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
+78.4%
EPS
+84.4%
Free cash flow
+146.2%
Total debt
+12.6%

Quarter to June 2026, against a year earlier

20.91 0.03 +0.14%
Market cap
$71.9B
P/E
14.2×
Fwd P/E
12.0×
Dividend yield
8.07%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100

Energy Transfer LP (ET) EV/Sales

Alert me on EV/Sales

As of 30 October 2026, Energy Transfer LP (ET) trades at a EV/Sales of 1.3×. Over the past ten years it has ranged from 0.9× (September 2022) to 2.3× (December 2016); the current reading is higher than 39% of that period. That is below the Oil & Gas Midstream industry median of 4.3× and below the Energy sector median of 2.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 1.4× (5.11%)
FY2024 1.5× 24.58%
FY2023 1.2× 31.05%
FY2022 0.9× (12.47%)
FY2021 1.1× (38.68%)
FY2020 1.7× 11.58%
FY2019 1.6× 30.84%
FY2018 1.2× (23.24%)
FY2017 1.6× (22.47%)
FY2016 2.0× 41.75%

Quarterly newest first

Period EV/Sales Change
Jun 2026 1.2× (15.06%)
Mar 2026 1.5× 1.02%
Dec 2025 1.4× (2.64%)
Sep 2025 1.5× (2.51%)
42 more quarters

Against its own ten years

Low 0.9× High 2.3×
Ten-year median 1.4×
Current reading's percentile 35

EV/Sales against peers

Company EV/Sales
ET Energy Transfer LP 1.3×
EPD Enterprise Products Partners L.P. compare 2.0×
OKE ONEOK, Inc. compare 2.4×
LNG Cheniere Energy, Inc. compare 4.3×
TRGP Targa Resources, Inc. compare 5.2×
KMI Kinder Morgan, Inc. compare 6.0×
MPLX MPLX LP compare 6.5×
TRP TC Energy Corporation compare 9.8×
WMB Williams Companies, Inc. (The) compare 9.9×
Oil & Gas Midstream industry median 4.3×
Energy sector median 2.4×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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