Energy Transfer (ET) Intangibles (2010 - 2026)
Energy Transfer's Intangibles came in at $7.16 billion for Q2 2026, up 24.0% from $5.77 billion a year earlier but down 1.8% from the prior quarter.
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Analysis
Energy Transfer (ET) Intangibles (2010 - 2026) Analysis & Trends
At the end of FY2025, Energy Transfer's Intangibles was $7.44 billion, up 24.6% from FY2024.
- Intangibles carries a five-year compound annual growth rate of 5.3% (FY2020 to FY2025).
- Going back by year, Intangibles was $5.97 billion in FY2024 (-4.3%), $6.24 billion in FY2023 (+15.2%), $5.42 billion in FY2022 (-7.5%) and $5.86 billion in FY2021 (+1.9%).
- The five-year range for quarterly Intangibles is $5.2 billion (Q3 2023) to $7.44 billion (Q4 2025).
- Year-over-year, Intangibles has increased for three consecutive quarters, with growth averaging 8.5% over the last eight quarters.
- The fastest year-over-year change in Intangibles over five years came in Q4 2025 (growth of 24.6%), and the weakest in Q4 2022 (a decline of 7.5%).
- Business Quant data shows ET's Intangibles at $7.29 billion (Q1 2026), $7.44 billion (Q4 2025) and $5.66 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 2.87 Bn |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 4.05 Bn |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 7.16 Bn |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 1.87 Bn |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | - |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 2.11 Bn |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 1.32 Bn |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | - |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 2.84 Bn |
| 10 | Venture Global | 31.21 Bn | 25.77 Bn | 2.92 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.16 Bn |
| Mar 31, 2026 | 7.29 Bn |
| Dec 31, 2025 | 7.44 Bn |
| Sep 30, 2025 | 5.66 Bn |
| Jun 30, 2025 | 5.77 Bn |
| Mar 31, 2025 | 5.89 Bn |
| Dec 31, 2024 | 5.97 Bn |
| Sep 30, 2024 | 6.10 Bn |
| Jun 30, 2024 | 6.20 Bn |
| Mar 31, 2024 | 6.11 Bn |
| Dec 31, 2023 | 6.24 Bn |
| Sep 30, 2023 | 5.20 Bn |
| Jun 30, 2023 | 5.30 Bn |
| Mar 31, 2023 | 5.32 Bn |
| Dec 31, 2022 | 5.42 Bn |
| Sep 30, 2022 | 5.51 Bn |
| Jun 30, 2022 | 5.61 Bn |
| Mar 31, 2022 | 5.61 Bn |
| Dec 31, 2021 | 5.86 Bn |
| Sep 30, 2021 | 5.47 Bn |
API Access
Energy Transfer Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "ET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();