Energy Transfer (ET) vs MPLX (MPLX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Energy Transfer is the larger company by market cap ($70.28 billion vs $57.08 billion), about 1.2 times the size, while MPLX is growing revenue faster (+8.9% vs +3.5%). On valuation, MPLX trades at a lower forward P/E (11.7x vs 11.7x for Energy Transfer). MPLX offers the higher dividend yield (7.65% vs 6.59%).
MPLX converts more of its revenue into profit, with a net margin of 38.1% versus 5.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ET | MPLX |
|---|---|---|
| Share price | $20.41 | $56.30 |
| Market cap | $70.28B | $57.08B |
| 1-day change | -1.02% | -1.78% |
| YTD return | — | +5.49% |
| 1-year return | — | +16.59% |
| 5-year return | — | +80.91% |
| P/E ratio (TTM) | 13.98 | 12.11 |
| Forward P/E | 11.70 | 11.68 |
| EPS (TTM) | $1.46 | $4.65 |
| Dividend yield | 6.59% | 7.65% |
| Annual dividend | $1.35 | $4.31 |
| Revenue (latest FY) | $85.54B | $13.00B |
| Revenue growth (YoY) | +3.47% | +8.92% |
| Net income (latest FY) | $4.43B | $4.95B |
| Gross margin | 25.77% | — |
| Operating margin | 10.55% | 45.72% |
| Net margin | 5.18% | 38.10% |
| 52-week high | $21.84 | $60.95 |
| 52-week low | $16.18 | $47.94 |
| Distance from 52-week high | -6.55% | -7.63% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +21.22% | +11.63% |
| Average volume | 8.87M | 1.41M |
| Shares outstanding | 3.44B | 1.01B |
| Employees | 22,311 | — |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MPLX offers a meaningfully higher dividend yield (7.65% vs 6.59%).
- MPLX is more profitable, keeping 38.1 cents of every revenue dollar as net income versus 5.2 cents for Energy Transfer.
- MPLX grew revenue faster in its latest fiscal year (+8.92% vs +3.47%).
About Energy Transfer
ET stock →Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.
Energy · Oil & Gas Midstream · 22,311 employees
About MPLX
MPLX stock →MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Crude Oil and Products Logistics; and Natural Gas and NGL Services.
Energy · Natural Gas Distribution
ET vs MPLX FAQ
Which is bigger, Energy Transfer or MPLX?
Energy Transfer (ET) is larger, with a market capitalization of $70.28B compared with $57.08B for MPLX (MPLX).
Which has the lower P/E ratio, ET or MPLX?
MPLX has the lower trailing P/E at 12.1, versus 14.0 for ET. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Energy Transfer or MPLX?
MPLX has the higher yield at 7.65%, compared with 6.59% for Energy Transfer.
Are Energy Transfer and MPLX in the same industry?
Both are in the Energy sector, but in different industries: Oil & Gas Midstream for Energy Transfer and Natural Gas Distribution for MPLX.