Energy Transfer LP

ET 10-K · FY 2025
API behind this page

ET FY 2025 request

Playground key active
Request URL /api/financials?ticker=ET&year=2025&quarter=4&full_year_mode=true
waiting 0 ms 
Pick an endpoint and run the request.
curl

Income Statement

JSON CSV Excel
Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 85,536 82,671 +3.5%
Show Product Lines breakouts
Natural Gas Midstream 12,423 12,027 +3.3%
Natural gas sales 4,655 2,737 +70.1%
NGL sales 19,038 19,105 -0.4%
Oil And Gas 23,487 25,368 -7.4%
Oil And Gas Refining And Marketing 24,211 22,051 +9.8%
Product And Service Other 1,722 1,383 +24.5%
Show Business Segments breakouts
All Other Segments · Operating Segments 2,447 1,284 +90.6%
All Other Segments · Operating Segments 1,462 463 +215.8%
All Other Segments · Operating Segments 3,909 1,747 +123.8%
Crude Oil Transportation and Services · Operating Segments 26,479 28,528 -7.2%
Crude Oil Transportation and Services · Operating Segments -1 11 -109.1%
Crude Oil Transportation and Services · Operating Segments 26,478 28,539 -7.2%
Interstate Transportation and Storage · Operating Segments 2,416 2,270 +6.4%
Interstate Transportation and Storage · Operating Segments 29 26 +11.5%
Interstate Transportation and Storage · Operating Segments 2,445 2,296 +6.5%
Intrastate Transportation and Storage · Operating Segments 3,544 2,750 +28.9%
Intrastate Transportation and Storage · Operating Segments 452 303 +49.2%
Intrastate Transportation and Storage · Operating Segments 3,996 3,053 +30.9%
Investment in Sunoco LP · Operating Segments 25,178 22,666 +11.1%
Investment in Sunoco LP · Operating Segments 23 27 -14.8%
Investment in Sunoco LP · Operating Segments 25,201 22,693 +11.1%
Investment in USAC · Operating Segments 933 909 +2.6%
Investment in USAC · Operating Segments 65 41 +58.5%
Investment in USAC · Operating Segments 998 950 +5.1%
Midstream · Operating Segments 3,356 3,283 +2.2%
Midstream · Operating Segments 9,147 7,916 +15.6%
Midstream · Operating Segments 12,503 11,199 +11.6%
NGL and Refined Products Transportation and Services · Operating Segments 21,183 20,981 +1.0%
NGL and Refined Products Transportation and Services · Operating Segments 3,670 3,549 +3.4%
NGL and Refined Products Transportation and Services · Operating Segments 24,853 24,530 +1.3%
Show Consolidation Items breakouts
Intersegment Elimination 14,847 12,336 +20.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 1,862 1,898 -1.9%
Show Related Party Transaction breakouts
Related Party 568 603 -5.8%
Cost of Revenue 63,495 61,975 +2.5%
Show Business Segments breakouts
Corporate And Other · Operating Segments 3,821 1,709 +123.6%
Crude Oil Transportation and Services · Operating Segments 22,465 24,407 -8.0%
Interstate Transportation and Storage · Operating Segments 9 9 0.0%
Intrastate Transportation and Storage · Operating Segments 2,525 1,390 +81.7%
Investment in Sunoco LP · Operating Segments 22,409 20,595 +8.8%
Investment in USAC · Operating Segments 148 146 +1.4%
Midstream · Operating Segments 7,391 6,637 +11.4%
NGL and Refined Products Transportation and Services · Operating Segments 19,505 19,406 +0.5%
Show Consolidation Items breakouts
Intersegment Elimination -14,778 -12,324 -19.9%
Operating Costs And Expenses 5,867 5,164 +13.6%
Depreciation And Amortization 5,682 5,165 +10.0%
Show Business Segments breakouts
All Other Segments 63 31 +103.2%
