MarketCapExport financials
Energy Transfer LP (ET)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Energy Transfer LP Income Statement 2025-2007 | ET
Brief overview of financial performance at Energy Transfer LP
The comparison covers a five-year financial horizon. Revenue at Energy Transfer LP moved from 39 billion dollars in 2020 to 85.5 billion dollars in 2025. The five-year change reached +119.6%, while CAGR stood at 17%. The company expanded its sales base at a healthy rate.
Gross profit was $13.5 billion at the start and $22 billion at the end of the period (+63.7%). The relationship between sales and direct costs deteriorated. The gross margin was 34.6% at the start and 25.8% at the end. The contraction points to pressure from direct costs or weaker pricing power.
EBITDA changed from $6.7 billion to $14.7 billion (+120.9%). There was no major divergence between EBITDA and revenue. EBITDA margin was 17.1% at the start and 17.2% at the end. Operating profitability remained broadly stable.
The net financial result changed from −$648 million to $4.4 billion. The trajectory reversed from a loss to positive earnings.
Financial takeaway
The financial profile remains mixed, with strengths and risks moving in different directions. The strongest signals are a steady EBITDA margin, revenue expansion and improving net profitability. The weaker side of the profile includes pressure from direct costs. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Energy Transfer LP
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
- | - | - | - | - | - | 33.6 B | 20.9 B | 19.6 B | 18.8 B | 9.23 B | 32.5 B | 23.1 B | 13.2 B | 9.47 B | - | - | - | - |
Shares |
- | - | - | - | - | - | 2.63 B | 1.42 B | 1.08 B | 1.05 B | 1.06 B | 1.1 B | 1.12 B | 1.07 B | 892 M | - | - | - | - |
Historical Prices |
17.5 | 15.4 | 12.6 | 12.9 | 9.26 | 5.58 | 9.84 | 10.6 | 12.3 | 11.3 | 4.98 | 16.6 | 11.3 | 6.48 | 5.16 | 7.52 | 6.55 | 8.04 | 10.2 |
Net Income |
4.43 B | 4.81 B | 3.94 B | 4.76 B | 5.47 B | -648 M | 3.59 B | 1.69 B | 954 M | 995 M | 1.19 B | 633 M | 196 M | 304 M | 310 M | 193 M | 442 M | 375 M | - |
Revenue |
85.5 B | 82.7 B | 78.6 B | 89.9 B | 67.4 B | 39 B | 54.2 B | 54.1 B | 40.5 B | 37.5 B | 42.1 B | 55.7 B | 48.3 B | 17 B | 8.24 B | 6.56 B | 5.42 B | 9.29 B | - |
Cost of Revenue |
63.5 B | 62 B | 60.5 B | 72.2 B | 50.4 B | 25.5 B | 39.8 B | 41.6 B | 31 B | 23.7 B | - | - | - | - | - | - | - | - | - |
Gross Profit |
22 B | 20.7 B | 18 B | 17.6 B | 17 B | 13.5 B | 11.3 B | 9.57 B | 7 B | 6.49 B | 6.04 B | 5.58 B | 4.47 B | 3 B | 2.14 B | 725 M | - | - | - |
Operating Income |
9.03 B | 9.14 B | 8.3 B | 7.74 B | 8.79 B | 2.98 B | 7.2 B | 5.4 B | 2.72 B | 1.85 B | 2.29 B | 2.37 B | 1.55 B | 1.36 B | 1.24 B | 1.04 B | 1.11 B | 1.1 B | - |
Interest Expense |
3.47 B | 3.12 B | 2.58 B | 2.31 B | 2.27 B | 2.33 B | 2.33 B | 2.06 B | 1.92 B | 1.8 B | 1.62 B | 1.37 B | 1.22 B | 1.02 B | 740 M | 625 M | 468 M | 358 M | - |
