Create a free account

US · USD

ET

Energy Transfer LP

US$20.10+1.67% (US$0.33)
Day's range
US$19.59 – US$20.13
Day's volume
US$251.6m
52-week range
US$15.15 – US$21.73

Follow ET on Fuolio

See how ET weighs in your net worth, what it has paid you and how far it is from your target allocation.

Create a free account

ET in numbers

Market cap
US$69.2bn
P/E
13.09
Dividend yield (12m)
6.70%
Net debt/EBITDA
3.99

The 12-month dividend yield of ET is 6.70%, below its 5-year average of 7.64%.

ET price history

02/10/202501/10/2026
Compare with

ET risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+23.84%+77.40%+206.32%
Volatility (annualised)18.72%20.24%22.93%
Largest drawdown-8.09%-17.93%-17.93%
Positive months7/1221/3635/60

How much did investing in ET return?

US$1,000.00 invested on 01/09/2021 would be worth US$3,063.24 today.

Value today in ET
US$3,063.24
Return over the period
+206.32%
Return per year
+25.10%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ET fundamentals

Valuation

  • P/E
    13.09
  • P/B
    —
  • EV/EBITDA
    8.10
  • EV/EBIT
    12.67
  • EV/Revenue
    1.27
  • P/EBIT
    6.42
  • P/S
    0.64
  • P/OCF
    5.71
  • P/FCF
    —
  • Earnings yield
    7.89%
  • PEG ratio
    —
  • Earnings per share
    US$1.54
  • Book value per share
    —

Debt

  • Net debt
    US$67.4bn
  • Net debt/EBITDA
    3.99
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.16
  • Quick ratio
    0.94
  • Cash ratio
    0.05

Efficiency

  • Gross margin
    23.58%
  • EBITDA margin
    15.71%
  • Operating margin
    10.04%
  • Net margin
    4.93%
  • Asset turnover
    0.72

Profitability

  • ROE
    —
  • ROA
    3.57%
  • ROIC
    —
  • Payout
    87.63%

Growth

  • Revenue CAGR (5 years)
    15.57%
  • Earnings CAGR (5 years)
    7.02%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ET's fair price?

Two classic value formulas, with today's numbers. The current price is US$20.10.

Graham's fair price
—
ET's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$17.70
11.94% below the price

US$1.06 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

ET indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E12.8013.9611.817.724.64-25.779.8119.78
EV/EBITDA8.428.867.787.125.9310.188.249.71
Dividend yield7.98%6.51%8.96%7.33%7.44%17.28%9.51%9.24%
Earnings per shareUS$1.29US$1.40US$1.17US$1.54US$1.77-US$0.24US$1.31US$0.67
Gross margin25.77%25.03%22.96%19.63%25.25%34.57%26.58%23.08%
EBITDA margin17.20%17.30%16.14%13.24%18.70%17.09%19.09%15.28%
Net margin5.18%5.82%5.01%5.29%8.11%-1.66%6.49%3.23%
Net debt/EBITDA4.564.164.124.033.927.674.905.52

ET financial statements

Line202520242023202220212020
Net revenueUS$85.5bnUS$82.7bnUS$78.6bnUS$89.9bnUS$67.4bnUS$39bn
Cost of sales-US$63.5bn-US$62bn-US$60.5bn-US$72.2bn-US$50.4bn-US$25.5bn
Gross profitUS$22bnUS$20.7bnUS$18bnUS$17.6bnUS$17bnUS$13.5bn
EBITDAUS$14.7bnUS$14.3bnUS$12.7bnUS$11.9bnUS$12.6bnUS$6.7bn
EBITUS$9bnUS$9.1bnUS$8.3bnUS$7.7bnUS$8.8bnUS$3bn
Net finance result——————
Profit before tax————US$6.9bnUS$377m
Income tax-US$350m-US$541m-US$303m-US$204m-US$184m-US$237m
Net incomeUS$4.4bnUS$4.8bnUS$3.9bnUS$4.8bnUS$5.5bn-US$648m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ET pay dividends?

Dividend yield per year

  • 6.66%2017
  • 9.24%2018
  • 9.51%2019
  • 17.28%2020
  • 7.44%2021
  • 7.33%2022
  • 8.96%2023
  • 6.51%2024
  • 7.98%2025
  • 5.04%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/08/202619/08/2026US$0.34
Dividend07/05/202620/05/2026US$0.34
Dividend05/02/202619/02/2026US$0.34
Dividend06/11/202519/11/2025US$0.33
Dividend07/08/202519/08/2025US$0.33
Dividend08/05/202520/05/2025US$0.33
Dividend06/02/202519/02/2025US$0.33
Dividend07/11/202419/11/2024US$0.32
Dividend08/08/202419/08/2024US$0.32
Dividend09/05/202420/05/2024US$0.32
Dividend05/02/202420/02/2024US$0.32
Dividend26/10/202320/11/2023US$0.31
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend10/08/202321/08/2023US$0.31
Dividend04/05/202322/05/2023US$0.31
Dividend03/02/202321/02/2023US$0.31
Dividend02/11/202221/11/2022US$0.27
Dividend04/08/202219/08/2022US$0.23
Dividend05/05/202219/05/2022US$0.20
Dividend04/02/202218/02/2022US$0.18
Dividend03/11/202119/11/2021US$0.15
Dividend04/08/202119/08/2021US$0.15
Dividend07/05/202119/05/2021US$0.15
Dividend04/02/202119/02/2021US$0.15
Dividend04/11/202019/11/2020US$0.15
Dividend05/08/202019/08/2020US$0.31
Dividend05/05/202019/05/2020US$0.31
Dividend05/02/202019/02/2020US$0.31
Dividend01/11/201919/11/2019US$0.31
Dividend02/08/201919/08/2019US$0.31
Dividend03/05/201920/05/2019US$0.31
Dividend06/02/201919/02/2019US$0.31
Dividend06/11/201819/11/2018US$0.31
Dividend02/08/201820/08/2018US$0.31
Dividend03/05/201821/05/2018US$0.31
Dividend06/02/201820/02/2018US$0.31
Dividend03/11/201720/11/2017US$0.30
Dividend02/08/201721/08/2017US$0.29
Dividend05/05/201719/05/2017US$0.29
Dividend02/02/201720/02/2017US$0.29
Dividend02/11/201618/11/2016US$0.29

About Energy Transfer Lp

Sector
Transportation and utilities

Questions about ET

How much is ET today?

ET is at US$20.10 (1.67% on the day), last traded on 01/10/2026.

How much did ET pay in dividends in 2025?

ET paid US$1.32 per share in 2025, a dividend yield of 7.98%.

How much did ET return in 12 months?

ET returned 23.84% in 12 months, with annualised volatility of 18.72% and a largest drawdown of -8.09%.