Energy Transfer LP (ET-PC)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue19,954,000,000$19,242,000,000$21,020,000,000$19,541,000,000$20,772,000,000$20,729,000,000$21,629,000,000$20,532,000,000$20,739,000,000$18,320,000,000$18,995,000,000$20,501,000,000$22,939,000,000$25,945,000,000$20,491,000,000$18,657,000,000$16,664,000,000$15,101,000,000$16,995,000,000$10,034,000,000$9,955,000,000$7,338,000,000$11,627,000,000$13,720,000,000$13,495,000,000$13,877,000,000$13,121,000,000$13,573,000,000$14,514,000,000$14,118,000,000$11,882,000,000$11,451,000,000$9,984,000,000$9,427,000,000$9,661,000,000$13,573,000,000$14,514,000,000$14,118,000,000$11,882,000,000$11,451,000,000$9,984,000,000$9,427,000,000$9,661,000,000$13,481,000,000$14,987,000,000$14,143,000,000$13,080,000,000$12,607,000,000$
QoQ%3.70%(8.46%)7.57%(5.93%).21%(4.16%)5.34%(1.00%)13.20%(3.55%)(7.35%)(10.63%)(11.59%)26.62%9.83%11.96%10.35%(11.14%)69.37%.79%35.66%(36.89%)(15.26%)1.67%(2.75%)5.76%(3.33%)(6.48%)2.81%18.82%3.76%14.69%5.91%(2.42%)(15.64%)(6.48%)2.81%18.82%3.76%14.69%5.91%(2.42%)(28.34%)(10.05%)5.97%8.13%3.75%.97%
YoY%(3.94%)(7.17%)(2.82%)(4.83%).16%13.15%13.87%.15%(9.59%)(29.39%)(7.30%)9.88%37.66%71.81%20.57%85.94%67.39%105.79%46.17%(26.87%)(26.23%)(47.12%)(11.39%)1.08%(7.02%)(1.71%)10.43%18.53%45.37%49.76%22.99%(.01%).00%.00%.01%18.53%45.37%49.76%22.99%(15.06%)(33.38%)(33.35%)(26.14%)6.93%20.03%17.24%17.01%11.44%
Cost Of Revenue14,562,000,000$13,946,000,000$15,571,000,000$14,157,000,000$15,612,000,000$15,609,000,000$16,597,000,000$15,780,000,000$16,059,000,000$14,092,000,000$14,610,000,000$16,063,000,000$18,516,000,000$21,515,000,000$16,138,000,000$14,754,000,000$13,188,000,000$11,505,000,000$10,948,000,000$6,703,000,000$6,376,000,000$4,117,000,000$8,291,000,000$10,159,000,000$9,864,000,000$10,301,000,000$41,603,000,000$9,922,000,000$11,093,000,000$11,343,000,000$9,245,000,000$9,938,000,000$7,078,000,000$7,167,000,000$7,510,000,000$8,263,000,000$5,776,000,000$5,479,000,000$5,623,000,000$2,262,000,000$8,581,000,000$9,338,000,000$8,487,000,000$11,606,000,000$13,015,000,000$12,351,000,000$11,442,000,000$11,144,000,000$
Gross Profit5,392,000,000$5,296,000,000$5,449,000,000$5,384,000,000$5,160,000,000$5,120,000,000$5,032,000,000$4,752,000,000$4,680,000,000$4,228,000,000$4,385,000,000$4,438,000,000$4,423,000,000$4,430,000,000$4,353,000,000$3,903,000,000$3,476,000,000$3,596,000,000$6,047,000,000$3,331,000,000$3,579,000,000$3,221,000,000$3,336,000,000$3,561,000,000$3,631,000,000$3,576,000,000$(28,482,000,000$)3,651,000,000$3,421,000,000$2,775,000,000$2,637,000,000$1,513,000,000$2,906,000,000$2,260,000,000$2,151,000,000$5,310,000,000$8,738,000,000$8,639,000,000$6,259,000,000$9,189,000,000$1,403,000,000$89,000,000$1,174,000,000$1,900,000,000$1,972,000,000$1,792,000,000$1,638,000,000$1,489,000,000$
