Energy Transfer LP (ET) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	104.5B	82.6B	82.7B	78.6B	89.9B
Cost of Revenue	79.3B	64.6B	67.0B	64.8B	76.6B
Gross Profit	25.2B	18.0B	15.7B	13.8B	13.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	3.3B	1.0B	1.3B	1.1B	1.0B
General & Admin Expense	2.7B	—	—	—	—
Selling & Marketing Expense	361.0M	—	—	—	—
Other Expenses	10.8B	7.5B	5.2B	4.4B	4.5B
Total Operating Expenses	14.1B	8.6B	6.6B	5.5B	5.6B
Cost and Expenses	93.4B	73.2B	73.5B	70.3B	82.1B
Operating Income (EBIT)	11.1B	9.4B	9.1B	8.3B	7.7B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	3.5B	3.3B	3.1B	2.6B	2.3B
Net Interest Income	(3.5B)	(3.3B)	(3.1B)	(2.6B)	(2.3B)
Other Non-Op Income/Expense	(3.3B)	(3.2B)	(2.0B)	(2.7B)	(1.7B)
Non-Operating Income (excl Interest)	670.0M	(171.0M)	(1.1B)	120.0M	(386.0M)
EBT (Pre-Tax Income)	7.8B	6.3B	7.1B	5.6B	6.1B
Income Tax Expense	431.0M	222.0M	541.0M	303.0M	204.0M
Bottom Line
Net Income	5.8B	4.9B	4.8B	3.9B	4.8B
Earnings from Cont. Ops	7.4B	6.1B	6.6B	5.3B	5.9B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	5.6B	4.8B	4.4B	3.5B	4.3B
Per Share
Basic EPS	$1.61	$1.36	$1.29	$1.10	$1.40
Diluted EPS	$1.61	$1.35	$1.28	$1.09	$1.40
Revenue Per Share	$30.35	$22.64	$24.35	$24.86	$29.12
Shares
Basic Shares Outstanding	3.4B	3.6B	3.4B	3.2B	3.1B
Diluted Shares Outstanding	3.5B	3.6B	3.4B	3.2B	3.1B
Profitability Metrics
EBITDA	14.6B	14.9B	15.4B	12.6B	12.3B
D&A	4.1B	5.3B	5.2B	4.4B	4.2B
EBIT	10.4B	9.6B	10.2B	8.2B	8.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026