Energy Transfer LP (ET) financial health

ET: undervalued.

Figures as of the 2026-10-19 close.

Is Energy Transfer LP at risk of bankruptcy?

We do not compute an Altman Z-Score for ET: its latest annual report lacks a figure the formula needs, and we would rather say so than estimate it.

How strong are Energy Transfer LP's finances?

It passes 5 of the 8 Piotroski F-Score tests we could evaluate, out of nine, which checks whether profitability, leverage and efficiency improved from one annual report to the next. Which tests it passes, and the red flags in its accounts, are in the full analysis.