ETTXSENatural Gas TransmissionFiscal year ends December 31Also trades as ET.PI
Energy Transfer LP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$20.11−0.15 (-0.74%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
25.8%−8.8 pts over 5 years
Operating margin
10.6%+2.9 pts over 5 years
Net margin
5.2%+6.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.5% | -1.6% | +17.0% | +9.0% | |
| Gross profit | +6.5% | +7.7% | +10.4% | +11.5% | |
| Operating income | -1.2% | +5.3% | +24.8% | +14.7% | |
| Net income | -7.9% | -2.3% | – | +14.1% | |
| Free cash flow | -47.6% | -12.1% | +11.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 1.3% | -0.7% | 3.3% | |
| Current ratio | 0.95 | 1.07 | 1.22 | |
| Net debt to EBITDA | 10.66× | 7.67× | 4.56× | |
| Interest coverage | 1.0× | 1.3× | 2.6× | |
| Inventory turnover | 13.5× | 15.6× | 16.2× | |
| Capex to revenue | 24.4% | 13.2% | 7.4% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Energy Transfer LP generated $51.42B from operations and spent $19.84B on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$51.42B
Used
$19.84B
Capital expenditure$19.80B100%Dividends$00%Share buybacks$31.00M0%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$4.43B
- Cash generatingOperating cash flow above zero$10.15B
- Return on assets improvedROA up on the prior year4.2% → 3.5%
- Earnings backed by cashOperating cash flow above net income$10.15B vs $4.43B
- Less leverageLong-term debt to assets fell47.7% → 48.3%
- Better liquidityCurrent ratio rose1.12 → 1.22
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year25.03% → 25.77%
- More efficientAsset turnover rose0.73 → 0.68