Energy Transfer LP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85.54B | $82.67B | $78.59B | $89.88B | $67.42B | $38.95B | $54.21B | $54.09B |
| Cost of Revenue | $63.50B | $61.98B | $60.54B | $72.23B | $50.40B | $25.49B | $39.80B | $41.60B |
| Gross Profit | $22.04B | $20.70B | $18.05B | $17.64B | $17.02B | $13.47B | $14.41B | $12.48B |
| Gross Margin | 25.8% | 25.0% | 23.0% | 19.6% | 25.2% | 34.6% | 26.6% | 23.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.18B | $1.18B | $985.0M | $1.02B | $818.0M | $711.0M | $694.0M | $702.0M |
| Operating Income | $9.03B | $9.14B | $8.30B | $7.74B | $8.79B | $2.98B | $7.20B | $5.40B |
| Operating Margin | 10.6% | 11.1% | 10.6% | 8.6% | 13.0% | 7.7% | 13.3% | 10.0% |
| Interest Expense | $3.47B | $3.13B | $2.58B | $2.31B | $2.27B | $2.33B | $2.33B | $2.06B |
| Pretax Income | — | — | — | — | $6.87B | $377.0M | $5.02B | $3.69B |
| Income Tax Expense | $350.0M | $541.0M | $303.0M | $204.0M | $184.0M | $237.0M | $195.0M | $4.0M |
| Net Income | $4.43B | $4.81B | $3.94B | $4.76B | $5.47B | $-648.0M | $3.52B | $1.75B |
| Net Margin | 5.2% | 5.8% | 5.0% | 5.3% | 8.1% | -1.7% | 6.5% | 3.2% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 3.43B | 3.37B | 3.09B | 3.08B | 2.70B | 2.69B | 2.62B | 1.08B |
| Shares Outstanding (Diluted) | 3.43B | 3.37B | 3.09B | 3.08B | 2.70B | 2.69B | 2.62B | 1.08B |
| Dividends Per Share | — | — | — | — | — | — | — | — |