Energy Transfer LP (ET)
NYSE: ET · Real-Time Price · USD
21.51
+0.20 (0.94%)
At close: Aug 31, 2026, 4:00 PM EDT
21.53
+0.02 (0.09%)
After-hours: Aug 31, 2026, 7:59 PM EDT
Energy Transfer LP Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Operating Revenue | 33,575 | 27,133 | 24,766 | 19,571 | 18,837 | 20,640 | 19,163 | 20,359 | 20,402 | 21,364 | 20,253 | 20,452 | 18,052 | 18,768 | 20,302 | 22,721 | 25,723 | 20,303 | 18,460 | 16,488 |
Other Revenue | 759 | 638 | 554 | 383 | 405 | 380 | 378 | 413 | 327 | 265 | 279 | 287 | 268 | 227 | 199 | 218 | 222 | 188 | 197 | 176 |
| 34,334 | 27,771 | 25,320 | 19,954 | 19,242 | 21,020 | 19,541 | 20,772 | 20,729 | 21,629 | 20,532 | 20,739 | 18,320 | 18,995 | 20,501 | 22,939 | 25,945 | 20,491 | 18,657 | 16,664 | |
Revenue Growth (YoY) | 78.43% | 32.12% | 29.57% | -3.94% | -7.17% | -2.82% | -4.83% | 0.16% | 13.15% | 13.87% | 0.15% | -9.59% | -29.39% | -7.30% | 9.88% | 37.66% | 71.81% | 20.57% | 85.94% | 67.39% |
Cost of Revenue | 28,764 | 22,844 | 20,876 | 16,094 | 15,289 | 16,870 | 15,438 | 16,970 | 16,836 | 17,735 | 16,800 | 17,164 | 15,186 | 15,635 | 17,307 | 19,489 | 22,575 | 17,087 | 15,606 | 14,086 |
Gross Profit | 5,570 | 4,927 | 4,444 | 3,860 | 3,953 | 4,150 | 4,103 | 3,802 | 3,893 | 3,894 | 3,732 | 3,575 | 3,134 | 3,360 | 3,194 | 3,450 | 3,370 | 3,404 | 3,051 | 2,578 |
Selling, General & Admin | 421 | 361 | 600 | 268 | 257 | 288 | 448 | 297 | 332 | 260 | 409 | 234 | 228 | 238 | 328 | 361 | 211 | 230 | 372 | 198 |
Operating Expenses | 1,996 | 1,944 | 2,091 | 1,708 | 1,641 | 1,655 | 1,822 | 1,621 | 1,545 | 1,514 | 1,567 | 1,341 | 1,289 | 1,297 | 1,388 | 1,391 | 1,257 | 1,258 | 1,352 | 1,141 |
Operating Income | 3,574 | 2,983 | 2,353 | 2,152 | 2,312 | 2,495 | 2,281 | 2,181 | 2,348 | 2,380 | 2,165 | 2,234 | 1,845 | 2,063 | 1,806 | 2,059 | 2,113 | 2,146 | 1,699 | 1,437 |
Interest Expense | -934 | -947 | -910 | -890 | -865 | -809 | -813 | -834 | -759 | -719 | -650 | -632 | -606 | -639 | -602 | -517 | -449 | -445 | -493 | -558 |
Earnings From Equity Investments | 108 | 110 | 106 | 116 | 105 | 92 | 94 | 102 | 85 | 98 | 97 | 103 | 95 | 88 | 71 | 68 | 62 | 56 | 55 | 71 |
Other Non Operating Income (Expenses) | -24 | -28 | 112 | 14 | 5 | -11 | 36 | 74 | 3 | 27 | 2 | 45 | 17 | 7 | 207 | -120 | -18 | 21 | -40 | 34 |
EBT Excluding Unusual Items | 2,724 | 2,118 | 1,661 | 1,392 | 1,557 | 1,767 | 1,598 | 1,523 | 1,677 | 1,786 | 1,614 | 1,750 | 1,351 | 1,519 | 1,482 | 1,490 | 1,708 | 1,778 | 1,221 | 984 |
Gain (Loss) on Sale of Assets | - | - | - | - | - | - | -12 | - | 598 | - | - | - | - | - | -85 | - | - | - | - | - |
Asset Writedown | - | - | -277 | -1 | -3 | -4 | -2 | - | -50 | - | - | -1 | -10 | -1 | 85 | -86 | - | -300 | -10 | - |
Legal Settlements | - | - | - | - | - | - | - | - | - | - | -2 | -625 | - | - | - | - | - | - | - | - |
Other Unusual Items | - | -7 | -3 | -12 | -17 | -2 | -1 | - | -6 | -5 | 2 | - | - | - | - | - | - | - | -30 | - |
Pretax Income | 2,724 | 2,111 | 1,381 | 1,379 | 1,537 | 1,761 | 1,583 | 1,523 | 2,219 | 1,781 | 1,614 | 1,124 | 1,341 | 1,518 | 1,482 | 1,404 | 1,708 | 1,478 | 1,181 | 984 |
Income Tax Expense | 194 | 135 | 143 | 87 | 79 | 41 | 136 | 89 | 227 | 89 | 47 | 77 | 108 | 71 | 45 | 82 | 86 | -9 | -50 | 77 |
Earnings From Continuing Operations | 2,530 | 1,976 | 1,238 | 1,292 | 1,458 | 1,720 | 1,447 | 1,434 | 1,992 | 1,692 | 1,567 | 1,047 | 1,233 | 1,447 | 1,437 | 1,322 | 1,622 | 1,487 | 1,231 | 907 |
Net Income to Company | 2,530 | 1,976 | 1,238 | 1,292 | 1,458 | 1,720 | 1,447 | 1,434 | 1,992 | 1,692 | 1,567 | 1,047 | 1,233 | 1,447 | 1,437 | 1,322 | 1,622 | 1,487 | 1,231 | 907 |
Minority Interest in Earnings | -444 | -723 | -311 | -274 | -296 | -398 | -371 | -252 | -679 | -453 | -241 | -463 | -323 | -335 | -283 | -317 | -297 | -219 | -311 | -273 |
Net Income | 2,086 | 1,253 | 927 | 1,018 | 1,162 | 1,322 | 1,076 | 1,182 | 1,313 | 1,239 | 1,326 | 584 | 910 | 1,112 | 1,154 | 1,005 | 1,325 | 1,268 | 920 | 634 |
Preferred Dividends & Other Adjustments | 59 | 59 | 59 | 59 | 71 | 67 | 68 | 67 | 131 | 150 | 123 | 118 | 113 | 109 | 105 | 106 | 105 | 106 | 100 | 99 |
Net Income to Common | 2,027 | 1,194 | 868 | 959 | 1,091 | 1,255 | 1,008 | 1,115 | 1,182 | 1,089 | 1,203 | 466 | 797 | 1,003 | 1,049 | 899 | 1,220 | 1,162 | 820 | 535 |
Net Income Growth (YoY) | 85.79% | -4.86% | -13.89% | -13.99% | -7.70% | 15.24% | -16.21% | 139.27% | 48.31% | 8.57% | 14.68% | -48.16% | -34.67% | -13.68% | 27.93% | 68.04% | 126.34% | -64.63% | 61.10% | - |
Shares Outstanding (Basic) | 3,442 | 3,441 | 3,435 | 3,433 | 3,432 | 3,431 | 3,426 | 3,415 | 3,371 | 3,369 | 3,279 | 3,144 | 3,127 | 3,096 | 3,090 | 3,088 | 3,086 | 3,084 | 2,825 | 2,705 |
Shares Outstanding (Diluted) | 3,463 | 3,457 | 3,449 | 3,456 | 3,454 | 3,453 | 3,450 | 3,441 | 3,395 | 3,390 | 3,295 | 3,168 | 3,148 | 3,115 | 3,103 | 3,109 | 3,106 | 3,101 | 2,831 | 2,721 |
Shares Change (YoY) | 0.28% | 0.13% | -0.02% | 0.43% | 1.73% | 1.85% | 4.69% | 8.63% | 7.84% | 8.82% | 6.19% | 1.90% | 1.37% | 0.48% | 9.63% | 14.26% | 14.27% | 14.47% | 4.87% | 0.89% |
EPS (Basic) | 0.59 | 0.35 | 0.25 | 0.28 | 0.32 | 0.37 | 0.29 | 0.33 | 0.35 | 0.32 | 0.37 | 0.15 | 0.25 | 0.32 | 0.34 | 0.29 | 0.40 | 0.38 | 0.29 | 0.20 |
EPS (Diluted) | 0.59 | 0.35 | 0.25 | 0.28 | 0.32 | 0.36 | 0.29 | 0.32 | 0.35 | 0.32 | 0.37 | 0.15 | 0.25 | 0.32 | 0.34 | 0.29 | 0.39 | 0.37 | 0.29 | 0.20 |
