Energy Transfer LP revenue and financials

ET · NYSE · USD

$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
  1. $31.79B2016
  2. $40.52B2017
  3. $54.09B2018
  4. $54.21B2019
  5. $38.95B2020
  6. $67.42B2021
  7. $89.88B2022
  8. $78.59B2023
  9. $82.67B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow4,2713,3781,8982,5722,7622,9172,5902,8742,2703,7721,2962,373
Depreciation and amortization1,5751,5831,4911,4401,3841,3671,3741,3241,2131,2541,1581,107
Capital expenditure-1,564-1,916-1,947-1,473-1,659-1,224-1,472-1,086-811-795-704-701
Investing cash flow-1,600-2,534-3,946-1,528-1,701-1,198-1,469-3,28445.0-1,196-964-670
Financing cash flow-2,602-1,165-2542,288-1,272-1,578-1,10859.0-3,611-791-685-1,519
Dividends paid-1,241-1,167-1,220-1,147-1,221-1,132-1,189-1,097—-1,127-1,123-1,029
Share repurchases——0.00.0-5000.0——————
Debt issued11,83712,2165,99510,7295,55410,5927,5676,39812,0448,1419,2187,500
Debt repaid-12,668-11,616-4,585-8,341-4,606-10,520-7,064-4,764-11,324-7,006-8,321-7,546
Net change in cash69.0-321-2,3023,332-21114113.0-351-1,2961,785-353184
Free cash flow2,7071,462-49.01,0991,1031,6931,1181,7881,4592,9775921,672
Levered free cash flow1,734769-2599162951,2575431,4931,6442,013578996