Energy Transfer LP

ET · Large cap · Calculated market cap · $66.5B · as of 2026-07-03 · 5 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$85.5B	$82.7B	$78.6B	$89.9B	$67.4B
Cost of revenue	$63.5B	$62.0B	$60.5B	$72.2B	$50.4B
Selling, general & administrative	$1.2B	$1.2B	$985.0M	$1.0B	$818.0M
Operating income	$9.0B	$9.1B	$8.3B	$7.7B	$8.8B
Interest expense	$3.5B	$3.1B	$2.6B	$2.3B	$2.3B
Pretax income	—	—	—	—	$6.9B
Income tax expense	$350.0M	$541.0M	$303.0M	$204.0M	$184.0M
Net income	$4.4B	$4.8B	$3.9B	$4.8B	$5.5B
Balance Sheet
Cash and equivalents	$1.3B	$312.0M	$161.0M	$257.0M	$336.0M
Current assets	$18.2B	$14.2B	$12.4B	$12.1B	$10.5B
Total assets	$141.3B	$125.4B	$113.7B	$105.6B	$106.0B
Current liabilities	$15.0B	$12.7B	$11.3B	$10.4B	$10.8B
Total debt	$68.7B	$60.0B	$52.5B	$48.3B	$49.7B
Stockholders' equity	$49.0B	$46.0B	$43.9B	$40.7B	$39.3B
Cash Flow Statement
Cash from operations	$10.1B	$11.5B	$9.6B	$9.1B	$11.2B
Depreciation and amortization	$5.2B	$4.7B	$4.0B	$3.8B	$3.5B
Stock-based compensation	$148.0M	$151.0M	$130.0M	$115.0M	$111.0M
Capital expenditure	$6.3B	$4.2B	$3.1B	$3.4B	$2.8B
Free cash flow	$3.8B	$7.3B	$6.4B	$5.7B	$8.3B
Share repurchases	—	—	$0	$0	$31.0M
Impairments	$285.0M	$52.0M	$12.0M	$386.0M	$21.0M

Shares outstanding 3.4B · Free float 96.3%

Annual filing data through FY ended December 31, 2025; float as of September 9, 2026.