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Energy Transfer LP (ET)

Energy Transfer LP brought in $107.4B of revenue over the twelve months to June 30, 2026, up 33.3% from a year earlier. Net income was $5.3B, a net margin of 4.9%. Operating cash flow minus capital spending left $3.8B of free cash flow in fiscal 2025. At June 30, 2026 it held $1B in cash against $68.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

Price
$20.19
-0.69% on the day · September 25, 2026
52-week range $16.18 to $21.84
Market cap
$69.5B
Revenue (last 12 months)
$107.4B
+33.3% year on year
Net margin
4.9%

What Energy Transfer LP does

Energy Transfer owns and operates energy infrastructure across the United States. It runs natural gas gathering, transportation, and storage pipeline systems, alongside crude oil pipelines, natural gas liquids processing facilities, and export terminals that serve energy exploration companies, utilities, and industrial consumers. Its shares trade on NYSE under the ticker ET.

Revenue and profit by year

Revenue
FY18: $54.1B $54.1B FY18FY19: $54.2B $54.2B FY19FY20: $39B $39B FY20FY21: $67.4B $67.4B FY21FY22: $89.9B $89.9B FY22FY23: $78.6B $78.6B FY23FY24: $82.7B $82.7B FY24FY25: $85.5B $85.5B FY25
Net income
FY18: $1.7B $1.7B FY18FY19: $3.5B $3.5B FY19FY20: -$648M -$648M FY20FY21: $5.5B $5.5B FY21FY22: $4.8B $4.8B FY22FY23: $3.9B $3.9B FY23FY24: $4.8B $4.8B FY24FY25: $4.4B $4.4B FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$85.5B$9B$4.4Bn/a$3.8B
2024$82.7B$9.1B$4.8Bn/a$7.3B
2023$78.6B$8.3B$3.9Bn/a$6.4B
2022$89.9B$7.7B$4.8Bn/a$5.7B
2021$67.4B$8.8B$5.5Bn/a$8.3B
2020$39B$3B-$648Mn/a$2.2B

Latest SEC filings

What Energy Transfer LP has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 24, 2026
  2. September 10, 2026
  3. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026
  4. August 4, 2026
  5. July 21, 2026
  6. July 17, 2026
  7. July 17, 2026
  8. July 17, 2026
  9. July 17, 2026
  10. July 17, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 20, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about ET

What does Energy Transfer LP do?

Energy Transfer owns and operates energy infrastructure across the United States. It runs natural gas gathering, transportation, and storage pipeline systems, alongside crude oil pipelines, natural gas liquids processing facilities, and export terminals that serve energy exploration companies, utilities, and industrial consumers. Its shares trade on NYSE under the ticker ET.

Is Energy Transfer LP profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $5.3B on revenue of $107.4B, a net margin of 4.9%.

How much revenue does Energy Transfer LP make?

Over the twelve months to June 30, 2026 Energy Transfer LP reported revenue of $107.4B. That is 33.3% more than a year earlier.

When did Energy Transfer LP last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the conflict minerals disclosure from September 24, 2026.

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Where the numbers come from

Financial figures are the values Energy Transfer LP tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.