Your Best Stock
Stocks › ET

Energy Transfer ET

US equityMarket cap rank #236
$20.51
+$0.02 (+0.07%)
Market open · Sep 24, 2:00 pm ET
After hours $20.51 +0.08%
Open$20.53
Prev close$20.49
Day range$20.38 – $20.62
Volume5.75M
Market cap$70.60B
P/E (TTM)14.0
Dividend yield6.51%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$34.33B+78.4% YoY
Operating profit$3.57B+54.6% YoY
Net profit$2.53B+73.5% YoY
Diluted EPS$0.59+84.4% YoY
Free cash flow$2.71B+145.4% YoY
Operating cash flow$4.27B

Revenue, last 8 quarters

$20.8BSep '24$19.5BDec '24$21.0BMar '25$19.2BJun '25$20.0BSep '25$25.3BDec '25$27.8BMar '26$34.3BJun '26

Net profit, last 8 quarters

$1.4BSep '24$1.4BDec '24$1.7BMar '25$1.5BJun '25$1.3BSep '25$1.2BDec '25$2.0BMar '26$2.5BJun '26

Diluted EPS by quarter

0.32Sep '240.29Dec '240.36Mar '250.32Jun '250.28Sep '250.25Dec '250.35Mar '260.59Jun '26

Free cash flow by quarter

$1.8BSep '24$1.1BDec '24$1.7BMar '25$1.1BJun '25$1.3BSep '25$-225.0MDec '25$1.5BMar '26$2.7BJun '26

Annual revenue

$39.0BFY20$67.4BFY21$89.9BFY22$78.6BFY23$82.7BFY24$85.5BFY25

Profitability & balance sheet

Gross margin17.9%
Operating margin10.3%
Net margin4.7%
Return on equity14.4%
Return on assets3.7%
Return on invested capital8.4%
Current ratio1.16
Liabilities / assets65.7%
Cash & investments$1.02B
Total debt$70.03B
Net cash (debt)-$69.01B
Free cash flow / sales4.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Investment in Sunoco LP$14.26B 37.6%
  • Crude oil transportation and services$11.05B 29.1%
  • Natural gas liquid (NGL) and refined products transportation and services$7.72B 20.3%
  • Midstream$2.82B 7.4%
  • Interstate transportation and storage$609.00M 1.6%
  • intrastate transportation and storage$596.00M 1.6%
  • All other$565.00M 1.5%
  • Investment in USA Compression (USAC)$342.00M 0.9%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $34.33B $27.77B $85.54B $25.32B $19.95B
Total Operating Revenue $34.33B $27.77B $85.54B $25.32B $19.95B
Cost of Revenue $28.51B $22.73B $69.18B $20.91B $16.00B
Gross Profit $5.82B $5.04B $16.36B $4.41B $3.95B
Operating Expense $2.25B $2.06B $7.05B $2.06B $1.80B
Selling and Admin Expenses $421.00M $361.00M $1.18B $367.00M $268.00M
Other Operating Expenses $1.83B $1.70B $5.87B $1.69B $1.53B
Operating Profit $3.57B $2.98B $9.31B $2.35B $2.15B
Net Non-Operating Interest Income (Expense) -$934.00M -$947.00M -$3.47B -$910.00M -$890.00M
Non-Operating Interest Expense $934.00M $947.00M $3.47B $910.00M $890.00M
Other Income (Expense) $84.00M $75.00M $220.00M -$62.00M $117.00M
Earnings from Equity Interest $108.00M $110.00M $419.00M $106.00M $116.00M
Special Income (Charges) $0.00 -$7.00M -$319.00M -$280.00M -$13.00M
-Less:Impairment of Capital Assets $0.00 – $285.00M – –
Other Non-Operating Income (Expenses) -$24.00M -$28.00M $120.00M $112.00M $14.00M
Pretax Profit $2.72B $2.11B $6.06B $1.38B $1.38B
Tax $194.00M $135.00M $350.00M $143.00M $87.00M
Net Profit $2.53B $1.98B $5.71B $1.24B $1.29B
Profit from Continuing Operations $2.53B $1.98B $5.71B $1.24B $1.29B
Minority Interests $442.00M $722.00M $1.28B $310.00M $273.00M
Net Income to Parent Company $2.09B $1.25B $4.43B $928.00M $1.02B
Preferred Stock Dividends $2.00M $1.00M $4.00M $1.00M $1.00M
Other Preferred Stock Dividends $59.00M $59.00M $256.00M $59.00M $59.00M
Net Income to Common Stockholders $2.03B $1.19B $4.17B $868.00M $959.00M
Basic EPS $0.59 $0.35 $1.22 $0.25 $0.28
Diluted EPS $0.59 $0.35 $1.21 $0.25 $0.28
Dividend Per Share $0.34 $0.34 $1.32 $0.33 $0.33
-Less:Other Special Charges – $7.00M $34.00M $3.00M $12.00M
-Less:Write Off – $0.00 – – $1.00M
-Gain on Sale of Property/Plant/Equipment – – $0.00 $0.00 $0.00