EBITDA |
14.7 B | 14.3 B | 12.7 B | 11.9 B | 12.6 B | 6.66 B | 10.5 B | 8.64 B | 6.31 B | 5.34 B | 4.82 B | 4.56 B | 3.38 B | 2.23 B | 1.85 B | 1.45 B | 1.44 B | 1.37 B | - |
Operating Expenses |
13 B | 11.6 B | 9.75 B | 9.91 B | 8.23 B | 10.5 B | 3.99 B | 3.79 B | 3.25 B | 3.5 B | 3.3 B | 2.74 B | 2.4 B | 1.64 B | 904 M | -319 M | - | - | - |
General and Administrative Expenses |
1.18 B | 1.18 B | 985 M | 1.02 B | 818 M | 711 M | - | - | - | - | - | - | - | - | - | 233 M | 179 M | 200 M | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Income Statement Energy Transfer LP
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income |
1.81 B | 2.53 B | 1.98 B | 1.24 B | 1.29 B | 1.46 B | 1.72 B | 1.45 B | 1.43 B | 1.99 B | 1.69 B | 1.57 B | 1.05 B | 1.23 B | 1.45 B | 1.44 B | 1.32 B | 1.62 B | 1.49 B | 1.23 B | 907 M | 908 M | 3.64 B | 833 M | -401 M | 672 M | -964 M | 1.28 B | 1.16 B | 1.21 B | 1.18 B | 852 M | 1.39 B | 633 M | 489 M | 1.17 B | 758 M | 212 M | 239 M | 852 M | 209 M | 241 M | 312 M | 1.17 B | 293 M | 298 M | 284 M | -294 M | 470 M | 500 M | 448 M | -701 M | 356 M | 338 M | 322 M | 272 M | -34 M | 75 M | 961 M | 161 M | 61 M | 107 M | 199 M | 158 M | -4.83 M | -20.5 M |
Revenue |
37.1 B | 34.3 B | 27.8 B | 25.3 B | 20 B | 19.2 B | 21 B | 19.5 B | 20.8 B | 20.7 B | 21.6 B | 20.5 B | 20.7 B | 18.3 B | 19 B | -69 B | 22.9 B | 25.9 B | 20.5 B | -31.5 B | 16.7 B | 15.1 B | 130 M | 10 B | 100 M | 142 M | 133 M | 13.7 B | 129 M | 136 M | 109 M | 13.6 B | 103 M | 120 M | 102 M | 102 M | 105 M | 9.43 B | 9.66 B | 13.6 B | 14.5 B | 14.1 B | 11.9 B | 11.5 B | 9.98 B | 9.43 B | 9.66 B | 13.5 B | 261 M | 362 M | 328 M | 12.6 B | 387 M | 318 M | 11.2 B | 11.3 B | 2.11 B | 1.88 B | 1.67 B | 2.17 B | 2.08 B | 1.96 B | 1.98 B | 1.78 B | 1.59 B | 1.36 B |
Cost of Revenue |
30.5 B | 26.9 B | 21.1 B | 19.4 B | 14.6 B | 13.9 B | 15.6 B | 14.2 B | 15.6 B | 15.6 B | 16.6 B | 15.8 B | 16.1 B | 14.1 B | 14.6 B | 16.1 B | 18.5 B | 21.5 B | 16.1 B | 14.8 B | 13.2 B | 11.5 B | 10.9 B | 6.7 B | 6.38 B | 4.12 B | 8.29 B | 10.2 B | 9.86 B | 10.3 B | 41.6 B | 9.92 B | 11.1 B | 11.3 B | 9.24 B | 8.95 B | 7.34 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
6.57 B | 7.4 B | 6.62 B | 5.9 B | 5.39 B | 5.3 B | 5.45 B | 5.38 B | 5.16 B | 5.12 B | 5.03 B | 4.75 B | 4.68 B | 4.23 B | 4.38 B | -85 B | 4.42 B | 4.43 B | 4.35 B | -46.2 B | 3.48 B | 3.6 B | -10.8 B | 3.33 B | -6.28 B | -3.98 B | -8.16 B | 3.56 B | -9.74 B | -10.2 B | -41.5 B | 3.65 B | -11 B | -11.2 B | -9.14 B | -8.85 B | -7.24 B | - | - | - | - | - | - | - | - | - | - | 1.9 B | 1.97 B | 1.79 B | 1.64 B | 1.49 B | 1.42 B | 1.5 B | 1.37 B | 1.43 B | 876 M | 916 M | 654 M | 804 M | 736 M | 703 M | 778 M | 725 M | 593 M | 522 M |
Operating Income |
