Energy Transfer LP

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

ET$19.09+0.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Operations

(Dollars in millions, except per unit data)

	Years Ended December 31,
	2023	2022	2021
REVENUES:
Refined product sales	$23,389	$26,020	$17,766
Crude sales	23,492	23,473	15,299
NGL sales	15,957	20,114	15,243
Gathering, transportation and other fees	11,428	10,907	9,229
Natural gas sales	3,259	8,535	9,159
Other	1,061	827	721
Total revenues	78,586	89,876	67,417
COSTS AND EXPENSES:
Cost of products sold	60,541	72,232	50,395
Operating expenses	4,368	4,338	3,574
Depreciation, depletion and amortization	4,385	4,164	3,817
Selling, general and administrative	985	1,018	818
Impairment losses and other	12	386	21
Total costs and expenses	70,291	82,138	58,625
OPERATING INCOME	8,295	7,738	8,792
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	(2,578)	(2,306)	(2,267)
Equity in earnings of unconsolidated affiliates	383	257	246
Gains (losses) on extinguishments of debt	2	—	(38)
Gains on interest rate derivatives	36	293	61
Non-operating litigation-related loss	(627)	—	—
Other, net	86	90	77
INCOME BEFORE INCOME TAX EXPENSE	5,597	6,072	6,871
Income tax expense	303	204	184
NET INCOME	5,294	5,868	6,687
Less: Net income attributable to noncontrolling interests	1,299	1,061	1,167
Less: Net income attributable to redeemable noncontrolling interests	60	51	50
NET INCOME ATTRIBUTABLE TO PARTNERS	3,935	4,756	5,470
General Partner’s interest in net income	3	4	6
Preferred Unitholders’ interest in net income	463	422	285
Common Unitholders’ interest in net income	$3,469	$4,330	$5,179
NET INCOME PER COMMON UNIT:
Basic	$1.10	$1.40	$1.89
Diluted	$1.09	$1.40	$1.89

F - 6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.