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Energy Transfer LP (ET)

Also trades as ET-PI. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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CIK 0001276187 · NYSE · Natural Gas Transmission

  • Sector Transportation & Utilities
  • Incorporated OK
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Energy Transfer LP reported revenue of $85.54B. Revenue grew 3.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $107.38B.

Key ratios (year ended 2025-12-31)

25.8%
Gross margin (computed)
10.6%
Operating margin
5.2%
Net margin
9.0%
Return on year-end equity
3.5%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 8-K (current report) · 2026-09-10

Headquarters locality: Dallas · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$107.38B$85.54B$82.67B$78.59B$89.88B$67.42B$38.95B$54.21B$54.09B$40.52B$31.79B
Cost of Revenue$82.06B$63.49B$61.98B$60.54B$72.23B$50.40B$25.49B$39.80B$41.60B$30.97B$23.69B
Gross Profit (computed)$25.32B$22.04B$20.70B$18.05B$17.64B$17.02B$13.47B$14.41B$12.48B$9.56B$8.10B
Operating Income$10.78B$9.03B$9.14B$8.29B$7.74B$8.79B$2.98B$7.20B$5.40B$2.72B$1.85B
Depreciation & Amortizationn/a$5.68B$5.17B$4.38B$4.16B$3.82B$3.68B$3.15B$2.86B$2.55B$2.22B
EBITDAn/a$14.71B$14.30B$12.68B$11.90B$12.61B$6.66B$10.35B$8.26B$5.28B$4.07B
Net Income$5.29B$4.43B$4.81B$3.94B$4.76B$5.47B-$648.00M$3.52B$1.75B$954.00M$995.00M
Total Assets$148.17B$141.29B$125.38B$113.70B$105.64B$105.96B$95.14B$98.97B$88.41B$86.25B$78.92B
Long-Term Debt$68.41B$68.33B$59.76B$52.39B$48.26B$49.70B$51.44B$51.05B$46.03B$44.08B$43.80B
Shareholders' Equityn/a$49.01B$46.02B$43.94B$40.66B$39.34B$31.39B$33.94B$31.02B$29.98B$22.43B
Cash & Equivalents$1.02B$1.27B$312.00M$161.00M$257.00M$336.00M$367.00M$291.00M$419.00M$336.00M$467.00M
Operating Cash Flow$12.12B$10.15B$11.51B$9.55B$9.05B$11.16B$7.36B$8.06B$7.51B$4.43B$3.32B
Capital Expenditures$6.90B$6.30B$4.16B$3.13B$3.38B$2.82B$5.13B$5.96B$7.41B$8.44B$7.77B
Free Cash Flow$5.22B$3.85B$7.34B$6.42B$5.67B$8.34B$2.23B$2.10B$99.00M-$4.01B-$4.45B
Share Repurchasesn/an/an/a$0$0$31.00M$0$25.00M$0$0$0

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