Energy Transfer (ET) Intangibles (2010 - 2026)
Energy Transfer's (ET) quarterly Intangibles came in at $7.2 billion in Q2 2026, up 24.0% on a YoY basis from $5.8 billion in Q2 2025, and down 1.84% quarter-over-quarter from $7.3 billion in Q1 2026.
Analysis
Energy Transfer (ET) Intangibles (2010 - 2026) Analysis & Trends
Energy Transfer (ET) has reported Intangibles for 17 consecutive years, with $7.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Intangibles rose 24.0% year-over-year to $7.2 billion; the trailing twelve-month figure through Jun 2026 stood at $7.2 billion (up 24.0% YoY), and the FY2025 full-year result was $7.4 billion, up 24.57% from the prior year.
- Intangibles fell to $7.2 billion in Q2 2026 per ET's latest filing, from $7.3 billion in the prior quarter.
- Across five years, Intangibles topped out at $7.4 billion in Q4 2025 and bottomed at $5.2 billion in Q3 2023.
- Historically, Intangibles has averaged $6.0 billion across 5 years, with a median of $5.8 billion in 2025.
- The sharpest annual moves came in 2022 and 2025: Intangibles slipped 7.53% in 2022, then climbed 24.57% in 2025.
- Over 5 years, Intangibles stood at $5.4 billion in 2022, then increased by 15.22% to $6.2 billion in 2023, then slipped by 4.3% to $6.0 billion in 2024, then climbed by 24.57% to $7.4 billion in 2025, then decreased by 3.74% to $7.2 billion in 2026.
- According to Business Quant data, Intangibles over the past three periods registered $7.2 billion, $7.3 billion, and $7.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.87 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 4.05 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.16 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 659.00 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.32 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 2.84 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 2.87 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | - |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 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 |