ET - Energy Transfer LP
Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
As of May 15, 2026: spot at $20.20, ATM IV 20.1%, max pain $19.00, net GEX $35.0M.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Market Cap
- $69.17B
- P/E Ratio
- 14.32
- Beta
- 0.57
- 52-Week Range
- 16.18-20.67
- Dividend Yield
- $1.33
- CEO
- Marshall S. McCrea
- Employees
- 16,248
- IPO Date
- Feb 3, 2006
- Exchange
- NYSE
What ET Looks Like to Options Traders Today
IV rank of 44.8% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($35.0M) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.038) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The ET overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure. Corporate data is on fundamentals, earnings, analyst ratings, and insider trading.
Frequently asked ET overview questions
- What is ET?
- ET is the ticker symbol for Energy Transfer LP, a listed security. Energy Transfer LP provides energy-related services. The company owns and operates approximately 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas and two natural gas storage facilities located in the state of Texas and Oklahoma; and 19,830 miles of interstate natural gas pipeline. Listed on NYSE. ET is the equity ticker shown on this page; equity options traders use the security for directional, volatility, and income strategies via the listed options chain.
- What does the ET options snapshot look like today?
- As of May 15, 2026, the ET options snapshot shows spot at $20.20, ATM IV 20.1%, IV rank 44.8%, max pain $19.00, net GEX $35.0M, expected move 5.76%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are ET's key statistics?
- Energy Transfer LP (ET) carries a market capitalization of $69.17B, trailing P/E ratio of 14.32, beta of 0.57 relative to the broader market, 52-week range of 16.18-20.67. Full income statement, balance sheet, cash flow, and TTM ratio history is on the per-ticker fundamentals page; daily price history and 52-week levels are accessible from the same view. These structural inputs frame how the options market prices implied volatility around earnings windows and capital events.
- What sector or industry does ET belong to?
- Energy Transfer LP operates in the Energy sector, in the Oil & Gas Midstream industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare ET's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the ET data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Company-profile fields (sector, industry, market cap, P/E, IPO date) refresh from the vendor feed nightly. Financials and earnings refresh as 10-K and 10-Q filings are parsed (typically within several business days of the actual report). FINRA microstructure data refreshes on the source's cadence (daily for short volume, bi-monthly for short interest, weekly for the OTC volume file, twice-monthly for SEC FTD).