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Energy Transfer ET Midstream — Total additions to property, plant and equipment

Other segment segments

Intrastate transportation and storage
$326M+19.4%
NGL and refined products transportation and services
$292M-24.2%
Investment in Sunoco LP
$202M+26.3%
Interstate transportation and storage
$200M+153%
Crude oil transportation and services
$129M+158%
All other
$66M-47.2%
Investment In USAC
$64M+113%

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$128.8M+519%

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$70.9B+20.4%
Enterprise value$140.12B+16.5%
P/E13.4×+1.0×
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:SegmentExpenditureAdditionToLongLivedAssets.

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
Additions to property, plant and equipment (1):
Intrastate transportation and storage$326$273$912$499
Interstate transportation and storage20079453125
Midstream391384785733
NGL and refined products transportation and services292385609748
Crude oil transportation and services12950214157
Investment in Sunoco LP202160401261
Investment in USAC64309963

Item 1. FINANCIAL STATEMENTS (unaudited)

FAQ

What is Energy Transfer's midstream — total additions to property, plant and equipment?
Energy Transfer (ET) reported midstream — total additions to property, plant and equipment of $391M in Q2 2026.
How has Energy Transfer's midstream — total additions to property, plant and equipment changed year-over-year?
Energy Transfer's midstream — total additions to property, plant and equipment increased by 1.8% year-over-year, from $384M to $391M.
What is the long-term trend for Energy Transfer's midstream — total additions to property, plant and equipment?
Over 4 years (2021 to 2025), Energy Transfer's midstream — total additions to property, plant and equipment has grown at a 35.2% compound annual growth rate (CAGR), from $484M to $1.62B.
What does midstream — total additions to property, plant and equipment mean?
This represents the total capital expenditure invested in the midstream segment to build, expand, or upgrade infrastructure assets. It is a key indicator of the company's growth strategy and commitment to maintaining its asset base.

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