Energy Transfer LP (ET) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 22.26B | 18.23B | 17.44B | 13.67B | 15.24B | 14.2B | 13.34B | 13.41B | 15.02B | 12.43B | 13.42B | 10.6B | 11.37B | 12.08B | 12.16B | 15.43B | 15.7B | 10.54B | 9.05B | 8.21B |
| Cash & Short-Term Investments | 0 | 1.32B | 3.59B | 254M | 459M | 321M | 325M | 678M | 1.97B | 227M | 528M | 345M | 336M | 267M | 345M | 410M | 1.15B | 346M | 370M | 314M |
| Cash Only | 0 | 1.27B | 3.57B | 242M | 453M | 312M | 299M | 650M | 1.95B | 161M | 514M | 330M | 330M | 257M | 326M | 353M | 1.11B | 336M | 313M | 282M |
| Short-Term Investments | 0 | 52M | 20M | 12M | 6M | 9M | 26M | 28M | 27M | 66M | 14M | 15M | 6M | 10M | 19M | 57M | 41M | 10M | 57M | 32M |
| Accounts Receivable | 0 | 11.45B | 10.04B | 10.1B | 11.52B | 10.33B | 10.03B | 9.68B | 9.82B | 9.21B | 9.71B | 7.38B | 8.38B | 8.56B | 8.68B | 10.29B | 10.04B | 7.71B | 6.54B | 5.94B |
| Days Sales Outstanding | - | 44.11 | 46.44 | 51.14 | 46.79 | 47.95 | 43.66 | 42.8 | 40.04 | 42.41 | 37.92 | 39.14 | 40.12 | 38.68 | 38.03 | 35.64 | 38.97 | 35.13 | 34.46 | 34.1 |
| Inventory | 0 | 4.99B | 3.27B | 2.79B | 2.79B | 3.07B | 2.5B | 2.62B | 2.27B | 2.68B | 2.59B | 2.27B | 2.05B | 2.46B | 2.49B | 2.22B | 1.98B | 2.01B | 1.81B | 1.66B |
| Days Inventory Outstanding | - | 22.83 | 19.16 | 15.34 | 15.62 | 16.6 | 13.89 | 13.22 | 12.7 | 14.44 | 13.03 | 12.94 | 12.97 | 13.16 | 11.11 | 8.46 | 10.52 | 11.27 | 11.35 | 12.78 |
| Other Current Assets | 22.26B | 472M | 539M | 531M | 473M | 159M | 501M | 452M | 985M | 308M | 606M | 614M | 616M | 412M | 664M | 2.58B | 2.57B | 257M | 326M | 321M |
| Total Non-Current Assets | 125.22B | 123.51B | 111.89B | 111.35B | 111.19B | 111.18B | 111.09B | 107.93B | 100.77B | 101.27B | 94.15B | 94.53B | 93.15B | 93.56B | 93.58B | 93.33B | 93.49B | 95.43B | 87.65B | 88.03B |
| Property, Plant & Equipment | 105.98B | 103.98B | 96.91B | 96.36B | 96.07B | 96.02B | 95.85B | 92.74B | 85.91B | 86.18B | 81.69B | 81.97B | 80.82B | 81.13B | 81.08B | 80.69B | 80.86B | 82.44B | 75.1B | 75.39B |
| Fixed Asset Turnover | 0.26x | 0.22x | 0.21x | 0.20x | 0.22x | 0.20x | 0.22x | 0.23x | 0.25x | 0.24x | 0.25x | 0.23x | 0.23x | 0.25x | 0.28x | 0.32x | 0.25x | 0.24x | 0.22x | 0.20x |
| Goodwill | 5.61B | 5.45B | 3.9B | 3.9B | 3.9B | 3.9B | 3.91B | 3.91B | 3.89B | 4.02B | 2.56B | 2.56B | 2.57B | 2.57B | 2.55B | 2.55B | 2.53B | 2.53B | 2.4B | 2.39B |
| Intangible Assets | 7.29B | 7.44B | 5.66B | 5.77B | 5.89B | 5.97B | 6.1B | 6.2B | 6.11B | 6.24B | 5.2B | 5.3B | 5.32B | 5.42B | 5.5B | 5.61B | 5.61B | 5.86B | 5.47B | 5.56B |
| Long-Term Investments | 3.65B | 3.8B | 3.27B | 3.24B | 3.26B | 3.27B | 3.27B | 3.24B | 3.09B | 3.22B | 2.99B | 3.01B | 2.86B | 2.89B | 2.87B | 2.92B | 2.92B | 2.95B | 2.96B | 3.02B |
| Other Non-Current Assets | 2.69B | 2.38B | 2.15B | 2.07B | 2.07B | 2.02B | 1.97B | 1.84B | 1.77B | 1.73B | 1.69B | 1.69B | 1.58B | 1.56B | 1.57B | 1.56B | 1.57B | 1.65B | 1.72B | 1.66B |
