Total Cost of Revenue
Energy Transfer Total Cost of Revenue increased by 8.9% to $21.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 35.8%, from $15.57B to $21.15B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 5.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.
Detailed definition
Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...
Peer comparison
Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.
total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $11.51B | $13.19B | $14.75B | $16.14B | $21.52B | $18.52B | $16.06B | $14.61B | $14.09B | $16.06B | $15.78B | $16.60B | $15.61B | $15.61B | $14.16B | $15.57B | $13.95B | $14.56B | $19.42B | $21.15B |
| QoQ Change | — | +14.6% | +11.9% | +9.4% | +33.3% | -13.9% | -13.2% | -9.0% | -3.5% | +14.0% | -1.7% | +5.2% | -6.0% | +0.0% | -9.3% | +10.0% | -10.4% | +4.4% | +33.3% | +8.9% |
| YoY Change | — | — | — | — | +87.0% | +40.4% | +8.9% | -9.5% | -34.5% | -13.3% | -1.8% | +13.6% | +10.8% | -2.8% | -10.3% | -6.2% | -10.7% | -6.7% | +37.1% | +35.8% |
Business Segments — Investment In Sunoco LP
| Segment | Q2 '24 | Q3 '24 | Q1 '25 |
|---|---|---|---|
| Investment In Sunoco LP | $5.61B | $5.33B | $4.53B |
| Midstream | $1.46B | $1.55B | $2.26B |
| Intrastate Transportation And Storage | $205.00M | $272.00M | $964.00M |
| Investment In USAC | $36.00M | $38.00M | $38.00M |
| Total | $15.61B | $15.61B | $15.57B |
Intrastate Transportation And Storage, Investment In Sunoco LP, Investment In USAC, Midstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Investment in Sunoco LP
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Investment in Sunoco LP | $5.61B | $5.33B | $4.64B | $4.53B | $4.82B | $5.39B | $7.68B | $9.00B |
| Crude oil transportation and services | $6.31B | $6.30B | $5.21B | $5.21B | $4.73B | $5.05B | $7.48B | $6.79B |
| NGL and refined products transportation and services | $4.51B | $4.53B | $5.05B | $5.64B | $4.64B | $4.49B | $4.74B | $5.48B |
| Midstream | $1.46B | $1.55B | $1.91B | $2.26B | $1.91B | $1.75B | $1.47B | $1.67B |
| All other | — | — | — | $995.00M | — | — | — | $994.00M |
| Intrastate transportation and storage | $205.00M | $272.00M | $426.00M | $964.00M | $561.00M | $546.00M | $454.00M | $710.00M |
| Investment In USAC | $36.00M | $38.00M | $36.00M | $38.00M | $40.00M | $34.00M | $36.00M | $29.00M |
| Interstate transportation and storage | $2.00M | $3.00M | $3.00M | $2.00M | $3.00M | $3.00M | $1.00M | $3.00M |
| Corporate Segment and Other Operating Segment | — | — | — | $955.25M | — | — | $955.25M | — |
| Total | $15.61B | $15.61B | $14.16B | $15.57B | $13.95B | $14.56B | $19.42B | $21.15B |
Corporate Segment and Other Operating Segment is derived from annual filings.
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Energy Transfer's total cost of revenue?
- Energy Transfer (ET) reported total cost of revenue of $21.15B in Q1 2026.
- How has Energy Transfer's total cost of revenue changed year-over-year?
- Energy Transfer's total cost of revenue increased by 35.8% year-over-year, from $15.57B to $21.15B.
- What is the long-term trend for Energy Transfer's total cost of revenue?
- Over 4 years (2021 to 2025), Energy Transfer's total cost of revenue has grown at a 5.9% compound annual growth rate (CAGR), from $50.40B to $63.50B.
- What does total cost of revenue mean?
- The direct costs incurred to produce the goods or services that a company sold during a specific period.