ENERGY TRANSFER LP (ET) FY2025 Annual Balance Sheet

ENERGY TRANSFER LP (ET) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

141,286,000,000 US dollars

Current assets

18,233,000,000 US dollars

Non-current assets

123,053,000,000 US dollars

Liabilities (calculated)

92,026,000,000 US dollars

Current liabilities

14,955,000,000 US dollars

Non-current liabilities

77,071,000,000 US dollars

Equity

49,010,000,000 US dollars

Redeemable noncontrolling interests

250,000,000 US dollars

Noncontrolling interest

14,644,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Accumulated depreciation and depletion

negative 39,141,000,000 US dollars. Part of Property, Plant and Equipment, Net, drawn as one net amount.

Property, plant and equipment

141,283,000,000 US dollars. Part of Property, Plant and Equipment, Net, drawn as one net amount.

Accounts receivable, net - Nonrelated Party

11,275,000,000 US dollars

Inventories

4,770,000,000 US dollars

Cash and cash equivalents

1,272,000,000 US dollars

Other current assets

688,000,000 US dollars

Accounts receivable from related companies - Related Party

119,000,000 US dollars

Income taxes receivable

57,000,000 US dollars

Derivative assets

52,000,000 US dollars

Property, Plant and Equipment, Net

102,142,000,000 US dollars

Intangible assets, net

7,438,000,000 US dollars

Goodwill

5,452,000,000 US dollars

Investments in unconsolidated affiliates

3,589,000,000 US dollars

Other non-current assets, net

2,591,000,000 US dollars

Lease right-of-use assets, net

1,841,000,000 US dollars

Accounts payable - Nonrelated Party

9,469,000,000 US dollars

Accrued and other current liabilities

5,165,000,000 US dollars

Operating lease current liabilities

245,000,000 US dollars

Accounts payable - Related Party

41,000,000 US dollars

Current maturities of long-term debt

25,000,000 US dollars

Derivative liabilities

10,000,000 US dollars

Long-term debt, less current maturities

68,308,000,000 US dollars

Deferred Income Tax Liabilities, Net

5,307,000,000 US dollars

Other non-current liabilities

1,941,000,000 US dollars

Non-current operating lease liabilities

1,515,000,000 US dollars

Common Unitholders (3,439,986,779 and 3,431,088,022 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively)

30,930,000,000 US dollars

Preferred Unitholders (44,398,959 and 44,898,959 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively)

3,356,000,000 US dollars

Accumulated other comprehensive income

82,000,000 US dollars

Noncontrolling interests

14,644,000,000 US dollars

General Partner

negative 2,000,000 US dollars

Gross equity (calculated)

49,012,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.