Energy Transfer LP (ET) Earnings History
Profitable22 years of earnings data (2004–2025) · Positive TTM net income
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Energy Transfer LP (ET) Earnings Overview
As of June 21, 2026, Energy Transfer LP (ET) reported trailing twelve-month net income of $5.55B, reflecting +5.5% year-over-year growth. The company earned $1.61 per diluted share over the past four quarters, with a net profit margin of 5.9%.
Looking at the long-term picture, ET's historical earnings data spans multiple years. The company achieved its highest annual net income of $5.47B in fiscal 2021.
Energy Transfer LP maintains positive profitability with a gross margin of 21.8%, operating margin of 11.4%, and net margin of 5.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including EPD ($5.80B net income, 11.1% margin), PAA ($1.15B net income, 3.2% margin), WES ($1.21B net income, 30.4% margin), ET has room to improve margins relative to the peer group. Compare ET vs EPD →
ET Earnings vs Peers
Earnings metrics vs comparable public companies
ET Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.90B | +1.8% | $9.44B | $1.35 | 5.9% | 11.4% |
| 2024 | $4.81B | +22.3% | $9.14B | $1.28 | 5.8% | 11.1% |
| 2023 | $3.94B | -17.3% | $8.29B | $1.09 | 5.0% | 10.6% |
| 2022 | $4.76B | -13.1% | $7.74B | $1.40 | 5.3% | 8.6% |
| 2021 | $5.47B | +944.1% | $8.79B | $1.89 | 8.1% | 13.0% |
| 2020 | -$648M | -118.4% | $2.98B | $-0.24 | -1.7% | 7.7% |
| 2019 | $3.52B | +107.7% | $7.20B | $1.33 | 6.5% | 13.3% |
| 2018 | $1.69B | +77.6% | $5.40B | $1.16 | 3.1% | 10.0% |
| 2017 | $954M | -4.1% | $2.71B | $0.80 | 2.4% | 6.7% |
| 2016 | $995M | -16.3% | $1.85B | $0.92 | 2.7% | 4.9% |
| 2015 | $1.19B | +87.8% | $2.29B | $1.11 | 2.8% | 5.4% |
| 2014 | $633M | +223.0% | $2.47B | $0.57 | 1.1% | 4.4% |
| 2013 | $196M | -35.5% | $1.55B | $0.18 | 0.4% | 3.2% |
| 2012 | $304M | -1.9% | $1.36B | $0.28 | 1.8% | 8.0% |
| 2011 | $310M | +60.7% | $1.23B | $0.35 | 3.8% | 15.0% |
| 2010 | $193M | -56.4% | $1.04B | $0.22 | 2.9% | 15.7% |
| 2009 | $442M | +18.0% | $1.11B | $0.50 | 8.2% | 20.5% |
| 2008 | $375M | +17.4% | $1.10B | $0.42 | 4.0% | 11.8% |
| 2007 | $319M | +198.1% | $809M | $0.39 | 4.7% | 11.9% |
| 2006 | $107M | -27.0% | $576M | $0.20 | 1.4% | 7.3% |
| 2005 | $147M | -67.4% | $298M | $0.27 | 2.4% | 4.8% |
| 2004 | $450M | - | $131M | $0.85 | 19.2% | 5.6% |
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ET — Frequently Asked Questions
Quick answers to the most common questions about buying ET stock.
What is ET earnings per share (EPS)?
ET trailing twelve-month (TTM) diluted EPS is $1.61, reflecting +5.5% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2004 to 2025 is available in the table on this page.
What is Energy Transfer LP's net income?
Energy Transfer LP (ET) trailing twelve-month net income is $5.6B as of 2025. Earnings grew +5.5% year-over-year. Energy Transfer LP has been profitable for 5 consecutive years.
Is ET profitable?
Yes, ET is profitable with a TTM net income of $5.6B and a net profit margin of +5.9%. Energy Transfer LP has generated profits for 5 consecutive years.
What is ET's earnings growth rate?
ET compound annual EPS growth rates (CAGR): 1-Year: +5.5%, 3-Year: -1.2%, 5-Year: N/A, 10-Year: +2.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2004 to 2025.
What are ET's profit margins?
Energy Transfer LP net profit margin is +5.9%, operating margin is +11.4%, and gross margin is +21.8%. Margins are within a typical range for the sector. Return on Equity is +10.2%.
Is ET growing earnings?
ET is growing earnings steadily. YoY EPS growth of +5.5% is consistent with the 5-year CAGR of N/A. TTM net income is $5.6B.
What was ET's best earnings year?
Energy Transfer LP's highest annual net income on record is $5.5B, achieved in fiscal year 2021. Earnings history on this page spans 2004 to 2025 and includes all annual and quarterly figures.
What were ET's earnings last quarter?
ET's most recent reported quarter was Q1 2026. Net income was $2.0B with diluted EPS of $0.35. For a full breakdown of all quarters, see the quarterly earnings table on this page.