# ENERGY TRANSFER LP (ET) FY2025 Annual P&L / Income Statement

- Company: ENERGY TRANSFER LP (ET)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-19, accession number 0001276187-26-000013
- Page: https://plicit.ai/financials/et/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/et-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 85,536,000,000 US dollars
- **Cost of products sold**: 63,495,000,000 US dollars
- **Gross profit (calculated)**: 22,041,000,000 US dollars
- **Total operating expenses (calculated)**: 13,014,000,000 US dollars
- **OPERATING INCOME**: 9,027,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 2,969,000,000 US dollars
- **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 6,058,000,000 US dollars
- **Income tax expense**: 350,000,000 US dollars
- **NET INCOME**: 5,708,000,000 US dollars
- **Refined product sales**: 24,211,000,000 US dollars
- **Crude sales**: 23,487,000,000 US dollars
- **Natural gas sales**: 4,655,000,000 US dollars
- **Gathering, transportation and other fees**: 12,423,000,000 US dollars
- **NGL sales**: 19,038,000,000 US dollars
- **Other**: 1,722,000,000 US dollars
- **Operating expenses**: 5,867,000,000 US dollars
- **Depreciation, depletion and amortization**: 5,682,000,000 US dollars
- **Selling, general and administrative**: 1,180,000,000 US dollars
- **Impairment losses and other**: 285,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to ENERGY TRANSFER LP: $4.43 B; to noncontrolling interests: $1.28 B.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/et/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/et-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 85,536,000,000 US dollars
- **Cost of products sold**: 63,495,000,000 US dollars
- **Gross profit (calculated)**: 22,041,000,000 US dollars
- **Total operating expenses (calculated)**: 13,014,000,000 US dollars
- **OPERATING INCOME**: 9,027,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 2,969,000,000 US dollars
- **Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax**: 6,058,000,000 US dollars
- **Income tax expense**: 350,000,000 US dollars
- **NET INCOME**: 5,708,000,000 US dollars
- **Investment in USAC**: 998,000,000 US dollars
- **All Other**: 3,909,000,000 US dollars
- **Crude Oil Transportation and Services**: 26,478,000,000 US dollars
- **NGL and Refined Products Transportation and Services**: 24,853,000,000 US dollars
- **Midstream**: 12,503,000,000 US dollars
- **Interstate Transportation and Storage**: 2,445,000,000 US dollars
- **Intrastate Transportation and Storage**: 3,996,000,000 US dollars
- **Investment in Sunoco LP**: 25,201,000,000 US dollars
- **Operating expenses**: 5,867,000,000 US dollars
- **Depreciation, depletion and amortization**: 5,682,000,000 US dollars
- **Selling, general and administrative**: 1,180,000,000 US dollars
- **Impairment losses and other**: 285,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 100,383,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment Eliminations**: negative 14,847,000,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to ENERGY TRANSFER LP: $4.43 B; to noncontrolling interests: $1.28 B.