ENERGY TRANSFER LP (ET) FY2026 YTD Q2 P&L / Income Statement

Revenue by Business Segment

2026-01-01 to 2026-06-30

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ENERGY TRANSFER LP (ET) FY2026 YTD Q2 P&L / Income StatementIncome statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUE RECONCILIATIONREVENUEGROSSOPERATINGPRE-TAXNETInvestment in Sunoco LPCrude oil transportation and servicesNGL and refined products transportation and servicesMidstreamIntrastate transportation and storageInvestment in USACInterstate transportation and storageInvestment In USACTotal revenuesRevenue before reconciliation (calculated)EliminationsGross profit (calculated)Cost of products soldOPERATING INCOMETotal operating expenses (calculated)Operating expensesDepreciation, depletion and amortizationSelling, general and administrativeINCOME BEFORE INCOME TAX EXPENSEOther income (expense), net (calculated)Net incomeIncome tax expenseRevenue before reconciliation (calculated)Revenue beforereconciliation(calculated)$69.30 BGross profit (calculated)Gross profit(calculated)$14.02 BINCOME BEFORE INCOME TAX EXPENSEINCOME BEFOREINCOME TAX EXPENSE$4.84 BTotal revenuesTotal revenues$62.11 BOPERATING INCOMEOPERATING INCOME$6.56 BNet incomeNet income$4.51 BInvestment in Sunoco LPInvestmentin Sunoco LP$24.95 BTotal operating expenses (calculated)Total operatingexpenses (calculated)$7.46 BIncome tax expenseIncome tax expense$329.00 MCost of products soldCost of products sold$48.09 BOperating expensesOperating expenses$3.52 BOther income (expense), net (calculated)Other income,net (calculated)−$1.72 BCrude oil transportation and servicesCrude oiltransportationand services$18.81 BDepreciation, depletion and amortizationDepreciation, depletionand amortization$3.16 BNGL and refined products transportation and servicesNGL and refinedproductstransportation and…$14.39 BSelling, general and administrativeSelling, general and administrative$782.00 MMidstreamMidstream$5.87 BIntrastate transportation and storageIntrastatetransportationand storage$1.75 BEliminationsEliminations−$7.20 BInvestment in USACInvestment in USAC$1.62 BInterstate transportation and storageInterstatetransportationand storage$1.24 BInvestment In USACInvestment In USAC$673.00 M
Chart details

ENERGY TRANSFER LP (ET) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2026-01-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues
62,105,000,000 US dollars
Cost of products sold
48,085,000,000 US dollars
Gross profit (calculated)
14,020,000,000 US dollars
Total operating expenses (calculated)
7,463,000,000 US dollars
OPERATING INCOME
6,557,000,000 US dollars
Other income (expense), net (calculated)
negative 1,722,000,000 US dollars
INCOME BEFORE INCOME TAX EXPENSE
4,835,000,000 US dollars
Income tax expense
329,000,000 US dollars
Net income
4,506,000,000 US dollars
Intrastate transportation and storage
1,752,000,000 US dollars
Interstate transportation and storage
1,243,000,000 US dollars
Midstream
5,865,000,000 US dollars
NGL and refined products transportation and services
14,392,000,000 US dollars
Crude oil transportation and services
18,809,000,000 US dollars
Investment in Sunoco LP
24,949,000,000 US dollars
Investment In USAC
673,000,000 US dollars
Investment in USAC
1,619,000,000 US dollars
Depreciation, depletion and amortization
3,158,000,000 US dollars
Impairment losses
0 US dollars
Selling, general and administrative
782,000,000 US dollars
Operating expenses
3,523,000,000 US dollars
Revenue before reconciliation (calculated)
69,302,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
Eliminations
negative 7,197,000,000 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: $3.34 B; to noncontrolling interests: $1.16 B.
ENERGY TRANSFER LP (ET) FY2026 YTD Q2 Revenue by Business Segment Sankey chart
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Gross margin

22.6%

Gross profit / revenue

Operating margin

10.6%

Operating profit / revenue

Cash conversion

169.8%

Operating cash / net income, same period

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