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Energy Transfer LP (ET)
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ET Dividends

Energy Transfer LP (ET) pays $1.34 in dividends per share, with a current dividend yield of 6.95%. The company has dividend history for 4 consecutive years.

ET Dividend Summary

Consecutive Years

4

Most Recent Ex-Date

May 8, 2026

Most Recent Payment

May 20, 2026

ET Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

ET Dividends CAGR Chart

Energy Transfer LP (ET)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$0.67
2025$1.32+3.14%
2024$1.28+3.24%
2023$1.24+41.95%
2022$0.87+42.62%
2021$0.61-42.86%
2020$1.07-12.50%
2019$1.22+0.00%
2018$1.22+6.09%
2017$1.15+0.88%
2016$1.14+11.76%
2015$1.02+35.98%
2014$0.75+15.07%
2013$0.65+4.30%
2012$0.63+6.38%
2011$0.59+8.80%
2010$0.54+2.61%
2009$0.53+7.95%
2008$0.49+33.65%
2007$0.36N/A

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$0.34+3.05%
Q1 2026$0.34+3.08%
Q4 2025$0.33+3.10%
Q3 2025$0.33+3.13%
Q2 2025$0.33+3.15%
Q1 2025$0.33+3.17%
Q4 2024$0.32+3.20%
Q3 2024$0.32+3.23%
Q2 2024$0.32+3.25%
Q1 2024$0.32+3.28%
Q4 2023$0.31+17.92%
Q3 2023$0.31+34.78%
Q2 2023$0.31+53.75%
Q1 2023$0.30+74.29%
Q4 2022$0.27+73.77%
Q3 2022$0.23+50.82%
Q2 2022$0.20+31.15%
Q1 2022$0.17+14.75%
Q4 2021$0.15+0.00%
Q3 2021$0.15-50.00%
Q2 2021$0.15-50.00%
Q1 2021$0.15-50.00%
Q4 2020$0.15-50.00%
Q3 2020$0.30+0.00%

Dividend Yield Metrics

Current Yield
6.95%
Average Yield (TTM)
6.95%
Average Yield (3Y)
6.63%
Forward Yield on Cost (3Y)
14.97%
Forward Yield on Cost (5Y)
24.99%
Forward Yield on Cost (10Y)
89.89%

Payout Ratio Analysis

Payout Ratio (Current)
99.60%
FCF Payout Ratio
133.35%
Payout Ratio (3Y Avg)
102.60%
Payout Ratio (5Y Avg)
80.44%
FCF Payout (3Y Avg)
81.52%
FCF Payout (5Y Avg)
62.39%

An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.

Dividend Coverage

Payout Ratio
99.6%
Dividends / net income
FCF Payout Ratio
133.3%
Dividends / free cash flow
Consecutive Years
4 years
Years with regular dividend payments
5Y Dividend Growth
4.3%
Compound annual dividend growth

About Energy Transfer LP

Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natural gas producers in Pennsylvania. In the NGL sector, Energy Transfer possesses approximately 5,215 miles of NGL pipelines, along with facilities for NGL and propane fractionation. Its NGL storage solutions include facilities with a working capacity of around 50 million barrels (MMBbls), supplemented by additional storage assets and terminals totaling about 17 MMBbls. The company is actively involved in the transportation, terminalling, acquisition, and marketing of crude oil, as well as the distribution of refined petroleum products like gasoline, middle distillates, and motor fuels. Complementing these primary operations, Energy Transfer offers specialized services such as natural gas compression, removal of carbon dioxide and hydrogen sulfide, natural gas cooling, dehydration, and British thermal unit (BTU) management. Furthermore, its operations extend to managing coal and other natural resource properties, selling standing timber, leasing coal-related infrastructure, collecting oil and gas royalties, and generating electrical power. Established in 1996 and headquartered in Dallas, Texas, the company officially adopted its current name, Energy Transfer LP, in October 2018, having previously been known as Energy Transfer Equity, L.P.

Dallas, TX
16,248 employees
Energy / Oil & Gas Midstream
Sector
Energy
Industry
Oil & Gas Midstream
CEO
Marshall S. McCrea