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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. 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.

20.41 0.21 −1.02%
Market cap
$71.0B
P/E
13.9×
Fwd P/E
13.1×
Dividend yield
6.59%
F-score
5/9
Altman Z
n/a
Beneish M
−2.48
Dividend safety
66/100

Energy Transfer LP (ET) P/E ratio

Alert me on 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

Against its own ten years

Low 0.0× High 55.7×
Ten-year median 13.0×
Current reading's percentile 66

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)

The full definition of P/E ratio →

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