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ET

Energy Transfer·NYSE
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ET fundamentals

Energy Transfer (ET) released its earnings on Feb 17, 2026: revenue was 25.32B (YoY +29.57%), beat estimates; EPS was 0.25 (YoY -13.79%), missed estimates.
Revenue / YoY
25.32B
+29.57%
EPS / YoY
0.25
-13.79%
Report date
Feb 17, 2026
ET Earnings Call Summary for Q4,2025
  • Record Growth: 2025 adjusted EBITDA up 3% YoY to $16 billion, with Q4 at $4.2 billion, driven by NGL and midstream volume increases.
  • Major Projects: Desert Southwest (DSW) pipeline (48-inch, 2.3 Bcf/day) on track for Q4 2029 in-service, with 50%+ contracted volumes. Hugh Brinson pipeline 75% complete, targeting Q4 2026.
  • Data Center Expansion: Over 150 projects in pipeline, 190 Mmcfd contracted in Oklahoma. Storage capacity expanded to 230 Bcf for 99.99% reliability.
  • Financial Strength: 2026 EBITDA guidance of $17.45-17.85 billion, supported by project ramp-ups and cost control. Targeting 3-5% annual distribution growth.
  • Regulatory Recovery: One-time $56 million NGL gain offset by $58 million hedge loss, with full recovery expected Q1 2026.

Earnings

EPS
Revenue

Revenue & Expenses

ET has released its 2025 Q4 earnings report, with revenue of 25.32B, reflecting a YoY change of 29.57%, and net profit of 1.24B, showing a YoY change of -14.44%. The Sankey diagram below clearly presents ET's revenue sources and cost distribution.

Key Indicators

Energy Transfer (ET) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Energy Transfer (ET)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Breakdown

Balance Sheet

Energy Transfer (ET)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Cash Flow

Energy Transfer (ET)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Revenue Breakdown

Where does Energy Transfer (ET) generate its revenue? Explore its key revenue streams and top earning regions.
By Business
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By Region
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Dividend

Track Energy Transfer (ET) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield