Superworth

Energy Transfer ET

Oil & Gas Midstream, Energy
$20.04
−0.45%
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 for ET, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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/an/an/an/an/an/an/an/an/an/an/a3.5B

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: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$31B$31B to $31.1B$0.40$0.34 to $0.4610
Q4 FY26$30.8B$30.6B to $31B$0.40$0.36 to $0.449
Q1 FY27$31.3B$28.4B to $34B$0.42$0.37 to $0.466
Q2 FY27$34B$30.8B to $37B$0.43$0.38 to $0.483
Q3 FY27$34.5B$31.3B to $37.5B$0.41$0.36 to $0.463
Q4 FY27$34.3B$31.1B to $37.3B$0.43$0.38 to $0.486
Q1 FY28$32.1B$29.1B to $34.8B$0.49$0.43 to $0.548
Q2 FY28$35B$31.7B to $38.1B$0.48$0.43 to $0.544

Peers

Companies in Oil & Gas Midstream nearest Energy Transfer's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
ETEnergy Transfer$69Bn/mn/a12.3×0.6×+33%4.9%
TRGPTarga Resources$64.8B28.9×30.8×26.6×3.9×−2%13.5%
KMIKinder Morgan$76.7B22.1×22.8×23.3×4.3×+12%19.3%
LNGCheniere Energy$61.7B22.2×14.7×16.6×2.9×+18%13.6%
OKEONEOK$60.4B16.5×19.7×16.1×1.5×+41%9.3%
MPLXMPLX Lp$59.9B12.7×12.1×12.9×n/mn/mn/m
EPDEnterprise Products Partners$80.1B12.9×12.4×12.2×1.4×+7%10.8%
WMBWilliams Companies$87.7B28.6×28.4×29.5×7.2×+9%25.2%
VGVenture Global$35B11.0×13.5×8.2×2.1×+101%22.3%
CQPCheniere Energy Partners$32B11.4×14.0×14.7×2.8×+15%27.3%
WESWestern Midstream Partners$18.6B14.2×10.5×n/m4.3×+18%29.6%
Peer median$61B15.4×14.4×16.1×2.9×+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.

More on Energy Transfer

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About

Industry
Oil & Gas Midstream
Sector
Energy

Valuation data, not investment advice. Prices as of .