Energy Transfer ET
- Market cap
- $69B
- PE
- n/m
- one or more of the four quarters through 2026-06-30 missing
- Forward PE
- 12.3×
- 10y median 9.9×
- Price to sales
- 0.6×
- EV/EBIT
- 12.3×
- Revenue, 12 months
- $107.4B
- +33% on a year ago
- Net margin
- 4.9%
- Free cash flow yield
- 7.6%
Energy Transfer trades at 0.6× sales. Revenue was $107.4B over the last twelve months, up 33% on a year earlier with a 5% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $20.7B−10% | $20.5B+0% | $21.6B+14% | $20.7B+13% | $20.8B+0% | $19.5B−5% | $21B−3% | $19.2B−7% | $20B−4% | $25.3B+30% | $27.8B+32% | $34.3B+78% | |
| Cost of revenue | $16.1B−13% | $15.8B−2% | $16.6B+14% | $15.6B+11% | $15.6B−3% | $14.2B−10% | $15.6B−6% | $13.9B−11% | $14.6B−7% | $19.4B+37% | $21.1B+36% | $26.9B+93% |
| Gross profit | $4.7B+6% | $4.8B+7% | $5B+15% | $5.1B+21% | $5.2B+10% | $5.4B+13% | $5.4B+8% | $5.3B+3% | $5.4B+5% | $5.9B+10% | $6.6B+22% | $7.4B+40% |
| SG&A | $234M−35% | $285M+32% | $260M+9% | $332M+46% | $297M+27% | $288M+1% | $288M+11% | $257M−23% | $268M−10% | $367M+27% | $361M+25% | $421M+64% |
| $2.2B+13% | $2.2B+20% | $2.4B+15% | $2.3B+25% | $2.2B−2% | $2.3B+5% | $2.5B+5% | $2.3B+1% | $2.2B−1% | $2.1B−9% | $3B+20% | $3.6B+55% | |
| Interest expense | $632M+10% | $686M+16% | $728M+18% | $762M+19% | $828M+31% | $807M+18% | $809M+11% | $865M+14% | $890M+8% | $910M+13% | $947M+17% | $934M+8% |
| Pre-tax income | $1.1B−20% | $1.6B+9% | $1.8B+17% | $2.2B+66% | $1.5B+36% | $1.6B−2% | $1.8B−1% | $1.5B−31% | $1.4B−10% | $1.4B−13% | $2.1B+20% | $2.7B+77% |
| $77M−6% | $47M+4% | $89M+25% | $227M+110% | $89M+16% | $136M+189% | $41M−54% | $79M−65% | $87M−2% | $143M+5% | $135M+229% | $194M+146% | |
| Net income | $584M−42% | $1.3B+15% | $1.2B+11% | $1.3B+44% | $1.2B+103% | $1.1B−19% | $1.3B+7% | $1.2B−12% | $1B−14% | $928M−14% | $1.3B−5% | $2.1B+80% |
| $0.15−48% | n/a | $0.32+0% | $0.35+40% | $0.32+113% | n/a | $0.36+13% | $0.32−9% | $0.28−13% | n/a | $0.35−3% | $0.59+84% | |
| n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 3.5B |
Gross profit: 65 periods, Q2 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 5 periods, Q4 FY09 to Q2 FY12: quarter's net income to common over its shares, to the cent.
Diluted shares: 3 periods, Q4 FY09 to Q4 FY11: share-days: the 12-month average less the 9-month, weighted by days. 4 periods, Q3 FY12 to Q2 FY26: not printed by the filing, worked out from its own lines.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $31B | $31B to $31.1B | $0.40 | $0.34 to $0.46 | 10 |
| Q4 FY26 | $30.8B | $30.6B to $31B | $0.40 | $0.36 to $0.44 | 9 |
| Q1 FY27 | $31.3B | $28.4B to $34B | $0.42 | $0.37 to $0.46 | 6 |
| Q2 FY27 | $34B | $30.8B to $37B | $0.43 | $0.38 to $0.48 | 3 |
| Q3 FY27 | $34.5B | $31.3B to $37.5B | $0.41 | $0.36 to $0.46 | 3 |
| Q4 FY27 | $34.3B | $31.1B to $37.3B | $0.43 | $0.38 to $0.48 | 6 |
| Q1 FY28 | $32.1B | $29.1B to $34.8B | $0.49 | $0.43 to $0.54 | 8 |
| Q2 FY28 | $35B | $31.7B to $38.1B | $0.48 | $0.43 to $0.54 | 4 |
Peers
Companies in Oil & Gas Midstream nearest Energy Transfer's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| ETEnergy Transfer | $69B | n/m | n/a | 12.3× | 0.6× | +33% | 4.9% |
| TRGPTarga Resources | $64.8B | 28.9× | 30.8× | 26.6× | 3.9× | −2% | 13.5% |
| KMIKinder Morgan | $76.7B | 22.1× | 22.8× | 23.3× | 4.3× | +12% | 19.3% |
| LNGCheniere Energy | $61.7B | 22.2× | 14.7× | 16.6× | 2.9× | +18% | 13.6% |
| OKEONEOK | $60.4B | 16.5× | 19.7× | 16.1× | 1.5× | +41% | 9.3% |
| MPLXMPLX Lp | $59.9B | 12.7× | 12.1× | 12.9× | n/m | n/m | n/m |
| EPDEnterprise Products Partners | $80.1B | 12.9× | 12.4× | 12.2× | 1.4× | +7% | 10.8% |
| WMBWilliams Companies | $87.7B | 28.6× | 28.4× | 29.5× | 7.2× | +9% | 25.2% |
| VGVenture Global | $35B | 11.0× | 13.5× | 8.2× | 2.1× | +101% | 22.3% |
| CQPCheniere Energy Partners | $32B | 11.4× | 14.0× | 14.7× | 2.8× | +15% | 27.3% |
| WESWestern Midstream Partners | $18.6B | 14.2× | 10.5× | n/m | 4.3× | +18% | 29.6% |
| Peer median | $61B | 15.4× | 14.4× | 16.1× | 2.9× | +15% | 19.3% |
Investors who own it
Investors we follow who held Energy Transfer at the end of Jun 30, 2026, from their 13F filings.
- David TepperAppaloosa0.4% of portfolio
More on Energy Transfer
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #2of 28Energy stocks with the highest dividend yields
- #4of 26Oil and gas pipeline stocks with the fastest revenue growth
- #5of 26Oil and gas pipeline stocks with the lowest EV/EBIT
- #2of 10Oil and gas pipeline stocks with the highest dividend yields
- #4of 19Oil and gas pipeline stocks with the highest free cash flow yield
- #6of 28Energy stocks with the fastest expected revenue growth
- #6of 26Oil and gas pipeline stocks with the lowest price to sales ratio
- #3of 10Oil and gas pipeline stocks with the lowest forward PE
Its groups
About
- Industry
- Oil & Gas Midstream
- Sector
- Energy
Valuation data, not investment advice. Prices as of .