Energy Transfer LP revenue and financials

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$20.72+1.22%+$0.25

Close · October 5, 2026

In the fiscal year ended December 2025, Energy Transfer LP reported revenue of $85.54B (+3.47% year over year). Net income was $4.43B, a net margin of 5.2%.

Annual revenue · 2025: $85.54B

$31.79B2016
$40.52B2017
$54.09B2018
$54.21B2019
$38.95B2020
$67.42B2021
$89.88B2022
$78.59B2023
$82.67B2024
$85.54B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +3.47%; 2025 vs 2024
Net income growth: −7.91%; 2025 vs 2024
Net margin: 5.2%; 2024: 5.8%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	85,536	82,671	78,586	89,876	67,417	38,954	54,213	54,087	40,523	31,792
Cost of revenue	63,495	61,975	60,541	72,232	50,395	25,487	39,727	41,658	30,966	23,693
Gross profit	16,407	15,692	13,677	13,306	13,448	—	—	—	—	—
Selling, general and administrative	1,413	1,337	985	1,018	818	—	—	—	—	—
Operating income	9,027	9,138	8,295	7,738	8,792	2,980	7,277	5,348	2,721	1,851
EBIT	9,312	9,190	8,307	8,124	8,813	—	—	—	—	—
EBITDA	14,994	14,355	12,692	12,288	12,630	—	—	—	—	—
Interest expense	3,474	3,125	2,578	2,306	2,267	2,327	2,331	2,055	1,922	1,804
Pre-tax income	6,058	7,106	5,597	6,072	6,871	—	—	—	—	—
Income tax	350	541	303	204	184	237	195	4.0	-1,833	-258
Net income	4,433	4,814	3,935	4,756	5,470	-648	3,518	1,749	954	995
Net income to common shareholders	4,173	4,394	3,469	4,330	5,179	—	—	—	—	—
Basic EPS	1.22	1.29	1.10	1.40	1.89	—	—	—	—	—
Diluted EPS	1.21	1.28	1.09	1.40	1.89	—	—	—	—	—
Average shares (basic)	3,433	3,395	3,162	3,087	2,734	—	—	—	—	—
Average shares (diluted)	3,450	3,421	3,177	3,097	2,740	—	—	—	—	—
Dividend per share	1.33	1.29	1.25	1.00	0.63	—	—	—	—	—