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Energy Transfer ET Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Total revenues by Business
Crude oil transportation and services$28.03B+5.9%$26.48B+9.3%$24.22B-5.0%$25.49B-6.0%$27.11B-5.0%
Interstate transportation and storage$2.46B+0.5%$2.45B+1.3%$2.41B+1.2%$2.39B+3.1%$2.32B+0.8%
Intrastate transportation and storage$3.86B-3.5%$4B+2.1%$3.91B+5.1%$3.72B+8.6%$3.43B+12.3%
Investment in Sunoco LP$30.71B+21.9%$25.2B+15.2%$21.87B+1.3%$21.59B-3.5%$22.37B-1.4%
Investment In USAC$1.08B+8.6%$998M+0.7%$991M+1.1%$980M+1.4%$966M+1.7%
Midstream$11.89B-4.9%$12.5B-3.4%$12.94B+1.8%$12.71B+5.2%$12.08B+7.9%
NGL and refined products transportation and services$24.62B-0.9%$24.85B-0.8%$25.06B0.0%$25.06B+0.6%$24.91B+1.6%
Total revenues by Product
Natural gas sales$4.55B-2.2%$4.66B+1.8%$4.57B+12.6%$4.06B+17.3%$3.46B+26.5%
NGL sales$18.52B-2.7%$19.04B-0.8%$19.2B-2.2%$19.62B+0.6%$19.5B+2.0%

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Questions, answered.

How does Energy Transfer break its business down?
Energy Transfer (ET) reports total revenues by business across 7 parts — Crude oil transportation and services, Interstate transportation and storage, Intrastate transportation and storage, Investment in Sunoco LP and Investment In USAC. Each is extracted from the segment footnotes and tracked over time.
Where does Energy Transfer's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Energy Transfer's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.