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Energy Transfer LP

ETNYSE

Built from Energy Transfer LP's own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data

Energy Transfer: Revenue grew 3.5% to $85.536B from $82.671B. Net income declined 7.9% to $4.433B from $4.814B. Free cash flow declined 47.6% to $3.846B from $7.342B. Operating margin contracted 50 bps to 10.55%. Energy Transfer's annual comparison also shows free cash flow declined despite revenue growth; capital spending grew faster than revenue; inventory grew faster than revenue.

The read at a glance✓ Audited against SEC data
  • Growth — Revenue grew 3.5%OK
  • Profitability — Net income declined 7.9% to $4.433B from $4.814BWatch
  • Cash flow — Free cash flow declined 47.6% to $3.846B from $7.342BWatch
  • Margins — Operating margin contracted 50 bps to 10.55%Watch
  • Accounting — No overriding statistical warningNote
  • Insiders — 4 purchases and 0 salesOK

Business

Energy Transfer owns pipelines, storage, processing, export and related energy infrastructure.

Where the revenue comes from

Fiscal 2025, as Energy Transfer LP reports it. History and quarterly detail are in the app.

  • Investment in Sunoco LP$25.2B
  • NGL and Refined Products Transportation and Services$24.9B
  • Midstream$12.5B
  • Intrastate Transportation and Storage$4.0B
  • All Other$3.9B

Leadership changes

From Energy Transfer LP's own filings, the day they're filed.

  • Thomas E. Long · Chief Executive Officer · departure

Latest filings

  • 10-Q · Quarterly report2026-08-06
  • 8-K · Company announcement2026-08-04
  • 8-K · Company announcement2026-07-21
  • 8-K · Company announcement2026-07-08
  • 8-K · Company announcement2026-06-03
In the full recordFree for 14 days
  • What changed🔒
  • Insider signal🔒
  • Growth quality🔒
  • Margins & accounting🔒
  • Capital allocation🔒
  • Real risks🔒
  • The long arc🔒
  • Company history🔒
  • The filings, readable — with what changed vs the prior year highlighted🔒
  • Full financial statements, industry-aware, sources cited throughout🔒
  • Forensic score history & components — the trend, not one year🔒
  • Ownership: insider buys/sells, clusters, activist stakes🔒
  • Ana — ask about Energy Transfer LP, every answer cited to the official filings🔒

Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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