Crude Oil Transportation and Services 1,014 965 +5.1%
Interstate Transportation and Storage 572 575 -0.5%
Intrastate Transportation and Storage 205 216 -5.1%
Investment in Sunoco LP 688 368 +87.0%
Investment in USAC 285 265 +7.5%
Midstream 1,826 1,719 +6.2%
NGL and Refined Products Transportation and Services 1,029 1,026 +0.3%
Selling, General & Administrative 1,180 1,177 +0.3%
Asset Impairment Charges 285 52 +448.1%
Show Legal Entity breakouts
Lake Charles LNG 256 — —
USAC [Member] 8 1 +700.0%
Total Costs & Expenses 76,509 73,533 +4.0%
Operating Income 9,027 9,138 -1.2%
Interest Expense -3,474 -3,125 -11.2%
Income Loss From Equity Method Investments 419 379 +10.6%
Show Business Segments breakouts
All Other Segments 4 5 -20.0%
Crude Oil Transportation and Services 23 21 +9.5%
Interstate Transportation and Storage 280 241 +16.2%
Intrastate Transportation and Storage 18 16 +12.5%
Investment in Sunoco LP 2 — —
Midstream 15 13 +15.4%
NGL and Refined Products Transportation and Services 77 83 -7.2%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Citrus [Member] 153 136 +12.5%
Explorer 26 34 -23.5%
MEP [Member] 74 63 +17.5%
SESH 57 45 +26.7%
White Cliffs 17 19 -10.5%
Show Investment Issuer Affiliation breakouts
Other Affiliates 92 82 +12.2%
Gains Losses On Extinguishment Of Debt -34 -12 -183.3%
Other Non-Operating Income (Expense) 120 140 -14.3%
Income Loss Including Portion Attributable To Noncontrolling Interest 6,058 7,106 -14.7%
Show Geography breakouts
Non Us 189 5 +3680.0%
US 5,869 7,101 -17.3%
Income Tax Expense (Benefit) 350 541 -35.3%
Net Income 5,708 6,565 -13.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 759 750 +1.2%
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest 1,208 1,692 -28.6%
Net Income Loss Attributable To Redeemable Noncontrolling Interest 67 59 +13.6%
Net Income 4,433 4,814 -7.9%
Net Income Loss Allocated To General Partners 4 4 0.0%
Preferred Stock Dividends Income Statement Impact 248 362 -31.5%
Preferred Stock Redemption Premium 8 54 -85.2%
Net Income Loss Allocated To Limited Partners 4,173 4,394 -5.0%
Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax 1.22 1.29 -5.4%
Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted 1.21 1.28 -5.5%
Comprehensive Income 4,448 4,859 -8.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 1,272 312 +307.7%
Accounts Receivable (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 11,275 10,191 +10.6%
Other Receivables Net Current (Q) — — —
Show Related Party Transactions By Related Party breakouts
Related Party 119 87 +36.8%
Inventory 4,770 3,070 +55.4%
Other Assets Current 688 477 +44.2%
Total Current Assets 18,233 14,202 +28.4%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 462 446 +3.6%
Non-Current Assets
Property, Plant & Equipment 102,142 95,212 +7.3%
Show Lease Contractual Term breakouts
Finance Leases [Member] 1 1 0.0%
Other Non-Current Assets 2,591 2,017 +28.5%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 109 105 +3.8%
Goodwill 5,452 3,903 +39.7%
Show Business Segments breakouts
All Other Segments 82 82 0.0%
Crude Oil Transportation and Services 841 841 0.0%
Investment in Sunoco LP 3,026 1,477 +104.9%
Midstream 617 617 0.0%
NGL and Refined Products Transportation and Services 886 886 0.0%
Total Assets 141,286 125,380 +12.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 8,968 9,029 -0.7%
Operating Lease Right-of-Use Assets (Q) — — —
