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

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

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.