Company research
Energy Transfer LP
CIK 1276187Updated Sep 26, 2026
Name history
Energy Transfer Equity, L.P. · through Sep 18, 2018LAGRANGE ENERGY LP · through Jun 24, 2005
ET price & chart
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 141,286,000,000Source | 125,380,000,000Source | 113,698,000,000Source | 105,643,000,000Source |
| Property, Plant and Equipment, NetUSD | 102,142,000,000Source | 95,212,000,000Source | 85,351,000,000Source | 80,311,000,000Source |
| GoodwillUSD | 5,452,000,000Source | 3,903,000,000Source | 4,019,000,000Source | 2,566,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 7,438,000,000Source | 5,971,000,000Source | 6,239,000,000Source | 5,415,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,272,000,000Source | 312,000,000Source | 161,000,000Source | 257,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | 9,047,000,000Source | 8,466,000,000Source |
| Inventory, NetUSD | 4,770,000,000Source | 3,070,000,000Source | 2,478,000,000Source | 2,461,000,000Source |
| Assets, CurrentUSD | 18,233,000,000Source | 14,202,000,000Source | 12,433,000,000Source | 12,081,000,000Source |
| Other Assets, NoncurrentUSD | 2,591,000,000Source | 2,017,000,000Source | 1,733,000,000Source | 1,558,000,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 82,000,000Source | 73,000,000Source | 28,000,000Source | 16,000,000Source |
| Liabilities and EquityUSD | 141,286,000,000Source | 125,380,000,000Source | 113,698,000,000Source | 105,643,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,955,000,000Source | 12,656,000,000Source | 11,277,000,000Source | 10,368,000,000Source |
| Operating Lease, Liability, CurrentUSD | 245,000,000Source | 67,000,000Source | 56,000,000Source | 45,000,000Source |
| Accounts Payable, CurrentUSD | — | — | 6,663,000,000Source | 6,952,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,515,000,000Source | 730,000,000Source | 778,000,000Source | 798,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 5,307,000,000Source | — | — | — |
| Other Liabilities, NoncurrentUSD | 1,941,000,000Source | 1,618,000,000Source | 1,611,000,000Source | 1,341,000,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 14,644,000,000Source | 10,899,000,000Source | 7,257,000,000Source | 7,634,000,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 30,000,000Source | 20,000,000Source | 13,000,000Source | 9,000,000Source |
| Deferred Tax Liabilities, NetUSD | — | 4,183,000,000Source | 3,931,000,000Source | 3,701,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 48,260,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 25,000,000Source | 8,000,000Source | 1,008,000,000Source | 2,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 68,308,000,000Source | 59,752,000,000Source | 51,380,000,000Source | 48,260,000,000Source |
| Partners' CapitalUSD | 34,366,000,000Source | 35,118,000,000Source | 36,682,000,000Source | 33,025,000,000Source |
| Partners' Capital, Including Portion Attributable to Noncontrolling InterestUSD | 49,010,000,000Source | — | — | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 250,000,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 5,708,000,000Source | 6,565,000,000Source | 5,294,000,000Source | 5,868,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 148,000,000Source | 151,000,000Source | 130,000,000Source | 115,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 77,000,000Source | 775,000,000Source | 171,000,000Source | 863,000,000Source |
| Increase (Decrease) in InventoriesUSD | 717,000,000Source | 735,000,000Source | -35,000,000Source | 361,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | -322,000,000Source | 1,315,000,000Source | -501,000,000Source | 25,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 178,000,000Source | 276,000,000Source | 203,000,000Source | 187,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 10,149,000,000Source | 11,506,000,000Source | 9,555,000,000Source | 9,051,000,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 250,000,000Source | 111,000,000Source | 1,141,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,373,000,000Source | -5,904,000,000Source | -4,325,000,000Source | -4,022,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -10,000,000Source | -12,000,000Source | -3,000,000Source | -2,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -816,000,000Source | -5,451,000,000Source | -5,326,000,000Source | -5,108,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | 0Source | 0Source |