2.78 B | 3.57 B | 2.98 B | 2.08 B | 2.15 B | 2.31 B | 2.49 B | 2.28 B | 2.18 B | 2.3 B | 2.38 B | 2.16 B | 2.23 B | 1.84 B | 2.06 B | 1.81 B | 1.97 B | 2.11 B | 1.85 B | 1.69 B | 1.44 B | 1.6 B | 4.07 B | 1.34 B | 244 M | 1.34 B | 61 M | 1.63 B | 1.83 B | 1.82 B | 1.93 B | 1.42 B | 1.7 B | 1.13 B | 1.1 B | 290 M | 931 M | 743 M | 757 M | 1.42 B | 1.7 B | 1.13 B | 1.1 B | 289 M | 931 M | 743 M | 758 M | 165 M | 822 M | 773 M | 710 M | -153 M | 529 M | 644 M | 531 M | 452 M | 358 M | 367 M | 183 M | 339 M | 272 M | 263 M | 363 M | 316 M | 202 M | 179 M |
Interest Expense |
52 M | -24 M | -28 M | 112 M | 14 M | 5 M | -11 M | 36 M | 74 M | 3 M | 27 M | 85 M | 13 M | 17 M | 7 M | 207 M | -120 M | -18 M | 21 M | 32 M | 33 M | 18 M | -6 M | 6 M | 71 M | -68 M | 3 M | 6 M | 57 M | 46 M | -4 M | -35 M | 41 M | -1 M | 57 M | 73 M | 54 M | 477 M | 473 M | - | 474 M | 443 M | 427 M | - | 442 M | 408 M | 371 M | 27 M | -15 M | -25 M | 2 M | -1 M | 33 M | -14 M | -19 M | 2 M | -3 M | 19 M | 12 M | 1.25 M | 27.9 M | 2.81 M | -12.5 M | -14.8 M | 14.4 M | -5.21 M |
EBITDA |
4.38 B | 5.15 B | 4.57 B | -1.64 B | 3.59 B | 3.69 B | 3.86 B | -1.05 B | 3.5 B | 3.51 B | 3.63 B | -663 M | 3.34 B | 2.9 B | 3.12 B | -908 M | 3 B | 3.16 B | 2.87 B | -796 M | 2.38 B | 2.54 B | 5.02 B | -973 M | 1.16 B | 2.27 B | 928 M | -408 M | 2.61 B | 2.6 B | 2.7 B | 1.85 B | 2.45 B | 1.82 B | 1.76 B | 290 M | 1.57 B | 1.35 B | 1.38 B | 1.42 B | 2.25 B | 1.66 B | 1.66 B | 289 M | 1.46 B | 1.26 B | 1.25 B | 374 M | 1.25 B | 1.22 B | 1.08 B | 13 M | 861 M | 962 M | 843 M | 682 M | 569 M | 573 M | 337 M | 431 M | 423 M | 412 M | 502 M | 316 M | 322 M | 277 M |
Operating Expenses |
3.79 B | 3.82 B | 3.64 B | 3.83 B | 3.24 B | 2.99 B | 2.96 B | 3.1 B | 2.98 B | 2.82 B | 2.65 B | 2.59 B | 2.45 B | 2.39 B | 2.32 B | -86.9 B | 2.45 B | 2.32 B | 2.51 B | -47.9 B | 2.04 B | 2 B | -14.9 B | 1.99 B | -6.52 B | -5.31 B | -8.22 B | 1.93 B | -11.6 B | -12 B | -43.4 B | 2.23 B | -12.7 B | -12.3 B | -10.2 B | -9.14 B | -8.17 B | - | - | -1.42 B | - | - | - | -289 M | - | - | - | 1.74 B | 1.15 B | 1.02 B | 928 M | 1.64 B | 893 M | 854 M | 841 M | 978 M | 518 M | 549 M | 471 M | 465 M | 464 M | 440 M | 415 M | 408 M | 391 M | 343 M |
General and Administrative Expenses |
405 M | 421 M | 361 M | 367 M | 268 M | 257 M | 288 M | 288 M | 297 M | 332 M | 260 M | 285 M | 234 M | 228 M | 238 M | 216 M | 361 M | 211 M | 230 M | 235 M | 198 M | 184 M | 201 M | 156 M | 176 M | 175 M | 204 M | 195 M | 173 M | 179 M | 147 M | 187 M | 184 M | 183 M | 148 M | 119 M | 142 M | 173 M | 165 M | - | 209 M | 150 M | 168 M | - | 155 M | 183 M | 155 M | 171 M | 168 M | 141 M | 131 M | 85 M | 142 M | 149 M | 157 M | 174 M | 98 M | 108 M | 147 M | 28 M | 82.6 M | 78.9 M | 63.5 M | 55.3 M | 61.5 M | 65 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Energy Transfer LP (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
USA
Britain
Greece
Bermuda
Canada
Belgium
Monaco