ET Q3 2025 Earnings — Energy Transfer LP Revenue & Financial Results | Market Cap Arena

ETEnergy Transfer LP

$64B

Q3 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$20.0B-3.9% YoY

Gross Profit

$5.4B27.0% margin

Operating Income

$2.2B10.8% margin

Net Income

$1.0B5.1% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

+3.7%

Cash Flow

Operating Cash Flow

$2.6B

Free Cash Flow

$1.3B

Stock-Based Comp.

$40M

Balance Sheet

Total Assets

$129.3B

Total Liabilities

$82.2B

Stockholders' Equity

$34.7B

Cash & Equivalents

$3.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$20.0B	$20.8B	-3.9%
Gross Profit	$5.4B	$3.8B	+41.8%
Operating Income	$2.2B	$2.2B	-1.4%
Net Income	$1.0B	$1.2B	-13.9%