Energy Transfer LP
Research Energy Transfer LP (ET) on Bullrun: valuation model: 6.3% overvalued, market cap USD 72.36B, P/E 14.4, dividend yield 6.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerET
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal6.3% overvalued
- Market capUSD 72.36B
- P/E14.4
- Dividend yield6.3%
- Financial periodQ2 2026
- RevenueUSD 34.33B
- Net incomeUSD 2.09B
- Free cash flowUSD 2.71B
- Gross margin17.0%
Valuation Snapshot
Bullrun's latest valuation model marks Energy Transfer LP as 6.3% overvalued; latest market cap is USD 72.36B; P/E is 14.4; dividend yield is 6.3%.
Peer valuation comparison
Latest P/E is 14.4x versus a Energy sector median of 14.75x (2.4% below).
Latest dividend yield is 6.3% versus a Energy sector median of 3.8% (65.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 85.54B | USD 4.43B | USD 3.85B | 25.8% | 1.21 | USD 1.27B | USD 68.33B | USD 49.01B |
| FY2024 | USD 82.67B | USD 4.81B | USD 7.34B | 25.0% | 1.28 | USD 312.00M | USD 59.76B | USD 46.02B |
| FY2023 | USD 78.59B | USD 3.94B | USD 6.42B | 23.0% | n/a | USD 161.00M | USD 52.39B | USD 43.94B |
| FY2022 | USD 89.88B | USD 4.76B | USD 5.67B | 19.6% | n/a | USD 257.00M | USD 48.26B | USD 40.66B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 72.36B | 14.4 | 6.4% | 1.35 |
| 2025 | 2025-12-31 | USD 56.73B | 13.6 | 8.0% | 1.32 |
| 2024 | 2024-12-31 | USD 67.22B | 15.2 | 6.5% | 1.28 |
| 2023 | 2023-12-29 | USD 46.40B | 13.0 | 9.0% | 1.24 |
| 2022 | 2022-12-30 | USD 36.66B | 8.8 | 7.4% | 0.88 |
| 2021 | 2021-12-31 | USD 25.37B | 4.3 | 7.3% | 0.6 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.35 USD, yield 6.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.32 USD |
| FY2024 | 1.28 USD |
| FY2023 | 1.24 USD |
| FY2022 | 0.88 USD |
About Energy Transfer LP
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments. The company owns and operates natural gas transportation pipelines and storage facilities;
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Frequently asked questions
Is Energy Transfer LP overvalued or undervalued?
Bullrun's valuation model currently marks Energy Transfer LP as 6.3% overvalued.
What is Energy Transfer LP's market cap?
Energy Transfer LP's market capitalization is USD 72.36B.
What is Energy Transfer LP's P/E ratio?
Energy Transfer LP's price-to-earnings (P/E) ratio is 14.4.
Does Energy Transfer LP pay a dividend?
Energy Transfer LP has a dividend yield of 6.3%.
What does Energy Transfer LP do?
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.