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Energy Transfer LP (ET.PI) stock

ET.PITXSENatural Gas TransmissionFiscal year ends December 31Also trades as ET
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/3043% below fair value
$10.66−0.22 (-2.02%)

Close on Oct 19, 2026Market cap $36.71BP/E –Yield –

Energy Transfer LP grew revenue 33.3% to $107.38B over the twelve months to Jun 30, 2026. Operating income rose 16.5% to $10.78B, moving the operating margin from 11.5% to 10.0%. Free cash flow was $5.22B, down 8.5% from a year earlier. At the latest close the market valued the company at $36.71B.

Revenue
$107.38B
+33.3% vs. a year earlier
Operating income
$10.78B
+16.5% vs. a year earlier
Free cash flow
$5.22B
-8.5% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$36.71B
P/E ratio
–
Price to sales
0.34
Price to book
–
Dividend yield
–
Free cash flow yield
14.22%

Fundamentals

Revenue
$107.38B
Net income
$5.29B
Free cash flow
$5.22B

Trading

Next earnings
Nov 4, 2026 (estimated, after the close)
Previous close
$10.88
Open
$10.75
Day's range
$10.60 – $10.75
Volume
61,906
Average volume (20 days)
114,934
Beta (5 years)
0.56
52-week range
$16.18 – $21.84
RSI (14 days)
56.9
Volatility (1 year)
17.9%
Relative volume
1.09×
WACC
6.1%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Oct 19, 2026. The S&P 500 is measured by the SPY fund.

PeriodET.PIS&P 500DifferenceET.PI per yearS&P 500 per year
1 month-6.6%+0.6%−7.2 pts
3 months-5.8%+3.4%−9.1 pts
Year to date-5.3%+13.3%−18.6 pts
1 year-5.0%+16.6%−21.7 pts

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$107.38B+33.3% YoY

Gross profit

$25.32B+18.9% YoY

Operating income

$10.78B+16.5% YoY

Net income

$5.29B+11.4% YoY

Free cash flow

$5.22B-8.5% YoY
Reported periodTrailing twelve months

Press releases

Releases Energy Transfer LP filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Energy Transfer LP

Natural Gas Transmission

Energy Transfer LP is an energy infrastructure partnership engaged in midstream logistics across natural gas, crude oil, natural gas liquids, and refined products. Its operations include the gathering, compression, treating, processing, transportation, fractionation, and storage of hydrocarbons, along with terminaling, acquisition, and marketing services. Additionally, the company provides liquefied natural gas regasification and holds interests in retail motor fuel distribution and contract compression services. Its customer base includes electric utilities, power plants, industrial end-users, local distribution companies, energy marketers, independent refiners, and integrated oil corporations.

Company profile, executives and history

Energy Transfer LP stock: common questions

What is Energy Transfer LP's stock price?

ET.PI closed at $10.66 on Oct 19, 2026, down 2.02% on the day. Over the past 52 weeks it traded between $16.18 and $21.84.

What is Energy Transfer LP's market cap?

Energy Transfer LP was worth $36.71B at the close on Oct 19, 2026: the share price times the diluted shares outstanding.

How much revenue does Energy Transfer LP make?

Energy Transfer LP reported revenue of $107.38B for the twelve months to Jun 30, 2026, up 33.3% from a year earlier.

Does Energy Transfer LP pay a dividend?

No. Energy Transfer LP has not paid a cash dividend over the last twelve months.

When does Energy Transfer LP report earnings next?

Energy Transfer LP is expected to report Q3 FY2026 results on Nov 4, 2026, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has ET.PI stock performed over the past year?

Including dividends, ET.PI returned -5.0% over the past year, against +16.6% for the S&P 500.

How many ET.PI shares are sold short?

25M shares were sold short at the latest FINRA report, 0.82% of the float, or 3.0 days of average trading volume.

Who are Energy Transfer LP's competitors?

Companies most similar to Energy Transfer LP by business, industry and size include EPD, KMI, WMB, TRGP, OKE.