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Energy Transfer ET Investment in USAC — Revenue

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Other financials

Income statement

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Revenue$34.3B+78.4%
Gross profit$7.4B+39.7%
Operating income$3.6B+54.8%
Net income$2.1B+79.5%
EPS (diluted)$0.59+84.4%

Balance sheet

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Cash & equivalents$1.0B+321%
Total debt$70.2B+14.1%
Total assets$148.17B+18.5%

Cash flow

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Operating cash flow$4.3B+54.6%
CapEx$1.6B-5.7%
Free cash flow$2.7B+145%

Valuation

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Market cap$70.04B+14.3%
Enterprise value$139.26B+13.6%
P/E13.2×+0.3×
P/S0.7×-0.1×

Profitability

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Gross margin23.6%-2.8pp
Operating margin10%-1.4pp
Net margin4.9%-1.0pp
FCF margin5.1%-2.0pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Energy Transfer’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:46 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001276187-26-000038
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Intersegment revenues32164731
342250673495
All other:
Revenues from external customers3615851,1441,315
Intersegment revenues204351475616
5659361,6191,931
Eliminations(3,628)(3,679)(7,197)(7,766)
Total$34,334$19,242$62,105$40,262

Item 1. FINANCIAL STATEMENTS (unaudited)

FAQ

What is Energy Transfer's investment in USAC — revenue?
Energy Transfer (ET) reported investment in USAC — revenue of $565M in Q2 2026.
How has Energy Transfer's investment in USAC — revenue changed year-over-year?
Energy Transfer's investment in USAC — revenue decreased by 39.6% year-over-year, from $936M to $565M.
What is the long-term trend for Energy Transfer's investment in USAC — revenue?
Over 4 years (2021 to 2025), Energy Transfer's investment in USAC — revenue has grown at a 3.0% compound annual growth rate (CAGR), from $3.48B to $3.91B.
What does investment in USAC — revenue mean?
This represents the total revenue generated by the 'All Other' segment, which includes miscellaneous activities, ancillary services, or non-core business operations not assigned to primary segments. It reflects the top-line contribution of these secondary business lines to the overall corporate revenue. Tracking this helps investors understand the scale and performance of the company's diversified or non-core revenue streams.

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