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Energy Transfer ET Q4 2024 Annual earnings

Reported February 11, 2025 · After market close

Revenue estimate$21.4B
EPS estimate$0.35

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$28.7B
EPS estimate$0.37

Financials

Q4 2024

Income statement

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Revenue$19.5B-4.8%
Gross profit$5.4B+13.3%
Operating income$2.3B+5.3%
Net income$1.1B-18.8%
EPS (diluted)$0.29-21.6%

Balance sheet

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Cash & equivalents$312.0M+93.8%
Total debt$60.6B+13.8%
Total assets$125.38B+10.3%

Cash flow

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Operating cash flow$2.6B+99.8%
CapEx$1.5B+109%
Free cash flow$1.1B+88.9%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$67.07B+48.2%
Enterprise value$127.38B+29.5%
P/E13.9×+2.4×
P/S0.8×+0.2×

Profitability

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Gross margin25%+2.1pp
Operating margin11.1%+0.5pp
Net margin5.8%+0.8pp
FCF margin8.9%+0.7pp

Returns & leverage

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Current ratio1.1×0.0×

Segments

By segment

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NGL and refined products transportation and services$6.4B+5.2%
Crude oil transportation and services$6.2B-13.8%
Investment in Sunoco LP$5.3B-6.6%
Midstream$3.2B+31.3%
Intrastate transportation and storage$820.0M-8.1%

By product

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Crude sales$5.5B-11.3%
Refined product sales$5.0B-12.5%
NGL sales$4.8B+4.9%
Gathering, transportation and other fees$3.0B-0.7%
Natural gas sales$917.0M+15.1%

Versus estimates

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Questions, answered.

When did Energy Transfer report Q4 2024 earnings?
Energy Transfer (ET) reported Q4 2024 earnings on February 11, 2025 after market close.
What were Energy Transfer's Q4 2024 revenue and EPS?
Energy Transfer reported revenue of $19.5B and diluted EPS of $0.29 for Q4 2024.
Did Energy Transfer beat estimates in Q4 2024?
Revenue missed the consensus estimate of $21.4B by $1.9B. EPS missed the consensus estimate of $0.35 by $0.06.
Where can I find Energy Transfer's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001276187-25-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.