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Energy Transfer L.P.

ET Utilities Natural Gas Distribution
$20.04
▲ +2.5% Today
as of Oct 22, 16:48 ET
Last 30 days -6.75% Sep 14 → Oct 22
$19.39 $19.96 $20.52 $21.08 $21.65 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$20.12
High
$20.26
Low
$19.80
Volume
$7M
Avg Vol
$13M
Mkt Cap
$69.2B
P/E (TTM)
—
Beta
—
52w High
$21.84
52w Low
$16.18
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 25 items

mixed ▲ 0 ● 25 ▼ 0
Oct 16 · 12:15 24/7 Wall St. neutral
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Oct 14 · 10:46 Zacks neutral
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ET earnings at a glance

The options market is pricing a move of about ±1.2% after the report, a range of roughly $19.80 to $20.28 from today's $20.04. Over its last 2 reports the stock rose the next day 1 time and fell 1, moving ±1.9% on average; after the most recent report on May 5, 2026 it moved +1.5%. That means options currently expect less movement than ET has typically delivered. ET beat the consensus EPS estimate in 1 of its last 4 reported quarters. Implied volatility is currently 29%. The share price of $20.04 sits in the middle of its 52-week range.

More Utilities stocks · All stocks · Earnings calendar

Overview

52-week range
$16
$22
68% of range
Avg surprise (last 4)
-3.5%
Avg reaction (last 2)
-0.4%
50% positive
Latest IV / EM
29%
EM ±1.2% · $20 · Oct 2

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.22$0.06$0.33$0.61$0.88 Actual $0.36Est $0.33Actual $0.32Est $0.32Actual $0.28Est $0.33Actual $0.35Est $0.38 Mar/2025Jun/2025Sep/2025Mar/2026
Revenue vs Net Income Revenue Net income
$0$9.0B$18.0B$27.0B$36.1B Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue May 5, 2026Mar/2026 $0.35 $0.38 -7.9% -2.8% +1.5% earnings
Wed Nov 5, 2025Sep/2025 $0.28 $0.33 -15.2% — — earnings
Wed Aug 6, 2025Jun/2025 $0.32 $0.32 0.0% — — earnings
Tue May 6, 2025Mar/2025 $0.36 $0.33 +9.1% — -2.3% earnings

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$34.33B$27.77B—$19.95B$19.24B$21.02B—$20.77B
Cost of revenue$26.94B$21.15B—$14.56B$13.95B$15.57B—$15.61B
Gross profit————————
Operating income$3.57B$2.98B—$2.15B$2.31B$2.49B—$2.18B
Net income$2.09B$1.25B—$1.02B$1.16B$1.32B—$1.18B
EPS (diluted)————————

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$1.02B—$1.27B$3.57B$242M—$312M—
Inventory$4.38B$4.64B$4.77B$3.27B$2.79B$2.79B$3.07B$2.50B
Total current assets$23.11B$22.26B$18.23B$17.44B$13.67B$15.24B$14.20B$13.34B
Total assets$148.17B$147.48B$141.29B$129.33B$125.02B$126.42B$125.38B$124.43B
Long-term debt$68.39B$69.32B$68.31B$63.10B$60.75B$59.78B$59.75B$58.99B
Total liabilities————————
Total equity—$49.74B$49.01B$45.34B$45.53B$46.16B$46.02B$46.18B

