Energy Transfer LP Common Units representing limited partner interests (ET) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Energy Transfer is a diversified midstream firm operating from wellhead to consuming demand. It handles natural gas, natural gas liquids, crude oil, and refined products. Commodities are moved thro...
Energy Transfer LP Common Units representing limited partner interests's revenue increased 3.5% year over year, from $82.67B to $85.54B.
Net income decreased 7.9% over the same period, from $4.81B to $4.43B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 128% in total.
Total debt increased by 14.3% to $68.31B.
Operating cash flow declined 11.8% to $10.15B.
Energy Transfer LP Common Units representing limited partner interests maintains a moderate net profit margin of 5.2%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $20.77B+0.2% | $1.18B | $5.16B | $2.18B | $2.87B | $124.43B | $58.99B | N/A |
| Q4 FY2024 | $19.54B-5.9% | $1.08B | $5.38B | $2.28B | $2.59B | $125.38B | $59.75B | $46.02B |
| Q1 FY2025 | $21.02B+7.6% | $1.32B | $5.45B | $2.49B | $2.92B | $126.42B | $59.78B | N/A |
| Q2 FY2025 | $19.24B-8.5% | $1.16B | $5.30B | $2.31B | $2.76B | $125.02B | $60.75B | N/A |
| Q3 FY2025 | $19.95B+3.7% | $1.02B | $5.39B | $2.15B | $2.57B | $129.33B | $63.10B | N/A |
| Q4 FY2025 | $25.32B+26.9% | $928.0M | $5.90B | $2.08B | $1.90B | $141.29B | $68.31B | N/A |
| Q1 FY2026 | $27.77B+9.7% | $1.25B | $6.62B | $2.98B | $3.38B | N/A | N/A | N/A |
| Q2 FY2026 | $34.33B+23.6% | $2.09B | $7.40B | $3.57B | $4.27B | N/A | N/A | N/A |
Balance Sheet Summary (FY2025)
Energy Transfer LP Common Units representing limited partner interests (ET) Financial Statements & Revenue History
Energy Transfer LP Common Units representing limited partner interests (ET) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission industry trading at $20.18 with a market capitalization of $69. This page provides 42 historical financial statements for Energy Transfer LP Common Units representing limited partner interests, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Energy Transfer LP Common Units representing limited partner interests reported revenue of $85.5 billion, representing 3.5% year-over-year growth. The net profit margin of 5.2% indicates moderate profitability..
ET Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Energy Transfer LP Common Units representing limited partner interests's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether ET is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track ET's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Energy Transfer LP Common Units representing limited partner interests converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of ET's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use ET Financial Data
Investors use Energy Transfer LP Common Units representing limited partner interests's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare ET's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how ET's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View ET's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Energy Transfer LP Common Units representing limited partner interests's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.ET trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.

