When did Energy Transfer report Q1 2025 earnings?

Energy Transfer (ET) reported Q1 2025 earnings on May 6, 2025 after market close.

What were Energy Transfer's Q1 2025 revenue and EPS?

Energy Transfer reported revenue of $21.0B and diluted EPS of $0.36 for Q1 2025.

Did Energy Transfer beat estimates in Q1 2025?

Revenue missed the consensus estimate of $21.5B by $518.3M. EPS beat the consensus estimate of $0.36 by $0.00.

How did Energy Transfer's Q1 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 2.8% from $21.6B a year earlier and diluted EPS grew 12.5% from $0.32.

Where can I find Energy Transfer's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0001276187-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.

Energy Transfer ET Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$21.0BMiss by $518.3M Diluted EPS$0.36Beat by $0.00

Revenue estimate$21.5B

EPS estimate$0.36

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$28.7B

EPS estimate$0.37

Financials

Q1 2025

Income statement

See full

Revenue$21.0B-2.8%

Gross profit$5.4B+8.3%

Operating income$2.5B+4.7%

Net income$1.3B+6.7%

EPS (diluted)$0.36+12.5%

Balance sheet

See full

Cash & equivalents$453.0M-76.7%

Total debt$60.6B+11.8%

Total assets$126.43B+9.2%

Cash flow

See full

Operating cash flow$2.9B-22.7%

CapEx$1.2B+54.0%

Free cash flow$1.7B-43.1%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$63.79B+23.7%

Enterprise value$123.94B+19.3%

P/E13×+0.3×

P/S0.8×+0.1×

Profitability

See full

Gross margin25.7%+2.7pp

Operating margin11.3%+0.7pp

Net margin6%+1.0pp

FCF margin7.4%-1.1pp

Returns & leverage

See full

Current ratio1.1×-0.1×

Segments

By segment

See full

NGL and refined products transportation and services$6.9B+5.9%

Crude oil transportation and services$6.2B-18.7%

Investment in Sunoco LP$5.2B-5.8%

Midstream$3.7B+31.8%

Intrastate transportation and storage$1.3B+41.0%

By product

See full

NGL sales$5.6B+7.4%

Crude sales$5.4B—

Refined product sales$5.0B—

Gathering, transportation and other fees$3.0B—

Natural gas sales$1.6B+84.9%

Versus estimates

Revenue

Q1 2026$27.8BBeat by $2.0B Q4 2025$25.3BBeat by $1.3B Q3 2025$20.0BMiss by $2.0B Q2 2025$19.2BMiss by $3.3B

Q1 2025$21.0BMiss by $518.3M

Q4 2024$19.5BMiss by $1.9B

Diluted EPS

Q1 2026$0.35Miss by $0.05 Q4 2025$0.25Miss by $0.12 Q3 2025$0.28Miss by $0.05 Q2 2025$0.32Miss by $0.01

Q1 2025$0.36Beat by $0.00

Q4 2024$0.29Miss by $0.06

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Questions, answered.

When did Energy Transfer report Q1 2025 earnings?: Energy Transfer (ET) reported Q1 2025 earnings on May 6, 2025 after market close.
What were Energy Transfer's Q1 2025 revenue and EPS?: Energy Transfer reported revenue of $21.0B and diluted EPS of $0.36 for Q1 2025.
Did Energy Transfer beat estimates in Q1 2025?: Revenue missed the consensus estimate of $21.5B by $518.3M. EPS beat the consensus estimate of $0.36 by $0.00.
How did Energy Transfer's Q1 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 2.8% from $21.6B a year earlier and diluted EPS grew 12.5% from $0.32.
Where can I find Energy Transfer's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0001276187-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.