What is Energy Transfer's midstream — cost of goods sold?

Energy Transfer (ET) reported midstream — cost of goods sold of $1.67B in Q1 2026.

How has Energy Transfer's midstream — cost of goods sold changed year-over-year?

Energy Transfer's midstream — cost of goods sold decreased by 25.9% year-over-year, from $2.26B to $1.67B.

What does midstream — cost of goods sold mean?

The direct costs associated with producing or purchasing the energy products sold or transported by the midstream segment.

Discontinued — last reported Q1 '26

Business Segments · Cost of Goods Sold

Midstream — Cost of Goods Sold

Energy Transfer Midstream — Cost of Goods Sold decreased by 4.1% to $1.67B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 25.9%, from $2.26B to $1.67B. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2016

Last reportedQ1 2026

Rolls up toTotal Cost of Revenue

How to read this metric

A decrease relative to revenue indicates improved operational efficiency or favorable commodity price spreads, while an increase may signal rising input costs or operational inefficiencies.

Detailed definition

Captures the direct costs incurred to generate revenue within the midstream segment, including the purchase price of com...

Peer comparison

Midstream peers report this as a primary cost driver, often influenced by commodity price volatility and throughput volumes.

Metric ID: et_segment_midstream_cost_of_goods_and_services_sold

Historical Data

7 periods

	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	$1.72B	$1.46B	$1.55B	$2.26B	$1.91B	$1.75B	$1.67B
QoQ Change	—	-15.2%	+6.5%	+45.7%	-15.4%	-8.6%	-4.1%
YoY Change	—	—	—	+31.5%	+31.2%	+12.6%	-25.9%

Range$1.46B – $2.26B

CAGR-1.8%

Avg YoY Growth+12.3%

Median YoY Growth+21.9%

Current Streak3 quarters decline

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Frequently Asked Questions

What is Energy Transfer's midstream — cost of goods sold?: Energy Transfer (ET) reported midstream — cost of goods sold of $1.67B in Q1 2026.
How has Energy Transfer's midstream — cost of goods sold changed year-over-year?: Energy Transfer's midstream — cost of goods sold decreased by 25.9% year-over-year, from $2.26B to $1.67B.
What does midstream — cost of goods sold mean?: The direct costs associated with producing or purchasing the energy products sold or transported by the midstream segment.