ET
Energy Transfer LP
Stock
$20.47+0.37 (+1.84%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $107.4B | $85.5B | $82.7B | $78.6B | $89.9B | $67.4B | $39.0B | $54.2B | $54.1B | $40.5B | $31.8B | $36.1B | $55.7B | $48.3B | $17.0B | $8.2B | $6.6B | $5.4B | $9.3B |
| Cost of revenue | $82.1B | $63.5B | $62.0B | $60.5B | $72.2B | $50.4B | $25.5B | $39.8B | $41.6B | $31.0B | $23.7B | $28.7B | $48.4B | $42.6B | $13.1B | $5.2B | $4.1B | $3.1B | — |
| Gross profit | $25.3B | $22.0B | $20.7B | $18.0B | $17.6B | $17.0B | $13.5B | $14.4B | $12.5B | $9.6B | $8.1B | $7.4B | $7.3B | $5.8B | $3.9B | $3.0B | $2.5B | $2.3B | — |
| SG&A | $1.4B | $1.2B | $1.2B | $985M | $1.0B | $818M | $711M | $694M | $702M | $599M | $656M | $548M | $611M | $533M | $527M | $253M | $233M | $179M | $200M |
| Other operating expenses | $13.1B | $11.8B | $10.4B | $8.8B | $8.9B | $7.4B | $9.8B | $6.5B | $6.4B | $6.2B | $5.6B | $4.6B | $4.2B | $3.7B | $2.0B | $1.5B | $1.2B | $1.0B | — |
| Operating income | $10.8B | $9.0B | $9.1B | $8.3B | $7.7B | $8.8B | $3.0B | $7.2B | $5.4B | $2.7B | $1.9B | $2.3B | $2.5B | $1.6B | $1.4B | $1.2B | $1.0B | $1.1B | $1.1B |
| Non-operating income | — | — | — | — | — | −$1.9B | −$2.6B | −$2.2B | −$1.7B | −$2.0B | −$1.6B | −$1.4B | −$1.1B | −$1.2B | $77M | −$689M | −$685M | −$403M | — |
| Pretax income | — | — | — | — | — | $6.9B | $377M | $5.0B | $3.7B | $710M | $204M | $900M | $1.4B | $375M | $1.4B | $548M | $359M | $707M | — |
| Taxes | — | — | — | — | — | $1.4B | $1.0B | $1.5B | $1.9B | −$244M | −$791M | −$289M | $784M | $179M | $1.1B | $238M | $166M | $265M | — |
| Net income | $5.3B | $4.4B | $4.8B | $3.9B | $4.8B | $5.5B | −$648M | $3.5B | $1.7B | $954M | $995M | $1.2B | $633M | $196M | $304M | $310M | $193M | $442M | $375M |
| Diluted EPS | $1.47 | $1.21 | $1.28 | $1.09 | $1.40 | $1.89 | −$0.24 | $1.33 | $1.19 | $0.83 | $0.92 | $1.11 | $0.57 | $0.18 | $0.57 | $0.69 | — | — | — |
| Diluted shares | — | 3.45B | 3.42B | 3.18B | 3.10B | 2.74B | 2.70B | 2.64B | 1.46B | 1.15B | 1.08B | 1.06B | 1.09B | 1.12B | 533.4M | 445.9M | 222.9M | 222.9M | 222.8M |
| Revenue growth | — | +3.5% | +5.2% | −12.6% | +33.3% | +73.1% | −28.1% | +0.2% | +33.5% | +27.5% | −11.9% | −35.2% | +15.2% | +184.9% | +107.1% | +24.9% | +21.0% | −41.7% | — |
| Gross margin | 23.6% | 25.8% | 25.0% | 23.0% | 19.6% | 25.2% | 34.6% | 26.6% | 23.1% | 23.6% | 25.5% | 20.6% | 13.1% | 12.0% | 22.8% | 36.9% | 37.9% | 42.4% | — |
| Operating margin | 10.0% | 10.6% | 11.1% | 10.6% | 8.6% | 13.0% | 7.7% | 13.3% | 10.0% | 6.7% | 5.8% | 6.3% | 4.4% | 3.2% | 8.0% | 15.1% | 15.9% | 20.5% | 11.8% |
| Net margin | 4.9% | 5.2% | 5.8% | 5.0% | 5.3% | 8.1% | −1.7% | 6.5% | 3.2% | 2.4% | 3.1% | 3.3% | 1.1% | 0.4% | 1.8% | 3.8% | 2.9% | 8.2% | 4.0% |