Energy Transfer LP (ET) revenue breakdown
By segment, Crude Oil Transportation and Services is the largest at 40% of fiscal 2024 revenue, growing 31% a year over 5 years.
By product, Refined product sales is the largest at 28% of fiscal 2025 revenue; NGL sales grew fastest, 16% a year over 9 years.
Revenue by segment
Fiscal years, as Energy Transfer LP reports them in its 10-K filings; fiscal 2024 total $70.5B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2021 | 2024 | Share |
|---|---|---|---|---|---|---|---|
| Crude Oil Transportation and Services | $7.5B | $11.7B | $17.3B | $18.4B | $17.4B | $28.5B | 40% |
| Investment in Sunoco LP | — | — | — | — | — | $22.7B | 32% |
| Midstream | — | — | — | — | $11.3B | $11.2B | 16% |
| Intrastate Transportation and Storage | — | — | — | — | — | $3.1B | 4% |
| Interstate Transportation and Storage | $1.2B | $1.1B | $1.7B | $2.0B | $1.8B | $2.3B | 3% |
| All Other | $3.3B | $2.9B | — | $1.7B | $3.5B | $1.7B | 2% |
| Investment in USAC | — | — | — | — | — | $950M | 1% |
| NGL and Refined Products Transportation and Services | $6.4B | $8.6B | $11.1B | $11.6B | $20.0B | — | — |
| Investment in Sunoco LP | $10.0B | $11.7B | $17.0B | $16.6B | — | — | — |
| Midstream | $5.2B | $6.9B | — | — | — | — | — |
| Intrastate Transportation and Storage | $2.6B | $3.1B | — | $3.1B | — | — | — |
| Investment in USAC | — | — | — | $698M | — | — | — |
| Intersegment Eliminations | -$4.4B | -$5.6B | — | — | — | — | — |
Revenue by product
Fiscal years, as Energy Transfer LP reports them in its 10-K filings; fiscal 2025 total $85.5B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Refined product sales | $10.1B | $11.2B | $17.5B | $16.8B | $10.5B | $17.8B | $26.0B | $23.4B | $22.1B | $24.2B | 28% |
| Crude sales | $7.2B | $10.7B | $14.4B | $15.9B | $9.4B | $15.3B | $23.5B | $23.5B | $25.4B | $23.5B | 27% |
| NGL sales | $4.8B | $7.8B | $10.0B | $8.3B | $6.8B | $15.2B | $20.1B | $16.0B | $19.1B | $19.0B | 22% |
| Gathering, transportation and other fees | $4.2B | $4.4B | $6.8B | $9.1B | $9.0B | $9.2B | $10.9B | $11.4B | $12.0B | $12.4B | 15% |
| Natural gas sales | $3.6B | $4.2B | $4.5B | $3.3B | $2.6B | $9.2B | $8.5B | $3.3B | $2.7B | $4.7B | 5% |
| Other | $1.9B | $2.3B | $969M | $873M | $586M | $721M | $827M | $1.1B | $1.4B | $1.7B | 2% |
Questions
Where does Energy Transfer LP make its money?
In fiscal 2024, by segment: Crude Oil Transportation and Services $28.5B, Investment in Sunoco LP $22.7B, Midstream $11.2B, Intrastate Transportation and Storage $3.1B, Interstate Transportation and Storage $2.3B.
From Energy Transfer LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.