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NYSE · CIK 0001276187 · NATURAL GAS TRANSMISSION

ENERGY TRANSFER LP

ET chart by TradingView
P/E P/B P/SALES EV/EBITDA FCF YIELD

PRICE HISTORY

LIVE · NYSE
ET chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$85.5B
EBITDA
$14.7B
FREE CASH FLOW
$3.8B
EPS
GROSS MARGIN
25.77%
ROIC
3.82%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

P / SALES (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

P / BOOK

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / REVENUE (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

FCF YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$34.3B
+346%
LATEST · Q2 FY26
34.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$5.1B
+331%
LATEST · Q2 FY26
5.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$2.1B
+899%
LATEST · Q2 FY26
2.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

78.43%
+105.9pp
LATEST · Q2 FY26
78.43%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-47.12%156.05%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

7.88%
+24.9pp
LATEST · Q2 FY26
7.88%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-17.04%26.23%

RETURN ON CAPITAL

+2.1pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-0.79%6.28%

RETURN ON EQUITY (TTM)

+4.1pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-2.06%14.31%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN21.55%
OPERATING MARGIN10.41%
NET MARGIN6.08%
FCF MARGIN7.88%
307.83164.6721.52-121.64-264.79GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$2.7B
+$4.0B
LATEST · Q2 FY26
2.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+100%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$1.6B
-27%
LATEST · Q2 FY26
1.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$1.0B
+123%
LATEST · Q2 FY26
1.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$68.4B
+66%
LATEST · Q2 FY26
68.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

4.1x
-58%
LATEST · Q2 FY26
4.1xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.4x15.7x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 32.07%INSIDERS 10.29%OTHER / RETAIL 57.64%1,422 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Morgan Stanley2.53%87.2M$1.76B+1.1%
Alps Advisors Inc.2.53%86.9M$1.75B+1.1%
JPMORGAN CHASE & CO2.10%72.2M$1.45B+96.7%
Goldman Sachs Group Inc1.76%60.4M$1.22B+17.0%
Invesco Ltd.1.63%56.1M$1.13B+2.0%
Tortoise Capital Advisors, LLC1.15%39.5M$794.4M+2.0%
UBS Group AG0.90%31.0M$623.5M-1.6%
Blackstone Inc0.90%31.1M$626.5M+20.7%
Bank of America Corporation0.90%31.0M$623.2M+5.7%
Energy Income Partners, LLC0.73%25.2M$507.4M+0.2%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.