Financials in USD. Standardized financial statements.
A compact view of how Energy Transfer LP turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $82.63B | $82.67B | $78.59B | $89.88B | $67.42B | $38.95B | $54.21B | $54.09B | $40.52B | $37.50B |
| Revenue Growth? | -0.1% | +5.2% | -12.6% | +33.3% | +73.1% | -28.1% | +0.2% | +33.5% | +8.0% | 0.0% |
| Cost of Revenue? | $64.62B | $66.98B | $64.78B | $76.57B | $53.97B | $28.70B | $43.09B | $44.69B | $33.61B | $25.89B |
| Gross Profit? | $18.01B | $15.69B | $13.80B | $13.31B | $13.45B | $10.25B | $11.12B | $9.39B | $6.91B | $5.90B |
| Gross Margin? | +21.8% | +19.0% | +17.6% | +14.8% | +19.9% | +26.3% | +20.5% | +17.4% | +17.1% | +15.7% |
| Operating Expenses? | $8.57B | $6.55B | $5.51B | $5.57B | $4.66B | $7.27B | $3.92B | $3.99B | $4.19B | $4.05B |
| Operating Income? | $9.44B | $9.14B | $8.29B | $7.74B | $8.79B | $2.98B | $7.20B | $5.40B | $2.71B | $1.85B |
| EBITDA? | $14.93B | $15.40B | $12.56B | $12.29B | $12.63B | $9.54B | $10.50B | $8.69B | $6.31B | $5.11B |
| Income Before Tax | $6.29B | $7.11B | $5.60B | $6.07B | $6.87B | $377.00M | $5.02B | $3.63B | $710.00M | -$176.00M |
| Income Tax Expense | $222.00M | $541.00M | $303.00M | $204.00M | $184.00M | $237.00M | $195.00M | $4.00M | -$1.83B | -$217.00M |
| Net Income? | $4.90B | $4.81B | $3.94B | $4.76B | $5.47B | -$648.00M | $3.52B | $1.69B | $954.00M | $995.00M |
| EPS? | $1.36 | $1.29 | $1.10 | $1.40 | $1.89 | $-0.24 | $1.34 | $1.19 | $0.85 | $0.94 |
| Diluted EPS? | $1.35 | $1.28 | $1.09 | $1.40 | $1.89 | $-0.24 | $1.33 | $1.16 | $0.80 | $0.92 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality