Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Energy Transfer logo

Energy Transfer Income Statement

Revenue, expenses, and profitability over time

Energy Transfer generated $92.3B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $4.4B with a 4.73% net margin. Gross margin stands at 25.15% and operating margin at 10.31%. Based on the Q1 2026 filing.

Total Revenue (TTM)$92.3BGross Profit (TTM)$23.2BOperating Income (TTM)$9.5BNet Income (TTM)$4.4B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$64.6B
P/E Ratio14.79

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shipping and Handling Costs$1.4B$1.3B$1.3B$1.5B$1.7B$1.7B
Depreciation and amortization$1.4B$1.4B$1.4B$1.4B$1.5B$1.6B
Impairment charges$2M$4M$3M$1M$277M$0
Impairment of Goodwill and Purchased Intangible Assets$2M$4M$3M$1M$277M$0
Goodwill and indefinite-lived intangible asset impairment$2M$4M$3M$1M$277M$0
Selling, general and administrative$288M$288M$257M$268M$367M$361M
Total operating expenses$17.3B$18.5B$16.9B$17.8B$23.2B$24.8B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$94M$92M$105M$116M$106M$110M
Gain (loss) on extinguishment of debt-$1M-$2M-$17M-$12M-$3M-$7M
Other Charges$36M-$11M$5M$14M$112M-$28M
Interest expense$807M$809M$865M$890M$910M$947M
Other income (expense), net$36M-$11M$5M$14M$112M-$28M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$5.4B$5.4B$5.3B$5.4B$5.9B$6.6B
Operating income$2.3B$2.5B$2.3B$2.2B$2.1B$3B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$136M$41M$79M$87M$143M$135M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.3B$1.2B$1B$928M$1.3B
Preferred stock dividends$68M$67M$63M$59M$59M$59M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Income (Loss) Allocated to General Partners-$1M-$1M-$1M-$1M-$1M-$1M
Common Unitholders’ interest in net income$1B$1.3B$1.1B$959M$868M$1.2B
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted$0.29$0.36$0.32$0.28$0.25$0.35
Other income, net (Note 6)$36M-$11M$5M$14M$112M-$28M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$14.2B$15.6B$13.9B$14.6B$19.4B$21.1B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$19.5B$21B$19.2B$20B$25.3B$27.8B