ET (Energy Transfer LP) Dividend Payout Ratio: 0.95 (As of Mar. 2026) — 16% Above Median

What is Energy Transfer LP Dividend Payout Ratio?

Energy Transfer LP ET -0.05% 84 Dividend Payout Ratio is 0.95 as of Mar. 2026, which is 16% above its 10-year median of 0.82. GuruFocus rates ET with a GF Score™ of 84/100 and a GF Value™ of $19.07 (Fairly Valued). The stock has 10 warning signs investors should review. Among 433 Oil & Gas companies, Energy Transfer LP ranks worse than 79.91% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Energy Transfer LP's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.95.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Energy Transfer LP is 1.03, which seems too high.

The historical rank and industry rank for Energy Transfer LP's Dividend Payout Ratio or its related term are showing as below:

ET' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.82 Max: 1.64
Current: 1.03

During the past 13 years, the highest Dividend Payout Ratio of Energy Transfer LP was 1.64. The lowest was 0.32. And the median was 0.82.

ET's Dividend Payout Ratio is ranked worse than
79.91% of 433 companies
in the Oil & Gas industry
Industry Median: 0.5 vs ET: 1.03

As of today (2026-06-27), the Dividend Yield % of Energy Transfer LP is 6.95%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Energy Transfer LP was 25.58%. The lowest was 5.35%. And the median was 7.57%.

Energy Transfer LP's Dividends per Share for the months ended in Mar. 2026 was $0.34.

During the past 12 months, Energy Transfer LP's average Dividends Per Share Growth Rate was 3.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Energy Transfer LP was 92.30% per year. The lowest was -20.60% per year. And the median was 6.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Energy Transfer LP (NYSE:ET) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Energy Transfer LP Dividend Payout Ratio Related Terms

Energy Transfer LP Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Energy Transfer LP's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Energy Transfer LP Dividend Payout Ratio Chart

Energy Transfer LP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.32

0.61

0.97

1.12

1.01

Energy Transfer LP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.90	1.01	1.16	1.03	0.95

ET vs KMI, MPLX, TRGP: Dividend Payout Ratio Comparison

For the Oil & Gas Midstream subindustry, Energy Transfer LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Energy Transfer LP Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Energy Transfer LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Energy Transfer LP's Dividend Payout Ratio falls into.

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84GF Score

Energy Transfer LP ET

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Energy Transfer LP Dividend Payout Ratio Calculation

Energy Transfer LP's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.315	/	1.297
	=	1.01

Energy Transfer LP's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.335	/	0.352
	=	0.95

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.95 mean?

Energy Transfer LP (ET) has a Dividend Payout Ratio of 0.95 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Energy Transfer LP and its competitors. This is 16% above median its historical median of 0.82. Over the past decade, Energy Transfer LP's Dividend Payout Ratio has ranged from 0.32 to 1.64. According to the industry distribution chart, Energy Transfer LP ranks #346 out of 433 companies in the Oil & Gas industry, placing it in the top 79.9%.

Is Energy Transfer LP's Dividend Payout Ratio too high?

Energy Transfer LP's current Dividend Payout Ratio of 0.95 is 16% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.64. The Oil & Gas industry median Dividend Payout Ratio is 0.50. Energy Transfer LP's value of 0.95 is 90% above this industry median. Based on the distribution chart, Energy Transfer LP ranks #346 out of 433 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Energy Transfer LP has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Energy Transfer LP's Dividend Payout Ratio compare to KMI and MPLX?

According to the Oil & Gas industry distribution chart, Energy Transfer LP ranks #346 out of 433 companies for Dividend Payout Ratio. This places Energy Transfer LP in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. Energy Transfer LP's value of 0.95 is 90% above this benchmark. Historically, Energy Transfer LP's own Dividend Payout Ratio has ranged from 0.32 to 1.64 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.50, Energy Transfer LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 433 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Energy Transfer LP's current Dividend Payout Ratio of 0.95 is 90% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Energy Transfer LP and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Transfer LP's current Dividend Payout Ratio is 0.95, which is 16% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Energy Transfer LP stock overvalued right now?

Based on GuruFocus' analysis, Energy Transfer LP (ET) is currently considered Fairly Valued. The stock's GF Value™ is $19.07, compared to a current price of $19.17 — trading 0.5% above its estimated fair value. The current Dividend Payout Ratio is 0.95, which is 16% above median its 10-year median of 0.82 and 90% above the Oil & Gas industry median of 0.50. Energy Transfer LP's overall GF Score™ is 84/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Energy Transfer LP (ET), the current Dividend Payout Ratio is 0.95 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Energy Transfer LP (ET) Overvalued in 2026?

Based on GuruFocus' analysis, Energy Transfer LP stock appears to be overvalued. The current stock price of $19.17 is trading 0.5% above its estimated GF Value™ of $19.07. GuruFocus considers Energy Transfer LP to be Fairly Valued.

Key valuation signals for ET:

Dividend Payout Ratio: 0.95 (16% above median its 10-year median of 0.82)
GF Value™: $19.07 vs. price of $19.17 (0.5% above fair value)
GF Score™: 84/100 with 10 warning signs
Industry Position: 90% above the Oil & Gas median (#346 of 433)

No single metric tells the full story. See the ET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Energy Transfer LP Business Description

Industry Energy Oil & Gas

Comparable Companies KMI MPLX TRGP OKE EPD LNG WMB VG CQP WES TSX:ENB TSX:TRP TSX:PPL SHSE:601872 PAA HKSE:01138 DTM TSX:ALA AM TSX:KEY

Address 8111 Westchester Drive, Suite 600, Dallas, TX, USA, 75225

Website https://www.energytransfer.com

Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved through its network of field-level gathering and processing to refineries and demand centers. Operations are concentrated in Texas and the midcontinent United States. It also controls Sunoco and USA Compression through its general partner relationship.

84GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.17

Price

$19.07

GF Value

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