Every 424B that Energy Transfer LP (ET) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ET and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ET filings page.
Energy Transfer is offering $1,750,000,000 aggregate principal amount of fixed-to-fixed reset junior subordinated notes due 2057.
The offering is split into $650,000,000 of Series 2026A notes (6.550% to 1/15/2032, then Five‑year U.S. Treasury + 2.336%) and $1,100,000,000 of Series 2026B notes (6.700% to 1/15/2037, then Five‑year U.S. Treasury + 2.219%). Net proceeds of approximately $1,727,200,000 are intended to redeem Series H Preferred Units, repay commercial paper and revolving credit borrowings and for general partnership purposes.
Energy Transfer LP is offering $3.0 billion aggregate principal amount of senior unsecured notes in three series: $1.0 billion of 4.550% notes due 2031, $1.0 billion of 5.350% notes due 2036, and $1.0 billion of 6.300% notes due 2056. Interest starts accruing on January 27, 2026 and is paid semi-annually each January 15 and July 15, with final maturities on January 15 of 2031, 2036 and 2056.
The notes are senior unsecured obligations ranking equally with other senior unsecured debt and structurally subordinated to approximately $13 billion of subsidiary indebtedness as of September 30, 2025. None of the subsidiaries will initially guarantee the notes, though future credit facility guarantors must also guarantee them.
Energy Transfer expects net proceeds of about $2.97 billion, to be used to refinance existing indebtedness, including commercial paper and borrowings under its revolving credit facility, and for general partnership purposes. After this refinancing, there would have been no outstanding borrowings under its revolving credit facility as of September 30, 2025. The notes are callable at a make-whole premium before specified par call dates and at par thereafter, and no sinking fund or exchange listing is provided.
Energy Transfer LP is offering three new series of senior unsecured notes maturing in 2031, 2036 and 2056. The notes will pay fixed interest semi‑annually each January 15 and July 15, starting July 15, 2026, and are issued as senior obligations ranking equally with the partnership’s other unsecured senior debt and ahead of any subordinated debt.
Energy Transfer may redeem each series before maturity, initially at a make‑whole price and, after specified “par call” dates, at 100% of principal plus accrued interest. There is no sinking fund, and the notes will not be guaranteed by subsidiaries when issued, so they are structurally subordinated to existing subsidiary debt. The notes are expected to settle on a T+10 basis through DTC, Clearstream and Euroclear, and no stock exchange listing is planned.
The partnership expects to use the net proceeds primarily to refinance existing indebtedness, including commercial paper and borrowings under its revolving credit facility, and for general partnership purposes. Recent developments highlighted include upsizing the planned Desert Southwest gas pipeline expansion and suspending the Lake Charles LNG project to focus capital on other natural gas infrastructure.