EPS Growth (YoY) | 85.25% | -3.60% | -15.25% | -12.70% | -8.63% | 12.17% | -20.03% | 117.99% | 39.15% | 0.29% | 8.09% | -49.38% | -35.90% | -14.54% | 16.69% | 47.75% | 97.02% | -69.05% | 53.62% | - |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 2,707 | 1,462 | -49 | 1,099 | 1,103 | 1,693 | 1,118 | 1,788 | 1,459 | 2,977 | 592 | 1,672 | 1,660 | 2,497 | 450 | 1,954 | 1,648 | 1,618 | 963 | 1,646 |
Free Cash Flow Per Share | 0.78 | 0.42 | -0.01 | 0.32 | 0.32 | 0.49 | 0.32 | 0.52 | 0.43 | 0.88 | 0.18 | 0.53 | 0.53 | 0.80 | 0.14 | 0.63 | 0.53 | 0.52 | 0.34 | 0.60 |
Dividend Per Share | 0.340 | 0.338 | 0.335 | 0.333 | 0.330 | 0.328 | 0.325 | 0.323 | 0.320 | 0.318 | 0.315 | 0.313 | 0.310 | 0.307 | 0.305 | 0.265 | 0.230 | 0.200 | 0.175 | 0.152 |
Dividend Growth (YoY) | 3.03% | 3.05% | 3.08% | 3.10% | 3.13% | 3.15% | 3.17% | 3.20% | 3.23% | 3.25% | 3.28% | 17.93% | 34.78% | 53.75% | 74.29% | 73.77% | 50.82% | 31.15% | 14.75% | 0% |
Gross Margin | 16.22% | 17.74% | 17.55% | 19.34% | 20.54% | 19.74% | 21.00% | 18.30% | 18.78% | 18.00% | 18.18% | 17.24% | 17.11% | 17.69% | 15.58% | 15.04% | 12.99% | 16.61% | 16.35% | 15.47% |
Operating Margin | 10.41% | 10.74% | 9.29% | 10.79% | 12.02% | 11.87% | 11.67% | 10.50% | 11.33% | 11.00% | 10.54% | 10.77% | 10.07% | 10.86% | 8.81% | 8.98% | 8.14% | 10.47% | 9.11% | 8.62% |
Profit Margin | 5.90% | 4.30% | 3.43% | 4.81% | 5.67% | 5.97% | 5.16% | 5.37% | 5.70% | 5.04% | 5.86% | 2.25% | 4.35% | 5.28% | 5.12% | 3.92% | 4.70% | 5.67% | 4.40% | 3.21% |
Free Cash Flow Margin | 7.88% | 5.26% | -0.19% | 5.51% | 5.73% | 8.05% | 5.72% | 8.61% | 7.04% | 13.76% | 2.88% | 8.06% | 9.06% | 13.15% | 2.20% | 8.52% | 6.35% | 7.90% | 5.16% | 9.88% |
EBITDA | 5,149 | 4,566 | 3,844 | 3,592 | 3,696 | 3,862 | 3,655 | 3,505 | 3,561 | 3,634 | 3,323 | 3,341 | 2,906 | 3,122 | 2,866 | 3,089 | 3,159 | 3,174 | 2,679 | 2,380 |
EBITDA Margin | 15.00% | 16.44% | 15.18% | 18.00% | 19.21% | 18.37% | 18.70% | 16.87% | 17.18% | 16.80% | 16.18% | 16.11% | 15.86% | 16.44% | 13.98% | 13.47% | 12.18% | 15.49% | 14.36% | 14.28% |
D&A For EBITDA | 1,575 | 1,583 | 1,491 | 1,440 | 1,384 | 1,367 | 1,374 | 1,324 | 1,213 | 1,254 | 1,158 | 1,107 | 1,061 | 1,059 | 1,060 | 1,030 | 1,046 | 1,028 | 980 | 943 |
EBIT | 3,574 | 2,983 | 2,353 | 2,152 | 2,312 | 2,495 | 2,281 | 2,181 | 2,348 | 2,380 | 2,165 | 2,234 | 1,845 | 2,063 | 1,806 | 2,059 | 2,113 | 2,146 | 1,699 | 1,437 |
EBIT Margin | 10.41% | 10.74% | 9.29% | 10.79% | 12.02% | 11.87% | 11.67% | 10.50% | 11.33% | 11.00% | 10.54% | 10.77% | 10.07% | 10.86% | 8.81% | 8.98% | 8.14% | 10.47% | 9.11% | 8.62% |
Effective Tax Rate | 7.12% | 6.40% | 10.36% | 6.31% | 5.14% | 2.33% | 8.59% | 5.84% | 10.23% | 5.00% | 2.91% | 6.85% | 8.05% | 4.68% | 3.04% | 5.84% | 5.04% | - | - | 7.83% |
Revenue as Reported | 34,334 | 27,771 | 25,320 | 19,954 | 19,242 | 21,020 | 19,541 | 20,772 | 20,729 | 21,629 | 20,532 | 20,739 | 18,320 | 18,995 | 20,501 | 22,939 | 25,945 | 20,491 | 18,657 | 16,664 |