Energy Transfer (ET) Midstream — Investments in unconsolidated affiliates

Screener

Other segment segments

Interstate transportation and storage

$2.39B+1.7%

NGL and refined products transportation and services

$374M+0.8%

Investment in Sunoco LP

$341M—

Crude oil transportation and services

$187M-0.5%

Intrastate transportation and storage

$156M+3.3%

All other

$63M—

Similar metrics at other companies

EPDNGL Pipelines & Services — Investments in unconsolidated affiliates

$564M-2.4%

EPDNatural Gas Pipelines & Services — Investments in unconsolidated affiliates

$31M-3.1%

EPDPetrochemical & Refined Products Services — Investments in unconsolidated affiliates

$2M+100%

EPDCrude Oil Pipelines & Services — Investments in unconsolidated affiliates

$1.57B-2.6%

SMP

SMPEngineered Solutions — Investments in unconsolidated affiliates

$1.74M-18.2%

SMP

SMPNissens Automotive — Investments in unconsolidated affiliates

$0—

Other financials

Income statement

See full

Revenue$34.3B+78.4%

Gross profit$7.4B+39.7%

Operating income$3.6B+54.8%

Net income$2.1B+79.5%

EPS (diluted)$0.59+84.4%

Balance sheet

See full

Cash & equivalents$1.0B+321%

Total debt$70.2B+14.1%

Total assets$148.17B+18.5%

Cash flow

See full

Operating cash flow$4.3B+54.6%

CapEx$1.6B-5.7%

Free cash flow$2.7B+145%

Valuation

See full

Market cap$69.31B+17.7%

Enterprise value$138.53B+15.2%

P/E13.1×+0.7×

P/S0.7×-0.1×

Profitability

See full

Gross margin23.6%-2.8pp

Operating margin10%-1.4pp

Net margin4.9%-1.0pp

FCF margin5.1%-2.0pp

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 source filing: Energy Transfer’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 4:46 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001276187-26-000038

Line item	June 30,2026	December 31,2025
Investments in unconsolidated affiliates (1):
Intrastate transportation and storage	$156	$151
Interstate transportation and storage	2,385	2,353
Midstream	131	130
NGL and refined products transportation and services	374	362
Crude oil transportation and services	187	190
Investment in Sunoco LP	341	342
All other	63	61

Item 1. FINANCIAL STATEMENTS (unaudited)

FAQ

What is Energy Transfer's midstream — investments in unconsolidated affiliates?: Energy Transfer (ET) reported midstream — investments in unconsolidated affiliates of $131M in Q2 2026.
How has Energy Transfer's midstream — investments in unconsolidated affiliates changed year-over-year?: Energy Transfer's midstream — investments in unconsolidated affiliates increased by 1.6% year-over-year, from $129M to $131M.
What does midstream — investments in unconsolidated affiliates mean?: This metric tracks the total capital invested by the midstream segment into joint ventures and partnerships that are not consolidated. It reflects the company's strategy of utilizing partnerships to share risk and capital requirements for large-scale projects.