Energy Transfer LP Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	85,536	82,671	78,586	89,876	67,417
Revenue Growth (YoY)	3.47%	5.20%	-12.56%	33.31%	73.07%
Cost of Revenue	63,495	61,975	60,541	72,232	50,395
Gross Profit	22,041	20,696	18,045	17,644	17,022
Selling, General & Admin	1,180	1,177	985	1,018	818
Depreciation & Amortization Expenses	5,682	5,165	4,385	4,164	3,817
Other Operating Expenses	6,152	5,216	4,380	4,724	3,595
Total Operating Expenses	13,014	11,558	9,750	9,906	8,230
Operating Income	9,027	9,138	8,295	7,738	8,792
Interest Income	419	379	383	257	246
Interest Expense	-3,474	-3,125	-2,578	-2,306	-2,267
Other Non-Operating Income (Expense)	86	714	-503	383	100
Total Non-Operating Income (Expense)	-2,969	-2,032	-2,698	-1,666	-1,921
Pretax Income	6,058	7,106	5,597	6,072	6,871
Provision for Income Taxes	350	541	303	204	184
Net Income	4,173	4,394	3,469	4,330	5,179
Minority Interest in Earnings	1,279	1,755	1,362	1,116	1,223
Net Income Attributable to Preferred Dividends	256	416	463	422	285
Net Income to Common	4,173	4,394	3,469	4,330	5,179
Net Income Growth	-5.03%	26.66%	-19.89%	-16.39%	-
Shares Outstanding (Basic)	3,433	3,395	3,162	3,093	2,740
Shares Outstanding (Diluted)	3,450	3,421	3,177	3,093	2,740
Shares Change (YoY)	0.85%	7.66%	2.73%	12.87%	1.65%
EPS (Basic)	1.22	1.29	1.10	1.40	1.89
EPS (Diluted)	1.21	1.28	1.09	1.40	1.89
EPS Growth	-5.47%	17.43%	-22.14%	-25.93%	-
Free Cash Flow	3,946	7,415	6,461	5,726	8,383
Free Cash Flow Growth	-46.78%	14.77%	12.84%	-31.70%	264.79%
Free Cash Flow Per Share	1.14	2.17	2.03	-	-
Dividends Per Share	1.325	1.285	1.245	1.000	0.632
Dividend Growth	3.11%	3.21%	24.50%	58.10%	-30.87%
Gross Margin	25.77%	25.03%	22.96%	19.63%	25.25%
Operating Margin	10.55%	11.05%	10.56%	8.61%	13.04%
Profit Margin	6.67%	7.94%	6.74%	6.53%	9.92%
FCF Margin	4.61%	8.97%	8.22%	6.37%	12.43%
EBITDA	14,709	14,303	12,680	11,902	12,609
EBITDA Margin	17.20%	17.30%	16.14%	13.24%	18.70%
EBIT	9,027	9,138	8,295	7,738	8,792
EBIT Margin	10.55%	11.05%	10.56%	8.61%	13.04%
Effective Tax Rate	5.78%	7.61%	5.41%	3.36%	2.68%

Updated Feb 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q