Energy Transfer LPETEarnings & Financial Report
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, natural gas liquids (NGLs), refined products and liquid natural gas, as well as NGL fractionation. It is a publicly traded limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.
ET Q4 FY2026 Key Financial Metrics
Revenue
$25.3B
Gross Profit
N/A
Operating Profit
$2.1B
Net Profit
$1.2B
Gross Margin
N/A
Operating Margin
8.2%
Net Margin
4.9%
YoY Growth
29.6%
EPS
$0.25
Energy Transfer LP Q4 FY2026 Financial Summary
Energy Transfer LP reported revenue of $25.3B (up 29.6% YoY) for Q4 FY2026, with a net profit of $1.2B (down 14.4% YoY) (4.9% margin).
Key Financial Metrics
| Total Revenue | $25.3B |
|---|---|
| Net Profit | $1.2B |
| Gross Margin | N/A |
| Operating Margin | 8.2% |
| Report Period | Q4 FY2026 |
Energy Transfer LP Annual Revenue by Year
Energy Transfer LP annual revenue history includes year-by-year totals (for example, 2025 revenue was $85.5B).
Energy Transfer LP Quarterly Revenue & Net Profit History
Energy Transfer LP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2026 | $25.3B | +29.6% | $1.2B | 4.9% |
| Q1 FY2026 | $27.8B | +32.1% | $2.0B | 7.1% |
| Q4 FY2025 | $25.3B | +29.6% | $928.0M | 3.7% |
| Q3 FY2025 | $20.0B | -3.9% | $1.0B | 5.1% |
| Q2 FY2025 | $19.2B | -7.2% | $1.2B | 6.0% |
| Q1 FY2025 | $21.0B | -2.8% | $1.3B | 6.3% |
| Q4 FY2024 | $19.5B | -4.8% | $1.1B | 5.5% |
| Q3 FY2024 | $20.8B | +0.2% | $1.2B | 5.7% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20.77B | $19.54B | $21.02B | $19.24B | $19.95B | $25.32B | $27.77B | $25.32B |
| YoY Growth | 0.2% | -4.8% | -2.8% | -7.2% | -3.9% | 29.6% | 32.1% | 29.6% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $124.43B | $125.38B | $126.42B | $125.02B | $129.33B | $141.29B | $147.48B | $141.29B |
| Liabilities | $78.25B | $79.36B | $80.26B | $79.49B | $83.99B | $92.28B | $97.75B | $92.28B |
| Equity | $46.18B | $46.02B | $46.16B | $45.53B | $45.34B | $49.01B | $49.74B | $49.01B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $2.87B | $2.59B | $2.92B | $2.76B | $2.57B | $1.90B |