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $148.17B $147.48B $141.29B $141.29B $129.33B
Total Current Assets $23.11B $22.26B $18.23B $18.23B $17.44B
Cash and Cash Equivalents & Short-Term Investments $1.02B $951.00M $1.27B $1.27B $3.57B
-Cash and Cash Equivalents $1.02B $951.00M $1.27B $1.27B $3.57B
Receivables $17.07B $15.89B $11.45B $11.45B $10.04B
-Accounts Receivable $16.82B $15.69B $11.28B $11.28B $9.89B
-Taxes Receivable $28.00M $38.00M $57.00M $57.00M $6.00M
-Due from Related Parties Current $223.00M $166.00M $119.00M $119.00M $148.00M
Inventory $4.39B $4.65B $4.77B $4.77B $3.27B
Other Current Assets $627.00M $757.00M $472.00M $472.00M $539.00M
Total Non-Current Assets $125.06B $125.22B $123.05B $123.05B $111.89B
Net PPE $106.04B $105.99B $103.98B $103.98B $96.91B
-Gross PPE $148.01B $146.62B $143.12B $143.12B $134.72B
-Accumulated Depreciation -$41.98B -$40.63B -$39.14B -$39.14B -$37.81B
Investments and Advances $3.64B $3.65B $3.59B $3.59B $3.27B
-Long Term Equity Investment $3.64B $3.65B $3.59B $3.59B $3.27B
Goodwill and Other Intangible Assets $12.77B $12.90B $12.89B $12.89B $9.56B
-Goodwill $5.61B $5.61B $5.45B $5.45B $3.90B
-Other Intangible Assets $7.16B $7.29B $7.44B $7.44B $5.66B
Other Non-Current Assets $2.62B $2.69B $2.24B $2.24B $2.15B
Total Liabilities $97.39B $97.49B $92.03B $92.03B $82.19B
Total Current Liabilities $19.86B $19.04B $14.96B $14.96B $12.41B
Payables $13.77B $13.15B $10.44B $10.44B $7.34B
-Accounts Payable $13.72B $13.14B $9.47B $9.47B $7.30B
-Due to Related Parties Current $47.00M $17.00M $41.00M $41.00M $37.00M
Current Accrued Expenses $5.86B $5.64B $2.48B $2.48B $4.98B
Short-Term Debt and Capital Lease Obligation $227.00M $220.00M $270.00M $270.00M $75.00M
-Current Debt $12.00M $19.00M $25.00M $25.00M $8.00M
-Current Capital Lease Obligation $215.00M $201.00M $245.00M $245.00M $67.00M
Other Current Liabilities $8.00M $36.00M $1.05B $1.05B $15.00M
Total Non-Current Liabilities $77.53B $78.45B $77.07B $77.07B $69.78B
Long Term Debt and Capital Lease Obligation $70.01B $70.89B $69.82B $69.82B $63.90B
-Long Term Debt $68.39B $69.32B $68.31B $68.31B $63.10B
-Long Term Capital Lease Obligation $1.62B $1.57B $1.52B $1.52B $803.00M
Non-Current Deferred Liabilities $5.57B $5.59B $5.31B $5.31B $4.26B
Other Non-Current Liabilities $1.95B $1.97B $1.94B $1.94B $1.62B
Total Equity $50.78B $49.99B $49.26B $49.26B $47.14B
Share capital $35.33B $34.46B $34.37B $34.37B $34.68B
