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Energy Transfer ET Refined product sales — Total revenues

Other product segments

Crude sales
$7.72B+40.4%
NGL sales
$5.74B+27.5%
Gathering, transportation and other fees
$3.21B+7.2%
Natural gas sales
$400M-62.2%

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$788M+7.7%

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 refined product sales — total revenues?
Energy Transfer (ET) reported refined product sales — total revenues of $13.84B in Q2 2026.
How has Energy Transfer's refined product sales — total revenues changed year-over-year?
Energy Transfer's refined product sales — total revenues increased by 167.5% year-over-year, from $5.18B to $13.84B.
What does refined product sales — total revenues mean?
This metric represents the total gross revenue generated from the sale of refined petroleum products, such as gasoline, diesel, and jet fuel. It reflects the company's ability to monetize its midstream and downstream distribution infrastructure by moving processed energy products to end-market consumers or industrial buyers. This revenue stream is a key indicator of demand for refined fuels and the operational throughput of the company's distribution network.

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