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    E

    Energy Transfer LP (ET)

    Official site

    ENERGY • OIL & GAS MIDSTREAM • NYSE

    $20.90
    +0.19 (+0.92%)

    Market Cap: $71.31B

    Last updated: Oct 30, 2026 at 1:26 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    46%(18/39)
    Avg Surprise
    +6.56%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.41
    Range$0.35 - $0.48
    12 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.37+9.6%
    60d ago$0.41-0.7%
    30d ago$0.40+0.8%
    7d ago$0.40+1.7%
    Current$0.41
    Revenue Consensus
    $32.4B
    Range$27.5B - $36.3B
    8 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.58
    Range$0.48 - $0.73
    15 analysts
    Revenue Consensus
    $35.3B
    Range$11.7B - $47.6B
    12 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.58---
    Sep 26EST
    		-$0.41---
    Jun 26
    Reported Aug 4
    		$0.59$0.39+51.28%Beat+84.4%
    Mar 26
    Reported May 5
    		$0.35$0.37-5.41%Miss-5.4%
    Dec 25
    Reported Feb 17
    		$0.33$0.30+10.00%Beat+13.8%
    Sep 25
    Reported Nov 5
    		$0.28$0.33-15.15%Miss-12.5%
    Jun 25
    Reported Aug 6
    		$0.32$0.27+18.52%Beat+60.0%
    Mar 25
    Reported May 6
    		$0.37$0.27+37.04%Beat+15.6%
    Dec 24
    Reported Feb 11
    		$0.29$0.32-9.38%Miss-21.6%
    Sep 24
    Reported Nov 6
    		$0.32$0.22+45.45%Beat+113.3%
    Jun 24
    Reported Aug 7
    		$0.20$0.28-28.57%Miss-23.1%
    Mar 24
    Reported May 8
    		$0.32$0.39-17.95%Miss+0.0%
    Dec 23
    Reported Feb 14
    		$0.37$0.34+8.82%Beat+8.8%
    Sep 23
    Reported Nov 1
    		$0.15$0.25-40.00%Miss-57.1%
    Jun 23
    Reported Aug 2
    		$0.26$0.24+8.33%Beat-33.3%
    Mar 23
    Reported May 2
    		$0.32$0.31+3.23%Beat-31.9%
    Dec 22
    Reported Feb 15
    		$0.34$0.38-10.53%Miss+13.3%
    Sep 22
    Reported Nov 1
    		$0.35$0.26+34.62%Beat+75.0%
    Jun 22
    Reported Aug 3
    		$0.39$0.24+62.50%Beat+95.0%
    Mar 22
    Reported May 4
    		$0.47$0.16+193.75%Beat-61.5%
    Dec 21
    Reported Feb 16
    		$0.30$0.22+36.36%Beat+36.4%
    Sep 21
    Reported Nov 3
    		$0.20$0.23-13.04%Miss+169.0%
    Jun 21
    Reported Aug 3
    		$0.20$0.23-13.04%Miss+53.8%
    Mar 21
    Reported May 6
    		$1.22$0.30+306.67%Beat+510.0%
    Dec 20
    Reported Feb 17
    		$0.22$0.22+0.00%Beat-42.1%
    Sep 20
    Reported Nov 4
    		$-0.29$0.26-211.54%Miss-190.6%
    Jun 20
    Reported Aug 5
    		$0.13N/A-51.85%Miss-60.6%
    Mar 20
    Reported May 11
    		$0.20$0.33-39.39%Miss-42.9%
    Dec 19
    Reported Feb 19
    		$0.38$0.37+2.70%Beat+46.2%
    Sep 19
    Reported Nov 6
    		$0.32$0.36-11.11%Miss+0.0%
    Jun 19
    Reported Aug 7
    		$0.33$0.36-8.33%Miss+3.1%
    Mar 19
    Reported May 8
    		$0.35$0.36-2.78%Miss-40.7%
    Dec 18
    Reported Feb 20
    		$0.26$0.33-21.21%Miss+4.0%
    Sep 18
    Reported Nov 7
    		$0.32$0.34-5.88%Miss+60.0%
    Jun 18
    Reported Aug 8
    		$0.32$0.36-11.11%Miss+77.8%
    Mar 18
    Reported May 9
    		$0.59$0.33+78.79%Beat+168.2%
    Dec 17
    Reported Feb 21
    		$0.25$0.25+0.00%Beat+78.6%
    Sep 17
    Reported Nov 7
    		$0.20N/A-69.23%Miss-
    Jun 17
    Reported Aug 8
    		$0.18$0.26-30.77%Miss-
    Mar 17
    Reported May 3
    		$0.22$0.19+15.79%Beat-
    Dec 16
    Reported Feb 22
    		$0.14$0.24-41.67%Miss-

