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Energy Transfer ET NGL sales — Total revenues

Other product segments

Refined product sales
$8.22B+65.0%
Crude sales
$7.72B+40.4%
Gathering, transportation and other fees
$3.21B+7.2%
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
REVENUES:
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

Item 1. FINANCIAL STATEMENTS (unaudited)

FAQ

What is Energy Transfer's NGL sales — total revenues?
Energy Transfer (ET) reported NGL sales — total revenues of $5.74B in Q2 2026.
How has Energy Transfer's NGL sales — total revenues changed year-over-year?
Energy Transfer's NGL sales — total revenues increased by 27.5% year-over-year, from $4.5B to $5.74B.
What is the long-term trend for Energy Transfer's NGL sales — total revenues?
Over 2 years (2023 to 2025), Energy Transfer's NGL sales — total revenues has grown at a 9.2% compound annual growth rate (CAGR), from $15.96B to $19.04B.
What does NGL sales — total revenues mean?
This metric represents the total gross revenue generated from the sale of natural gas liquids (NGLs) produced or marketed by the company. It reflects the financial performance of the midstream and downstream NGL business segment, capturing market demand and pricing fluctuations for products like ethane, propane, butane, and natural gasoline. This revenue stream is a critical indicator of the company's ability to monetize its fractionation and processing infrastructure.

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