Energy Transfer LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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4. Inventories
- INVENTORIES
Inventories consisted of the following:
| March 31,2025 | December 31,2024 | |
|---|---|---|
| Natural gas, NGLs and refined products | $1,834 | $1,989 |
| Crude oil | 292 | 400 |
| Spare parts and other | 661 | 681 |
| Total inventories | $2,787 | $3,070 |
Sunoco LP’s fuel inventories are stated at the lower of cost or market using the LIFO method. As of March 31, 2025 and December 31, 2024, Sunoco LP’s fuel inventory balance included lower of cost or market reserves of $255 million and $316 million, respectively. For the three months ended March 31, 2025 and 2024, the Partnership’s consolidated income statements did not include any material amounts of income from the liquidation of Sunoco LP’s LIFO fuel inventory. For the three months ended March 31, 2025 and 2024, the Partnership’s cost of products sold included favorable inventory valuation adjustments of $61 million and $130 million, respectively, which increased net income.
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