# ENERGY TRANSFER LP (ET) FY2025 Q1 P&L / Income Statement

- Company: ENERGY TRANSFER LP (ET)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-08, accession number 0001276187-25-000056
- Page: https://plicit.ai/financials/et/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/et-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 21,020,000,000 US dollars
- **Cost of products sold**: 15,571,000,000 US dollars
- **Gross profit (calculated)**: 5,449,000,000 US dollars
- **Total operating expenses (calculated)**: 2,958,000,000 US dollars
- **OPERATING INCOME**: 2,491,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 730,000,000 US dollars
- **INCOME BEFORE INCOME TAX EXPENSE**: 1,761,000,000 US dollars
- **Income tax expense**: 41,000,000 US dollars
- **Net income**: 1,720,000,000 US dollars
- **Crude sales**: 5,449,000,000 US dollars
- **NGL sales**: 5,642,000,000 US dollars
- **Gathering, transportation and other fees**: 3,005,000,000 US dollars
- **Natural gas sales**: 1,581,000,000 US dollars
- **Other**: 380,000,000 US dollars
- **Refined product sales**: 4,963,000,000 US dollars
- **Depreciation, depletion and amortization**: 1,367,000,000 US dollars
- **Impairment loss**: 4,000,000 US dollars
- **Selling, general and administrative**: 288,000,000 US dollars
- **Operating expenses**: 1,299,000,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/et/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/et-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 21,020,000,000 US dollars
- **Cost of products sold**: 15,571,000,000 US dollars
- **Gross profit (calculated)**: 5,449,000,000 US dollars
- **Total operating expenses (calculated)**: 2,958,000,000 US dollars
- **OPERATING INCOME**: 2,491,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 730,000,000 US dollars
- **INCOME BEFORE INCOME TAX EXPENSE**: 1,761,000,000 US dollars
- **Income tax expense**: 41,000,000 US dollars
- **Net income**: 1,720,000,000 US dollars
- **Intrastate Transportation And Storage**: 1,294,000,000 US dollars
- **Investment In Sunoco LP**: 5,179,000,000 US dollars
- **Investment In USAC**: 245,000,000 US dollars
- **Interstate Transportation and Storage**: 621,000,000 US dollars
- **Midstream**: 3,656,000,000 US dollars
- **NGL and refined products transportation and services**: 6,909,000,000 US dollars
- **Crude oil transportation and services**: 6,208,000,000 US dollars
- **Other Segments**: 995,000,000 US dollars
- **Depreciation, depletion and amortization**: 1,367,000,000 US dollars
- **Impairment loss**: 4,000,000 US dollars
- **Selling, general and administrative**: 288,000,000 US dollars
- **Operating expenses**: 1,299,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 25,107,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment Eliminations**: negative 4,087,000,000 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.