Energy Transfer
ET · NYSE · Energy
$21.14
+$0.09 (+0.43%) today
Market Cap
$72.79B
24h Volume
$299.4M
P/E Ratio
14.5
52w High
$21.73
52w Low
$15.15
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Energy Transfer
Energy Transfer operates one of the largest energy infrastructure networks in the United States, spanning natural gas, natural gas liquids, crude oil, and refined products. Structured as a master limited partnership, it makes money on fees for transporting, storing, and processing energy across a vast pipeline network.
In 2025 it signed the first major midstream gas supply agreement for a dedicated data center, with CloudBurst in San Marcos, Texas, and it reports a long list of inbound requests to supply gas or power to data center sites across its footprint. NGL exports through its Nederland and Marcus Hook terminals anchor the base business.
Founded in 1996 and headquartered in Dallas, Texas, Energy Transfer employs more than 22,000 people and trades on the NYSE.
Energy Transfer in the AI buildout
Energy Transfer sits in the Power & Energy layer of the AI buildout. Its Texas pipeline footprint overlaps with one of the fastest growing data center corridors in the country, and the CloudBurst agreement showed it can contract directly with data center developers for gas supply. Management reports heavy inbound interest in similar deals, including potential on-site power arrangements. For now these are early wins on top of a very large diversified midstream base, so AI remains an option on future growth.
ET is tracked in Power & Energy, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
ET trades at $21.14, 91% of the way up its 52-week range of $15.15 to $21.73.
Market cap
Market capitalization is $72.79B, with an AI Exposure Score of 26 out of 100.
Valuation vs peers
Its P/E ratio of 14.5 is below the Power & Energy category median of 30.8.
Next earnings
Energy Transfer is next expected to report earnings on November 4, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Energy Transfer do?
Energy Transfer operates one of the largest midstream networks in the United States, transporting, storing, and processing natural gas, natural gas liquids, crude oil, and refined products. It earns fees across a pipeline system spanning much of the country.
How is Energy Transfer exposed to AI?
Supercycle rates it Peripheral with an AI Exposure Score of 26 out of 100. It signed the first major midstream gas supply agreement for a dedicated data center, with CloudBurst in Texas, and reports many inbound requests for similar deals, though AI remains a small slice of the business.
What is the CloudBurst agreement?
In early 2025 Energy Transfer agreed to supply natural gas to CloudBurst's planned AI data center campus near San Marcos, Texas. It was the first major agreement of its kind for a midstream company and serves as a template for further data center supply deals.
Is ET a pure play AI stock?
No. Supercycle classifies Energy Transfer as Peripheral. Its data center supply agreements are early and real, but its enormous diversified midstream base means AI-linked volumes are a small part of the overall business.
Who leads Energy Transfer?
Marshall McCrea serves as co-chief executive officer. The partnership was co-founded in 1996 by Kelcy Warren, is headquartered in Dallas, Texas, employs more than 22,000 people, and trades on the NYSE under ET.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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