Energy Transfer LP

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

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, 2026 · Filed May 7, 2026

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

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Contents

Consolidated Statements of Operations

(Dollars in millions, except per unit data)

	Three Months EndedMarch 31,
	2026	2025
REVENUES:
Refined product sales	$10,272	$4,963
Crude sales	6,994	5,449
NGL sales	5,128	5,642
Gathering, transportation and other fees	3,261	3,005
Natural gas sales	1,478	1,581
Other	638	380
Total revenues	27,771	21,020
COSTS AND EXPENSES:
Cost of products sold	21,149	15,571
Operating expenses	1,695	1,299
Depreciation, depletion and amortization	1,583	1,367
Selling, general and administrative	361	288
Impairment loss	—	4
Total costs and expenses	24,788	18,529
OPERATING INCOME	2,983	2,491
OTHER INCOME (EXPENSE):
Interest expense, net of interest capitalized	(947)	(809)
Equity in earnings of unconsolidated affiliates	110	92
Losses on extinguishments of debt	(7)	(2)
Other, net	(28)	(11)
INCOME BEFORE INCOME TAX EXPENSE	2,111	1,761
Income tax expense	135	41
NET INCOME	1,976	1,720
Less: Net income attributable to noncontrolling interests	715	384
Less: Net income attributable to redeemable noncontrolling interests	7	13
NET INCOME ATTRIBUTABLE TO PARTNERS	1,254	1,323
Less: General Partner’s interest in net income	1	1
Less: Preferred Unitholders’ interest in net income	59	67
Common Unitholders’ interest in net income	$1,194	$1,255
NET INCOME PER COMMON UNIT:
Basic	$0.35	$0.37
Diluted	$0.35	$0.36

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.