Energy Transfer LP (ET)ETEnergy Transfer LP

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Total Current Assets	0.00	0.00	22.26B	18.23B	17.44B	13.67B	15.24B	14.20B	13.34B
Cash & Cash Equivalents	0.00	0.00	951.00M	1.27B	3.57B	242.00M	453.00M	312.00M	299.00M
Short-Term Investments	0.00	0.00	20.00M	52.00M	20.00M	12.00M	6.00M	9.00M	26.00M
Cash & Short-Term Investments	0.00	0.00	971.00M	1.32B	3.59B	254.00M	459.00M	321.00M	325.00M
Accounts Receivable	0.00	0.00	15.89B	11.45B	10.04B	10.10B	11.52B	10.33B	10.03B
Inventory	0.00	0.00	4.64B	4.99B	3.27B	2.79B	2.79B	3.07B	2.50B
Total Assets	148.17B	148.17B	147.48B	141.74B	129.33B	125.02B	126.42B	125.38B	124.43B
Property, Plant & Equipment	106.03B	106.03B	105.98B	103.98B	96.91B	96.36B	96.07B	96.02B	95.85B
Goodwill	5.61B	5.61B	5.61B	5.45B	3.90B	3.90B	3.90B	3.90B	3.91B
Intangible Assets	7.16B	7.16B	7.29B	7.44B	5.66B	5.77B	5.89B	5.97B	6.10B
Long-Term Investments	3.64B	3.64B	3.65B	3.80B	3.27B	3.24B	3.26B	3.27B	3.27B
Total Current Liabilities	19.86B	19.86B	19.04B	14.96B	12.41B	11.85B	13.57B	12.66B	12.37B
Accounts Payable	0.00	0.00	13.15B	9.51B	7.34B	7.51B	9.00B	8.32B	7.38B
Short-Term Debt	70.01B	70.01B	19.00M	270.00M	8.00M	6.00M	7.00M	8.00M	263.00M
Total Liabilities	97.65B	97.65B	97.49B	92.48B	82.19B	79.17B	79.84B	78.95B	77.83B
Long-Term Debt	0.00	0.00	69.32B	69.74B	63.10B	60.75B	59.78B	59.70B	58.99B
Total Debt	70.01B	70.01B	71.11B	71.61B	63.97B	61.58B	60.61B	60.56B	60.06B
Net Debt (Cash)	70.01B	70.01B	70.16B	70.34B	60.40B	61.33B	60.15B	60.25B	59.77B
Total Shareholders' Equity	50.52B	50.52B	34.46B	34.37B	34.68B	34.78B	35.32B	35.12B	35.24B
Common Stock	0.00	0.00	31.00B	30.93B	31.22B	31.36B	31.36B	31.20B	31.31B
Retained Earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current Ratio	0.00	0.00	1.17	1.22	1.41	1.15	1.12	1.12	1.08
Debt to Equity Ratio	1.39	1.39	2.06	2.08	1.84	1.77	1.72	1.72	1.70

