Energy Transfer LP (ET) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ET Revenue Growth
Revenue Breakdown (FY 2024)
ET's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
ET Revenue Analysis (2014–2025)
As of May 8, 2026, Energy Transfer LP (ET) generated trailing twelve-month (TTM) revenue of $89.38 billion, reflecting explosive growth of +32.1% year-over-year. The most recent quarter (Q1 2026) recorded $27.77 billion in revenue, up 23.9% sequentially.
Looking at the longer-term picture, ET's 5-year compound annual growth rate (CAGR) stands at +16.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $89.88 billion in 2022.
Revenue diversification analysis shows ET's business is primarily driven by Oil and Gas (31%), Oil and Gas, Refining and Marketing (27%), and NGL sales (23%).
When compared to Energy sector peers including EPD (-6.4% YoY), PAA (-11.3% YoY), and WES (+11.4% YoY), ET has outperformed the peer group in terms of revenue growth. Compare ET vs EPD →
ET Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ETCurrent | $89.4B | +32.1% | +16.2% | 11.4% | |
 EPD | $52.6B | -6.4% | +14.1% | 13.1% | |
 PAA | $50.1B | -11.3% | +8.3% | 2.4% | |
 WES | $3.8B | +11.4% | +6.7% | 41.3% | |
 MPLX | $11.8B | +12.1% | +7.1% | 40.3% | |
 KMI | $16.9B | +13.1% | +8.1% | 28.4% |
ET Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $82.63B | -0.1% | $18.01B | 21.8% | $9.44B | 11.4% |
| 2024 | $82.67B | +5.2% | $15.69B | 19.0% | $9.14B | 11.1% |
| 2023 | $78.59B | -12.6% | $13.80B | 17.6% | $8.29B | 10.6% |
| 2022 | $89.88B | +33.3% | $13.31B | 14.8% | $7.74B | 8.6% |
| 2021 | $67.42B | +73.1% | $13.45B | 19.9% | $8.79B | 13.0% |
| 2020 | $38.95B | -28.1% | $10.25B | 26.3% | $2.98B | 7.6% |
| 2019 | $54.21B | +0.2% | $11.12B | 20.5% | $7.20B | 13.3% |
| 2018 | $54.09B | +33.5% | $9.39B | 17.4% | $5.40B | 10.0% |
| 2017 | $40.52B | +8.0% | $6.91B | 17.1% | $2.71B | 6.7% |
| 2016 | $37.50B | -11.0% | $5.90B | 15.7% | $1.85B | 4.9% |
Full ET Stock Analysis
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Start ComparisonET — Frequently Asked Questions
Quick answers to the most common questions about buying ET stock.
Is ET's revenue growth accelerating or slowing?
ET revenue is accelerating at +32.1% year-over-year, exceeding the 5-year CAGR of +16.2%. TTM revenue reached $89.4B. Growth momentum has increased versus prior periods.
What is ET's long-term revenue growth rate?
Energy Transfer LP's 5-year revenue CAGR of +16.2% reflects the sustained expansion pattern. Current YoY growth of +32.1% is above this long-term average.
How is ET's revenue distributed by segment?
ET reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.