Energy Transfer LP (ET-PI) — Financial statements
Income statement, balance sheet, and cash flow for Energy Transfer LP — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 82,626↓0.1% | 82,671↑5.2% | 78,586↓12.6% | 89,876↑33.3% | 67,417 | |
| Cost of Revenue | 64,619↓3.5% | 66,979↑3.4% | 64,785↓15.4% | 76,570↑41.9% | 53,969 | |
| Gross Profit | 18,007↑14.8% | 15,692↑13.7% | 13,801↑3.7% | 13,306↓1.1% | 13,448 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,018↓23.9% | 1,337↑20.6% | 1,109↑8.9% | 1,018↑24.4% | 818 | |
| Other Expenses | 7,549↑44.7% | 5,217↑18.6% | 4,397↓3.4% | 4,550↑18.6% | 3,838 | |
| Operating Expenses | 8,567↑30.7% | 6,554↑19.0% | 5,506↓1.1% | 5,568↑19.6% | 4,656 | |
| Total Costs & Expenses | 73,186↓0.5% | 73,533↑4.6% | 70,291↓14.4% | 82,138↑40.1% | 58,625 | |
| Operating Results | ||||||
| Operating Income | 9,440↑3.3% | 9,138↑10.2% | 8,295↑7.2% | 7,738↓12.0% | 8,792 | |
| Depreciation & Amortization | 5,316↑2.9% | 5,165↑17.8% | 4,385↑5.3% | 4,164↑9.1% | 3,817 | |
| EBITDA | 14,927↓3.0% | 15,396↑22.6% | 12,560↑2.2% | 12,288↓2.7% | 12,630 | |
| EBIT | 9,611↓6.1% | 10,231↑25.1% | 8,175↑0.6% | 8,124↓7.8% | 8,813 | |
| Interest & Other Income | ||||||
| Net Interest Income | -3,324↓6.4% | -3,125↓21.2% | -2,578↓11.8% | -2,306↓1.7% | -2,267 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 3,324↑6.4% | 3,125↑21.2% | 2,578↑11.8% | 2,306↑1.7% | 2,267 | |
| Non-Operating Income | -171↑84.4% | -1,093↓1010.8% | 120↑131.1% | -386↓1738.1% | -21 | |
| Other Income / Expenses | -3,153↓55.2% | -2,032↑24.7% | -2,698↓61.9% | -1,666↑13.3% | -1,921 | |
| Income Before Tax | 6,287↓11.5% | 7,106↑27.0% | 5,597↓7.8% | 6,072↓11.6% | 6,871 | |
| Income Tax Expense | 222↓59.0% | 541↑78.5% | 303↑48.5% | 204↑10.9% | 184 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 6,065↓7.6% | 6,565↑24.0% | 5,294↓9.8% | 5,868↓12.2% | 6,687 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,901↑1.8% | 4,814↑22.3% | 3,935↓17.3% | 4,756↓13.1% | 5,470 | |
| Bottom-Line Net Income | 4,765↑8.5% | 4,393↑26.7% | 3,468↓19.9% | 4,328↓16.4% | 5,177 | |
| EPS (Basic) | 1.36↑5.4% | 1.29↑17.3% | 1.10↓21.4% | 1.40↓25.9% | 1.89 | |
| EPS (Diluted) | 1.35↑5.5% | 1.28↑17.4% | 1.09↓22.1% | 1.40↓25.9% | 1.89 | |
| Weighted Average Shares | 3,650↑7.5% | 3,395↑7.4% | 3,162↑2.4% | 3,087↑12.9% | 2,734 | |
| Weighted Average Diluted Shares | 3,650↑6.7% | 3,421↑7.7% | 3,177↑2.6% | 3,097↑13.0% | 2,740 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.