et: the income statement

MyFinsight

For the quarter ending 2025-09-30, ET made $19,954M in revenue. $959M in net income. Net profit margin of 4.81%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenues	19,954	19,242	21,020	20,772
Cost of products sold	14,562	13,946	15,571	15,612
Operating expenses	1,532	1,343	1,299	1,358
Depreciation, depletion and amortization	1,440	1,384	1,367	1,324
Selling, general and administrative	268	257	288	297
Impairment losses	1	3	4	0
Total costs and expenses	17,803	16,933	18,529	18,591
Operating income	2,151	2,309	2,491	2,181
Interest expense, net of interest capitalized	890	865	809	828
Equity in earnings of unconsolidated affiliates	116	105	92	102
Losses on extinguishments of debt	-12	-17	-2	0
Gain (loss) on interest rate derivative	0	0	0	-6
Gain (loss) related to litigation settlement	-	-	-	0
Gain on sale of sunoco lp west texas assets	0	0	-	0
Other, net	14	5	-11	74
Income before income tax expense	1,379	1,537	1,761	1,523
Income tax expense	87	79	41	89
Net income	1,292	1,458	1,720	1,434
Less net income attributable to noncontrolling interests	259	275	384	238
Less net income attributable to redeemable noncontrolling interests	14	20	13	13
Net income attributable to partners	1,019	1,163	1,323	1,183
Less general partners interest in net income	-1	-1	-1	-1
Preferred unitholders interest in net income	59	63	67	67
Preferred stock redemption premium	0	8	0	0
Common unitholders interest in net income	959	1,091	1,255	1,115