Midstream — Cost of products sold
Energy Transfer Midstream — Cost of products sold increased by 13.6% 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. Over 4 years (FY 2021 to FY 2025), Midstream — Cost of products sold shows a downward trend with a -3.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase often correlates with higher commodity prices or increased volume throughput, whereas a decrease may signal lower commodity costs or reduced activity levels.
Detailed definition
This represents the direct costs associated with the purchase of commodities, such as natural gas and natural gas liquid...
Peer comparison
Commonly reported as cost of sales or cost of products sold in midstream segments, comparable to similar line items in peer financial disclosures.
et_segment_midstream_cost_of_products_soldHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.14B | $2.14B | $2.14B | $3.17B | $3.17B | $3.17B | $3.17B | $1.63B | $1.63B | $1.63B | $1.63B | $1.72B | $1.46B | $1.55B | $1.91B | $2.26B | $1.91B | $1.75B | $1.47B | $1.67B |
| QoQ Change | — | +0.0% | +0.0% | +48.0% | +0.0% | +0.0% | +0.0% | -48.7% | +0.0% | +0.0% | +0.0% | +5.7% | -15.2% | +6.5% | +23.1% | +18.3% | -15.4% | -8.6% | -15.6% | +13.6% |
| YoY Change | — | — | — | — | +48.0% | +48.0% | +48.0% | -48.7% | -48.7% | -48.7% | -48.7% | +5.7% | -10.4% | -4.6% | +17.5% | +31.5% | +31.2% | +12.6% | -22.8% | -25.9% |
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Frequently Asked Questions
- What is Energy Transfer's midstream — cost of products sold?
- Energy Transfer (ET) reported midstream — cost of products sold of $1.67B in Q1 2026.
- How has Energy Transfer's midstream — cost of products sold changed year-over-year?
- Energy Transfer's midstream — cost of products sold decreased by 25.9% year-over-year, from $2.26B to $1.67B.
- What is the long-term trend for Energy Transfer's midstream — cost of products sold?
- Over 4 years (2021 to 2025), Energy Transfer's midstream — cost of products sold has grown at a -3.6% compound annual growth rate (CAGR), from $8.57B to $7.39B.
- What does midstream — cost of products sold mean?
- The direct cost of purchasing the energy products that the company processes or sells.