NYSE · NATURAL GAS TRANSMISSION · LARGE CAP
Energy Transfer LP ET
18 fiscal years on record · USD · FY2025 reported · SEC filings only
In brief
What this company does
Written from the business description in Energy Transfer LP's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.
Growth
USD 85.5B
Revenue, FY2025 · full 18-year series below
Revenue $B
Net income $B
FY2025 · Revenue 85.5 · Net income 4.4
Compound annual growth
Revenue compounded at +17.0% a year over five years.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Profitability
7 cents
of every revenue dollar became profit
Operating margin
Net margin
FY2025 · Operating 10.6% · Net 6.7%
ROE
Not available in our data for this period.
The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 85.5 | 82.7 | 78.6 | 89.9 | 67.4 | 39.0 | 54.2 | 54.1 | 40.5 | 31.8 | 36.1 | 55.7 | 48.3 | 17.0 | 8.2 | 6.6 | 5.4 | 9.3 |
| Operating income $B | 9.0 | 9.1 | 8.3 | 7.7 | 8.8 | 3.0 | 7.2 | 5.4 | 2.7 | 1.9 | 2.3 | 2.5 | 1.6 | 1.4 | 1.2 | 1.0 | 1.1 | 1.1 |
| EBITDA $B | 14.2 | 13.8 | 12.3 | 11.5 | 12.3 | 6.3 | 10.0 | 7.9 | 4.9 | 3.8 | 3.9 | 3.9 | 2.7 | 2.2 | 1.8 | 1.4 | 1.4 | · |
| Income tax $B | 0.3 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | −1.8 | −0.3 | −0.1 | 0.4 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income $B | 4.4 | 4.8 | 3.9 | 4.8 | 5.5 | −0.6 | 3.5 | 1.7 | 1.0 | 1.0 | 1.2 | 0.6 | 0.2 | 0.3 | 0.3 | 0.2 | 0.4 | 0.4 |
| Free cash flow $B | 3.8 | 7.3 | 6.4 | 5.7 | 8.3 | 2.2 | 2.1 | 0.1 | −4.0 | −4.4 | −6.1 | −2.2 | −1.1 | −2.2 | −0.4 | −0.4 | −0.0 | −0.9 |
| EPS, diluted $ | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Dividend / sh $ | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| Payout % | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
| ROE % | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Compare
This company against its peers
Energy Transfer LPvsEnterprise Products Partners L.p.Same industry: Natural Gas TransmissionEnergy Transfer LPvsTarga Resources Corp.Same industry: Natural Gas TransmissionEnergy Transfer LPvsKinder Morgan, Inc.Same industry: Natural Gas TransmissionEnergy Transfer LPvsWilliams Companies, Inc.Same industry: Natural Gas TransmissionEnergy Transfer LPvsWestern Midstream Partners, LPSame industry: Natural Gas TransmissionEnergy Transfer LPvsKinetik Holdings Inc.Same industry: Natural Gas TransmissionEnergy Transfer LPvsArchrock, Inc.Same industry: Natural Gas Transmission
Provenance
Company facts, as filed
How we verify · 0 failures in 57 reconciliationsAUDITED
Reconciled in 18 of 19 fiscal years. 26 checks could not be computed.
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityNatural Gas Transmission
Listed onNYSE
Incorporated inOklahoma
Fiscal year endsDecember 31
Data on record since2008