| Repayments of Long-term DebtUSD | — | 29,409,000,000Source | 31,416,000,000Source | 29,681,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 960,000,000Source | 151,000,000Source | -96,000,000Source | -79,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,272,000,000Source | 312,000,000Source | 161,000,000Source | 257,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,136,000,000Source | 2,884,000,000Source | 2,298,000,000Source | 2,167,000,000Source |
| Income Taxes Paid, NetUSD | 103,000,000Source | 206,000,000Source | 103,000,000Source | 54,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 479,000,000Source | 464,000,000Source | 399,000,000Source | 390,000,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | -85,000,000Source | -85,000,000Source | -85,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | — | — | 0Source |
| DepreciationUSD | 5,203,000,000Source | 4,701,000,000Source | 3,986,000,000Source | 3,774,000,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 241,000,000Source | 63,000,000Source | 83,000,000Source | 417,000,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of AssetsUSD | 0Source | 586,000,000Source | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -627,000,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | -34,000,000Source | -12,000,000Source | 2,000,000Source | 0Source |
| GoodwillUSD | 5,452,000,000Source | 3,903,000,000Source | 4,019,000,000Source | 2,566,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 419,000,000Source | 379,000,000Source | 383,000,000Source | 257,000,000Source |
| Income Tax Expense (Benefit)USD | 350,000,000Source | 541,000,000Source | 303,000,000Source | 204,000,000Source |
| Inventory Write-downUSD | 156,000,000Source | 86,000,000Source | 114,000,000Source | 5,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,433,000,000Source | 4,814,000,000Source | 3,935,000,000Source | 4,756,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 1,692,000,000Source | 1,299,000,000Source | 1,061,000,000Source |
| Operating Costs and ExpensesUSD | 5,867,000,000Source | 5,164,000,000Source | 4,368,000,000Source | 4,338,000,000Source |
| Other Nonoperating Income (Expense)USD | 120,000,000Source | 134,000,000Source | 86,000,000Source | 90,000,000Source |
| Other Operating Income (Expense), NetUSD | 817,000,000Source | 953,000,000Source | — | — |
| Proceeds from Contributions from AffiliatesUSD | 27,000,000Source | 638,000,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 32,870,000,000Source | 34,150,000,000Source | 32,130,000,000Source | 28,838,000,000Source |
| Proceeds from (Payments to) Noncontrolling InterestsUSD | 0Source | 2,000,000Source | 3,000,000Source | 405,000,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 130,000,000Source | 56,000,000Source | -3,000,000Source | -42,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 85,536,000,000Source | 82,671,000,000Source | 78,586,000,000Source | 89,876,000,000Source |
| Cost of RevenueUSD | 63,495,000,000Source | 61,975,000,000Source | 60,541,000,000Source | 72,232,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 1,180,000,000Source | 1,177,000,000Source | 985,000,000Source | 1,018,000,000Source |
| Operating Income (Loss)USD | 9,027,000,000Source | 9,138,000,000Source | 8,295,000,000Source | 7,738,000,000Source |
| Other Nonoperating Income (Expense)USD | 120,000,000Source | 134,000,000Source | 86,000,000Source | 90,000,000Source |
| Income Tax Expense (Benefit)USD | 350,000,000Source | 541,000,000Source | 303,000,000Source | 204,000,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | 1,692,000,000Source | 1,299,000,000Source | 1,061,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 4,433,000,000Source | 4,814,000,000Source | 3,935,000,000Source | 4,756,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 479,000,000Source | 464,000,000Source | 399,000,000Source | 390,000,000Source |
