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Energy Transfer ET Gathering, transportation and other fees — Total revenues

Other product segments

Refined product sales
$8.22B+65.0%
Crude sales
$7.72B+40.4%
NGL sales
$5.74B+27.5%
Natural gas sales
$400M-62.2%

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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$71.17B+16.1%
Enterprise value$140.39B+14.5%
P/E13.5×+0.5×
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
Refined product sales$13,842$5,175$24,114$10,138
Crude sales10,3035,02417,29710,473
NGL sales5,7394,50010,86710,142
Gathering, transportation and other fees3,2913,0806,5526,085
Natural gas sales4001,0581,8782,639
Other7594051,397785
Total revenues34,33419,24262,10540,262
COSTS AND EXPENSES:

Item 1. FINANCIAL STATEMENTS (unaudited)

FAQ

What is Energy Transfer's gathering, transportation and other fees — total revenues?
Energy Transfer (ET) reported gathering, transportation and other fees — total revenues of $3.29B in Q2 2026.
How has Energy Transfer's gathering, transportation and other fees — total revenues changed year-over-year?
Energy Transfer's gathering, transportation and other fees — total revenues increased by 6.9% year-over-year, from $3.08B to $3.29B.
What does gathering, transportation and other fees — total revenues mean?
This metric represents the total revenue generated from midstream energy services, specifically the gathering of raw natural gas and crude oil from production sites and their subsequent transportation through pipeline networks. It also encompasses ancillary fees related to processing, compression, and other logistical support services provided to upstream producers. As a core component of the midstream business model, these revenues are typically driven by long-term, fee-based contracts that provide stable cash flows regardless of commodity price volatility.

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