Implied volatility — last 90 days

16%26%37%47%57% Jun 07 — IV 25% · EM ±2.3%Jun 08 — IV 27% · EM ±2.2%Jun 09 — IV 22% · EM ±1.6%Jun 10 — IV 24% · EM ±1.4%Jun 11 — IV 37% · EM ±1.6%Jun 15 — IV 24% · EM ±1.7%Jun 16 — IV 30% · EM ±1.8%Jun 17 — IV 34% · EM ±1.4%Jun 19 — IV 22% · EM ±2.4%Jun 22 — IV 18% · EM ±1.5%Jun 23 — IV 27% · EM ±1.9%Jun 24 — IV 26% · EM ±1.6%Jun 25 — IV 34% · EM ±1.4%Jun 29 — IV 18% · EM ±4.3%Jun 30 — IV 19% · EM ±4.4%Jul 01 — IV 20% · EM ±0.8%Jul 03 — IV 18% · EM ±2.0%Jul 06 — IV 21% · EM ±1.8%Jul 07 — IV 26% · EM ±1.9%Jul 08 — IV 20% · EM ±1.2%Jul 09 — IV 31% · EM ±1.3%Jul 13 — IV 24% · EM ±2.0%Jul 14 — IV 22% · EM ±1.6%Jul 15 — IV 25% · EM ±1.5%Jul 16 — IV 33% · EM ±1.4%Jul 20 — IV 23% · EM ±1.9%Jul 21 — IV 22% · EM ±1.6%Jul 22 — IV 22% · EM ±1.3%Jul 23 — IV 21% · EM ±0.9%Jul 27 — IV 21% · EM ±1.8%Jul 28 — IV 26% · EM ±1.9%Jul 29 — IV 25% · EM ±1.5%Jul 30 — IV 32% · EM ±1.4%Aug 03 — IV 46% · EM ±3.8%Aug 04 — IV 44% · EM ±3.2%Aug 05 — IV 51% · EM ±3.0%Aug 06 — IV 47% · EM ±2.0%Aug 10 — IV 21% · EM ±1.7%Aug 11 — IV 22% · EM ±1.6%Aug 12 — IV 17% · EM ±1.0%Aug 13 — IV 30% · EM ±1.3%Aug 17 — IV 19% · EM ±1.6%Aug 18 — IV 20% · EM ±1.5%Aug 19 — IV 27% · EM ±1.6%Aug 20 — IV 57% · EM ±2.4%Aug 24 — IV 20% · EM ±1.7%Aug 25 — IV 18% · EM ±1.3%Aug 26 — IV 17% · EM ±1.0%Aug 27 — IV 26% · EM ±1.1%Aug 31 — IV 19% · EM ±1.6%Sep 01 — IV 23% · EM ±1.7%Sep 02 — IV 20% · EM ±1.2%Sep 03 — IV 20% · EM ±0.8%Sep 07 — IV 19% · EM ±1.6%Sep 08 — IV 18% · EM ±1.3%Sep 09 — IV 23% · EM ±1.4%Sep 10 — IV 53% · EM ±2.2%Sep 14 — IV 21% · EM ±1.7%Sep 15 — IV 24% · EM ±1.7%Sep 16 — IV 25% · EM ±1.5%Sep 17 — IV 27% · EM ±1.1%Sep 21 — IV 20% · EM ±1.7%Sep 22 — IV 21% · EM ±1.5%Sep 23 — IV 26% · EM ±1.6%Sep 24 — IV 34% · EM ±1.4%Sep 28 — IV 20% · EM ±4.6%Sep 29 — IV 18% · EM ±4.2%Sep 30 — IV 31% · EM ±1.8%Oct 01 — IV 29% · EM ±1.2%

Sector peers

KMI
Kinder Morgan, Inc.
$70.9B $33.72+0.5%
TRGP
Targa Resources, Inc.
$60.9B $289.54-1.1%
TRP
TC Energy Corporation
$59.1B $61.98+0.3%
EPD
Enterprise Products Partners L.P.
$79.7B $36.52-1.2%
MPLX
MPLX LP
$57.8B $58.18-0.4%
SRE
Sempra
$52.1B $84.77+2.4%

ET earnings FAQ

What is ET's expected move for earnings?

Options currently price a move of about ±1.2%, or $0.24 per share either way from $20.04.

How does ET stock usually react to earnings?

Across the last 2 reports the average next-day move was ±1.9%, up 1 times and down 1 times.

What is ET's implied volatility?

ET's at-the-money implied volatility is about 29% based on the latest options snapshot.

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