ET
Energy Transfer LP
NYSE: ET · ENERGY · OIL & GAS MIDSTREAM
$19.76
+1.80% today
Updated 2026-04-29
Market cap
$67.98B
P/E ratio
16.33
P/S ratio
0.80x
EPS (TTM)
$1.21
Dividend yield
6.83%
52W range
$15 – $20
Volume
15.6M
Energy Transfer LP (ET) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.86B | $6.79B | $9.29B | $5.42B | $6.60B | $8.24B | $16.96B | $48.34B | $55.69B | $42.13B | $37.50B | $40.52B | $54.09B | $54.21B | $38.95B | $67.42B | $89.88B | $78.59B | $82.67B | $82.63B |
| Revenue growth (YoY) | — | -13.6% | +36.8% | -41.7% | +21.8% | +24.9% | +105.9% | +184.9% | +15.2% | -24.4% | -11.0% | +8.0% | +33.5% | +0.2% | -28.1% | +73.1% | +33.3% | -12.6% | +5.2% | -0.1% |
| Cost of revenue | $6.99B | $5.08B | $7.72B | $3.12B | $4.11B | $6.10B | $14.15B | $44.12B | $50.38B | $30.72B | $25.89B | $33.61B | $44.69B | $43.09B | $28.70B | $53.97B | $76.57B | $64.78B | $66.98B | $64.62B |
| Gross profit | $867.79M | $1.71B | $1.57B | $2.30B | $2.49B | $2.14B | $2.81B | $4.21B | $5.31B | $5.38B | $5.90B | $6.91B | $9.39B | $11.12B | $10.25B | $13.45B | $13.31B | $13.80B | $15.69B | $18.01B |
| Gross margin | 11.0% | 25.2% | 16.9% | 42.4% | 37.7% | 26.0% | 16.6% | 8.7% | 9.5% | 12.8% | 15.7% | 17.1% | 17.4% | 20.5% | 26.3% | 19.9% | 14.8% | 17.6% | 19.0% | 21.8% |
| R&D | — | — | — | — | — | — | $54.02M | — | — | — | — | — | $0.00 | — | — | — | — | — | — | — |
| SG&A | $162.62M | $170.00M | $200.18M | $178.92M | $234.32M | $292.16M | $580.00M | $88.00M | $611.00M | $639.00M | $807.00M | $607.00M | $702.00M | $694.00M | $711.00M | $818.00M | $1.02B | $916.00M | $1.18B | $1.41B |
| Operating income | $575.54M | $809.34M | $1.10B | $1.11B | $1.04B | $1.23B | $1.36B | $1.55B | $2.47B | $2.29B | $1.85B | $2.71B | $5.40B | $7.20B | $2.98B | $8.79B | $7.74B | $8.29B | $9.14B | $9.44B |
| Operating margin | 7.3% | 11.9% | 11.8% | 20.5% | 15.7% | 15.0% | 8.0% | 3.2% | 4.4% | 5.4% | 4.9% | 6.7% | 10.0% | 13.3% | 7.7% | 13.0% | 8.6% | 10.6% | 11.1% | 11.4% |
| EBITDA | $709.13M | $1.01B | $1.18B | $1.50B | $1.32B | $1.90B | $3.39B | $3.55B | $4.56B | $4.71B | $5.11B | $6.31B | $8.69B | $10.50B | $9.54B | $12.63B | $12.29B | $12.56B | $15.40B | $14.93B |
| EBITDA margin | 9.0% | 14.8% | 12.7% | 27.7% | 20.0% | 23.0% | 20.0% | 7.4% | 8.2% | 11.2% | 13.6% | 15.6% | 16.1% | 19.4% | 24.5% | 18.7% | 13.7% | 16.0% | 18.6% | 18.1% |
| EBIT | $575.54M | $809.34M | $901.33M | $1.18B | $889.75M | $1.28B | $2.52B | $2.24B | $2.84B | $2.64B | $2.89B | $3.76B | $5.83B | $7.35B | $5.86B | $8.81B | $8.12B | $8.18B | $10.23B | $9.61B |
| Interest expense | $150.65M | $316.42M | $357.54M | $468.42M | $624.89M | $739.81M | $1.08B | $1.22B | $1.37B | $1.62B | $1.80B | $1.92B | $2.06B | $2.33B | $2.33B | $2.27B | $2.31B | $2.58B | $3.13B | $3.32B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $107.14M | $319.36M | $375.04M | $442.47M | $192.76M | $309.81M | $304.00M | $196.00M | $633.00M | $1.19B | $995.00M | $954.00M | $1.69B | $3.52B | $-648.00M | $5.47B | $4.76B | $3.94B | $4.81B | $4.90B |
| Net income growth (YoY) | — | +198.1% | +17.4% | +18.0% | -56.4% | +60.7% | -1.9% | -35.5% | +223.0% | +87.8% | -16.3% | -4.1% | +77.6% | +107.7% | -118.4% | +944.1% | -13.1% | -17.3% | +22.3% | +1.8% |
| Profit margin | 1.4% | 4.7% | 4.0% | 8.2% | 2.9% | 3.8% | 1.8% | 0.4% | 1.1% | 2.8% | 2.7% | 2.4% | 3.1% | 6.5% | -1.7% | 8.1% | 5.3% | 5.0% | 5.8% | 5.9% |