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Energy Transfer ET Caribbean — Inventory, LIFO Reserve

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Other financials

Income statement

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Revenue$27.8B+32.1%
Gross profit$6.6B+21.5%
Operating income$3.0B+19.8%
Net income$1.3B-5.2%
EPS (diluted)$0.35-2.8%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$71.1B+17.3%
Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$66B+7.7%
Enterprise value$136.16B+12.1%
P/E15.1×+2.6×
P/S0.7×0.0×

Profitability

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Gross margin25.2%-0.6pp
Operating margin10.3%-1.0pp
Net margin4.7%-1.2pp
FCF margin4.2%-3.2pp

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:InventoryLIFOReserve.

The official record: Energy Transfer’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's caribbean — inventory, LIFO reserve?
Energy Transfer (ET) reported caribbean — inventory, LIFO reserve of $88M in Q4 2025.
What does caribbean — inventory, LIFO reserve mean?
This metric represents the difference between the cost of inventory calculated under the last-in, first-out (LIFO) method and the cost calculated under the first-in, first-out (FIFO) or current cost method for the Caribbean segment. It serves as a valuation adjustment that reflects the impact of inflationary price changes on inventory costs within this specific geographic operating segment. Monitoring this reserve is essential for understanding the tax and earnings implications of inventory accounting policies in the context of regional energy distribution.