| Total Assets | 147.48B | 141.74B | 129.33B | 125.02B | 126.42B | 125.38B | 124.43B | 121.34B | 115.79B | 113.7B | 107.57B | 105.13B | 104.52B | 105.64B | 105.73B | 108.77B | 109.19B | 105.96B | 96.7B | 96.24B |
| Asset Turnover | 0.19x | 0.17x | 0.16x | 0.15x | 0.17x | 0.16x | 0.17x | 0.17x | 0.19x | 0.19x | 0.20x | 0.17x | 0.18x | 0.19x | 0.21x | 0.24x | 0.19x | 0.18x | 0.17x | 0.16x |
| Asset Growth % | 16.66% | 13.05% | 3.94% | 3.04% | 9.19% | 10.27% | 15.67% | 15.42% | 10.78% | 7.62% | 1.74% | -3.34% | -4.28% | -0.3% | 9.35% | 13.02% | 13.48% | 11.37% | 1.58% | 0.35% |
| Total Current Liabilities | 19.04B | 14.96B | 12.41B | 11.85B | 13.57B | 12.66B | 12.37B | 11.71B | 12.72B | 11.28B | 12.76B | 13.01B | 10.16B | 10.37B | 11.24B | 13.47B | 13.72B | 10.84B | 9.83B | 8.55B |
| Accounts Payable | 0 | 9.51B | 7.34B | 7.51B | 9B | 8.32B | 7.38B | 7.48B | 7.56B | 6.68B | 8B | 6.18B | 6.94B | 6.97B | 7.52B | 8.91B | 8.65B | 6.83B | 5.71B | 5.02B |
| Days Payables Outstanding | - | 46.6 | 46.91 | 45.38 | 46.21 | 46.8 | 40.28 | 40.65 | 36.55 | 40.22 | 38.01 | 39.32 | 40.04 | 38.52 | 38.8 | 35.41 | 40.79 | 36.97 | 35.04 | 35.96 |
| Short-Term Debt | 220M | 270M | 8M | 6M | 7M | 8M | 263M | 257M | 1.18B | 1B | 1.01B | 3.46B | 2M | 0 | 2M | 2M | 652M | 677M | 678M | 674M |
| Deferred Revenue (Current) | 0 | 366M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 18.82B | 4.32B | 15M | 6M | 20M | 2.4B | 28M | 37M | 173M | 1.84B | 79M | 64M | 48M | 1.9B | 60M | 1.1B | 1.17B | 2.03B | 205M | 0 |
| Current Ratio | 1.17x | 1.22x | 1.41x | 1.15x | 1.12x | 1.12x | 1.08x | 1.14x | 1.18x | 1.10x | 1.05x | 0.81x | 1.12x | 1.17x | 1.08x | 1.15x | 1.14x | 0.97x | 0.92x | 0.96x |
| Quick Ratio | 1.17x | 0.89x | 1.14x | 0.92x | 0.92x | 0.88x | 0.88x | 0.92x | 1.00x | 0.86x | 0.85x | 0.64x | 0.92x | 0.93x | 0.86x | 0.98x | 1.00x | 0.79x | 0.74x | 0.77x |
| Cash Conversion Cycle | - | 20.35 | 18.68 | 21.1 | 16.21 | 17.75 | 17.27 | 15.37 | 16.19 | 16.63 | 12.94 | 12.76 | 13.06 | 13.32 | 10.34 | 8.69 | 8.7 | 9.44 | 10.77 | 10.92 |
| Total Non-Current Liabilities | 78.45B | 77.53B | 69.78B | 67.32B | 66.27B | 66.29B | 65.46B | 63.74B | 58.6B | 57.7B | 53.76B | 50.66B | 53.2B | 54.12B | 53.43B | 54.04B | 54.65B | 55B | 50.73B | 51.64B |
| Long-Term Debt | 69.32B | 69.74B | 63.1B | 60.75B | 59.78B | 59.7B | 58.99B | 57.36B | 52.3B | 51.36B | 47.08B | 44.67B | 47.23B | 48.25B | 47.41B | 48.1B | 48.83B | 49.01B | 44.79B | 45.61B |
| Capital Lease Obligations | 1.57B | 1.6B | 803M | 754M | 752M | 781M | 742M | 750M | 696M | 797M | 775M | 786M | 791M | 808M | 794M | 801M | 809M | 824M | 799M | 812M |
| Deferred Tax Liabilities | 5.59B | 5.76B | 4.26B | 4.2B | 4.18B | 4.19B | 4.11B | 4B | 4.01B | 3.93B | 3.89B | 3.84B | 3.76B | 3.7B | 3.66B | 3.61B | 3.54B | 3.65B | 3.68B | 3.62B |
