Energy Transfer LP revenue and financials
$20.74Change from previous close: +0.10%Absolute change: +$0.02
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 10,149 | 11,506 | 9,555 | 9,051 | 11,162 | 7,361 | 8,056 | 7,506 | 4,429 | 3,322 |
| Depreciation and amortization | 5,682 | 5,165 | 4,385 | 4,164 | 3,817 | 3,678 | 3,147 | 2,859 | 2,554 | 2,216 |
| Capital expenditure | -6,303 | -4,164 | -3,134 | -3,381 | -2,822 | -5,130 | -5,960 | -7,407 | -8,444 | -7,771 |
| Investing cash flow | -8,373 | -5,904 | -4,325 | -4,022 | -2,775 | — | — | — | — | — |
| Financing cash flow | -816 | -5,451 | -5,326 | -5,108 | -8,418 | — | — | — | — | — |
| Dividends paid | -4,721 | -4,619 | -4,245 | -3,045 | -1,896 | — | — | — | — | — |
| Share repurchases | -500 | -3,466 | 0.0 | 0.0 | -31.0 | 0.0 | -25.0 | 0.0 | 0.0 | 0.0 |
| Debt issued | 32,870 | 34,150 | 32,130 | 28,838 | — | — | — | — | — | — |
| Debt repaid | -28,052 | -29,409 | -31,416 | -29,681 | — | — | — | — | — | — |
| Net change in cash | 960 | 151 | -96.0 | -79.0 | -31.0 | — | — | — | — | — |
| Free cash flow | 3,846 | 7,342 | 6,421 | 5,670 | 8,340 | — | — | — | — | — |
| Levered free cash flow | 2,209 | 5,693 | 4,407 | 3,308 | 5,243 | — | — | — | — | — |