Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
ET · NYSE · Energy
Fundamental quality
53
out of 100
Energy Transfer Lp earns a fundamental-quality score of 53 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its growth (revenue +20.3%/yr). Its weakest area is its financial strength (net debt 3.99× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Energy Transfer is one of America's largest pipeline empires: gas, oil and liquids crossing the country through more than 125,000 miles of ducts, export terminals included. Structured as a master limited partnership, it pays generous distributions with tax advantages and extra paperwork.
EPS growth: -0.7% · Revenue growth: 20.3%
Net margin: 4.9% · ROE: 10.6% · ROIC: 7.3%
Net debt/EBITDA: 3.99x · FCF: 4.9%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.
Percentile against the other 30 Energy companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 38,954 | -648 | 2,231 | 51,071 |
| 2021 | 67,417 | 5,470 | 8,340 | 49,366 |
| 2022 | 89,876 | 4,756 | 5,670 | 48,005 |
| 2023 | 78,586 | 3,935 | 6,421 | 52,227 |
| 2024 | 82,671 | 4,814 | 7,342 | 59,448 |
| 2025 | 85,536 | 4,433 | 3,846 | 67,061 |
Between 2020 and 2025, revenue went from $38,954M to $85,536M (+120%) and net income went from -$648M to $4,433M (+784%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.
The serious investor's standard
Open free account →Anyone who wants low commissions and access to almost any market in the world.
Popular in the U.S.
Open free account →Anyone investing in the U.S. who wants a powerful, commission-free stock app.
Investing carries risk of loss.
Is Energy Transfer Lp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Energy Transfer Lp a good company to invest in?
In terms of business quality, Energy Transfer Lp scores 53 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Energy Transfer Lp a profitable company?
Energy Transfer Lp is profitable, with a net margin of 4.9%, though a thin one.
Does Energy Transfer Lp have a lot of debt?
Yes, its leverage is high: net debt is 3.99 times its EBITDA, and it has been rising.
Is Energy Transfer Lp growing?
Its revenue has grown 20.3% annualized in recent years.
Does Energy Transfer Lp generate cash?
Yes. It converts about 4.9% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
More Energy companies
Schlumberger (SLB) · EOG Resources (EOG) · Marathon Petroleum (MPC) · Phillips 66 (PSX) · Valero Energy (VLO) · Occidental Petroleum (OXY) · see more →
The best Energy stocks by our model →
Compare Energy Transfer Lp with 500+ companies in the screener →
Who's behind the methodology and model · how the score is computed
Data: see Energy Transfer Lp's filings on EDGAR
Spotted a figure that looks wrong? Report it and we'll review it.