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

Energy Transfer LP (ET) Return on equity

Alert me on Return on equity

Energy Transfer LP's return on equity over the twelve months to 30 September 2026 was 11.7%, up 2.2 percentage points from fiscal 2025 (9.50%). Over the past ten years it has ranged from −1.98% (fiscal 2020) to 16.0% (fiscal 2021); the current reading is higher than 55% of that period. That is in line with the Oil & Gas Midstream industry median of 11.7% and above the Energy sector median of 7.54%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 9.50% (1.53)
FY2024 11.0% 1.41
FY2023 9.62% (3.13)
FY2022 12.8% (3.26)
FY2021 16.0% 17.99
FY2020 −1.98% (12.83)
FY2019 10.9% 5.18
FY2018 5.67% 2.14
FY2017 3.53% (0.76)
FY2016 4.29% (0.86)

Against its own ten years

Low −1.98% High 16.0%
Ten-year median 9.50%
Current reading's percentile 55

Return on equity against peers

Company Return on equity
MPLX MPLX LP compare 30.2%
LNG Cheniere Energy, Inc. compare 26.0%
WMB Williams Companies, Inc. (The) compare 17.2%
OKE ONEOK, Inc. compare 14.9%
ET Energy Transfer LP 11.7%
KMI Kinder Morgan, Inc. compare 11.1%
TRP TC Energy Corporation compare 9.94%
TRGP Targa Resources, Inc. compare 0.00%
EPD Enterprise Products Partners L.P. compare 0.00%
Oil & Gas Midstream industry median 11.7%
Energy sector median 7.54%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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