What is Energy Transfer's total cost of revenue?

Energy Transfer (ET) reported total cost of revenue of $21.15B in Q1 2026.

How has Energy Transfer's total cost of revenue changed year-over-year?

Energy Transfer's total cost of revenue increased by 35.8% year-over-year, from $15.57B to $21.15B.

What is the long-term trend for Energy Transfer's total cost of revenue?

Over 4 years (2021 to 2025), Energy Transfer's total cost of revenue has grown at a 5.9% compound annual growth rate (CAGR), from $50.4B to $63.5B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Energy Transfer ET Total Cost of Revenue

Total Cost of Revenue at other companies

OGE EnergyOGE

$336.7M+3.9%

OneokOKE

$7.05B+24.7%

TRG

Targa ResourcesTRGP

$2.39B-26.5%

NGL Energy PartnersNGL

$732.26M+3.2%

Kinetik HoldingsKNTK

$188.72M-15.5%

Kinder MorganKMI

——

Segments

By segment

See full

Investment in Sunoco LP$9B+98.9%

Crude oil transportation and services$6.79B+30.3%

NGL and refined products transportation and services$5.48B-2.8%

Corporate Segment and Other Operating Segment$3.82B+124%

Midstream$1.67B-25.9%

All other$994M-0.1%

Other financials

Income statement

See full

Revenue$27.8B+32.1%

Gross profit$6.6B+21.5%

Operating income$3.0B+19.8%

Net income$1.3B-5.2%

EPS (diluted)$0.35-2.8%

Balance sheet

See full

Cash & equivalents$951.0M+110%

Total debt$71.1B+17.3%

Total assets$147.48B+16.7%

Cash flow

See full

Operating cash flow$3.4B+15.8%

CapEx$1.9B+56.5%

Free cash flow$1.5B-13.6%

Valuation

See full

Market cap$66B+7.7%

Enterprise value$136.16B+12.1%

P/E15.1×+2.6×

P/S0.7×0.0×

Profitability

See full

Gross margin25.2%-0.6pp

Operating margin10.3%-1.0pp

Net margin4.7%-1.2pp

FCF margin4.2%-3.2pp

Returns & leverage

See full

Current ratio1.2×0.0×

Where this comes from

Reported directly by Energy Transfer in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Energy Transfer (ET) reported total cost of revenue of $21.15B in Q1 2026.
How has Energy Transfer's total cost of revenue changed year-over-year?: Energy Transfer's total cost of revenue increased by 35.8% year-over-year, from $15.57B to $21.15B.
What is the long-term trend for Energy Transfer's total cost of revenue?: Over 4 years (2021 to 2025), Energy Transfer's total cost of revenue has grown at a 5.9% compound annual growth rate (CAGR), from $50.4B to $63.5B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.