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Friday 6 November 2026 Export ET’s income statement to Excel — free account

Energy Transfer LP

ET Energy Oil & Gas Midstream

Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024.

Revenue
+85.9%
EPS
+17.9%
Free cash flow
+215.5%
Total debt
+9.11%

Quarter to September 2026, against a year earlier

19.21 0.25 −1.28%
Market cap
$66.1B
P/E
12.6×
Fwd P/E
12.0×
Dividend yield
8.78%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Energy Transfer LP (ET) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Energy Transfer LP (ET) trades at a EV/EBITDA of 7.9×. Over the past ten years it has ranged from 5.5× (December 2021) to 18.7× (January 2017); the current reading is higher than 32% of that period. That is below the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 8.4× (4.53%)
FY2024 8.8× 16.18%
FY2023 7.6× 7.56%
FY2022 7.0× 23.63%
FY2021 5.7× (43.97%)
FY2020 10.2× 24.63%
FY2019 8.2× 4.69%
FY2018 7.8× (21.70%)
FY2017 10.0× (46.05%)
FY2016 18.5× 65.01%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 8.1× 2.10%
Jun 2026 7.9× (9.71%)
Mar 2026 8.7× 3.99%
Dec 2025 8.4× 5.03%
43 more quarters

Against its own ten years

Low 5.5× High 18.7×
Ten-year median 8.3×
Current reading's percentile 32

EV/EBITDA against peers

Company EV/EBITDA
ET Energy Transfer LP 7.9×
LNG Cheniere Energy, Inc. compare 9.9×
EPD Enterprise Products Partners L.P. compare 10.6×
OKE ONEOK, Inc. compare 10.8×
MPLX MPLX LP compare 11.8×
KMI Kinder Morgan, Inc. compare 12.8×
TRP TC Energy Corporation compare 13.4×
TRGP Targa Resources, Inc. compare 13.4×
WMB Williams Companies, Inc. (The) compare 15.6×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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