Minority Interests $15.45B $15.53B $14.89B $14.89B $12.47B
Prepaid Assets – – $216.00M $216.00M –
Defined Pension Benefit – – $209.00M $209.00M –
Non-Current Deferred Assets – – $146.00M $146.00M –
-Total Tax Payable – – $844.00M $844.00M –
-Other Payable – – $86.00M $86.00M –
Current Deferred Liabilities – – $709.00M $709.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $4.27B $3.38B $10.15B $1.90B $2.57B
Net cash flow from continuing operations $4.27B $3.38B $10.15B $1.90B $2.57B
Net Income from Continuing Operations $2.53B $1.98B $5.71B $1.24B $1.29B
Gain/Loss from Continuing Operations -$121.00M -$116.00M -$437.00M -$116.00M -$117.00M
Depreciation & Depletion & Amortization $1.58B $1.58B $5.68B $1.49B $1.44B
Deferred Tax $74.00M $93.00M $178.00M $110.00M $61.00M
Other Non-Cash Items $69.00M -$455.00M $179.00M $207.00M -$30.00M
Change in Working Capital $12.00M $216.00M -$1.98B -$1.49B -$186.00M
-Change in Receivables -$1.19B -$4.41B -$46.00M -$290.00M $15.00M
-Change in Inventory $211.00M $578.00M -$717.00M -$517.00M -$473.00M
-Change in Payables and Accrued Expense $755.00M $3.92B -$442.00M $32.00M $289.00M
-Change in Other Current Assets $412.00M $52.00M -$200.00M -$162.00M -$24.00M
-Change in Other Current Liabilities -$154.00M $13.00M -$523.00M -$519.00M $6.00M
-Change In Other Working Capital -$23.00M $58.00M -$48.00M -$37.00M $1.00M
Net cash flow from investing -$1.60B -$2.53B -$8.37B -$3.95B -$1.53B
Net Cash Flow from Continuing Investing Activities -$1.60B -$2.53B -$8.37B -$3.95B -$1.53B
Capital Expenditure -$1.56B -$1.92B -$6.30B -$2.12B -$1.30B
Net Business Purchase and Sale -$105.00M -$711.00M -$2.27B -$1.90B -$262.00M
Net Other Investing Changes $29.00M $54.00M $140.00M $94.00M $10.00M
Financing Cash Flow -$2.60B -$1.17B -$816.00M -$254.00M $2.29B
Net Cash Flow from Continuing Financing Activities -$2.60B -$1.17B -$816.00M -$254.00M $2.29B
Net Issuance Payments Of Debt -$831.00M $600.00M $4.82B $1.41B $2.39B
Cash Dividends Paid -$1.24B -$1.17B -$4.73B -$1.22B -$1.15B
Net Other Financing Charges -$530.00M -$597.00M -$1.88B -$443.00M -$423.00M
Ending Cash Balance $1.02B $951.00M $1.27B $1.27B $3.57B
Net Change in Cash $69.00M -$321.00M $960.00M -$2.30B $3.33B
Beginning Cash Balance $951.00M $1.27B $312.00M $3.57B $242.00M
Free Cash Flow $2.71B $1.46B $3.85B -$225.00M $1.28B
Net Investment Purchase and Sale – – $0.00 $0.00 –
Net Preferred Stock Issuance – – $973.00M $0.00 $1.47B
Scroll to Top