Energy Transfer LP(ET)Stock Analysis
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Rank #632 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
ET Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Energy Transfer LP (ET), a Energy sector company. 13F Pro's AI-powered ranking engine scores ET at 64.5/100 on a 32-signal composite quality model, placing it at rank #632 of 2,879 stocks — the top 25% of the AI-ranked universe. ET scores in the top quartile across revenue scale (98.6), institutional flow (75.7). Based on the latest XBRL financial filings (Q1 2026), Energy Transfer LP reports quarterly revenue of $27.8B, net income of $1.3B, an operating margin of 10.7%. Top institutional holders of ET by reported 13-F value include MORGAN STANLEY, ALPS ADVISORS, GOLDMAN SACHS GROUP, based on the most recent SEC filings. ET trades on the NYSE exchange and files with the SEC under CIK 1276187. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ET daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Energy Transfer LP directly from SEC EDGAR. Energy Transfer LP's 13F Pro composite quality score has ranged between 40 and 69 since 2021, currently 64.5 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q1 2026
$27.8B
Net Income
Q1 2026
$1.3B
Free Cash Flow
Q1 2026
$1.5B
Operating Margin
Q1 2026
10.7%
ROIC
Q1 2026
2.5%
D/E Ratio
Q1 2026
1.39
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+5.2% YoYNet Income
+22.3% YoYOperating Income
+10.2% YoYTotal Assets
+10.3% YoYTotal Debt
+11.9% YoYOp. Cash Flow
+20.4% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2017 | FY 2015 |
|---|---|---|---|---|---|---|
| Revenue | $82.67B +5.2% | $78.59B -12.6% | $89.88B +130.7% | $38.95B -3.9% | $40.52B +12.3% | $36.10B |
| Net Income | $4.81B +22.3% | $3.94B -17.3% | $4.76B +834.0% | $-648.0M -167.9% | $954.0M -19.8% | $1.19B |
| Operating Income | $9.14B +10.2% | $8.29B +7.2% | $7.74B +159.7% | $2.98B +9.5% | $2.72B +19.0% | $2.29B |
| Total Assets | $125.38B +10.3% | $113.70B +7.6% | $105.64B +11.0% | $95.14B +10.3% | $86.25B +21.2% | $71.14B |
| Total Debt | $59.77B +11.9% | $53.40B +10.6% | $48.26B -6.2% | $51.46B +15.7% | $44.50B +19.9% | $37.10B |
| Operating Cash Flow | $11.51B +20.4% | $9.55B +5.6% | $9.05B +23.0% | $7.36B +66.2% | $4.43B +52.5% | $2.90B |
AI Insight: ET Financial Trends
Energy Transfer's debt surged 20% over eight quarters to $69.4B while operating cash flow remains volatile, signaling potential leverage concerns despite recent revenue growth.
• Revenue jumped 32% from $19.2B in Q2 2025 to $27.8B in Q1 2026, marking the highest quarterly revenue on record.
• Total debt increased from $57.9B in Q2 2024 to $69.4B in Q1 2026, representing a $11.5B or 20% increase.
• Operating income rose to $3.0B in Q1 2026, the highest level in the eight-quarter period.
⚠ Operating cash flow swung from $1.9B in Q4 2025 to $3.4B in Q1 2026, highlighting continued volatility.
⚠ Net income declined to $928M in Q4 2025, the lowest in the period, before rebounding to $1.3B.
AI Insight: ET Ratio Trends
Energy Transfer's operating margin compressed from 12.0% peak in Q2 2025 to 8.2% in Q4 2025 before recovering to 10.7% in Q1 2026.
• Operating margin fell from 12.0% in Q2 2025 to 8.2% in Q4 2025, then rebounded to 10.7% in Q1 2026.
• Net profit margin declined from 6.3% in Q1 2025 to 3.7% in Q4 2025 before improving to 4.5% in Q1 2026.
• ROIC dropped from 16.7% in Q1 2025 to 12.2% in Q4 2025, then surged to 17.2% in Q1 2026.
• ROA compressed from 4.2% in Q1 2025 to 2.6% in Q4 2025 before recovering to 3.4% in Q1 2026.
⚠ Q4 2025 marked the weakest profitability quarter across all metrics before Q1 2026 recovery.
⚠ Q1 2026 ROIC of 17.2% represents the highest level since Q1 2025's 16.7%.
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Available Research
13F Pro tracks comprehensive data for Energy Transfer LP including:
Top Institutional Holders of ET
MORGAN STANLEY
$1.7B87,230,414 shALPS ADVISORS INC
$1.7B85,957,579 shGOLDMAN SACHS GROUP INC
$1.2B60,419,647 shInvesco Ltd.
$1.1B56,091,478 shTORTOISE CAPITAL ADVISORS, L.L.C.
$761.6M39,462,878 shBlackstone Inc.
$600.6M31,120,745 shUBS Group AG
$597.8M30,973,018 shBANK OF AMERICA CORP /DE/
$597.5M30,956,358 shEnergy Income Partners, LLC
$486.5M25,207,455 shKAYNE ANDERSON CAPITAL ADVISORS LP
$474.4M24,582,320 sh
| Fund | Value | Shares |
|---|---|---|
| MORGAN STANLEY | $1.7B | 87,230,414 |
| ALPS ADVISORS INC | $1.7B | 85,957,579 |
| GOLDMAN SACHS GROUP INC | $1.2B | 60,419,647 |
| Invesco Ltd. | $1.1B | 56,091,478 |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $761.6M | 39,462,878 |
| Blackstone Inc. | $600.6M | 31,120,745 |
| UBS Group AG | $597.8M | 30,973,018 |
| BANK OF AMERICA CORP /DE/ | $597.5M | 30,956,358 |
| Energy Income Partners, LLC | $486.5M | 25,207,455 |
| KAYNE ANDERSON CAPITAL ADVISORS LP | $474.4M | 24,582,320 |
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Popular Research
Is ET a good stock to buy?
13F Pro's AI-powered analysis of Energy Transfer LP (ET) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ET are available on the ET stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ET?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ET. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Energy Transfer LP's investment landscape.