What does midstream — goodwill, acquired during period mean?

Captures the value of goodwill recognized specifically from business combinations completed within the midstream segment during the reporting period. This metric highlights the capital deployed toward inorganic growth and the premium paid over the fair value of acquired midstream assets. It serves as a key indicator of the company's aggressive expansion strategy through mergers and acquisitions.

Energy Transfer ET Midstream — Goodwill, Acquired During Period

Other segment segments

Investment in Sunoco LP

$1.53B+9,463%

All Other

$0—

Crude Oil Transportation and Services

$0—

NGL and Refined Products Transportation and Services

$0—

Similar metrics at other companies

SRMidstream — Goodwill

$0—

KNTKMidstream Logistics — Goodwill

$5.1M—

MPCMidstream — Gross goodwill

$11.93B+10.3%

SUNPipeline Systems — Goodwill, Acquired During Period

$9.5M—

MORNMorningstar Wealth Segment — Goodwill, Acquired During Period

$0—

MORNCorporate and Other — Goodwill, Acquired During Period

$139.6M—

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$65.18B+6.4%

Enterprise value$135.33B+11.5%

P/E14.9×+2.4×

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×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Energy Transfer’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about Energy Transfer's midstream — goodwill, acquired during period.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Energy Transfer's midstream — goodwill, acquired during period?: Energy Transfer (ET) reported midstream — goodwill, acquired during period of $0 in Q4 2025.
What does midstream — goodwill, acquired during period mean?: Captures the value of goodwill recognized specifically from business combinations completed within the midstream segment during the reporting period. This metric highlights the capital deployed toward inorganic growth and the premium paid over the fair value of acquired midstream assets. It serves as a key indicator of the company's aggressive expansion strategy through mergers and acquisitions.