Energy Transfer LP Income Statement

ET / Utilities|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Energy Transfer LP reported $85.5B in revenue and $4.4B in net income for FY2025. Revenue has grown at a 21.8% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 1.04 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$85.5B	$82.7B	$78.6B	$89.9B	$67.4B	$39.0B	$54.2B	$54.1B	$40.5B	$31.8B	$6.4B	$55.7B	$8.2B	$6.6B	$5.4B
Cost of Revenue	$63.5B	$62.0B	$60.5B	$72.2B	$50.4B	$25.5B	$39.8B	$41.6B	$31.0B	$23.7B	$28.7B	$48.4B	$5.2B	$4.1B	$3.1B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	$1.6B	$654.0M	$778.0M	$2.5B
SG&A Expense	$1.2B	$1.2B	$985.0M	$1.0B	$818.0M	$711.0M	$694.0M	$702.0M	$599.0M	$656.0M	$548.0M	$611.0M	$253.0M	$233.0M	$178.9M
Operating Income	$9.0B	$9.1B	$8.3B	$7.7B	$8.8B	$3.0B	$7.2B	$5.4B	$2.7B	$1.9B	$680.0M	$2.5B	$1.2B	$1.0B	$1.1B
Interest Expense	$3.5B	$3.1B	$2.6B	$2.3B	$2.3B	$2.3B	$2.3B	$2.1B	$1.9B	$1.8B	$1.6B	$1.4B	$740.0M	$625.0M	$468.4M
Income Tax	$350.0M	$541.0M	$303.0M	$204.0M	$184.0M	$237.0M	$195.0M	$4.0M	-$1.8B	-$258.0M	-$123.0M	$357.0M	$17.0M	$14.0M	$9.2M
Net Income	$4.4B	$4.8B	$3.9B	$4.8B	$5.5B	-$648.0M	$3.5B	$1.7B	$954.0M	$995.0M	$1.2B	$633.0M	$310.0M	$193.0M	$442.5M
Gross Margin	-	-	-	-	-	-	-	-	-	-	-	2.9%	8.0%	11.9%	45.9%
Operating Margin	10.5%	11.1%	10.6%	8.6%	13.0%	7.6%	13.3%	10.0%	6.7%	5.8%	10.5%	4.4%	15.1%	15.9%	20.5%
Profit Margin	5.2%	5.8%	5.0%	5.3%	8.1%	-1.7%	6.5%	3.2%	2.4%	3.1%	18.4%	1.1%	3.8%	2.9%	8.2%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Energy Transfer LP Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$85.5B

$82.7B

$78.6B

$89.9B

$67.4B

$39.0B

$54.2B

$54.1B

$40.5B

$31.8B

$6.4B

$55.7B

$8.2B

$6.6B

$5.4B

Cost of Revenue

$63.5B

$62.0B

$60.5B

$72.2B

$50.4B

$25.5B

$39.8B

$41.6B

$31.0B

$23.7B

$28.7B

$48.4B

$5.2B

$4.1B

$3.1B

Gross Profit

$1.6B

$654.0M

$778.0M

$2.5B

SG&A Expense

$1.2B

$985.0M

$1.0B

$818.0M

$711.0M

$694.0M

$702.0M

$599.0M

$656.0M

$548.0M

$611.0M

$253.0M

$233.0M

$178.9M

Operating Income

$9.0B

$9.1B

$8.3B

$7.7B

$8.8B

$3.0B

$7.2B

$5.4B

$2.7B

$1.9B

$680.0M

$2.5B

$1.2B

$1.0B

$1.1B

Interest Expense

$3.5B

$3.1B

$2.6B

$2.3B

$2.1B

$1.9B

$1.8B

$1.6B

$1.4B

$740.0M

$625.0M

$468.4M

Income Tax

$350.0M

$541.0M

$303.0M

$204.0M

$184.0M

$237.0M

$195.0M

$4.0M

-$1.8B

-$258.0M

-$123.0M

$357.0M

$17.0M

$14.0M

$9.2M

Net Income

$4.4B

$4.8B

$3.9B

$4.8B

$5.5B

-$648.0M

$3.5B

$1.7B

$954.0M

$995.0M

$1.2B

$633.0M

$310.0M

$193.0M

$442.5M

Gross Margin

2.9%

8.0%

11.9%

45.9%

Operating Margin

10.5%

11.1%

10.6%

8.6%

13.0%

7.6%

13.3%

10.0%

6.7%

5.8%

10.5%

4.4%

15.1%

15.9%

20.5%

Profit Margin

5.2%

5.8%

5.0%

5.3%

8.1%

-1.7%

6.5%

3.2%

2.4%

3.1%

18.4%

1.1%

3.8%

2.9%

8.2%