ET Q4 2025 Earnings — Energy Transfer LP Revenue & Financial Results | Market Cap Arena

ETEnergy Transfer LP

$64B

Q4 2025 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$22.4B+14.7% YoY

Gross Profit

$5.8B25.8% margin

Operating Income

$2.4B10.6% margin

Net Income

$1.5B6.5% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$1.9B

Free Cash Flow

-$225M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$141.7B

Total Liabilities

$92.5B

Stockholders' Equity

$34.4B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22.4B	$19.5B	+14.7%
Gross Profit	$5.8B	$4.1B	+40.9%
Operating Income	$2.4B	$2.3B	+4.0%
Net Income	$1.5B	$1.1B	+35.6%