| Other Non-Current Liabilities | 1.97B | 426M | 1.61B | 1.61B | 1.56B | 1.62B | 1.61B | 1.63B | 1.6B | 1.61B | 2.02B | 1.36B | 1.42B | 1.36B | 1.56B | 1.52B | 1.48B | 1.52B | 1.46B | 1.6B |
| Total Liabilities | 97.49B | 92.48B | 82.19B | 79.17B | 79.84B | 78.95B | 77.83B | 75.45B | 71.32B | 68.98B | 66.51B | 63.67B | 63.36B | 64.49B | 64.67B | 67.51B | 68.37B | 65.83B | 60.57B | 60.19B |
| Total Debt | 70.89B | 71.61B | 63.97B | 61.58B | 60.61B | 60.56B | 60.06B | 58.43B | 54.23B | 53.22B | 48.9B | 48.96B | 48.07B | 49.11B | 48.25B | 48.95B | 50.33B | 50.57B | 46.32B | 47.15B |
| Net Debt | 70.89B | 70.34B | 60.4B | 61.33B | 60.15B | 60.25B | 59.77B | 57.78B | 52.28B | 53.06B | 48.39B | 48.63B | 47.74B | 48.85B | 47.93B | 48.6B | 49.22B | 50.23B | 46B | 46.87B |
| Debt / Equity | 1.42x | 1.45x | 1.36x | 1.34x | 1.30x | 1.30x | 1.29x | 1.27x | 1.22x | 1.19x | 1.19x | 1.18x | 1.17x | 1.19x | 1.18x | 1.19x | 1.23x | 1.26x | 1.28x | 1.31x |
| Debt / EBITDA | 15.52x | 20.49x | 17.82x | 16.15x | 15.71x | 16.58x | 17.14x | 16.64x | 14.92x | 16.02x | 14.64x | 16.91x | 15.40x | 17.13x | 16.07x | 15.50x | 17.51x | 18.95x | 19.46x | 18.58x |
| Net Debt / EBITDA | 15.52x | 20.12x | 16.82x | 16.09x | 15.59x | 16.49x | 17.05x | 16.46x | 14.39x | 15.97x | 14.49x | 16.79x | 15.30x | 17.04x | 15.96x | 15.38x | 17.13x | 18.82x | 19.33x | 18.47x |
| Interest Coverage | 2.23x | 3.12x | 2.55x | 2.78x | 3.18x | 2.96x | 2.84x | 3.91x | 3.45x | 3.16x | 3.53x | 2.88x | 3.33x | 3.05x | 3.57x | 3.66x | 3.84x | 3.07x | 2.58x | 2.84x |
| Total Equity | 49.99B | 49.26B | 47.14B | 45.86B | 46.58B | 46.43B | 46.6B | 45.89B | 44.47B | 44.72B | 41.06B | 41.46B | 41.16B | 41.15B | 41.06B | 41.26B | 40.82B | 40.13B | 36.13B | 36.05B |
| Equity Growth % | 7.32% | 6.09% | 1.17% | -0.07% | 4.75% | 3.84% | 13.49% | 10.69% | 8.02% | 8.66% | -0% | 0.48% | 0.84% | 2.55% | 13.64% | 14.44% | 16.56% | 24.81% | 12.75% | 7.16% |
| Book Value per Share | 14.46 | 13.50 | 12.95 | 13.28 | 13.49 | 13.46 | 13.54 | 13.52 | 13.12 | 13.57 | 12.96 | 13.17 | 13.21 | 13.26 | 13.21 | 13.28 | 13.17 | 14.18 | 13.28 | 13.26 |
| Total Shareholders' Equity | 34.46B | 34.37B | 34.68B | 34.78B | 35.32B | 35.12B | 35.24B | 34.31B | 35.94B | 36.68B | 33.13B | 33.55B | 33.15B | 33.03B | 32.83B | 32.59B | 32B | 31.3B | 27.42B | 27.26B |
| Common Stock | 31B | 30.93B | 31.22B | 31.36B | 31.36B | 31.2B | 31.31B | 30.41B | 30.27B | 30.2B | 27.01B | 27.49B | 27.06B | 26.96B | 26.73B | 26.51B | 25.88B | 25.23B | 21.73B | 21.58B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 72M | 82M | 68M | 65M | 64M | 73M | 42M | 48M | 41M | 28M | 29M | 24M | 13M | 16M | 32M | 29M | 43M | 23M | 19M | 26M |
| Minority Interest | 15.53B | 14.89B | 12.46B | 11.08B | 11.26B | 11.31B | 11.36B | 11.57B | 8.53B | 8.03B | 7.93B | 7.9B | 8.01B | 8.13B | 8.23B | 8.67B | 8.82B | 8.82B | 8.72B | 8.79B |