)
(611.8M)
(1.2B)
(1B)
(274.4M)
(191.4M)
(129.6M)
-3.2B
-2B
-2.7B
-1.7B
-1.9B
-2.6B
-2.2B
-1.8B
-2B
-1.6B
-1.4B
-1.1B
-1.2B
77M
-689.7M
-685.2M
-403.3M
-415.3M
-246M
-141.6M
6.3B
7.1B
5.6B
6.1B
6.9B
377M
5B
3.6B
710M
-176M
993M
1.4B
375M
1.4B
545.1M
351.6M
707.1M
683.6M
563.4M
433.9M
NET INCOME
(222M)
(541M)
(303M)
(204M)
(184M)
(237M)
(195M)
(4M)
-1.8B
-217M
-100M
(357M)
(93M)
(54M)
(16.9M)
(13.7M)
(9.2M)
(3.8M)
(11.4M)
(23M)
4.9B
4.8B
3.9B
4.8B
5.5B
-648M
3.5B
1.7B
954M
995M
1.2B
633M
196M
304M
309.8M
192.8M
442.5M
375M
319.4M
107.1M

SEC Filings

ET - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 03, 2026
June 01, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 17, 2026
February 17, 2026
2026
8-K

8-K 2026

N/A

January 27, 2026
January 27, 2026
2026
8-K

8-K 2026

N/A

January 13, 2026
January 12, 2026
2026
8-K

8-K 2026

N/A

January 06, 2026
January 06, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 05, 2025
November 05, 2025
2025
Showing 1 to 10 of 516 filings