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Energy Transfer ET Midstream — Depreciation, depletion and amortization

Other segment segments

Investment in Sunoco LP
$286M+83.3%
Crude oil transportation and services
$268M+13.1%
NGL and refined products transportation and services
$260M+4.8%
Interstate transportation and storage
$145M+2.1%
Investment In USAC
$87M+24.3%
Intrastate transportation and storage
$52M+2.0%
All other
$16M+6.7%

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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:DepreciationDepletionAndAmortization.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's midstream — depreciation, depletion and amortization?
Energy Transfer (ET) reported midstream — depreciation, depletion and amortization of $469M in Q1 2026.
How has Energy Transfer's midstream — depreciation, depletion and amortization changed year-over-year?
Energy Transfer's midstream — depreciation, depletion and amortization increased by 4.7% year-over-year, from $448M to $469M.
What is the long-term trend for Energy Transfer's midstream — depreciation, depletion and amortization?
Over 4 years (2021 to 2025), Energy Transfer's midstream — depreciation, depletion and amortization has grown at a 11.3% compound annual growth rate (CAGR), from $1.19B to $1.83B.
What does midstream — depreciation, depletion and amortization mean?
This represents the non-cash allocation of the cost of tangible and intangible midstream assets over their estimated useful lives. It reflects the ongoing capital consumption of the infrastructure platform.