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
Operating Revenue	85,536	81,288	77,525	89,049	66,696
Other Revenue	-	1,383	1,061	827	721
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	69,362	66,979	64,785	76,570	53,969
Gross Profit	16,174	15,692	13,801	13,306	13,448
Selling, General & Admin	1,180	1,337	1,109	1,018	818
Operating Expenses	6,862	6,502	5,494	5,182	4,635
Operating Income	9,312	9,190	8,307	8,124	8,813
Interest Expense	-3,474	-3,119	-2,542	-2,013	-2,206
Earnings From Equity Investments	419	379	383	257	246
Other Non Operating Income (Expenses)	120	134	86	90	77
EBT Excluding Unusual Items	6,377	6,584	6,234	6,458	6,930
Gain (Loss) on Sale of Assets	-	586	-	-	-
Asset Writedown	-285	-52	-12	-386	-21
Legal Settlements	-	-	-627	-	-
Other Unusual Items	-34	-12	2	-	-38
Pretax Income	6,058	7,106	5,597	6,072	6,871
Income Tax Expense	350	541	303	204	184
Earnings From Continuing Operations	5,708	6,565	5,294	5,868	6,687
Net Income to Company	5,708	6,565	5,294	5,868	6,687
Minority Interest in Earnings	-1,279	-1,755	-1,362	-1,116	-1,223
Net Income	4,429	4,810	3,932	4,752	5,464
Preferred Dividends & Other Adjustments	256	416	463	422	285
Net Income to Common	4,173	4,394	3,469	4,330	5,179
Net Income Growth	-7.92%	22.33%	-17.26%	-13.03%	-
Shares Outstanding (Basic)	3,433	3,395	3,162	3,087	2,734
Shares Outstanding (Diluted)	3,450	3,421	3,177	3,097	2,740
Shares Change (YoY)	0.85%	7.66%	2.59%	13.05%	1.63%
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	-5.79%	17.66%	-21.89%	-26.05%	-
Free Cash Flow	-	7,342	6,421	5,670	8,340
Free Cash Flow Per Share	-	2.15	2.02	1.83	3.04
Dividend 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	18.91%	18.98%	17.56%	14.80%	19.95%
Operating Margin	10.89%	11.12%	10.57%	9.04%	13.07%
Profit Margin	4.88%	5.32%	4.41%	4.82%	7.68%
Free Cash Flow Margin	-	8.88%	8.17%	6.31%	12.37%
EBITDA	14,900	14,355	12,692	12,288	12,630
EBITDA Margin	17.42%	17.36%	16.15%	13.67%	18.73%
D&A For EBITDA	5,588	5,165	4,385	4,164	3,817
EBIT	9,312	9,190	8,307	8,124	8,813
EBIT Margin	10.89%	11.12%	10.57%	9.04%	13.07%
Effective Tax Rate	5.78%	7.61%	5.41%	3.36%	2.68%
Revenue as Reported	-	82,671	78,586	89,876	67,417

Updated Feb 17, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q