Energy Transfer LP
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 95.7%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.