Energy Transfer LP
Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (… Read more
Energy Transfer LP (ET) - Net Assets
Latest net assets as of September 2025: $47.14 Billion USD
Based on the latest financial reports, Energy Transfer LP (ET) has net assets worth $47.14 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($129.33 Billion) and total liabilities ($82.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $47.14 Billion |
| % of Total Assets | 36.45% |
| Annual Growth Rate | 20.2% |
| 5-Year Change | 44.43% |
| 10-Year Change | 96.65% |
| Growth Volatility | 31.68 |
Energy Transfer LP - Net Assets Trend (2004–2024)
This chart illustrates how Energy Transfer LP's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Energy Transfer LP (2004–2024)
The table below shows the annual net assets of Energy Transfer LP from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $46.43 Billion | +3.84% |
| 2023-12-31 | $44.72 Billion | +8.66% |
| 2022-12-31 | $41.15 Billion | +2.55% |
| 2021-12-31 | $40.13 Billion | +24.81% |
| 2020-12-31 | $32.15 Billion | -7.29% |
| 2019-12-31 | $34.68 Billion | +10.62% |
| 2018-12-31 | $31.35 Billion | +4.49% |
| 2017-12-31 | $30.00 Billion | +33.15% |
| 2016-12-31 | $22.53 Billion | -4.58% |
| 2015-12-31 | $23.61 Billion | +5.75% |
| 2014-12-31 | $22.33 Billion | +36.90% |
| 2013-12-31 | $16.31 Billion | -0.24% |
| 2012-12-31 | $16.35 Billion | +121.28% |
| 2011-12-31 | $7.39 Billion | +18.27% |
| 2010-12-31 | $6.25 Billion | +94.01% |
| 2009-12-31 | $3.22 Billion | +37.66% |
| 2008-12-31 | $2.34 Billion | +27.46% |
| 2007-12-31 | $1.84 Billion | +23.60% |
| 2006-12-31 | $1.48 Billion | +32.11% |
| 2005-12-31 | $1.12 Billion | -4.06% |
| 2004-12-31 | $1.17 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Energy Transfer LP's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.20 Billion | 88.82% |
| Other Comprehensive Income | $73.00 Million | 0.21% |
| Other Components | $3.85 Billion | 10.97% |
| Total Equity | $35.12 Billion | 100.00% |
Energy Transfer LP Competitors by Market Cap
The table below lists competitors of Energy Transfer LP ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Motorola Solutions Inc
NYSE:MSI
|
$61.87 Billion |
|
ENEL Societa per Azioni
PINK:ENLAY
|
$61.90 Billion |
|
Wheaton Precious Metals Corp
NYSE:WPM
|
$62.18 Billion |
|
Valero Energy Corporation
NYSE:VLO
|
$62.18 Billion |
|
Petroleo Brasileiro S.A.
MC:XPBRA
|
$61.45 Billion |
|
Westpac Banking Corporation
PINK:WEBNF
|
$61.40 Billion |
|
Mitsubishi Corporation
OTCGREY:MTSUY
|
$61.26 Billion |
|
BP PLC
F:BPE
|
$61.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Energy Transfer LP's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,684,000,000 to 35,120,000,000, a change of -1,564,000,000 (-4.3%).
- Net income of 4,814,000,000 contributed positively to equity growth.
- Dividend payments of 4,623,000,000 reduced retained earnings.
- Share repurchases of 3,466,000,000 reduced equity.
- Other comprehensive income increased equity by 45,000,000.
- Other factors increased equity by 1,666,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.81 Billion | +13.71% |
| Dividends Paid | $4.62 Billion | -13.16% |
| Share Repurchases | $3.47 Billion | -9.87% |
| Other Comprehensive Income | $45.00 Million | +0.13% |
| Other Changes | $1.67 Billion | +4.74% |
| Total Change | $- | -4.26% |
Book Value vs Market Value Analysis
This analysis compares Energy Transfer LP's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $-0.70 | $18.79 | x |
| 2005-12-31 | $-0.17 | $18.79 | x |
| 2006-12-31 | $0.09 | $18.79 | x |
| 2007-12-31 | $-0.06 | $18.79 | x |
| 2008-12-31 | $0.04 | $18.79 | x |
| 2009-12-31 | $0.08 | $18.79 | x |
| 2010-12-31 | $0.49 | $18.79 | x |
| 2011-12-31 | $0.42 | $18.79 | x |
| 2012-12-31 | $2.29 | $18.79 | x |
| 2013-12-31 | $0.96 | $18.79 | x |
| 2014-12-31 | $0.66 | $18.79 | x |
| 2015-12-31 | $-0.63 | $18.79 | x |
| 2016-12-31 | $-1.16 | $18.79 | x |
| 2017-12-31 | $-0.50 | $18.79 | x |
| 2018-12-31 | $14.37 | $18.79 | x |
| 2019-12-31 | $8.31 | $18.79 | x |
| 2020-12-31 | $6.88 | $18.79 | x |
| 2021-12-31 | $11.43 | $18.79 | x |
| 2022-12-31 | $10.66 | $18.79 | x |
| 2023-12-31 | $11.55 | $18.79 | x |
| 2024-12-31 | $10.27 | $18.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Energy Transfer LP utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.82%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 3.57x
- Recent ROE (13.71%) is below the historical average (101.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | 19.18% | 0.82x | 0.00x | $487.05 Million |
| 2005 | 0.00% | 2.38% | 1.25x | 0.00x | $155.56 Million |
| 2006 | 234.18% | 1.36% | 1.33x | 129.49x | $102.56 Million |
| 2007 | 0.00% | 4.70% | 0.83x | 0.00x | $324.07 Million |
| 2008 | 979.79% | 4.04% | 0.84x | 289.20x | $371.22 Million |
| 2009 | 602.14% | 8.17% | 0.45x | 165.49x | $435.12 Million |
| 2010 | 43.98% | 2.92% | 0.38x | 39.65x | $148.93 Million |
| 2011 | 82.31% | 3.76% | 0.39x | 55.52x | $272.17 Million |
| 2012 | 12.39% | 1.79% | 0.35x | 19.94x | $58.70 Million |
| 2013 | 18.13% | 0.41% | 0.96x | 46.56x | $87.90 Million |
| 2014 | 87.92% | 1.14% | 0.86x | 89.54x | $561.00 Million |
| 2015 | 0.00% | 2.82% | 0.59x | 0.00x | $1.26 Billion |
| 2016 | 0.00% | 2.65% | 0.47x | 0.00x | $1.12 Billion |
| 2017 | 0.00% | 2.35% | 0.47x | 0.00x | $1.01 Billion |
| 2018 | 8.06% | 3.13% | 0.61x | 4.20x | $-406.70 Million |
| 2019 | 16.05% | 6.49% | 0.55x | 4.51x | $1.33 Billion |
| 2020 | -3.50% | -1.66% | 0.41x | 5.13x | $-2.50 Billion |
| 2021 | 17.47% | 8.11% | 0.64x | 3.38x | $2.34 Billion |
| 2022 | 14.40% | 5.29% | 0.85x | 3.20x | $1.45 Billion |
| 2023 | 10.73% | 5.01% | 0.69x | 3.10x | $266.60 Million |
| 2024 | 13.71% | 5.82% | 0.66x | 3.57x | $1.30 Billion |
Industry Comparison
This section compares Energy Transfer LP's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Energy Transfer LP (ET) | $47.14 Billion | 0.00% | 1.74x | $61.61 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |