Energy Transfer Financial Statements
TXSE: ETEnergyOil & Gas MidstreamUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 20.49 +0.39%
Energy Transfer revenue and earnings
In fiscal 2025, Energy Transfer generated $85.54 billion in revenue, up 3.5% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $4.43 billion (-7.9% year over year), for a net margin of 5.2% versus a median of 5.3% in the prior 5 years. Gross margin was 25.8% (up from 25.0%) and operating margin 10.6%.
Over the last 5 fiscal years, ET's revenue has grown at a 17.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Energy Transfer income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85.54B | 82.67B | 78.59B | 89.88B | 67.42B | 38.95B | 54.21B | 54.09B | 40.52B | 31.79B |
| Revenue growth (YoY) | +3.47% | +5.20% | -12.56% | +33.31% | +73.07% | -28.15% | +0.23% | +33.47% | +27.46% | -11.92% |
| Cost of Revenue | 63.49B | 61.98B | 60.54B | 72.23B | 50.40B | 25.49B | 39.80B | 41.60B | 30.97B | 23.69B |
| Gross Profit | 22.04B | 20.70B | 18.05B | 17.64B | 17.02B | 13.47B | 14.41B | 12.48B | 9.56B | 8.10B |
| Operating Expenses | 13.01B | 11.56B | 9.75B | 9.91B | 8.23B | 10.49B | 7.21B | 7.08B | 6.84B | 6.25B |
| Selling, General & Admin | 1.18B | 1.18B | 985.00M | 1.02B | 818.00M | 711.00M | 694.00M | 702.00M | 599.00M | 656.00M |
| Operating Income | 9.03B | 9.14B | 8.29B | 7.74B | 8.79B | 2.98B | 7.20B | 5.40B | 2.72B | 1.85B |
| Interest Expense | 3.47B | 3.13B | 2.58B | 2.31B | 2.27B | 2.33B | 2.33B | 2.06B | 1.92B | 1.80B |
| Other Income (Expense) | 120.00M | 140.00M | 122.00M | 90.00M | 77.00M | 12.00M | 105.00M | 62.00M | 206.00M | 124.00M |
| Pretax Income | — | — | — | — | 6.87B | 377.00M | 5.02B | 3.69B | 710.00M | 204.00M |
| Income Tax | 350.00M | 541.00M | 303.00M | 204.00M | 184.00M | 237.00M | 195.00M | 4.00M | -1.83B | -258.00M |
| Net Income | 4.43B | 4.81B | 3.94B | 4.76B | 5.47B | -648.00M | 3.52B | 1.75B | 954.00M | 995.00M |
| Net Income growth (YoY) | -7.91% | +22.34% | -17.26% | -13.05% | — | -118.42% | +101.14% | +83.33% | -4.12% | -16.32% |
| EBITDA | 14.71B | 14.30B | 12.68B | 11.90B | 12.61B | 6.66B | 10.35B | 8.26B | 5.28B | 4.07B |
| Gross Margin | 25.77% | 25.03% | 22.96% | 19.63% | 25.25% | 34.57% | 26.58% | 23.08% | 23.58% | 25.47% |
| Operating Margin | 10.55% | 11.05% | 10.56% | 8.61% | 13.04% | 7.65% | 13.29% | 9.99% | 6.71% | 5.82% |
| Net Margin | 5.18% | 5.82% | 5.01% | 5.29% | 8.11% | -1.66% | 6.49% | 3.23% | 2.35% | 3.13% |
This table shows 10 annual periods of Energy Transfer's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ET's reporting calendar. What is a income statement?