Energy Transfer LP

For the period ended Dec 31, 2024. Filed Feb 14, 2025.

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.

FY2024 · Filed Feb 14, 2025

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,
	2024	2023	2022
REVENUES:
Refined product sales	$22,051	$23,389	$26,020
Crude sales	25,368	23,492	23,473
NGL sales	19,105	15,957	20,114
Gathering, transportation and other fees	12,027	11,428	10,907
Natural gas sales	2,737	3,259	8,535
Other	1,383	1,061	827
Total revenues	82,671	78,586	89,876
COSTS AND EXPENSES:
Cost of products sold	61,975	60,541	72,232
Operating expenses	5,164	4,368	4,338
Depreciation, depletion and amortization	5,165	4,385	4,164
Selling, general and administrative	1,177	985	1,018
Impairment losses and other	52	12	386
Total costs and expenses	73,533	70,291	82,138
OPERATING INCOME	9,138	8,295	7,738
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	(3,125)	(2,578)	(2,306)
Equity in earnings of unconsolidated affiliates	379	383	257
Gains (losses) on extinguishments of debt	(12)	2	—
Gains on interest rate derivatives	6	36	293
Non-operating litigation-related loss	—	(627)	—
Gain on sale of Sunoco LP West Texas assets	586	—	—
Other, net	134	86	90
INCOME BEFORE INCOME TAX EXPENSE	7,106	5,597	6,072
Income tax expense	541	303	204
NET INCOME	6,565	5,294	5,868
Less: Net income attributable to noncontrolling interests	1,692	1,299	1,061
Less: Net income attributable to redeemable noncontrolling interests	59	60	51
NET INCOME ATTRIBUTABLE TO PARTNERS	4,814	3,935	4,756
General Partner’s interest in net income	4	3	4
Preferred Unitholders’ interest in net income	362	463	422
Loss on redemption of preferred units	54	—	—
Common Unitholders’ interest in net income	$4,394	$3,469	$4,330
NET INCOME PER COMMON UNIT:
Basic	$1.29	$1.10	$1.40
Diluted	$1.28	$1.09	$1.40

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.