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

$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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	34,334	27,771	25,320	19,954	19,242	21,020	19,541	20,772	20,729	21,629	20,532	20,739
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
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
Selling, general and administrative	421	361	600	268	257	288	448	297	332	260	409	234
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
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
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
Interest expense	934	947	910	890	865	809	813	834	759	719	650	632
Pre-tax 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
Income tax	194	135	143	87.0	79.0	41.0	136	89.0	227	89.0	47.0	77.0
Net income	2,086	1,253	927	1,018	1,162	1,322	1,076	1,182	1,313	1,239	1,326	584
Net income to common shareholders	2,027	1,194	868	959	1,091	1,255	1,008	1,115	1,182	1,089	1,203	466
Basic EPS	0.59	0.35	0.25	0.28	0.32	0.37	0.29	0.33	0.35	0.32	0.37	0.15
Diluted EPS	0.59	0.35	0.25	0.28	0.32	0.36	0.29	0.32	0.35	0.32	0.37	0.15
Average shares (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
Average shares (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
Dividend per share	0.34	0.34	0.34	0.33	0.33	0.33	0.33	0.32	0.32	0.32	0.32	0.31