Energy Transfer LP Common Units representing limited partner interests logo

Energy Transfer LP Common Units representing limited partner interests (ET)

Common Stock · Currency in USD · XNYS

Energy Transfer is a diversified midstream firm, operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, or NGLs, crude oil, and refined products. Commodities are moved through its network of field level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the Midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.

Company Info

SIC4922
Composite FIGIBBG000BM2FL9
CIK0001276187
IPOFeb 3, 2006
Sectornatural gas transmission

Highlights

Market Cap$65.13B
EPS
P/E Ratio
Revenue
Gross Profit
Net Income
Employees22,311
WSO3,440,314,575
Phone(214) 981-0700

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Analysis

Share Price Chart

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Energy Transfer LP Common Units representing limited partner interests, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.

Returns By Period

Energy Transfer LP Common Units representing limited partner interests (ET) has returned 15.08% so far this year and 26.12% over the past 12 months. Looking at the last ten years, ET has achieved an annualized return of 1.10%, underperforming the Benchmark (SPY), which averaged 12.23% per year.

ET

1M0.48%
6M12.34%
YTD15.08%
1Y26.12%
5Y18.53%
10Y1.10%

Benchmark (SPY)

1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%

Monthly Returns

The table below presents the monthly returns of Energy Transfer LP Common Units representing limited partner interests (ET) with color gradation from worst to best to easily spot seasonal factors.

JanFebMarAprMayJunJulAugSepOctNovDec
202612.16%2.45%1.05%-0.63%
20254.70%-4.27%-3.78%-10.72%4.73%3.36%-0.61%-1.50%-2.91%-1.58%-1.18%-1.26%
20243.77%1.39%6.93%-0.13%-0.70%3.64%-0.25%-1.23%0.06%3.13%20.22%-1.56%
202311.60%-5.17%-1.73%1.18%-4.10%1.93%4.07%1.28%3.16%-6.34%5.87%-0.43%
202215.72%4.75%9.81%-1.73%5.81%-15.42%13.55%3.90%-4.91%12.81%-3.17%-5.34%
20210.16%20.13%-3.40%11.67%13.14%5.77%-7.94%-5.87%2.68%-0.94%-12.38%-3.97%
2020-2.78%-11.99%-58.93%79.87%-0.85%-13.06%-8.01%-2.28%-15.58%-4.63%20.00%-1.28%
201913.15%0.14%3.78%-2.33%-9.61%2.25%0.70%-5.49%-2.68%-4.26%-6.93%7.72%
2018-8.37%-6.48%-10.62%

Performance Indicators

The charts below present risk-adjusted performance metrics for Energy Transfer LP Common Units representing limited partner interests (ET) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

-2.00-1.000.001.002.003.00ET: 0.16SPY: 0.92

Sortino ratio

-6.00-4.00-2.000.002.004.00ET: 0.23SPY: 1.40

Omega ratio

0.501.001.502.00ET: 1.03SPY: 1.22

Calmar ratio

0.002.004.006.00ET: 0.06SPY: 1.20

Martin ratio

0.001.003.00ET: 0.03SPY: 0.42

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.

The chart below shows the rolling Sharpe ratio of ET compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Volatility Chart

The current Energy Transfer LP Common Units representing limited partner interests volatility is 1.07%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.

Income Statement

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.

20252023202220212020201920182012
Liabilities And Equity (USD)141.29B113.70B105.64B105.96B95.14B98.88B88.25B387.07M
Temporary Equity Attributable To Parent (USD)--------
Temporary Equity (USD)250.00M778.00M493.00M783.00M762.00M739.00M499.00M-
Equity Attributable To Parent (USD)34.37B36.68B33.03B31.30B18.53B21.83B20.56B281.62M
Equity Attributable To Noncontrolling Interest (USD)14.64B7.26B7.63B8.05B12.86B12.02B10.29B-
Equity (USD)49.01B43.94B40.66B39.35B31.39B33.85B30.85B281.62M
Redeemable Noncontrolling Interest, Other (USD)250.00M778.00M493.00M783.00M762.00M739.00M499.00M-
Redeemable Noncontrolling Interest (USD)250.00M778.00M493.00M783.00M762.00M739.00M499.00M-
Other Non-current Liabilities (USD)8.99B6.09B6.36B6.08B6.39B6.26B2.06B-
Long-term Debt (USD)68.33B52.39B48.26B49.70B51.44B51.05B46.03B-
Noncurrent Liabilities (USD)77.32B58.48B54.62B55.78B57.83B57.31B48.09B5.95M
Other Current Liabilities (USD)-4.61B3.42B4.00B3.11B3.61B5.82B71.93M
Wages (USD)-------18.50M
Accounts Payable (USD)-6.66B6.95B6.83B2.81B4.12B3.49B9.07M
Current Liabilities (USD)14.96B11.28B10.37B10.84B5.92B7.72B9.31B99.50M
Liabilities (USD)92.28B69.76B64.98B66.62B63.76B65.04B57.40B105.45M
Other Non-current Assets (USD)13.47B9.68B7.84B7.96B7.97B10.67B8.53B111.85M
Intangible Assets (USD)7.44B6.24B5.42B5.86B5.75B6.15B6.00B27.35M
Fixed Assets (USD)102.14B85.35B80.31B81.61B75.11B74.19B66.96B67.94M
Noncurrent Assets (USD)123.05B101.27B93.56B95.43B88.83B91.01B81.50B207.15M
Other Current Assets (USD)13.46B9.96B9.62B8.52B4.58B5.93B5.07B168.54M
Prepaid Expenses (USD)-------11.38M
Inventory (USD)4.77B2.48B2.46B2.01B1.74B1.94B1.68B-
Current Assets (USD)18.23B12.43B12.08B10.54B6.32B7.87B6.75B179.92M
Assets (USD)141.29B113.70B105.64B105.96B95.14B98.88B88.25B387.07M

News and Insights

Energy Transfer Stock Is Up Big in 2026. Is There Still Time to Get In?

