Master limited partnership
Energy Transfer LP (ET)
Energy Transfer LP trades as ET on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.
Price as of Aug 25, 2026 (8 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.
The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.
Our stored payment history for ET begins in 2006. The run of increases above ends inside that history rather than at its edge, so the figure is measured within what we hold and is not a floor. A streak is counted on the split-adjusted payment, so a share split does not read as a cut.
A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.
What ET is
Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natural gas producers in Pennsylvania. In the NGL sector, Energy Transfer possesses approximately 5,215 miles of NGL pipelines, along with facilities for NGL and propane fractionation. Its NGL storage solutions include facilities with a working capacity of around 50 million barrels (MMBbls), supplemented by additional storage assets and terminals totaling about 17 MMBbls. The company is actively involved in the transportation, terminalling, acquisition, and marketing of crude oil, as well as the distribution of refined petroleum products like gasoline, middle distillates, and motor fuels. Complementing these primary operations, Energy Transfer offers specialized services such as natural gas compression, removal of carbon dioxide and hydrogen sulfide, natural gas cooling, dehydration, and Britis
ET is a master limited partnership. You hold units, not shares, and you are a limited partner rather than a shareholder. The partnership pays no entity-level tax; it passes income and deductions through to unitholders, who receive a Schedule K-1 each year instead of a 1099.
A large part of a typical MLP distribution is treated as return of capital that lowers your cost basis and is recaptured when you sell. K-1s arrive late, can require state filings, and units held inside a retirement account can generate unrelated business taxable income. Read how MLPs work.
Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.
Payment history
Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.
The table lists the 24 most recent recorded distributions for ET, newest first, with ex-dates running from Nov 05, 2020 to Aug 07, 2026. The latest is $0.3400 per share in USD, ex-date Aug 07, 2026, pay date Aug 19, 2026. Measured against the nearest payment about a year earlier, 20 are higher, 4 lower and 0 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.
How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.
| Ex-dateOwn it before this day and this payment is yours. | Pay date | Amount per shareWhat one share received on that date, before tax. | Cadence tagged by provider | Type | vs. a year earlier |
|---|---|---|---|---|---|
| Aug 07, 2026 | Aug 19, 2026 | $0.3400 | Quarterly | Regular | +3.03% |
| May 08, 2026 | May 20, 2026 | $0.3375 | Quarterly | Regular | +3.05% |
| Feb 06, 2026 | Feb 19, 2026 | $0.3350 | Quarterly | Regular | +3.08% |
| Nov 07, 2025 | Nov 19, 2025 | $0.3325 | Quarterly | Regular | +3.10% |
| Aug 08, 2025 | Aug 19, 2025 | $0.3300 | Quarterly | Regular | +3.13% |
| May 09, 2025 | May 20, 2025 | $0.3275 | Quarterly | Regular | +3.15% |
| Feb 07, 2025 | Feb 19, 2025 | $0.3250 | Quarterly | Regular | +3.17% |
| Nov 08, 2024 | Nov 19, 2024 | $0.3225 | Quarterly | Regular | +3.20% |
| Aug 09, 2024 | Aug 19, 2024 | $0.3200 | Quarterly | Regular | +3.23% |
| May 10, 2024 | May 20, 2024 | $0.3175 | Quarterly | Regular | +3.25% |
| Feb 06, 2024 | Feb 20, 2024 | $0.3150 | Quarterly | Regular | +3.28% |
| Oct 27, 2023 | Nov 20, 2023 | $0.3125 | Quarterly | Regular | +17.92% |
| Aug 11, 2023 | Aug 21, 2023 | $0.3100 | Quarterly | Regular | +34.78% |
| May 05, 2023 | May 22, 2023 | $0.3075 | Quarterly | Regular | +53.75% |
| Feb 06, 2023 | Feb 21, 2023 | $0.3050 | Quarterly | Regular | +74.29% |
| Nov 03, 2022 | Nov 21, 2022 | $0.2650 | Quarterly | Regular | +73.20% |
| Aug 05, 2022 | Aug 19, 2022 | $0.2300 | Quarterly | Regular | +50.33% |
| May 06, 2022 | May 19, 2022 | $0.2000 | Quarterly | Regular | +30.72% |
| Feb 07, 2022 | Feb 18, 2022 | $0.1750 | Quarterly | Regular | +14.75% |
| Nov 04, 2021 | Nov 19, 2021 | $0.1530 | Quarterly | Regular | +0.33% |
| Aug 05, 2021 | Aug 19, 2021 | $0.1530 | Quarterly | Regular | -49.84% |
| May 10, 2021 | May 19, 2021 | $0.1530 | Quarterly | Regular | -49.84% |
| Feb 05, 2021 | Feb 19, 2021 | $0.1525 | Quarterly | Regular | -50.00% |
| Nov 05, 2020 | Nov 19, 2020 | $0.1525 | Quarterly | Regular | -50.00% |
The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.
A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.
Distributions by calendar year
Calendar-year totals, bucketed by ex-dividend date: every regular distribution whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual distribution figure.
The chart covers 10 complete calendar years for ET, 2016 to 2025, per share, in USD. Each bar totals the regular distributions with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own distribution year. Our stored payment history for ET begins in 2006. The total went from $1.14 in 2016 to $1.31 in 2025 — 15% higher. Within that span 6 years were higher than the year before and 3 lower. The three most recent years shown are 2023 $1.24, 2024 $1.27 and 2025 $1.31. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 distributions a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.
Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.
| Year | Paid per share that yearEvery regular payment dated in that year, added up, for one share. | Payments in the yearA count that differs from the usual one means a payment moved across a year end. | Change on the year before |
|---|---|---|---|
| 2016 | $1.14 | 4 | -23.49% |
| 2017 | $1.15 | 4 | +0.88% |
| 2018 | $1.22 | 4 | +6.09% |
| 2019 | $1.22 | 4 | 0.00% |
| 2020 | $1.07 | 4 | -12.50% |
| 2021 | $0.61 | 4 | -42.72% |
| 2022 | $0.87 | 4 | +42.27% |
| 2023 | $1.24 | 4 | +41.95% |
| 2024 | $1.27 | 4 | +3.24% |
| 2025 | $1.31 | 4 | +3.14% |
Similar securities
The eight closest master limited partnership entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.
These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.
| Ticker | Name | Price | Trailing 12m yieldCash paid out over the last year, over today's price. | Paid over 12 months | Pays |
|---|---|---|---|---|---|
| PAA | Plains All American Pipeline, L.P. | $24.70 | 6.61% | $1.63 | Quarterly |
| GLP | Global Partners LP | $49.74 | 6.15% | $3.06 | Quarterly |
| EPD | Enterprise Products Partners L.P. | $38.27 | 5.76% | $2.21 | Quarterly |
| SPH | Suburban Propane Partners, L.P. | $17.63 | 7.37% | $1.30 | Quarterly |
| MPLX | MPLX Lp | $58.36 | 7.38% | $4.31 | Quarterly |
| SUN | Sunoco LP | $74.60 | 5.15% | $3.84 | Quarterly |
| WES | Western Midstream Partners, LP | $47.94 | 7.68% | $3.68 | Quarterly |
| USAC | USA Compression Partners, LP | $26.76 | 7.85% | $2.10 | Quarterly |
Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.