Show Lease Contractual Term breakouts
Operating Leases [Member] 1,736 753 +130.5%
Other Assets
Income Taxes Receivable 57 56 +1.8%
Derivative Instruments And Hedges 52 9 +477.8%
Property Plant And Equipment Gross 141,283 129,242 +9.3%
Show Property Plant And Equipment By Type breakouts
Building And Building Improvements 8,448 4,688 +80.2%
Construction work-in-process 5,841 4,633 +26.1%
Land And Land Improvements 3,051 1,675 +82.1%
Other 4,694 4,060 +15.6%
Pipelines 101,506 97,078 +4.6%
Product storage and related facilities 8,399 7,869 +6.7%
Right of way (20 to 65 years) 9,344 9,239 +1.1%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -39,141 -34,030 -15.0%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 3,589 3,266 +9.9%
Show Business Segments breakouts
All Other Segments 61 58 +5.2%
Crude Oil Transportation and Services 190 193 -1.6%
Interstate Transportation and Storage 2,353 2,350 +0.1%
Intrastate Transportation and Storage 151 150 +0.7%
Investment in Sunoco LP 342 — —
Midstream 130 132 -1.5%
NGL and Refined Products Transportation and Services 362 383 -5.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Citrus [Member] 1,843 1,818 +1.4%
Explorer 65 66 -1.5%
MEP [Member] 279 309 -9.7%
Other 994 654 +52.0%
SESH 231 223 +3.6%
White Cliffs 177 196 -9.7%
Lease Rightof Use Asset Net 1,841 809 +127.6%
Intangible Assets Net Excluding Goodwill 7,438 5,971 +24.6%
Current Liabilities
Accounts Payable (Q) — — —
Show Related Party Transactions By Related Party breakouts
Nonrelated Party 9,469 8,306 +14.0%
Related Party 41 19 +115.8%
Operating Lease Liability Current 245 67 +265.7%
Show Lease Contractual Term breakouts
Operating Leases [Member] 245 67 +265.7%
Other Liabilities Current 5,165 4,241 +21.8%
Current Portion of Long-Term Debt 25 8 +212.5%
Show Lease Contractual Term breakouts
Finance Leases [Member] 25 8 +212.5%
Total Current Liabilities 14,955 12,656 +18.2%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 365 1,160 -68.5%
Deferred Revenue (Current) 343 360 -4.7%
Commercial Paper (Q) — — —
Show Debt Instrument breakouts
Five Year Credit Facility 2.57 — —
Non-Current Liabilities
Long-Term Debt 68,308 59,752 +14.3%
Show Lease Contractual Term breakouts
Finance Leases [Member] 82 50 +64.0%
Operating Lease Liabilities 1,515 730 +107.5%
Show Lease Contractual Term breakouts
Operating Leases [Member] 1,515 730 +107.5%
Deferred Tax Liabilities 5,307 4,190 +26.7%
Show Valuation Allowance By Deferred Tax Asset breakouts
Net of deferred income tax receivable 5,130 4,183 +22.6%
Other Non-Current Liabilities 1,941 1,618 +20.0%
Show Lease Contractual Term breakouts
Finance Leases [Member] 1 1 0.0%
Long-Term Debt 68.33 59.76 +14.3%
Show Legal Entity breakouts
Bakken Project [Member] 848 847 +0.1%
ET [Member] 51,478 48,840 +5.4%
Sunoco LP [Member] 13,389 7,485 +78.9%
Transwestern [Member] 75 75 0.0%
USA Compression Partners, LP [Member] 2,524 2,502 +0.9%
Other Liabilities
Derivative Instruments And Hedges Liabilities 10 15 -33.3%
Redeemable Noncontrolling Interest Equity Other Carrying Amount 250 417 -40.0%
Stockholders' Equity
Preferred Units Preferred Partners Capital Accounts 3,356 3,852 -12.9%
Limited Partners Capital Account 30,930 31,195 -0.8%
General Partners Capital Account -2 -2 0.0%
Accumulated Other Comprehensive Income 82 73 +12.3%
Partners Capital 34,366 35,118 -2.1%
Minority Interest 14,644 10,899 +34.4%
