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Energy Transfer ET · USD

Energy · US listing · 🇺🇸 United States

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Energy Transfer annual report

Filed with the US Securities and Exchange Commission

10-K

The latest annual report covers the year to 31 Dec 2025, filed on 19 Feb 2026.

Read the 10-K on SEC.gov ↗

Five-year highlights

In USD.

FY2025FY2024FY2023FY2022FY2021
Revenue$82.63bn$82.67bn$78.59bn$89.88bn$67.42bn
Operating income$9.44bn$9.14bn$8.29bn$7.74bn$8.79bn
Net income$4.90bn$4.81bn$3.94bn$4.76bn$5.47bn
Free cash flow$3.85bn$7.34bn$6.42bn$5.67bn$8.34bn
Total assets$141.74bn$125.38bn$113.70bn$105.64bn$105.96bn
Shareholders' equity$34.37bn$35.12bn$36.68bn$33.03bn$31.30bn

Revenue by business

Year to 31 Dec 2025

  • Refined product sales $24.21bn · 28.3%
  • Crude sales $23.49bn · 27.5%
  • NGL sales $19.04bn · 22.3%
  • Gathering, transportation and other fees $12.42bn · 14.5%
  • Natural gas sales $4.66bn · 5.4%
  • Other $1.72bn · 2.0%

Filings

Newest first, from SEC EDGAR

Sources and methodology

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SEC EDGAR and our data supplier
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