Energy Transfer LP revenue and financials

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$20.74+0.10%+$0.02

Close · October 6, 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.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	141,286	125,380	113,698	105,643	105,963	95,144	98,880	88,246	86,246	78,925
Current assets	18,233	14,202	12,433	12,081	10,537	6,317	7,867	6,750	10,683	6,899
Cash and equivalents	1,272	312	161	257	336	367	291	419	336	467
Receivables	11,451	10,334	9,215	8,627	7,740	—	—	—	—	—
Inventory	4,770	3,070	2,478	2,461	2,014	—	—	—	—	—
Net property, plant and equipment	103,983	96,021	86,177	81,130	82,445	—	—	—	—	—
Goodwill	5,452	3,903	4,019	2,566	2,533	2,391	5,167	4,885	4,768	5,670
Other intangible assets	7,438	5,971	6,239	5,415	5,856	—	—	—	—	—
Long-term investments	3,589	3,266	3,097	2,893	2,947	—	—	—	—	—
Current liabilities	14,955	12,656	11,277	10,368	10,835	5,923	7,724	9,310	7,897	7,277
Accounts payable	9,510	8,325	6,684	6,969	6,834	—	—	—	—	—
Long-term debt	68,333	59,760	52,388	48,262	49,702	51,438	51,054	46,028	44,084	43,802
Total debt	70,093	60,557	53,222	49,105	—	—	—	—	—	—
Total liabilities	92,026	78,946	68,981	64,491	65,835	—	—	—	—	—
Total equity (incl. minority)	49,260	46,434	44,717	41,152	40,128	—	—	—	—	—
Minority interest	14,892	11,314	8,033	8,125	8,824	—	—	—	—	—