Gross Margin27.02%27.52%25.92%27.55%24.84%24.70%23.27%23.14%22.57%23.08%23.09%21.65%19.28%17.08%21.24%20.92%20.86%23.81%35.58%33.20%35.95%43.90%28.69%25.96%26.91%25.77%(217.07%)26.90%23.57%19.66%22.19%13.21%29.11%23.97%22.27%39.12%60.20%61.19%52.68%80.25%14.05%.94%12.15%14.09%13.16%12.67%12.52%11.81%
Operating Expenses3,241,000,000$2,987,000,000$2,958,000,000$3,105,000,000$2,979,000,000$2,822,000,000$2,652,000,000$2,587,000,000$2,447,000,000$2,393,000,000$2,323,000,000$2,632,000,000$2,450,000,000$2,317,000,000$2,507,000,000$2,214,000,000$2,039,000,000$1,999,000,000$1,978,000,000$1,992,000,000$3,335,000,000$1,885,000,000$3,275,000,000$1,934,000,000$1,801,000,000$1,757,000,000$(30,409,000,000$)2,232,000,000$1,718,000,000$1,649,000,000$1,537,000,000$1,223,000,000$1,975,000,000$1,517,000,000$1,394,000,000$3,891,000,000$7,035,000,000$7,513,000,000$5,159,000,000$8,900,000,000$472,000,000$(654,000,000$)416,000,000$1,735,000,000$1,150,000,000$1,019,000,000$928,000,000$1,642,000,000$
Operating Income2,151,000,000$2,309,000,000$2,491,000,000$2,279,000,000$2,181,000,000$2,298,000,000$2,380,000,000$2,165,000,000$2,233,000,000$1,835,000,000$2,062,000,000$1,806,000,000$1,973,000,000$2,113,000,000$1,846,000,000$1,689,000,000$1,437,000,000$1,597,000,000$4,069,000,000$1,339,000,000$244,000,000$1,336,000,000$61,000,000$1,627,000,000$1,830,000,000$1,819,000,000$1,927,000,000$1,419,000,000$1,703,000,000$1,126,000,000$1,100,000,000$290,000,000$931,000,000$743,000,000$757,000,000$1,419,000,000$1,703,000,000$1,126,000,000$1,100,000,000$289,000,000$931,000,000$743,000,000$758,000,000$165,000,000$822,000,000$773,000,000$710,000,000$(153,000,000$)
Operating Margin10.78%12.00%11.85%11.66%10.50%11.09%11.00%10.55%10.77%10.02%10.86%8.81%8.60%8.14%9.01%9.05%8.62%10.58%23.94%13.35%2.45%18.21%.53%11.86%13.56%13.11%14.69%10.46%11.73%7.98%9.26%2.53%9.33%7.88%7.84%10.46%11.73%7.98%9.26%2.52%9.33%7.88%7.85%1.22%5.49%5.47%5.43%(1.21%)
Interest Income
Interest Expenses890,000,000$865,000,000$809,000,000$807,000,000$828,000,000$762,000,000$728,000,000$686,000,000$632,000,000$641,000,000$619,000,000$592,000,000$577,000,000$578,000,000$559,000,000$554,000,000$558,000,000$566,000,000$589,000,000$577,000,000$569,000,000$579,000,000$602,000,000$584,000,000$579,000,000$578,000,000$590,000,000$544,000,000$535,000,000$510,000,000$466,000,000$482,000,000$490,000,000$477,000,000$473,000,000$468,000,000$474,000,000$443,000,000$427,000,000$401,000,000$442,000,000$408,000,000$371,000,000$354,000,000$356,000,000$344,000,000$315,000,000$308,000,000$
