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+12.0%
5Y+38.0%
10Y+197.0%
3Y+108.0%
5Y+71.0%
10Y-12.0%
3Y-84.0%
5Y-66.0%
10Y-114.0%
ET

Energy Transfer LP Cash Conversion Engine

ET ยท NYSE
Net Income5.71B
Depreciation & Amortization5.68B
Stock-Based Compensation148.00M
Change in Working Capital-1.98B
Others409.00M
Capital Expenditures-6.30B
Free Cash Flow3.85B

Cash Flow Quality Analysis

FCF Conversion Rate

67.4%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

62.1%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-47.6%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$1.98B

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

Energy Transfer LP Cash Flow Statement

ET โ€ข NYSE

Energy Transfer LP Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Aug 2007Aug 2006
OPERATING ACTIVITIES
5.7B
6.6B
5.3B
5.9B
6.7B
140M
3.5B
3.4B
2.4B
41M
1.1B
1.1B
315M
1.3B
528.2M
336.6M
697.9M
375M
319.4M
107.1M
5.7B
5.2B
4.4B
4.2B
3.8B
6.8B
3.1B
2.9B
2.6B
2.4B
2.1B
1.7B
1.3B
871M
611.8M
431.2M
325M
274.4M
198.1M
133.6M
178M
276M
203M
187M
141M
210M
217M
-7M
-1.9B
-201M
242M
-50M
43M
51M
-13.2M
13.9M
8.4M
-8.2M
-6.9M
-6.7M
148M
151M
130M
115M
111M
121M
0.0
105M
99M
70M
91M
82M
61M
47M
42.2M
31.2M
25.8M
24.3M
10.5M
60M
409M
-455M
-6M
219M
-109M
21M
1.7B
895M
1.5B
1.2B
727M
526M
836M
-614M
49.5M
14.5M
18.3M
26.6M
-14.6M
117.2M
(0.0)
(206M)
(103M)
(54M)
(41M)
(0.0)
(0.0)
(508M)
(50M)
(0.0)
(72M)
(345M)
(58M)
(23M)
(24M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2B
-196M
-451M
-1.5B
515M
47M
-391M
289M
-192M
-61M
-1.2B
-231M
-149M
-551M
158.1M
259.5M
-352M
131.6M
248.1M
-100.4M
10.1B
11.5B
9.6B
9.1B
11.2B
7.4B
8.2B
7.5B
4.4B
3.4B
3.1B
3.2B
2.4B
1.1B
1.4B
1.1B
723.5M
823.8M
754.5M
310.8M
INVESTING ACTIVITIES
-6.3B
-4.2B
-3.1B
-3.4B
-2.8B
-5.1B
-6B
-7.4B
-8.4B
-8.1B
-9.4B
-5.4B
-3.5B
-3.3B
-1.8B
-1.5B
-748.6M
-2.1B
-1.1B
-680.2M
-2.3B
-2.8B
-1.3B
-839M
-209M
-38M
-299M
(6M)
(2.6B)
-1.6B
-945M
-1.8B
(946M)
-1.4B
-2.1B
-437.8M
(30.4M)
-84.8M
-90.7M
-586.2M
(0.0)
-84M
(0.0)
(0.0)
-4M
-38M
-523M
-26M
-268M
-68M
-45M
-334M
-3M
-37M
(0.0)
(0.0)
(0.0)
(19.4M)
-993.9M
-4.7M
0.0
0.0
0.0
0.0
4M
38M
0.0
7.4B
3.5B
-7.9B
9.4B
5.4B
3.5B
3.3B
0.0
0.0
0.0
54.5M
0.0
6.9M
191M
1.2B
135M
198M
256M
270M
98M
-7.1B
-3B
8.2B
-9.1B
-4.7B
-3.3B
-2.8B
58.6M
117.8M
-627.5M
50.1M
23.1M
19.7M
-8.4B
-5.9B
-4.3B
-4B
-2.8B
-4.9B
-6.7B
-7.1B
-5.6B
-9.5B
-10.1B
-6.8B
-2.3B
-4.2B
-3.9B
-1.8B
-1.3B
-2B
-2.2B
-1.2B
FINANCING ACTIVITIES
0.0
-3.5B
0.0
0.0
858M
1.6B
755M
1.4B
3.8B
2.6B
3.9B
3.1B
1.8B
1.1B
1.9B
1.6B
936.3M
373.1M
372.4M
104.5M
4.8B
4.7B
714M
-843M
-6.1B
307M
2.4B
-118M
85M
7B
6.6B
4.5B
983M
4B
1.9B
261.7M
522M
1.3B
680.5M
928.8M
-4.7B
-4.6B
-4.2B
-3B
-1.9B
-2.8B
-3.1B
-1.7B
-1B
-1B
-1.1B
-819M
-731M
-666M
-1.3B
-1.1B
-852.1M
-435.9M
-277M
-101.3M
(0.0)
-3.5B
(0.0)
(0.0)
-31M
(0.0)
-25M
-24M
-53M
(0.0)
-1.1B
-1B
-340M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-369.4M
-1.9B
-2.1B
-1.8B
-1.2B
-438M
-1.5B
-1.7B
-1.3B
-1.9B
-29M
-1.6B
-2.9B
-106M
-1.1B
-785.2M
-2.1M
-390.6M
0.0
488.9M
-5.7M
-816M
-5.5B
-5.3B
-5.1B
-8.4B
-2.4B
-1.6B
-3.1B
953M
5.9B
6.8B
3.9B
146M
3.4B
2.5B
761M
598.6M
1.2B
1.5B
926.4M
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2.7B
93M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
960M
151M
-96M
-79M
-31M
76M
-128M
83M
-131M
-123M
-241M
257M
218M
246M
40.1M
17.9M
-23.7M
35.5M
51.1M
-7.3M
312M
161M
257M
336M
367M
291M
419M
336M
467M
606M
847M
590M
372M
126M
86.3M
68.3M
92M
56.6M
26.2M
33.5M
1.3B
312M
161M
257M
336M
367M
291M
419M
336M
483M
606M
847M
590M
372M
126.3M
86.3M
68.3M
92M
77.4M
26.2M
3.8B
7.3B
6.4B
5.7B
8.3B
2.2B
2.2B
99M
-4B
-4.7B
-6.3B
-2.2B
-1.1B
-2.2B
-433.5M
-423.1M
-25.2M
-1.2B
-342.2M
-369.4M

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