What is Energy Transfer's equity method investments?

Energy Transfer (ET) reported equity method investments of $3.65B in Q1 2026.

How has Energy Transfer's equity method investments changed year-over-year?

Energy Transfer's equity method investments increased by 11.8% year-over-year, from $3.26B to $3.65B.

What is the long-term trend for Energy Transfer's equity method investments?

Over 5 years (2020 to 2025), Energy Transfer's equity method investments has grown at a 3.2% compound annual growth rate (CAGR), from $3.06B to $3.59B.

What does equity method investments mean?

Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

Energy Transfer ET Equity Method Investments

Equity Method Investments at other companies

OneokOKE

$2.99B+24.1%

Kinetik HoldingsKNTK

$1.99B-5.7%

HES

Hess MidstreamHESM

$80M-6.4%

DT MidstreamDTM

$1.25B-0.6%

EQT CorporationEQT

$3.87B+9.0%

Antero Midstream CorporationAM

$580.97M-3.2%

Segments

By segment

See full

Interstate transportation and storage$2.39B+1.5%

NGL and refined products transportation and services$379M+0.3%

Investment in Sunoco LP$345M—

Crude oil transportation and services$189M-1.0%

Intrastate transportation and storage$152M+1.3%

Midstream$132M+1.5%

Other financials

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

See full

Market cap$65.79B+6.6%

Enterprise value$135.95B+10.5%

P/E15.1×+2.1×

P/S0.7×-0.1×

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×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

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 equity method investments?: Energy Transfer (ET) reported equity method investments of $3.65B in Q1 2026.
How has Energy Transfer's equity method investments changed year-over-year?: Energy Transfer's equity method investments increased by 11.8% year-over-year, from $3.26B to $3.65B.
What is the long-term trend for Energy Transfer's equity method investments?: Over 5 years (2020 to 2025), Energy Transfer's equity method investments has grown at a 3.2% compound annual growth rate (CAGR), from $3.06B to $3.59B.
What does equity method investments mean?: Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.