    Dividends

    Dividend Metrics

    Forward Yield6.51%
    Forward Annual Dividend$1.36
    Payout Ratio38.21%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+14.76%
    5Y CAGR+4.26%
    ET dividend history and ex-dividend datesRun ET in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio13.48EV/EBITDA8.22x
    Price/FCF13.79xFCF Yield7.25%
    Profitability
    Profit Margin4.92%Operating Margin10.40%
    ROE14.60%ROIC9.70%
    Financial Health
    Debt/Equity1.94xInterest Coverage2.93x
    Current Ratio1.16xQuick Ratio0.94x
    Trading Statistics
    Beta0.60Avg Volume8.09M
    52-Week High$21.8452-Week Low$15.36

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$20.32
    SMA 20$20.38
    SMA 50$20.77
    SMA 200$19.34
    EMA 10$20.46
    EMA 20$20.43
    EMA 50$20.47
    EMA 200$19.37

    MACD

    Line: -0.01Signal: -0.11Hist: 0.10

    ADX

    ADX: 25.3+DI: 17.6-DI: 15.8

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down72.0
    PSAR$19.65

    Bollinger Bands

    Upper Band$21.03
    Lower Band$19.73
    %B Position635%(Upper)
    Band Width0.90

    RSI (14-Day)

    Neutral
    57.3

    Momentum Oscillators

    Stoch %K82.2
    Stoch %D79.6
    Williams %R-8.2
    ROC (10d)5.1%
    Momentum1.02
    CCI (20d)160.1
    MFI (14d)48.8

    Volatility Measures

    ATR (14d)$0.43(2.1%)
    StdDev (20d)0.32
    Hist Vol23.4%(Moderate)

    Volume Flow

    VWAP$20.88
    OBV77.2M
    AD Line-24.0B
    CMF (20d)0.044

    Volume Metrics

    Avg Vol (20d)7.8M
    Vol Ratio1.2x
    VWMA (20d)$20.36

    Pivot Points

    R3$21.49
    R2$21.21
    R1$20.96
    Pivot Point$20.69
    S1$20.44
    S2$20.16
    S3$19.91

    Advanced Oscillators

    TSI-1.14
    Ultimate Osc57.5
    KST-21.66

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$34.33B$27.77B$25.32B$19.95B$19.24B$21.02B$19.54B$20.77B$20.73B$21.63B$20.53B$20.74B
    Cost of Revenue$26.94B$21.15B$19.42B$14.56B$13.95B$15.57B$14.16B$15.61B$15.61B$16.60B$15.78B$16.06B
    Gross Profit$7.40B$6.62B$5.90B$5.39B$5.30B$5.45B$5.38B$5.16B$5.12B$5.03B$4.75B$4.68B
    Operating Expenses$3.82B$3.64B$3.83B$3.24B$2.99B$2.96B$3.12B$2.98B$2.22B$2.65B$1.96B$3.07B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$2.25B$2.06B$2.06B$1.80B$1.60B$1.59B$1.73B$1.66B$1.56B$1.40B$1.43B$1.34B
    Operating Income$3.57B$2.98B$2.08B$2.15B$2.31B$2.49B$2.28B$2.18B$2.30B$2.38B$2.17B$2.23B
    Interest Income$108.00M$110.00M$106.00M$116.00M$105.00M$92.00M$94.00M$102.00M$85.00M$98.00M$97.00M$103.00M
    Interest Expense$934.00M$954.00M$913.00M$902.00M$882.00M$811.00M$808.00M$828.00M$768.00M$733.00M$684.00M$632.00M
    Income Before Tax$2.72B$2.11B$1.38B$1.38B$1.54B$1.76B$1.58B$1.52B$2.22B$1.78B$1.61B$1.12B
    Income Tax Expense$194.00M$135.00M$143.00M$87.00M$79.00M$41.00M$136.00M$89.00M$227.00M$89.00M$47.00M$77.00M
    Net Income$2.53B$1.98B$1.24B$1.29B$1.46B$1.72B$1.45B$1.43B$1.99B$1.69B$1.57B$1.05B
    EBITDA$5.13B$4.54B$3.68B$3.60B$3.70B$3.85B$3.68B$3.57B$3.52B$3.67B$2.73B$3.38B
    EBIT$3.55B$2.96B$2.19B$2.17B$2.31B$2.48B$2.31B$2.25B$2.30B$2.42B$1.58B$2.28B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $18.53M
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    1
    New Awards (TTM)
    1
    Avg Remaining Term
    N/A

