What is Energy Transfer's market cap?

Energy Transfer (ET) has a market capitalization of $68.3B and trades on NYSE.

What is Energy Transfer's revenue and profitability?

Energy Transfer generated $92.3B in trailing twelve-month revenue with net income of $4.4B, representing a net margin of 4.7%. Gross margin stands at 25.2%, with free cash flow of $3.8B. These figures are based on the Q1 2026 filing.

Who are Energy Transfer's competitors?

Energy Transfer's key competitors include Targa Resources Corp., Enterprise Products Partners L.P., Williams Companies, Inc., and others. These companies compete in similar markets and product categories.

Who does Energy Transfer partner with?

Energy Transfer's notable partners include Shell.

What subsidiaries does Energy Transfer have?

Energy Transfer's subsidiaries include Sunoco LP, USA Compression Partners, LP, SunocoCorp, and others.

Where is Energy Transfer headquartered?

Energy Transfer is headquartered in United States of America and employs approximately 13,786 people. It has been publicly traded since 2006.

Energy Transfer

Energy Transfer LP is a leading midstream energy partnership that provides a comprehensive suite of logistics services for natural gas, crude oil, and natural gas liquids (NGLs).

Market cap

$68.34B+10.8%

Revenue$92.3B+12.5%

Net income$4.4B-10.9%

Free cash flow$3.8B-36.6%

EPS (diluted)$1.20-9.1%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$27.8BBeat by $2.0B EPS$0.35Miss by $0.05

Read the full report

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$28.7B

EPS estimate$0.37

Financials

Q1 2026

Income statement

See full

Revenue$27.8B+32.1%

Gross profit$6.6B+21.5%

Operating income$3.0B+19.8%

Net income$1.3B-5.2%

EPS (diluted)$0.35-2.8%

Balance sheet

See full

Cash & equivalents$951.0M+110%

Total debt$71.1B+17.3%

Total assets$147.48B+16.7%

Cash flow

See full

Operating cash flow$3.4B+15.8%

CapEx$1.9B+56.5%

Free cash flow$1.5B-13.6%

Valuation & ratios

Valuation

See full

Market cap$68.34B+10.8%

Enterprise value$138.5B+12.6%

P/E15.7×+2.7×

P/S0.7×0.0×

Profitability

See full

Gross margin25.2%-0.6pp

Operating margin10.3%-1.0pp

Net margin4.7%-1.2pp

FCF margin4.2%-3.2pp

Returns & leverage

See full

Current ratio1.2×0.0×

Segments

By segment

See full

Investment in Sunoco LP$10.7B+106%

Crude oil transportation and services$7.8B+25.0%

NGL and refined products transportation and services$6.7B-3.4%

Midstream$3.0B-16.7%

Intrastate transportation and storage$1.2B-10.7%

By product

See full

NGL sales$5.1B-9.1%

Natural gas sales$1.5B-6.5%

Competitors

By market cap

Williams Companies$92.1B+28.6%

Enterprise Products Partners$81.8B+19.7%

Kinder Morgan$72.3B+14.4%

Energy Transfer$68.3B+10.8%

TRG

Targa Resources$59.6B+58.4%

DT Midstream$14.9B+38.4%

National Fuel Gas$7.5B-1.3%

Kinetik Holdings$3.6B+34.8%

By revenue growth

DT Midstream+22.2%

National Fuel Gas+21.2%

Kinder Morgan+13.1%

Energy Transfer+12.5%

Kinetik Holdings+9.2%

Williams Companies+9.0%

TRG

Targa Resources+1.1%

Enterprise Products Partners-9.3%

By net margin

DT Midstream36.29%+1.3pp

National Fuel Gas27.37%+9.3pp

Williams Companies20.62%-6.7pp

Kinder Morgan18.92%+2.2pp

TRG

Targa Resources12.87%+4.9pp

Enterprise Products Partners11.44%+1.2pp

Kinetik Holdings9.85%+5.1pp

Energy Transfer4.73%-1.2pp

Profile

Energy Transfer LP is a leading midstream energy partnership that provides a comprehensive suite of logistics services for natural gas, crude oil, and natural gas liquids (NGLs). The company operates a vast network of infrastructure across the United States, connecting major production basins to key domestic and international markets. Its core value proposition lies in its integrated asset base, which facilitates the gathering, processing, transportation, and storage of energy products.

Competitive position

A dominant midstream player with one of the most geographically diverse and integrated pipeline networks in North America.

GeographiesUnited States, Canada, Mexico

Customer segmentsUtilities, Industrial manufacturers, Upstream producers, Energy marketers

Business modelFee-based infrastructure, Volume-based processing, Commodity marketing

SuppliersExploration and production companies, Wellhead natural gas supply, Pipeline equipment manufacturers

CustomersPower generation facilities, Local gas distribution utilities, Petrochemical plants, Export markets

CountryUnited States of America

Listed2006

Employees13.8K

CEOMarshall S. McCrea

SectorEnergy

IndustryOil & Gas Midstream

Websiteenergytransfer.com

FilingsSEC EDGAR

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Questions, answered.

What is Energy Transfer's market cap?: Energy Transfer (ET) has a market capitalization of $68.3B and trades on NYSE.
What is Energy Transfer's revenue and profitability?: Energy Transfer generated $92.3B in trailing twelve-month revenue with net income of $4.4B, representing a net margin of 4.7%. Gross margin stands at 25.2%, with free cash flow of $3.8B. These figures are based on the Q1 2026 filing.
Who are Energy Transfer's competitors?: Energy Transfer's key competitors include Targa Resources Corp., Enterprise Products Partners L.P., Williams Companies, Inc., and others. These companies compete in similar markets and product categories.
Who does Energy Transfer partner with?: Energy Transfer's notable partners include Shell.
What subsidiaries does Energy Transfer have?: Energy Transfer's subsidiaries include Sunoco LP, USA Compression Partners, LP, SunocoCorp, and others.
Where is Energy Transfer headquartered?: Energy Transfer is headquartered in United States of America and employs approximately 13,786 people. It has been publicly traded since 2006.