ET Q2 2025 Earnings — Energy Transfer LP Revenue & Financial Results | Market Cap Arena

ETEnergy Transfer LP

$64B

Q2 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$19.2B-7.2% YoY

Gross Profit

$2.7B14.0% margin

Operating Income

$2.4B12.6% margin

Net Income

$1.1B5.7% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-8.5%

Cash Flow

Operating Cash Flow

$2.8B

Free Cash Flow

$1.1B

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$125.0B

Total Liabilities

$79.2B

Stockholders' Equity

$34.8B

Cash & Equivalents

$242M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$19.2B	$20.7B	-7.2%
Gross Profit	$2.7B	$3.9B	-31.0%
Operating Income	$2.4B	$2.3B	+5.7%
Net Income	$1.1B	$1.3B	-16.4%

Revenue Segments

Refined product sales

$5.2B27%

Crude sales

$5.0B26%

NGL sales

$4.5B23%

Gathering, transportation and other fees

$3.1B16%

Natural gas sales

$1.1B5%

Product and Service, Other

$405M2%

Geographic Segments

Midstream

$3.1B100%