When did Energy Transfer report Q2 2025 earnings?

Energy Transfer (ET) reported Q2 2025 earnings on August 6, 2025 after market close.

What were Energy Transfer's Q2 2025 revenue and EPS?

Energy Transfer reported revenue of $19.2B and diluted EPS of $0.32 for Q2 2025.

Did Energy Transfer beat estimates in Q2 2025?

Revenue missed the consensus estimate of $22.5B by $3.3B. EPS missed the consensus estimate of $0.33 by $0.01.

How did Energy Transfer's Q2 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue declined 7.2% from $20.7B a year earlier and diluted EPS declined 8.6% from $0.35.

Where can I find Energy Transfer's Q2 2025 SEC filings?

You can read the 10-Q periodic report (0001276187-25-000086) directly on SEC EDGAR. The filing index links above go to sec.gov.

Energy Transfer ET Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$19.2BMiss by $3.3B Diluted EPS$0.32Miss by $0.01

Revenue estimate$22.5B

EPS estimate$0.33

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$28.7B

EPS estimate$0.37

Financials

Q2 2025

Income statement

See full

Revenue$19.2B-7.2%

Gross profit$5.3B+3.4%

Operating income$2.3B+0.5%

Net income$1.2B-11.5%

EPS (diluted)$0.32-8.6%

Balance sheet

See full

Cash & equivalents$242.0M-62.8%

Total debt$61.6B+5.4%

Total assets$125.02B+3.0%

Cash flow

See full

Operating cash flow$2.8B+21.7%

CapEx$1.7B+105%

Free cash flow$1.1B-24.4%

Valuation & ratios

Valuation

as of 06/30/25

See full

Market cap$60.71B+11.1%

Enterprise value$122.04B+8.6%

P/E12.8×+0.6×

P/S0.8×+0.1×

Profitability

See full

Gross margin26.4%+3.0pp

Operating margin11.5%+0.6pp

Net margin5.9%+0.6pp

FCF margin7.1%-0.9pp

Returns & leverage

See full

Current ratio1.2×0.0×

Segments

By segment

See full

NGL and refined products transportation and services$5.9B+2.5%

Crude oil transportation and services$5.7B-22.0%

Investment in Sunoco LP$5.4B-12.7%

Midstream$3.1B+25.0%

Intrastate transportation and storage$931.0M+46.2%

By product

See full

NGL sales$4.5B+2.8%

Natural gas sales$1.1B+130%

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 Q2 2025 earnings?: Energy Transfer (ET) reported Q2 2025 earnings on August 6, 2025 after market close.
What were Energy Transfer's Q2 2025 revenue and EPS?: Energy Transfer reported revenue of $19.2B and diluted EPS of $0.32 for Q2 2025.
Did Energy Transfer beat estimates in Q2 2025?: Revenue missed the consensus estimate of $22.5B by $3.3B. EPS missed the consensus estimate of $0.33 by $0.01.
How did Energy Transfer's Q2 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue declined 7.2% from $20.7B a year earlier and diluted EPS declined 8.6% from $0.35.
Where can I find Energy Transfer's Q2 2025 SEC filings?: You can read the 10-Q periodic report (0001276187-25-000086) directly on SEC EDGAR. The filing index links above go to sec.gov.