Partners Capital Including Portion Attributable To Noncontrolling Interest 49,010 46,017 +6.5%
Total Liabilities & Equity 141,286 125,380 +12.7%
Show Equity Method Investment Nonconsolidated Investee breakouts
Equity Method Investments 8,968 9,029 -0.7%
Limited Partners Capital Account Units Authorized 3,439,986,779 3,431,088,022 +0.3%
Limited Partners Capital Account Units Issued 3,439,986,779 3,431,088,022 +0.3%
Limited Partners Capital Account Units Outstanding 3,439,986,779 3,431,088,022 +0.3%
Show Equity Components breakouts
Class A Units 851,420,597 — —
Common Units 3,440 3,431 +0.3%
Show Legal Entity breakouts
Sunoco LP [Member] · Class D Units [Member] 51,517,198 — —
Sunoco LP [Member] · Common Units 136.9 — —
USAC [Member] 127 — —
Preferred Units Authorized 44,398,959 44,898,959 -1.1%
Preferred Units Issued 44,398,959 44,898,959 -1.1%
Preferred Units Outstanding 44,398,959 44,898,959 -1.1%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Deferred Income Taxes 178 276 -35.5%
Inventory L I F O Reserve Effect On Income Net 156 86 +81.4%
Stock-Based Compensation 148 151 -2.0%
Distributions On Unvested Unit Awards 52 59 -11.9%
Equity Method Investment Dividends Or Distributions 382 356 +7.3%
Other Non-Cash Items -23 -63 +63.5%
Increase Decrease In Operating Capital -1,976 -196 -908.2%
Net Cash from Operations 10,149 11,506 -11.8%
Change in Accounts Receivable -77 -775 +90.1%
Change in Inventory -717 -735 +2.4%
Change in Accounts Payable -322 1,315 -124.5%
Change in Other Liabilities -523 -123 -325.2%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired (FY) — — —
Show Business Acquisition breakouts
Other acquisitions [Member] -4 -250 +98.4%
Parkland Acquisition [Member] -2,004 — —
Sunoco LP acquisitions of terminals -253 -224 -12.9%
Payments To Acquire Productive Assets -6,303 -4,164 -51.4%
Proceeds From Contribution In Aid Of Construction 100 73 +37.0%
Payments For Proceeds From Investments -10 -206 +95.1%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 61 75 -18.7%
Proceeds From Divestiture Of Businesses (FY) — — —
Show Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations breakouts
Other Assets 30 24 +25.0%
Other Investing Activities 10 12 -16.7%
Net Cash from Investing -8,373 -5,904 -41.8%
Financing Activities
Proceeds From Issuance Of Long Term Debt 32,870 34,150 -3.7%
Repayments Of Other Long Term Debt -28,052 -29,409 +4.6%
Payments For Repurchase Of Preferred Stock And Preference Stock (FY) — — —
Show Preferred Units By Name breakouts
Series A, Series C, Series D and Series E preferred units -500 -2,645 +81.1%
Proceeds From Issuance Of Preferred Limited Partners Units 1,473 — —
Distribution Made To Limited Partner Cash Distributions Paid -4,725 -4,623 -2.2%
Payments Of Dividends Minority Interest -1,734 -1,780 +2.6%
Payments Of Dividends Preferred Stock And Preference Stock 56 67 -16.4%
Debt Issuance Costs -119 -147 +19.0%
Net Cash from Financing -816 -5,451 +85.0%
Net Change in Cash 960 151 +535.8%
Supplemental
Income Taxes Paid 103 206 -50.0%
Show Geography breakouts
CA 62 — —
Other domestic 12 29 -58.6%
Other Foreign 3 — —
TX 26 14 +85.7%
Interest Paid 3,136 2,884 +8.7%
Unpaid Capital Expenditures 1,112 688 +61.6%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,272 312 +307.7%
Proceeds From Contributions From Affiliates 27 638 -95.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

Get API Key