ET Q1 2025 Earnings — Energy Transfer LP Revenue & Financial Results | Market Cap Arena

ETEnergy Transfer LP

$64B

Q1 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$21.0B-2.8% YoY

Gross Profit

$4.2B19.7% margin

Operating Income

$2.5B11.9% margin

Net Income

$1.3B6.3% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$2.9B

Free Cash Flow

$1.7B

Stock-Based Comp.

$37M

Balance Sheet

Total Assets

$126.4B

Total Liabilities

$79.8B

Stockholders' Equity

$35.3B

Cash & Equivalents

$453M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$21.0B	$21.6B	-2.8%
Gross Profit	$4.2B	$3.9B	+6.6%
Operating Income	$2.5B	$2.4B	+4.7%
Net Income	$1.3B	$1.2B	+6.7%

Revenue Segments

NGL sales

$5.6B27%

Crude sales

$5.4B26%

Refined product sales

$5.0B24%

Gathering, transportation and other fees

$3.0B14%

Natural gas sales

$1.6B8%

Product and Service, Other

$380M2%