Income StatementBalance SheetCash FlowSegments
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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$69.1B
P/E Ratio15.83

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$2.0M$4.0M$3.0M$1.0M$277.0M$0.0
Impairment of Goodwill and Purchased Intangible Assets$2.0M$4.0M$3.0M$1.0M$277.0M$0.0
Goodwill and indefinite-lived intangible asset impairment$2.0M$4.0M$3.0M$1.0M$277.0M$0.0
Selling, general and administrative$288.0M$288.0M$257.0M$268.0M$367.0M$361.0M
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$94.0M$92.0M$105.0M$116.0M$106.0M$110.0M
Gain (loss) on extinguishment of debt-$1.0M-$2.0M-$17.0M-$12.0M-$3.0M-$7.0M
Other Charges$36.0M-$11.0M$5.0M$14.0M$112.0M-$28.0M
Interest expense$807.0M$809.0M$865.0M$890.0M$910.0M$947.0M
Other income (expense), net$36.0M-$11.0M$5.0M$14.0M$112.0M-$28.0M

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$3.0B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$136.0M$41.0M$79.0M$87.0M$143.0M$135.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.1B$1.3B$1.2B$1.0B$928.0M$1.3B
Preferred stock dividends$68.0M$67.0M$63.0M$59.0M$59.0M$59.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Income (Loss) Allocated to General Partners-$1.0M-$1.0M-$1.0M-$1.0M-$1.0M-$1.0M
Common Unitholders’ interest in net income$1.0B$1.3B$1.1B$959.0M$868.0M$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)$36.0M-$11.0M$5.0M$14.0M$112.0M-$28.0M

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$21.0B$19.2B$20.0B$25.3B$27.8B