Energy Transfer LP Common Units (ET) Financial Statements

Energy Transfer LP Common Units

ET · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$85.54B	$82.67B	$78.59B	$89.88B	$67.42B	$38.95B	$54.21B	$54.09B
Cost of Revenue	$63.49B	$61.98B	$60.54B	$72.23B	$50.40B	$25.49B	$39.80B	$41.60B
Selling, General & Administrative	$1.18B	$1.18B	$985.00M	$1.02B	$818.00M	$711.00M	$694.00M	$702.00M
Operating Expenses	$76.51B	$73.53B	$70.29B	$82.14B	$58.63B	$35.97B	$47.01B	$48.68B
Operating Income	$9.03B	$9.14B	$8.29B	$7.74B	$8.79B	$2.98B	$7.20B	$5.40B
Interest Expense	$3.47B	$3.13B	$2.58B	$2.31B	$2.27B	$2.33B	$2.33B	$2.06B
Other Income / (Expense)	$120.00M	$140.00M	$122.00M	$90.00M	$77.00M	$12.00M	$105.00M	$62.00M
Income Before Taxes	—	—	—	—	$6.87B	$377.00M	$5.02B	$3.69B
Provision for Income Taxes	$350.00M	$541.00M	$303.00M	$204.00M	$184.00M	$237.00M	$195.00M	$4.00M
Net Income	$4.43B	$4.81B	$3.94B	$4.76B	$5.47B	-$648.00M	$3.52B	$1.75B

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$1.44	$1.27	$1.73	8	↑3 ↓1
Dec 2027	$1.53	$1.39	$1.86	8	↑3 ↓1
Dec 2028	$1.79	$1.48	$2.18	4	↑2 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: ET
Type: Stock
Sector: Utilities
Industry: Natural Gas Distribution
Country: North America
Exchange: NYSE

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with approximately 140,000 miles of pipeline and associated energy infrastructure. Energy Transfer's strategic network spans 44 states with assets in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids ('NGL') and refined product transportation and terminalling assets; and NGL fractionation.

Key Issues

Bullish view

Record NGL volumes helped Energy Transfer beat second-quarter estimates, and the company raised its 2026 EBITDA outlook. Continued volume growth would support further earnings momentum.

Bearish view

The evidence identifies NGL growth as the recent driver but does not establish how durable record volumes will be or how much of the higher outlook is already reflected in the units.

Analyst Consensus

See all

Buy

14 analysts

$20

Current

—

Low

$24

Average

—

High

Average target implies +17.73% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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