Energy Transfer LP (ET)
TXSE: ET · Real-Time Price · USD
19.43
+0.34 (1.78%)
At close: Nov 10, 2026, 4:00 PM EST
19.35
-0.08 (-0.42%)
After-hours: Nov 10, 2026, 7:58 PM EST
Energy Transfer LP Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 121,942 | 83,814 | 81,288 | 77,525 | 89,049 | 66,696 |
Other Revenue | 2,586 | 1,722 | 1,383 | 1,061 | 827 | 721 |
| 124,528 | 85,536 | 82,671 | 78,586 | 89,876 | 67,417 | |
Revenue Growth | 56.13% | 3.47% | 5.20% | -12.56% | 33.31% | 73.07% |
Cost of Revenue | 104,800 | 69,129 | 66,979 | 64,909 | 76,570 | 53,969 |
Gross Profit | 19,728 | 16,407 | 15,692 | 13,677 | 13,306 | 13,448 |
Selling, General & Admin | 1,787 | 1,413 | 1,337 | 985 | 1,018 | 818 |
Operating Expenses | 8,035 | 7,095 | 6,502 | 5,370 | 5,182 | 4,635 |
Operating Income | 11,693 | 9,312 | 9,190 | 8,307 | 8,124 | 8,813 |
Interest Expense | -3,735 | -3,474 | -3,125 | -2,578 | -2,013 | -2,206 |
Earnings From Equity Investments | 436 | 419 | 379 | 383 | 257 | 246 |
Other Non Operating Income (Expenses) | 112 | 120 | 140 | 122 | 90 | 77 |
EBT Excluding Unusual Items | 8,506 | 6,377 | 6,584 | 6,234 | 6,458 | 6,930 |
Gain (Loss) on Sale of Assets | - | - | 586 | - | - | - |
Asset Writedown | -279 | -285 | -52 | -12 | -386 | -21 |
Legal Settlements | - | - | - | -627 | - | - |
Other Unusual Items | -10 | -34 | -12 | 2 | - | -38 |
Pretax Income | 8,217 | 6,058 | 7,106 | 5,597 | 6,072 | 6,871 |
Income Tax Expense | 659 | 350 | 541 | 303 | 204 | 184 |
Earnings From Continuing Operations | 7,558 | 5,708 | 6,565 | 5,294 | 5,868 | 6,687 |
Net Income to Company | 7,558 | 5,708 | 6,565 | 5,294 | 5,868 | 6,687 |
Minority Interest in Earnings | -2,086 | -1,279 | -1,755 | -1,362 | -1,116 | -1,223 |
Net Income | 5,472 | 4,429 | 4,810 | 3,932 | 4,752 | 5,464 |
Preferred Dividends & Other Adjustments | 243 | 256 | 416 | 463 | 422 | 285 |
Net Income to Common | 5,229 | 4,173 | 4,394 | 3,469 | 4,330 | 5,179 |
Net Income Growth | 21.24% | -5.03% | 26.66% | -19.89% | -16.39% | - |
Shares Outstanding (Basic) | 3,440 | 3,433 | 3,395 | 3,162 | 3,087 | 2,734 |
Shares Outstanding (Diluted) | 3,457 | 3,450 | 3,421 | 3,177 | 3,097 | 2,740 |
Shares Change | 0.07% | 0.85% | 7.66% | 2.59% | 13.05% | 1.63% |
EPS (Basic) | 1.52 | 1.22 | 1.29 | 1.10 | 1.40 | 1.89 |
EPS (Diluted) | 1.51 | 1.21 | 1.28 | 1.09 | 1.40 | 1.89 |
EPS Growth | 20.45% | -5.83% | 17.66% | -21.89% | -26.05% | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 6,258 | 3,846 | 7,342 | 6,421 | 5,670 | 8,340 |
Free Cash Flow Per Share | 1.81 | 1.11 | 2.15 | 2.02 | 1.83 | 3.04 |
Dividend Per Share | 1.355 | 1.325 | 1.285 | 1.245 | 1.000 | 0.632 |
Dividend Growth | 3.04% | 3.11% | 3.21% | 24.50% | 58.10% | -30.87% |
Gross Margin | 15.84% | 19.18% | 18.98% | 17.40% | 14.80% | 19.95% |
Operating Margin | 9.39% | 10.89% | 11.12% | 10.57% | 9.04% | 13.07% |
Profit Margin | 4.20% | 4.88% | 5.32% | 4.41% | 4.82% | 7.68% |
Free Cash Flow Margin | 5.03% | 4.50% | 8.88% | 8.17% | 6.31% | 12.37% |
EBITDA | 17,941 | 14,994 | 14,355 | 12,692 | 12,288 | 12,630 |
EBITDA Margin | 14.41% | 17.53% | 17.36% | 16.15% | 13.67% | 18.73% |
D&A For EBITDA | 6,248 | 5,682 | 5,165 | 4,385 | 4,164 | 3,817 |
EBIT | 11,693 | 9,312 | 9,190 | 8,307 | 8,124 | 8,813 |
EBIT Margin | 9.39% | 10.89% | 11.12% | 10.57% | 9.04% | 13.07% |
Effective Tax Rate | 8.02% | 5.78% | 7.61% | 5.41% | 3.36% | 2.68% |
Revenue as Reported | 124,528 | 85,536 | 82,671 | 78,586 | 89,876 | 67,417 |