---
title: "ET Energy Transfer"
canonical: "https://supercyclehq.com/stock/energy-transfer"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "ET"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Energy Transfer (ET)

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.

## AI Exposure Score

**26/100, Peripheral.** Energy Transfer signed the first major midstream gas supply deal for a dedicated data center and discloses a large pipeline of similar inquiries. Its massive diversified midstream base means AI-linked demand remains a small slice of the total business.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $20.34 |
| Change 1d | -2.73% |
| Change 7d | -1.26% |
| Change 30d | -0.64% |
| Change 1y | +29.91% |
| 52-week high | $21.73 |
| 52-week low | $15.38 |
| Market cap | $70.0B |
| P/E | 13.93 |
| EPS | $1.46 |
| Next earnings | 2026-11-03 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Energy |
| Headquarters | Dallas, TX |
| CEO | Marshall S. McCrea III |
| Employees | 22,311 |
| Website | https://energytransfer.com |
| Buildout layers | [Power & Energy](https://supercyclehq.com/category/power-energy) |

## What the company does

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.

## Role 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.

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/energy-transfer. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.