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Energy Transfer ET Q1 2025 earnings

Reported May 6, 2025 · After market close

Revenue$21.0BMiss by $518.3M
EPS$0.36Beat by $0.00
Revenue estimate$21.5B
EPS estimate$0.36

Next report

Nov 3, 2026 (in a month)
Revenue estimate$30.8B
EPS estimate$0.40

Financials

Q1 2025

Income statement

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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

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Cash & equivalents$453.0M-76.7%
Total debt$60.6B+11.8%
Total assets$126.43B+9.2%

Cash flow

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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

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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

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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

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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%

FAQ

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 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 eps grew 12.5% from $0.32.
Where can I find Energy Transfer's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001276187-25-000048) and the 10-Q periodic report (0001276187-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.