Energy Transfer LP (ET) Financial Ratios: P/E, ROE & More

Energy Transfer LP (ET) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Energy Transfer LP had a P/E ratio of 13.57 (down from 15.27), return on equity of 11.9% (down from 14.4%), debt-to-equity of 1.42 (up from 1.30) and a current ratio of 1.22 (up from 1.12). A current ratio of 1.22 means current assets exceed current liabilities. Its dividend yield was 8.05% with a payout ratio of 106.6%.

Energy Transfer LP Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	13.57	15.27	12.51	8.47	4.90	-
Forward P/E	11.19	15.13	10.88	8.26	6.22	5.57
P/S Ratio	0.66	0.81	0.55	0.41	0.38	0.43
P/B Ratio	1.15	1.45	0.97	0.89	0.63	0.52
Price/Tangible Book	3.12	3.13	2.17	1.93	1.50	1.60
Price/FCF	14.72	9.14	6.76	6.47	3.04	7.47
Price/OCF	5.58	5.83	4.54	4.05	2.27	2.27
PEG Ratio	1.09	0.97	1.81	1.58	1.55	1.86
Enterprise Value Ratios
EV/Revenue	1.55	1.72	1.35	1.10	1.27	2.12
EV/EBITDA	8.86	9.90	8.34	8.05	6.79	8.65
EV/EBIT	14.27	15.46	12.74	12.17	9.73	14.09
EV/FCF	34.55	19.35	16.48	17.44	10.28	37.00
Profitability & Returns
Return on Equity (ROE)	11.93%	14.41%	12.33%	14.44%	18.50%	0.42%
Return on Assets (ROA)	4.37%	4.81%	4.73%	4.80%	5.48%	3.77%
Return on Invested Capital (ROIC)	7.81%	8.31%	8.37%	8.71%	9.83%	2.55%
Return on Capital Employed (ROCE)	7.40%	8.20%	8.10%	8.50%	9.30%	6.60%
Leverage & Solvency Ratios
Debt/Equity	1.42	1.30	1.19	1.19	1.26	1.63
Debt/EBITDA	4.61	4.18	4.16	3.97	3.97	5.43
Debt/FCF	18.23	8.25	8.29	8.66	6.06	23.46
Liquidity Ratios
Current Ratio	1.22	1.12	1.10	1.17	0.97	1.07
Quick Ratio	0.85	0.84	0.83	0.86	0.74	0.73
Efficiency Ratios
Asset Turnover	0.64	0.69	0.72	0.85	0.67	0.40
Inventory Turnover	17.64	24.14	26.28	34.22	28.76	17.55
Yield & Distribution Ratios
Earnings Yield	7.82%	7.17%	9.06%	12.96%	21.55%	-3.88%
FCF Yield	6.79%	10.95%	14.79%	15.47%	32.88%	13.38%
Dividend Yield	8.05%	6.57%	9.66%	8.44%	7.69%	22.03%
Payout Ratio	106.59%	96.03%	107.96%	64.08%	34.70%	-
Buyback Yield	-0.85%	-7.66%	-2.59%	-13.05%	-1.63%	-2.20%
Total Return	7.20%	-1.08%	7.07%	-4.61%	6.06%	19.83%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Energy Transfer LP Financial Ratios

What is Energy Transfer LP's P/E ratio?

Energy Transfer LP's P/E ratio was 13.57 for fiscal 2025 (period ended Dec 31, 2025). It was 15.27 a year earlier.

What is Energy Transfer LP's return on equity?

Energy Transfer LP's return on equity (ROE) was 11.9% for fiscal 2025 (period ended Dec 31, 2025). It was 14.4% a year earlier.

What is Energy Transfer LP's debt-to-equity ratio?

Energy Transfer LP's debt-to-equity ratio was 1.42 for fiscal 2025 (period ended Dec 31, 2025). It was 1.30 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition