ET · Energy Transfer LP
$21.19
-0.02 (-0.09%)
At close · Aug 21
Market Cap
$72.96B
Shares
3.44B
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$85.54B
+3.5%
FY2025
Net Income
$4.43B
-7.9%
FY2025
Gross Margin
13.11%
+1.2pp
FY2014
Operating Margin
10.55%
-0.5pp
FY2025
Operating Cash Flow
$10.15B
-11.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $107.38B | $85.54B | $82.67B | $78.59B | $89.88B | $67.42B | $38.95B | $54.21B | $54.09B | $40.52B | $31.79B | $36.1B | $55.69B | $48.34B | $16.96B | $8.19B | $6.56B | $5.42B | $9.29B | |
| $82.06B | $63.5B | $61.98B | $60.54B | $72.23B | $50.4B | $25.49B | $39.8B | $41.6B | $30.97B | $23.69B | $28.67B | $48.41B | $42.58B | $13.09B | $5.17B | $4.1B | $3.12B | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | $7.3B | $5.78B | $3.88B | $3.02B | $2.49B | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | 13.11% | 11.96% | 22.85% | 36.89% | 37.93% | — | — | |
| $1.42B | $1.18B | $1.18B | $985M | $1.02B | $818M | $711M | $694M | $702M | $599M | $656M | $548M | $611M | $533M | $527M | $253M | $233M | $178.92M | $200.18M | |
| — | $479M | $464M | $399M | $390M | $352M | $403M | $308M | — | — | — | — | — | — | — | — | — | — | — | |
| $6.09B | $5.68B | $5.17B | $4.39B | $4.16B | $3.82B | $3.68B | $3.15B | $2.86B | $2.55B | $2.22B | $1.95B | $1.72B | $1.31B | $871M | $586M | $406M | $325.02M | $274.37M | |
| $96.6B | $76.51B | $73.53B | $70.29B | $82.14B | $58.63B | $35.97B | $47.01B | $48.68B | $37.8B | $29.94B | $33.81B | $53.22B | $46.78B | $15.6B | $6.95B | $5.51B | $4.31B | $8.19B | |
| $10.78B | $9.03B | $9.14B | $8.3B | $7.74B | $8.79B | $2.98B | $7.2B | $5.4B | $2.72B | $1.85B | $2.29B | $2.47B | $1.55B | $1.36B | $1.24B | $1.04B | $1.11B | $1.1B | |
| — | 10.55% | 11.05% | 10.56% | 8.61% | 13.04% | 7.65% | 13.29% | 9.99% | 6.71% | 5.82% | 6.34% | 4.44% | 3.21% | 8.02% | 15.1% | 15.92% | 20.5% | 11.82% | |
| $16.87B | $14.71B | $14.3B | $12.68B | $11.9B | $12.61B | $6.66B | $10.35B | $8.26B | $5.28B | $4.07B | $4.24B | $4.19B | $2.86B | $2.23B | $1.82B | $1.45B | $1.44B | $1.37B | |
| $3.68B | $3.47B | $3.13B | $2.58B | $2.31B | $2.27B | $2.33B | $2.33B | $2.06B | $1.92B | $1.8B | $1.62B | $1.37B | $1.22B | $1.02B | $740M | $625M | $468.42M | $357.54M | |
| $74M | $120M | $140M | $122M | $90M | $77M | $12M | $105M | $62M | $206M | $124M | $20M | -$11M | -$1M | $30M | $17M | -$4M | $1.91M | $8.12M | |
| $440M | $419M | $379M | $383M | $257M | $246M | $119M | $302M | $344M | $144M | $270M | $276M | $332M | $236M | $212M | $117M | $65M | $20.6M | -$165K | |
| $4.63B | — | — | — | — | $6.87B | $377M | $5.02B | $3.69B | $710M | $204M | $900M | $1.42B | $375M | $1.44B | $548M | $359M | $707.1M | — | |
| $559M | $350M | $541M | $303M | $204M | $184M | $237M | $195M | $4M | -$1.83B | -$258M | -$123M | $357M | $93M | $54M | $17M | $14M | $9.23M | $3.81M | |
| $5.29B | $4.43B | $4.81B | $3.94B | $4.76B | $5.47B | -$648M | $3.52B | $1.75B | $954M | $995M | $1.19B | $633M | $196M | $304M | $310M | $193M | $442.47M | $375.04M | |
| — | 5.18% | 5.82% | 5.01% | 5.29% | 8.11% | -1.66% | 6.49% | 3.23% | 2.35% | 3.13% | 3.29% | 1.14% | 0.41% | 1.79% | 3.79% | 2.94% | 8.17% | 4.04% | |
| $1.27B | — | $1.69B | $1.3B | $1.06B | $1.17B | $739M | $1.26B | $1.63B | $1.41B | -$995M | -$128M | $491M | $119M | $970M | $218M | $144M | $255.4M | $304.71M | |
| $5.27B | $4.45B | $4.86B | $3.95B | $4.76B | $5.49B | -$632M | $3.55B | $1.71B | $954M | $995M | $1.19B | $619M | $213M | $291M | $306M | $251M | $456.67M | $318.45M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2012–FY2023: $2.12B in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
1.31×
Peer median 4.68×
EV/EBIT
13.01×
Peer median 17.23×
P/E (TTM)
—
Peer median 23.64×
Peer medians compare against the 16 similar-size Oil & Gas Midstream companies (of 39 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Crudeoiltransportationandservices | $26,478,000,000 | $28,539,000,000 | $26,536,000,000 | $25,982,000,000 | $17,446,000,000 | $11,679,000,000 | $18,447,000,000 | $17,332,000,000 |
| Investment in Sunoco LP | $25,201,000,000 | $22,693,000,000 | $23,068,000,000 | $25,729,000,000 | $17,596,000,000 | $10,710,000,000 | $16,596,000,000 | $16,994,000,000 |
| NG Landrefinedproductstransportationandservices | $24,853,000,000 | $24,530,000,000 | $21,903,000,000 | $25,657,000,000 | $19,961,000,000 | $10,513,000,000 | $11,641,000,000 | $11,123,000,000 |
| Midstream | $12,503,000,000 | $11,199,000,000 | $10,406,000,000 | $17,101,000,000 | $11,316,000,000 | $5,026,000,000 | $6,031,000,000 | $7,522,000,000 |
| Intrastate Transportation and Storage | $3,996,000,000 | $3,053,000,000 | $3,962,000,000 | $7,818,000,000 | $8,571,000,000 | $2,544,000,000 | $3,099,000,000 | $3,737,000,000 |
| All Other Segments | $3,909,000,000 | $1,747,000,000 | $1,798,000,000 | $3,574,000,000 | $3,476,000,000 | $1,838,000,000 | $1,689,000,000 | $2,228,000,000 |
| Interstate Transportation and Storage | $2,445,000,000 | $2,296,000,000 | $2,375,000,000 | $2,251,000,000 | $1,841,000,000 | $1,861,000,000 | $1,963,000,000 | $1,682,000,000 |
| Investment in USAC | $998,000,000 | $950,000,000 | $846,000,000 | $705,000,000 | $633,000,000 | $667,000,000 | $698,000,000 | $508,000,000 |
| Crude Oil Transportation and Services | — | — | — | — | — | — | $18,447,000,000 | $17,332,000,000 |
| Interstate Transportation and Storage | — | — | — | — | — | — | $1,963,000,000 | $1,682,000,000 |
| Intrastate Transportation and Storage | — | — | — | — | — | — | $3,099,000,000 | $3,737,000,000 |
| Investment in Sunoco LP | — | — | — | — | — | — | $16,596,000,000 | $16,994,000,000 |
| Investment In USAC | — | — | — | — | — | — | $698,000,000 | $508,000,000 |
| Midstream | — | — | — | — | — | — | $6,031,000,000 | $7,522,000,000 |
| NGL and Refined Products Transportation and Services | — | — | — | — | — | — | $11,641,000,000 | $11,123,000,000 |
| Intersegment Elimination | — | — | — | — | — | — | -$5,951,000,000 | -$7,039,000,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Oil And Gas Refining And Marketing | $24,211,000,000 | $22,051,000,000 | $23,389,000,000 | $26,020,000,000 | $17,766,000,000 | $10,514,000,000 | $16,752,000,000 | $17,458,000,000 |
| Oil And Gas | $23,487,000,000 | $25,368,000,000 | $23,492,000,000 | $23,473,000,000 | $15,299,000,000 | $9,442,000,000 | $15,917,000,000 | $14,425,000,000 |
| NGL Sales | $19,038,000,000 | $19,105,000,000 | $15,957,000,000 | $20,114,000,000 | $15,243,000,000 | $6,797,000,000 | $8,290,000,000 | $9,986,000,000 |
| Natural Gas Midstream | $12,423,000,000 | $12,027,000,000 | $11,428,000,000 | $10,907,000,000 | $9,229,000,000 | $8,982,000,000 | $9,086,000,000 | $6,797,000,000 |
| Natural Gas Sales | $4,655,000,000 | $2,737,000,000 | $3,259,000,000 | $8,535,000,000 | $9,159,000,000 | $2,633,000,000 | $3,295,000,000 | $4,452,000,000 |
| Product And Service Other | $1,722,000,000 | $1,383,000,000 | $1,061,000,000 | $827,000,000 | $721,000,000 | $586,000,000 | $873,000,000 | $969,000,000 |
Key facts
CIK
1276187
CUSIP
29273V100
13F (30d)
955 filings
934 filers
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