What is Energy Transfer's capex?

Energy Transfer (ET) reported capex of $1.92B in Q1 2026.

How has Energy Transfer's capex changed year-over-year?

Energy Transfer's capex increased by 56.5% year-over-year, from $1.22B to $1.92B.

What is the long-term trend for Energy Transfer's capex?

Over 4 years (2021 to 2025), Energy Transfer's capex has grown at a 22.2% compound annual growth rate (CAGR), from $2.82B to $6.3B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Energy Transfer ET CapEx

CapEx at other companies

Williams CompaniesWMB

$954M+39.9%

OGE EnergyOGE

$266.8M+6.9%

OneokOKE

$864M+37.4%

Enterprise Products PartnersEPD

$983M-7.4%

TRG

Targa ResourcesTRGP

$899.5M+13.5%

NGL Energy PartnersNGL

$31.64M-16.4%

Other financials

Income statement

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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

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Cash & equivalents$951.0M+110%

Total debt$71.1B+17.3%

Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%

Free cash flow$1.5B-13.6%

Valuation

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Market cap$66B+7.7%

Enterprise value$136.16B+12.1%

P/E15.1×+2.6×

P/S0.7×0.0×

Profitability

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Gross margin25.2%-0.6pp

Operating margin10.3%-1.0pp

Net margin4.7%-1.2pp

FCF margin4.2%-3.2pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's capex?: Energy Transfer (ET) reported capex of $1.92B in Q1 2026.
How has Energy Transfer's capex changed year-over-year?: Energy Transfer's capex increased by 56.5% year-over-year, from $1.22B to $1.92B.
What is the long-term trend for Energy Transfer's capex?: Over 4 years (2021 to 2025), Energy Transfer's capex has grown at a 22.2% compound annual growth rate (CAGR), from $2.82B to $6.3B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.