Energy Transfer LP (ET) - Total Assets
Based on the latest financial reports, Energy Transfer LP (ET) holds total assets worth $147.48 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check how aggressively does Energy Transfer LP reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Energy Transfer LP - Total Assets Trend (2004–2025)
This chart illustrates how Energy Transfer LP's total assets have evolved over time, based on quarterly financial data. Explore how much of Energy Transfer LP's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Energy Transfer LP - Asset Composition Analysis
Current Asset Composition (December 2025)
Energy Transfer LP's total assets of $147.48 Billion consist of 12.9% current assets and 87.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $1.27 Billion | 0.9% |
| Accounts Receivable | $11.45 Billion | 8.1% |
| Inventory | $4.99 Billion | 3.5% |
| Property, Plant & Equipment | $103.98 Billion | 73.4% |
| Intangible Assets | $7.44 Billion | 5.3% |
| Goodwill | $5.45 Billion | 3.9% |
Asset Composition Trend (2004–2025)
This chart illustrates how Energy Transfer LP's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Energy Transfer LP market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Energy Transfer LP's current assets represent 12.9% of total assets in 2025, a decrease from 16.8% in 2004.
- Cash Position: Cash and equivalents constituted 0.9% of total assets in 2025, down from 2.9% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, a decrease from 12.0% in 2004.
- Asset Diversification: The largest asset category is property, plant & equipment at 73.4% of total assets.
Energy Transfer LP Competitors by Total Assets
Key competitors of Energy Transfer LP based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Plains All American Pipeline LP
NASDAQ:PAA
|
USA | $31.64 Billion |
|
Golar LNG Limited
NASDAQ:GLNG
|
USA | $5.33 Billion |
|
Scorpio Tankers Inc.
F:S0QA
|
Germany | €4.08 Billion |
|
Viper Energy Ut
NASDAQ:VNOM
|
USA | $12.05 Billion |
|
FLEX LNG Ltd
OL:FLNG
|
Norway | Nkr2.63 Billion |
|
Transportadora de Gas del Norte SA Class C
BA:TGNO4
|
Argentina | AR$1.30 Trillion |
|
Fluxys Belgium
BR:FLUX
|
Belgium | €3.28 Billion |
|
Enbridge Inc
TO:ENB
|
Canada | CA$318.47 Billion |
Energy Transfer LP - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.17 | 1.12 | 0.96 |
| Quick Ratio | 1.17 | 0.92 | 0.77 |
| Cash Ratio | 0.00 | 0.03 | 0.03 |
| Working Capital | $3.22 Billion | $1.67 Billion | $-339.00 Million |
Energy Transfer LP - Advanced Valuation Insights
This section examines the relationship between Energy Transfer LP's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.01 |
| Latest Market Cap to Assets Ratio | 0.46 |
| Asset Growth Rate (YoY) | 13.0% |
| Total Assets | $141.74 Billion |
| Market Capitalization | $64.52 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Energy Transfer LP's assets below their book value (0.46x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Energy Transfer LP's assets grew by 13.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Energy Transfer LP (2004–2025)
The table below shows the annual total assets of Energy Transfer LP from 2004 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $141.74 Billion | +13.05% |
| 2024-12-31 | $125.38 Billion | +10.27% |
| 2023-12-31 | $113.70 Billion | +7.62% |
| 2022-12-31 | $105.64 Billion | -0.30% |
| 2021-12-31 | $105.96 Billion | +11.37% |
| 2020-12-31 | $95.14 Billion | -3.87% |
| 2019-12-31 | $98.97 Billion | +12.16% |
| 2018-12-31 | $88.25 Billion | +2.32% |
| 2017-12-31 | $86.25 Billion | +9.16% |
| 2016-12-31 | $79.01 Billion | +10.99% |
| 2015-12-31 | $71.19 Billion | +10.42% |
| 2014-12-31 | $64.47 Billion | +28.09% |
| 2013-12-31 | $50.33 Billion | +2.92% |
| 2012-12-31 | $48.90 Billion | +134.03% |
| 2011-12-31 | $20.90 Billion | +20.24% |
| 2010-12-31 | $17.38 Billion | +42.91% |
| 2009-12-31 | $12.16 Billion | +9.85% |
| 2008-12-31 | $11.07 Billion | +35.28% |
| 2007-12-31 | $8.18 Billion | +38.13% |
| 2006-12-31 | $5.92 Billion | +20.48% |
| 2005-12-31 | $4.92 Billion | +71.62% |
| 2004-12-31 | $2.87 Billion | -- |
About 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