Income Before Tax1,379,000,000$1,537,000,000$1,761,000,000$1,583,000,000$1,523,000,000$2,219,000,000$1,781,000,000$1,614,000,000$1,124,000,000$1,341,000,000$1,518,000,000$1,482,000,000$1,404,000,000$1,708,000,000$1,478,000,000$1,181,000,000$984,000,000$990,000,000$3,716,000,000$902,000,000$(360,000,000$)771,000,000$(936,000,000$)1,292,000,000$1,241,000,000$1,243,000,000$3,689,000,000$905,000,000$1,341,000,000$727,000,000$716,000,000$(589,000,000$)584,000,000$347,000,000$368,000,000$(422,000,000$)(60,000,000$)402,000,000$281,000,000$(324,000,000$)275,000,000$716,000,000$233,000,000$(206,000,000$)526,000,000$528,000,000$569,000,000$(733,000,000$)
Tax Expenses87,000,000$79,000,000$41,000,000$136,000,000$89,000,000$227,000,000$89,000,000$47,000,000$77,000,000$108,000,000$71,000,000$45,000,000$82,000,000$86,000,000$(9,000,000$)(50,000,000$)77,000,000$82,000,000$75,000,000$69,000,000$41,000,000$99,000,000$28,000,000$(19,000,000$)54,000,000$34,000,000$126,000,000$(2,000,000$)(52,000,000$)68,000,000$(10,000,000$)(1,747,000,000$)(157,000,000$)33,000,000$38,000,000$(107,000,000$)(89,000,000$)(7,000,000$)(55,000,000$)(116,000,000$)37,000,000$(56,000,000$)12,000,000$86,000,000$56,000,000$70,000,000$145,000,000$(43,000,000$)
Net Income1,292,000,000$1,458,000,000$1,720,000,000$1,447,000,000$1,434,000,000$1,992,000,000$1,692,000,000$1,567,000,000$1,047,000,000$1,233,000,000$1,447,000,000$1,437,000,000$1,322,000,000$1,622,000,000$1,487,000,000$1,231,000,000$907,000,000$908,000,000$3,641,000,000$833,000,000$(401,000,000$)672,000,000$(964,000,000$)1,276,000,000$1,161,000,000$1,208,000,000$1,180,000,000$852,000,000$1,391,000,000$633,000,000$489,000,000$1,168,000,000$758,000,000$121,000,000$319,000,000$852,000,000$1,391,000,000$633,000,000$489,000,000$1,168,000,000$758,000,000$121,000,000$319,000,000$(294,000,000$)470,000,000$500,000,000$448,000,000$(701,000,000$)
Profit Margin6.48%7.58%8.18%7.41%6.90%9.61%7.82%7.63%5.05%6.73%7.62%7.01%5.76%6.25%7.26%6.60%5.44%6.01%21.42%8.30%(4.03%)9.16%(8.29%)9.30%8.60%8.71%8.99%6.28%9.58%4.48%4.12%10.20%7.59%1.28%3.30%6.28%9.58%4.48%4.12%10.20%7.59%1.28%3.30%(2.18%)3.14%3.54%3.43%(5.56%)
TTM7.42%7.52%8.03%7.94%7.99%7.53%6.82%6.74%6.57%6.74%6.59%6.53%6.43%6.42%6.39%9.92%10.70%9.56%10.71%.36%1.37%4.65%5.09%8.90%8.14%8.41%7.33%6.22%7.08%6.43%5.93%5.84%5.84%5.84%5.84%6.22%7.08%6.43%5.93%5.84%2.12%1.30%1.90%2.02%1.31%1.15%.88%.65%
Earnings to Minority259,000,000$275,000,000$384,000,000$355,000,000$238,000,000$663,000,000$436,000,000$219,000,000$451,000,000$308,000,000$321,000,000$268,000,000$304,000,000$284,000,000$205,000,000$297,000,000$260,000,000$269,000,000$341,000,000$312,000,000$242,000,000$306,000,000$(121,000,000$)325,000,000$317,000,000$317,000,000$297,000,000$220,000,000$1,008,000,000$278,000,000$126,000,000$917,000,000$506,000,000$(91,000,000$)80,000,000$(1,034,000,000$)(168,000,000$)183,000,000$24,000,000$(484,000,000$)(55,000,000$)474,000,000$(63,000,000$)(407,000,000$)282,000,000$336,000,000$280,000,000$(529,000,000$)