Annual Balance Sheet (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	18.23B	14.20B	12.43B	12.08B	10.54B	6.32B	7.46B	6.75B
Cash & Cash Equivalents	1.27B	312.00M	161.00M	257.00M	336.00M	367.00M	291.00M	419.00M
Short-Term Investments	52.00M	9.00M	66.00M	10.00M	10.00M	9.00M	23.00M	111.00M
Cash & Short-Term Investments	1.32B	321.00M	227.00M	267.00M	346.00M	376.00M	314.00M	530.00M
Accounts Receivable	11.45B	10.33B	9.21B	8.56B	7.71B	3.95B	5.20B	4.19B
Inventory	4.99B	3.07B	2.68B	2.46B	2.01B	1.74B	1.53B	1.82B
Total Assets	141.74B	125.38B	113.70B	105.64B	105.96B	95.14B	98.97B	88.25B
Property, Plant & Equipment	103.98B	96.02B	86.18B	81.13B	82.44B	75.97B	75.16B	66.96B
Goodwill	5.45B	3.90B	4.02B	2.57B	2.53B	2.39B	5.17B	4.88B
Intangible Assets	7.44B	5.97B	6.24B	5.42B	5.86B	5.75B	6.15B	6.00B
Long-Term Investments	3.80B	3.27B	3.22B	2.89B	2.95B	3.06B	3.64B	2.82B
Total Current Liabilities	14.96B	12.66B	11.28B	10.37B	10.84B	5.92B	7.72B	9.31B
Accounts Payable	9.51B	8.32B	6.68B	6.97B	6.83B	2.84B	4.15B	3.55B
Short-Term Debt	270.00M	8.00M	1.00B	48.00M	677.00M	20.00M	20.00M	2.65B
Total Liabilities	92.48B	78.95B	68.98B	64.49B	65.83B	62.99B	64.30B	56.90B
Long-Term Debt	69.74B	59.70B	51.36B	48.25B	49.01B	51.41B	51.00B	43.37B
Total Debt	71.61B	60.56B	53.22B	49.11B	50.57B	52.33B	52.02B	46.03B
Net Debt (Cash)	70.34B	60.25B	53.06B	48.85B	50.23B	51.96B	51.73B	45.61B
Total Shareholders' Equity	34.37B	35.12B	36.68B	33.03B	31.30B	18.54B	21.92B	20.56B
Common Stock	30.93B	31.20B	30.20B	26.96B	25.23B	18.53B	21.93B	20.61B
Retained Earnings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current Ratio	1.22	1.12	1.10	1.17	0.97	1.07	0.97	0.73
Debt to Equity Ratio	2.08	1.72	1.45	1.49	1.62	2.82	2.37	2.24

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Energy Transfer LP

Energy Transfer LP functions as a comprehensive provider of energy infrastructure and associated services. The company operates extensive natural gas networks, including approximately 11,600 miles of intrastate transportation pipelines and an additional 19,830 miles dedicated to interstate transport. Its natural gas storage capabilities encompass three facilities in Texas and another two spanning Texas and Oklahoma. Energy Transfer supplies natural gas to a diverse range of customers, such as electric utilities, independent power producers, local distribution companies, other marketing firms, and various industrial end-users. Beyond transportation, the firm manages substantial infrastructure for gathering, processing, treating, and conditioning natural gas and natural gas liquids (NGLs) across a broad geographic area that includes Texas, New Mexico, West Virginia, Pennsylvania, Ohio, Oklahoma, Arkansas, Kansas, and Louisiana. This infrastructure also covers natural gas gathering systems in Ohio, and integrated natural gas gathering, oil pipeline, and oil stabilization facilities situated in South Texas. Additionally, the company provides water transport and supply services to natural gas producers in Pennsylvania. In the NGL sector, Energy Transfer possesses approximately 5,215 miles of NGL pipelines, along with facilities for NGL and propane fractionation. Its NGL storage solutions include facilities with a working capacity of around 50 million barrels (MMBbls), supplemented by additional storage assets and terminals totaling about 17 MMBbls. The company is actively involved in the transportation, terminalling, acquisition, and marketing of crude oil, as well as the distribution of refined petroleum products like gasoline, middle distillates, and motor fuels. Complementing these primary operations, Energy Transfer offers specialized services such as natural gas compression, removal of carbon dioxide and hydrogen sulfide, natural gas cooling, dehydration, and British thermal unit (BTU) management. Furthermore, its operations extend to managing coal and other natural resource properties, selling standing timber, leasing coal-related infrastructure, collecting oil and gas royalties, and generating electrical power. Established in 1996 and headquartered in Dallas, Texas, the company officially adopted its current name, Energy Transfer LP, in October 2018, having previously been known as Energy Transfer Equity, L.P.

Dallas, TX

22,311 employees

energytransfer.com

Energy / Oil & Gas Midstream

Sector: Energy
Industry: Oil & Gas Midstream
CEO: Marshall S. McCrea

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