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Energy Transfer ET Operating Income

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Other financials

Income statement

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Revenue$27.8B+32.1%
Gross profit$6.6B+21.5%
Net income$1.3B-5.2%
EPS (diluted)$0.35-2.8%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$71.1B+17.3%
Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$66B+7.7%
Enterprise value$136.16B+12.1%
P/E15.1×+2.6×
P/S0.7×0.0×

Profitability

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Gross margin25.2%-0.6pp
Operating margin10.3%-1.0pp
Net margin4.7%-1.2pp
FCF margin4.2%-3.2pp

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:OperatingIncomeLoss.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's operating income?
Energy Transfer (ET) reported operating income of $2.98B in Q1 2026.
How has Energy Transfer's operating income changed year-over-year?
Energy Transfer's operating income increased by 19.8% year-over-year, from $2.49B to $2.98B.
What is the long-term trend for Energy Transfer's operating income?
Over 4 years (2021 to 2025), Energy Transfer's operating income has grown at a 0.7% compound annual growth rate (CAGR), from $8.79B to $9.03B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.