Stocktoria

Energy Transfer LP ET

NYSE · stock · Natural Gas Transmission · website · IPO 2006-02-03 · LEI

Energy Transfer LP statistics & valuation

Market cap$66.0B
P / E14.9×
P / S0.8×
P / B1.3×
Net margin5.2%
Return on equity9.0%
Net debt$67.1B
Net debt / EBITDA4.6×
Enterprise value USD$133.0B
EV / EBITDA9×
Earnings yield EBIT/EV6.8%
Return on capital7.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
3.10% 2.40% 3.20% 6.50% -1.70% 8.10% 5.30% 5.00% 5.80% 5.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
5.80% 6.70% 10.00% 13.30% 7.70% 13.00% 8.60% 10.60% 11.10% 10.60% 2016201720182019202020212022202320242025
Return on equity (%)
4.40% 3.20% 5.60% 10.40% -2.10% 13.90% 11.70% 9.00% 10.50% 9.00% 2016201720182019202020212022202320242025
Shares outstanding
2016201720182019202020212022202320242025
Net debt ($)
$43.34B $43.75B $45.61B $50.76B $51.07B $49.37B $48.01B $52.23B $59.45B $67.06B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.30% 1.10% 2.00% 3.60% -0.70% 5.20% 4.50% 3.50% 3.80% 3.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.95× 1.46× 1.48× 1.50× 1.64× 1.26× 1.19× 1.19× 1.30× 1.39× 2016201720182019202020212022202320242025
EPS ($)
2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin10.6%11.1%10.6%8.6%13.0%7.7%13.3%10.0%6.7%5.8%
Net margin5.2%5.8%5.0%5.3%8.1%-1.7%6.5%3.2%2.4%3.1%
Return on assets3.1%3.8%3.5%4.5%5.2%-0.7%3.6%2.0%1.1%1.3%
Return on equity9.0%10.5%9.0%11.7%13.9%-2.1%10.4%5.6%3.2%4.4%
Debt / equity1.39×1.30×1.19×1.19×1.26×1.64×1.50×1.48×1.46×1.95×
Current ratio1.221.121.101.170.971.070.970.691.350.95

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.