| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,976 | 1,238 | 1,292 | 1,458 |
| Depreciation, depletion and amortization | 1,583 | 1,491 | 1,440 | 1,384 |
| Deferred income tax expense (benefit) | 93 | 110 | 61 | 7 |
| Inventory valuation adjustments | -444 | 187 | -10 | 40 |
| Non-cash compensation expense | 42 | 38 | 40 | 33 |
| Impairment loss | 0 | 277 | 1 | 3 |
| Other non-cash | 11 | -20 | 20 | -9 |
| Equity in earnings of unconsolidated affiliates | 110 | 106 | 116 | 105 |
| Gain (loss) on disposition of assets | NaN | 0 | 0 | 0 |
| Losses on extinguishments of debt | -7 | -3 | -12 | -17 |
| Distributions from unconsolidated affiliates | 39 | 146 | 71 | 88 |
| Distributions on unvested awards | 13 | 13 | 13 | 13 |
| Net change in operating assets and liabilities, net of effects of acquisitions | -216 | 1,493 | 186 | 175 |
| Net cash provided by operating activities | 3,378 | 1,898 | 2,572 | 2,762 |
| Cash paid for acquisitions, net of cash received-Parkland Acquisition | NaN | 2,004 | NaN | NaN |
| Cash paid for acquisitions, net of cash received-WTGMidstream | NaN | 0 | 0 | NaN |
| Cash paid for acquisitions, net of cash received-Edwards Lime Gathering LLC | NaN | 0 | NaN | NaN |
| Cash acquired from acquisition | NaN | 0 | NaN | NaN |
| Cash paid for acquisitions, net of cash received-Lotus Midstream Acquisition | NaN | 0 | NaN | NaN |
| Cash paid for acquisitions-Sunoco LP | NaN | NaN | 109 | 92 |
| Cash paid for acquisitions, net of cash received-Crestwood Acquisition | NaN | 0 | NaN | NaN |
| Cash paid for acquisition, net of cash received-JWPower | 445 | NaN | NaN | NaN |
| Cash paid for acquisitions-Edwards Lime Gathering | NaN | NaN | 0 | 0 |
| Cash paid for acquisitions, net of cash received-Sunoco LPAcquisitions Of Terminals | NaN | 253 | NaN | NaN |
| Cash paid for acquisition, net of cash received-Tan Quid | 194 | NaN | NaN | NaN |
| Cash paid for acquisition, net of cash received-Other Acquisitions | 50 | -172 | 176 | 39 |
| Capital expenditures, excluding allowance for equity funds used during construction | 1,916 | 2,123 | 1,297 | 1,659 |
| Contributions in aid of construction costs | 19 | 73 | 1 | 10 |
| Contributions to unconsolidated affiliates | 22 | 5 | 5 | 207 |
| Distributions from unconsolidated affiliates in excess of cumulative earnings | 39 | -16 | 21 | 36 |
| Proceeds from sales of other assets-Sunoco LPWest Texas Assets | NaN | 0 | NaN | NaN |
| Proceeds from divestiture of businesses | NaN | NaN | 0 | 0 |
| Proceeds from sales of other assets-Other Assets | NaN | 30 | NaN | NaN |
| Other, net | -35 | 9 | -9 | -9 |
| Net cash used in investing activities | -2,534 | -3,946 | -1,528 | -1,701 |
| Proceeds from borrowings | 12,216 | 5,995 | 10,729 | 5,554 |
| Repayments of debt | 11,616 | 4,585 | 8,341 | 15,126 |
| Repayments of debt-USACInvestments In Government Securities In Connection With Legal Defeasance Of Senior Notes | NaN | NaN | 0 | 0 |
| Repayments of senior debt | NaN | 0 | NaN | NaN |
| Preferred units issued for cash-USACInvestments In Government Securities In Connection With Legal Defeasance Of Senior Notes | NaN | NaN | 1,473 | NaN |
| Preferred units issued for cash | NaN | 1,473 | NaN | NaN |
| Payments for repurchase of preferred stock and preference stock | NaN | NaN | 0 | 500 |
| Payments for repurchase of preferred stock and preference stock-Series ASeries CSeries DAnd Series EPreferred Units | NaN | 500 | NaN | NaN |
| Payments for repurchase of preferred stock and preference stock-Sunoco LPRedemption Of Nu Star Preferred Units | NaN | NaN | 0 | 0 |
| Payments for repurchase of preferred stock and preference stock-Nustar | NaN | 0 | NaN | NaN |
| Payments for repurchase of preferred stock and preference stock-Crestwood Niobrara LLCPreferred Units | NaN | NaN | 0 | 0 |
| Payments for repurchase of preferred stock and preference stock-Crestwood Niobrara LLC | NaN | 0 | NaN | NaN |
| Capital contributions from noncontrolling interests | 1 | 0 | 22 | 3 |
| Capital contributions from redeemable noncontrolling interests | 2 | 0 | 0 | 0 |
| Distributions to partners | 1,168 | 1,221 | 1,150 | 1,221 |
| Distributions to noncontrolling interests | 545 | 424 | 376 | 479 |
| Distributions to redeemable noncontrolling interests | 7 | 11 | 11 | 21 |
| Debt issuance costs | 48 | 8 | 58 | 2 |
| Net cash used in financing activities | -1,165 | -254 | 2,288 | -1,272 |
| Net change in cash and cash equivalents | -321 | -2,302 | 3,332 | -211 |
| Cash and cash equivalents, beginning of period | 1,272 | NaN | NaN | NaN |
| Cash and cash equivalents, end of period | 951 | NaN | NaN | NaN |
Energy Transfer LP (ET-PI)
Energy Transfer LP (ET-PI)