Energy Transfer (ET-PI) Invested Capital (2009 - 2026)

Energy Transfer (ET-PI) posted Invested Capital of $103.8 billion for Q1 2026, down 11.54% on a QoQ basis from $117.3 billion in Q4 2025, and down 2.03% year-over-year from $106.0 billion in Q1 2025.

Energy Transfer (ET-PI) Invested Capital (2009 - 2026) Analysis & Trends

Energy Transfer (ET-PI) has reported Invested Capital for 18 consecutive years, with $103.8 billion the latest figure, recorded in Q1 2026.

  • Invested Capital for Q1 2026 came in at $103.8 billion, down 2.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $103.8 billion (down 2.03% YoY), and the FY2025 annual result was $117.3 billion, up 10.93% from the prior year.
  • Invested Capital was $103.8 billion for Q1 2026 at Energy Transfer, down from $117.3 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $117.3 billion in Q4 2025 and troughed at $87.9 billion in Q1 2023.
  • A 5-year average of $98.3 billion and a median of $97.3 billion in 2024 frame the typical range for Invested Capital.
  • Annual changes were most pronounced in 2022 — Invested Capital jumped 70.69% — and 2023, when it decreased 2.6%.
  • Year by year, Invested Capital stood at $88.9 billion in 2022, then advanced by 8.33% to $96.3 billion in 2023, then advanced by 9.81% to $105.8 billion in 2024, then gained by 10.93% to $117.3 billion in 2025, then slipped by 11.54% to $103.8 billion in 2026.
  • Per Business Quant, the three latest ET-PI Invested Capital figures stand at $103.8 billion (Q1 2026), $117.3 billion (Q4 2025), and $108.4 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 59.19 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 61.04 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 33.06 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 103.80 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 21.59 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 40.30 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 54.45 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 12.69 Bn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 47.30 Bn
10 Energy Transfer - - 6.62 Bn 103.80 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 103.80 Bn
Dec 31, 2025 117.34 Bn
Sep 30, 2025 108.44 Bn
Jun 30, 2025 106.29 Bn
Mar 31, 2025 105.95 Bn
Dec 31, 2024 105.78 Bn
Sep 30, 2024 105.44 Bn
Jun 30, 2024 103.09 Bn
Mar 31, 2024 97.27 Bn
Dec 31, 2023 96.33 Bn
Sep 30, 2023 88.64 Bn
Jun 30, 2023 89.09 Bn
Mar 31, 2023 87.90 Bn
Dec 31, 2022 88.92 Bn
Sep 30, 2022 87.99 Bn
Jun 30, 2022 89.42 Bn
Mar 31, 2022 90.25 Bn
Dec 31, 2021 89.05 Bn
Sep 30, 2021 51.55 Bn
Jun 30, 2021 81.57 Bn