| Costs and ExpensesUSD | 76,509,000,000Source | 73,533,000,000Source | 70,291,000,000Source | 82,138,000,000Source |
| Current Income Tax Expense (Benefit)USD | 172,000,000Source | 265,000,000Source | 100,000,000Source | 17,000,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | — | — | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 5,682,000,000Source | 5,165,000,000Source | 4,385,000,000Source | 4,164,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 0Source | -627,000,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | 419,000,000Source | 379,000,000Source | 383,000,000Source | 257,000,000Source |
| Interest ExpenseUSD | 3,474,000,000Source | 3,125,000,000Source | 2,578,000,000Source | 2,306,000,000Source |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | 1,208,000,000Source | — | — | — |
| Operating Costs and ExpensesUSD | 5,867,000,000Source | 5,164,000,000Source | 4,368,000,000Source | 4,338,000,000Source |
| Other Operating Income (Expense), NetUSD | 817,000,000Source | 953,000,000Source | — | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 248,000,000Source | 362,000,000Source | 463,000,000Source | 422,000,000Source |
Filing attachments
d99342dex42.htm · 8-K · 2026-07-21
EX-4.2 2 d99342dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 ENERGY TRANSFER LP, as Issuer, and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee ELEVENTH SUPPLEMENTAL INDENTURE Dated as of July 20, 2026 to Indenture dated as of December 14, 2022 Series 2026A Junior Subordinated Notes due 2057 Table of Contents ARTICLE I DEFINITIONS 1 SECTION 1.1 Generally 1 SECTION 1.2 Definition…
Read attachment ↗d99342dex43.htm · 8-K · 2026-07-21
EX-4.3 3 d99342dex43.htm EX-4.3 EX-4.3 Exhibit 4.3 ENERGY TRANSFER LP, as Issuer, and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TWELFTH SUPPLEMENTAL INDENTURE Dated as of July 20, 2026 to Indenture dated as of December 14, 2022 Series 2026B Junior Subordinated Notes due 2057 Table of Contents ARTICLE I DEFINITIONS 1 SECTION 1.1 Generally 1 SECTION 1.2 Definition …
Read attachment ↗d86030dex991.htm · 8-K · 2026-07-08
EX-99.1 3 d86030dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 E NERGY T RANSFER LP A NNOUNCES P RICING OF $1.75 BILLION OF J UNIOR S UBORDINATED N OTES DALLAS - July 6, 2026 - Energy Transfer LP (NYSE: ET) today announced the pricing of its offering of $650,000,000 aggregate principal amount of Series 2026A junior subordinated notes due 2057 (the “Series 2026A notes”) and $1,100,000,000 aggregate principal amount of Series 2026B junior subordinated notes due 2057 (the “Series 2026B notes,” and …
Read attachment ↗d64050dex42.htm · 8-K · 2026-01-27
EX-4.2 2 d64050dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 ENERGY TRANSFER LP, as Issuer, and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TENTH SUPPLEMENTAL INDENTURE Dated as of January 27, 2026 to Indenture dated as of December 14, 2022 4.550% Senior Notes due 2031 5.350% Senior Notes due 2036 6.300% Senior Notes due 2056 Table of Contents ARTICLE I DEFINITIONS 1 SE…
Read attachment ↗d91877dex991.htm · 8-K · 2026-01-13
EX-99.1 3 d91877dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 E NERGY T RANSFER LP A NNOUNCES P RICING OF $3.0 B ILLION OF S ENIOR N OTES DALLAS - January 12, 2026 - Energy Transfer LP (NYSE: ET) today announced the pricing of its offering of $1.0 billion aggregate principal amount of 4.550% senior notes due 2031, $1.0 billion aggregate principal amount of 5.350% senior notes due 2036 and $1.0 billion aggregate principal amount of 6.300% senior notes due 2056 (together, the “senior notes”) at p…
Read attachment ↗d76764dex991.htm · 8-K · 2026-01-06
EX-99.1 2 d76764dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 ENERGY TRANSFER ANNOUNCES 2026 OUTLOOK Dallas, January 6, 2026 - Energy Transfer LP (NYSE:ET) announced today its outlook for capital investment and earnings estimates for full-year 2026. Growth Capital Expenditures In 2026, Energy Transfer expects to invest $5.0 billion to $5.5 billion in growth capital, primarily on projects enhancing its natural gas network. Energy Transfer is uniquely positioned to capture numerous opportuniti…
Read attachment ↗