For the year ending 2025-12-31, ET-PI made $85,536M in revenue. $4,173M in net income. Net profit margin of 4.88%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 85,536 | 82,671 | 78,586 | - |
| Cost of products sold | 63,495 | 61,975 | 60,541 | - |
| Operating expenses | 5,867 | 5,164 | 4,368 | - |
| Depreciation, depletion and amortization | 5,682 | 5,165 | 4,385 | - |
| Selling, general and administrative | 1,180 | 1,177 | 985 | - |
| Impairment losses and other | 285 | 52 | 12 | - |
| Total costs and expenses | 76,509 | 73,533 | 70,291 | - |
| Operating income | 9,027 | 9,138 | 8,295 | - |
| Interest expense, net of interest capitalized | 3,474 | 3,125 | 2,578 | - |
| Equity in earnings of unconsolidated affiliates | 419 | 379 | 383 | - |
| Gains (losses) on extinguishments of debt | -34 | -12 | 2 | - |
| Gain (loss) on interest rate derivative instruments not designated as hedging instruments | - | 6 | 36 | - |
| Gain (loss) from litigation settlement | 0 | 0 | -627 | - |
| Gain (loss) on disposition of assets | 0 | 586 | - | - |
| Other, net | 120 | 134 | 86 | - |
| Income (loss), including portion attributable to noncontrolling interest, before tax, total | 6,058 | 7,106 | 5,597 | - |
| Income tax expense | 350 | 541 | 303 | - |
| Net income | 5,708 | 6,565 | 5,294 | 5,868 |
| Less net income attributable to noncontrolling interests | 1,208 | 1,692 | 1,299 | 1,061 |
| Less net income attributable to redeemable noncontrolling interests | 67 | 59 | 60 | 51 |
| Net income attributable to partners | 4,433 | 4,814 | 3,935 | 4,756 |
| Less general partners interest in net income | -4 | -4 | -3 | - |
| Less preferred unitholders interest in net income | 248 | 362 | 463 | - |
| Preferred stock redemption premium | 8 | 54 | - | - |
| Limited partners interest in net income | 4,173 | 4,394 | 3,469 | - |
Energy Transfer LP (ET-PI)
Energy Transfer LP (ET-PI)