    Top agency: Department of Energy at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    89243526CCR000075Department of EnergyDepartment of Energy$18.53MNov 5, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Sep 30, 2026.

    News

    Energy Transfer LP (NYSE:ET) Stock Has Consensus Target Price of $24.36 According to Brokerages

    Energy Transfer LP (NYSE:ET) has received a "Moderate Buy" consensus from analysts, with an average 12-month price target of $24.36...

    MarketBeat•10/5/26•Bullish

    Energy Transfer's 2020 Dividend Cut Still Haunts Some Investors. Here's Whether That Risk Is Still Real.

    Energy Transfer's 2020 dividend cut during the coronavirus pandemic still concerns some investors. However, the company has since recommitted to payout growth...

    The Motley Fool•10/3/26•Bullish

    Energy Transfer (NYSE:ET) Stock Jumps 1.8% - Here's Why

    Energy Transfer (NYSE:ET) stock rose 1.8% to $20.455 on Friday, with trading volume slightly below average. The company has a "Moderate Buy" consensus rating from analysts, with an average price target of $24.36...

    MarketBeat•10/2/26•Bullish

    Energy Transfer (NYSE:ET) Stock Jumps 1.7% - Here's What Happened

    Energy Transfer (NYSE:ET) shares rose 1.7% to $20.10, with the company maintaining a "Moderate Buy" consensus rating and an average price target of $24.36. The company reported strong quarterly results...

    MarketBeat•10/1/26•Bullish

    98,624 Energy Transfer LP $ET Shares Acquired by Envestnet Asset Management Inc.

    Envestnet Asset Management Inc. increased its stake in Energy Transfer LP by 8.6%, acquiring 98,624 additional shares...

    MarketBeat•9/30/26•Bullish

    ET Valuation and Fair Value

    P/E
    13.5x
    Forward P/E
    12.4x
    EV/EBITDA
    8.2x
    P/FCF
    13.8x
    PEG
    0.6x
    P/B
    2.0x
    See GNG's fair value

    ET Profitability: Margins, ROIC and FCF

    Gross margin
    23.6%
    Operating margin
    10.4%
    Net margin
    4.9%
    ROIC
    9.7%
    ROE
    14.6%
    FCF yield
    7.3%

    ET Competitors

    CompanyTicker
    Kinder Morgan IncKMI
    Imperial Oil LtdIMO
    Schlumberger NVSLB
    TC Energy CorpTRP
    Enterprise Products Partners LPEPD
    Targa Resources IncTRGP
    Eni SpA ADRE
    Occidental Petroleum CorporationOXY

    Sector: Energy

    ET Analyst Ratings

    Consensus
    Buy
    Analysts
    23
    Strong Buy
    5
    Buy
    15
    Hold
    3
    Sell
    0
    Strong Sell
    0

    ET Bull Case vs Bear Case

    Bull case

    • ET grew quarterly revenue 78.4% year over year.
    • 87.0% of ET's analyst ratings are Buy or Strong Buy.

    ET Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    16.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.41
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    ET Dividend

    Forward yield
    6.5%
    Payout ratio
    38.2%
    3Y DPS growth
    14.8%
    5Y DPS growth
    4.3%
    Pay months
    Feb, May, Aug, Nov
    ET dividend history

    Frequently Asked Questions About ET

    What is ET's current dividend yield?

    Energy Transfer LP (ET) has a forward dividend yield of 6.51%.

    Does ET pay dividends?

    Yes, Energy Transfer LP pays dividends with a forward dividend yield of 6.51%.

    What is ET's P/E ratio?

    Energy Transfer LP has a price-to-earnings (P/E) ratio of 13.48.

    What is ET's market cap?

    Energy Transfer LP (ET) has a market capitalization of $71.31B with a current stock price of $20.90.

    Related stocks

    Sector: Energy

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