Earnings to Common Shareholders959,000,000$1,091,000,000$1,255,000,000$1,008,000,000$1,115,000,000$1,181,000,000$1,088,000,000$1,204,000,000$465,000,000$797,000,000$1,003,000,000$1,049,000,000$899,000,000$1,220,000,000$1,161,000,000$820,000,000$534,000,000$538,000,000$3,285,000,000$509,000,000$(655,000,000$)353,000,000$(854,000,000$)971,000,000$857,000,000$878,000,000$808,000,000$672,000,000$371,000,000$355,000,000$371,000,000$248,000,000$250,000,000$220,000,000$238,000,000$244,000,000$209,000,000$240,000,000$311,000,000$316,000,000$290,000,000$299,000,000$281,000,000$111,000,000$187,000,000$159,000,000$163,000,000$(164,000,000$)
QoQ%(12.10%)(13.07%)24.50%(9.60%)(5.59%)8.55%(9.64%)158.93%(41.66%)(20.54%)(4.39%)16.69%(26.31%)5.08%41.59%53.56%(.74%)(83.62%)545.38%177.71%(285.55%)141.34%(187.95%)13.30%(2.39%)8.66%20.24%81.13%4.51%(4.31%)49.60%(.80%)13.64%(7.56%)(2.46%)16.75%(12.92%)(22.83%)(1.58%)8.97%(3.01%)6.41%153.15%(40.64%)17.61%(2.45%)199.39%(211.57%)
YoY%(13.99%)(7.62%)15.35%(16.28%)139.79%48.18%8.48%14.78%(48.28%)(34.67%)(13.61%)27.93%68.35%126.77%(64.66%)61.10%181.53%52.41%484.66%(47.58%)(176.43%)(59.80%)(205.69%)44.49%131.00%147.32%117.79%170.97%48.40%61.36%55.88%1.64%19.62%(8.33%)(23.47%)(22.79%)(27.93%)(19.73%)10.68%184.69%55.08%88.05%72.39%167.68%27.21%29.27%114.47%(582.35%)
Earnings Per Share, Basic
Earnings Per Share, Diluted
Unlevered FCF Per Share, Basic
Unlevered FCF Per Share, Diluted
Average Shares, Basic
Average Shares, Diluted
EBIT2,269,000,000$2,402,000,000$2,570,000,000$2,390,000,000$2,351,000,000$2,981,000,000$2,509,000,000$2,300,000,000$1,756,000,000$1,982,000,000$2,137,000,000$2,074,000,000$1,981,000,000$2,286,000,000$2,037,000,000$1,735,000,000$1,542,000,000$1,556,000,000$4,305,000,000$1,479,000,000$209,000,000$1,350,000,000$(334,000,000$)1,876,000,000$1,820,000,000$1,821,000,000$4,279,000,000$1,449,000,000$1,876,000,000$1,237,000,000$1,182,000,000$(107,000,000$)1,074,000,000$824,000,000$841,000,000$46,000,000$414,000,000$845,000,000$708,000,000$77,000,000$717,000,000$1,124,000,000$604,000,000$148,000,000$882,000,000$872,000,000$884,000,000$(425,000,000$)
EBITDA3,709,000,000$3,786,000,000$3,937,000,000$2,390,000,000$3,675,000,000$4,194,000,000$3,763,000,000$3,458,000,000$2,863,000,000$3,043,000,000$3,196,000,000$3,134,000,000$3,011,000,000$3,332,000,000$3,065,000,000$2,715,000,000$2,485,000,000$2,496,000,000$5,259,000,000$2,442,000,000$1,121,000,000$2,286,000,000$533,000,000$2,680,000,000$2,604,000,000$2,606,000,000$5,053,000,000$2,199,000,000$2,626,000,000$1,931,000,000$1,847,000,000$570,000,000$1,716,000,000$1,431,000,000$1,469,000,000$666,000,000$962,000,000$1,382,000,000$1,270,000,000$497,000,000$1,241,000,000$1,638,000,000$1,097,000,000$624,000,000$1,307,000,000$1,322,000,000$1,257,000,000$(74,000,000$)