Energy Transfer LP
Energy Transfer LP’s revenue for fiscal 2025 (year ended December 2025) was $85.5 billion, up 3.47% from fiscal 2024. In the quarter to June 2026, revenue grew 78.4%, EPS grew 84.4%, free cash flow grew 146.2% and total debt rose 12.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
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Energy Transfer LP (ET) P/E ratio
As of 9 October 2026, Energy Transfer LP (ET) trades at a P/E ratio of 13.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 55.7× (March 2015); the current reading is higher than 62% of that period. That is above the Oil & Gas Midstream industry median of 12.4× and in line with the Energy sector median of 14.0×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 13.5× | (10.99%) |
| FY2024 | 15.2× | 19.26% |
| FY2023 | 12.7× | 54.52% |
| FY2022 | 8.2× | 91.26% |
| FY2021 | 4.3× | — |
| FY2020 | 0.0× | — |
| FY2019 | 9.4× | (14.30%) |
| FY2018 | 11.0× | (47.87%) |
| FY2017 | 21.1× | 4.66% |
| FY2016 | 20.2× | 64.49% |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.0× | (19.13%) |
| Mar 2026 | 16.1× | 18.99% |
| Dec 2025 | 13.5× | (0.75%) |
| Sep 2025 | 13.6× | (1.59%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| MPLX MPLX LP compare | 12.1× |
| EPD Enterprise Products Partners L.P. compare | 12.5× |
| ET Energy Transfer LP | 13.9× |
| OKE ONEOK, Inc. compare | 15.5× |
| LNG Cheniere Energy, Inc. compare | 20.6× |
| KMI Kinder Morgan, Inc. compare | 20.8× |
| TRP TC Energy Corporation compare | 24.9× |
| TRGP Targa Resources, Inc. compare | 27.3× |
| WMB Williams Companies, Inc. (The) compare | 28.9× |
| Oil & Gas Midstream industry median | 12.4× |
| Energy sector median | 14.0× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)