Energy Transfer LP ET-PE NYSE

Energy Transfer LP (ET-PE) reported declining year-over-year revenue growth of -0.1% through 2025-12 (TTM revenue vs prior-year TTM). Net income showed solid earnings growth of +1.8% YoY, reaching $1.5B in the latest quarter. The net profit margin is 6.5%, which is moderate. The company has maintained profitability in all 4 quarters. The gross margin is 21.6% (low), up 2.8pp vs the prior year. With a $170B market cap, MOAT composite score of 73/100 (strong competitive position).

Criteria proven by this page:

• GROWTH (30/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (100/100, Pass) — proving consistent earnings. Looking at the full 22-year annual history, the company was profitable in 22 of 22 years — a perfect long-term track record
• INCOME (45/100, Partial) — the company is profitable but margin is below 15%
• MOAT (73/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

Overall SharesGrow Score: 54/100 with 3/7 criteria passed.