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Energy Transfer LP is a Delaware limited partnership with common units publicly traded on the NYSE under the ticker symbol ET. Unless the context requires otherwise, references to we, us, our, the Partnership and Energy Transfer mean Energy Transfer LP and its consolidated subsidiaries, which include SunocoCorp, Sunoco LP and USAC.
$20.07
+$0.06 (+0.30%)
Price from 12 days ago
10.55% operating margin is respectable but not wide. ROIC at 7.68%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 3.5%, steady but not accelerating. Free cash flow declined 48% despite revenue growth, conversion is weakening.
Free cash flow declined 48% versus the prior year, cash generation momentum has weakened. Net debt of $68.93B represents 17.9x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$92.29B
▲ +3.5% YoY
Net Income (TTM)
$4.36B
▼ -7.9% YoY
Op. Margin
10.31%
▼ -0.5pp YoY
ROIC
7.95%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$3.62B
▼ -47.6% YoY
Op. Cash Flow (TTM)
$10.61B
▼ -11.8% YoY
Net Debt
$70.16B
Cash & Equiv.
$951M
5Y CAGR: +17.0%
5Y CAGR: +11.5%
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