Energy Transfer (ET), a master limited partnership, has surged 16% in 2026 amid rising energy prices due to Middle East tensions. The stock offers a 6.9% yield, significantly higher than Treasury bonds (4.4%) and savings accounts (4%), making it attractive for income-focused investors. With a 55% payout ratio and strong distributable cash flow of $8.2 billion in 2025, the company has a solid financial cushion to maintain and grow its distributions by 3-5% annually.

The Motley Fool faviconThe Motley FoolJustin Pope
2 Energy Stocks to Buy in April

Energy Transfer and Oneok are recommended as compelling investment opportunities in April despite oil price volatility from the Iran conflict. Both companies generate stable, fee-based cash flows (90% and 85-90% respectively) that are relatively insulated from crude price fluctuations, supported by secured expansion projects and dividend growth plans of 3-5% annually.

The Motley Fool faviconThe Motley FoolMatt Dilallo
Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of March 31, 2026

Kayne Anderson Energy Infrastructure Fund (KYN) reported net assets of $2.8 billion and a net asset value per share of $16.28 as of March 31, 2026. The fund maintains strong asset coverage ratios of 712% for debt and 538% for total leverage. The portfolio is heavily concentrated in midstream energy companies, with top holdings including Enterprise Products Partners, Energy Transfer LP, and Williams Companies.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
Oil Could Go to $200 or $50 a Barrel Depending on Developments with Iran. That's Why This is the First Energy Stock I Plan to Buy in April.

Energy Transfer is recommended as a top energy stock pick for April due to its ability to thrive in any oil price scenario. The midstream company benefits from higher volumes if the Iran conflict escalates and oil prices spike, while its fee-based business model (90% of earnings) provides downside protection if crude prices collapse. The company's natural gas pipeline projects and high dividend yield (6.3%) offer stable growth regardless of geopolitical outcomes.

The Motley Fool faviconThe Motley FoolMatt Dilallo
3 Brilliant Energy Stocks to Buy Now and Hold for the Long Term

The massive buildout of AI data centers is driving enormous electricity demand, benefiting energy companies. Energy Transfer, Constellation Energy, and Enbridge are well-positioned to capitalize on this trend through natural gas pipelines, nuclear power, and renewable energy solutions, with each offering different value propositions for long-term investors.

The Motley Fool faviconThe Motley FoolJack Delaney
3 Pipeline Stocks Quietly Printing Cash While the Energy Sector Soars

Three pipeline companies—Energy Transfer, Enbridge, and Kinder Morgan—generate stable, predictable cash flows from long-term contracts and regulated rate structures, making them reliable income-producing investments regardless of oil price fluctuations. Each company has multi-billion-dollar expansion projects underway through 2030 and maintains consistent dividend growth histories.

The Motley Fool faviconThe Motley FoolMatt Dilallo
3 High-Yield Pipeline Stocks to Buy Now and Hold Forever

The article recommends three pipeline stocks for long-term investors seeking high yields: Enterprise Products Partners (EPD) with a 5.5% yield and 28 years of consecutive distribution increases, Energy Transfer (ET) with a 6.7% yield, and Enbridge (ENB) with a 5.2% yield and 31 years of consecutive dividend increases. These midstream companies operate a 'toll road' model that generates substantial cash flow insulated from commodity price volatility, with all three stocks trading at attractive valuations relative to their earnings.

The Motley Fool faviconThe Motley FoolLeo Sun
Is It Time to Load Up on These 3 Ultra-High-Yielding Dividend Stocks? (1 Yields 11%!)

The article highlights three high-yielding dividend stocks suitable for income-seeking investors: Ares Capital (10.7% yield) with 16+ years of stable dividends, Energy Transfer (6.9% yield) with quarterly increases since 2021, and Starwood Property Trust (11% yield) with over a decade of dividend stability. All three companies demonstrate strong fundamentals and are positioned to continue growing their payouts.

The Motley Fool faviconThe Motley FoolMatt Dilallo
1 Reason Energy Transfer Could Be the Best Dividend Stock of 2026

Energy Transfer LP is highlighted as a compelling dividend stock for 2026, offering a 7% dividend yield with an annual dividend of $1.34 per share. The stock has appreciated 16% year-to-date and is expected to grow distributions at 3-5% annually. With over $5 billion in planned natural gas infrastructure investments and favorable geopolitical conditions supporting natural gas expansion, analysts rate it a 'buy' at a forward P/E of 11.5.

The Motley Fool faviconThe Motley FoolCatie Hogan
Iran's Attacks on Qatar's Energy Infrastructure Could Have Long-Term Impacts on the Energy Market. These 3 LNG Stocks Could Capitalize on the Opportunity.

Iran's attacks damaged two of Qatar's 14 LNG trains, taking 17% of its production capacity offline for 3-5 years. This creates a global LNG supply gap that U.S. producers like Cheniere Energy and Venture Global are positioned to fill, while Energy Transfer may find partners for its suspended Lake Charles LNG project.

The Motley Fool faviconThe Motley FoolMatt Dilallo