← Energy Transfer LP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Accounts receivable from related companies $47.0m $53.0m $111.0m $159.0m $79.0m $54.0m $93.0m $101.0m $87.0m $119.0m
Accounts receivable, net $3.6b $4.5b $4.0b $5.0b $3.9b $7.7b $8.5b $9.0b $10.2b $11.3b
Cash and Cash Equivalents, at Carrying Value $463.0m $336.0m $419.0m $291.0m $367.0m $336.0m $257.0m $161.0m $312.0m $1.3b
Cash and cash equivalents $483.0m $336.0m $419.0m $291.0m $367.0m $336.0m $257.0m $161.0m $312.0m $1.3b
Income taxes receivable $128.0m $136.0m $73.0m $146.0m $35.0m $32.0m $68.0m $67.0m $56.0m $57.0m
Other current assets $586.0m $295.0m $350.0m $275.0m $213.0m $437.0m $726.0m $513.0m $477.0m $688.0m
Inventory, Net $2.1b $2.0b $1.7b $1.9b $1.7b $2.0b $2.5b $2.5b $3.1b $4.8b
Assets, Current $7.0b $10.7b $6.8b $7.9b $6.3b $10.5b $12.1b $12.4b $14.2b $18.2b
Total current assets $7.0b $10.7b $6.8b $7.9b $6.3b $10.5b $12.1b $12.4b $14.2b $18.2b
Property, Plant and Equipment, Net $53.3b $61.1b $67.0b $74.2b $75.1b $81.6b $80.3b $85.4b $95.2b $102.1b
Goodwill $5.2b $4.8b $4.9b $5.2b $2.4b $2.5b $2.6b $4.0b $3.9b $5.5b
Intangible Assets, Net (Excluding Goodwill) $5.5b $6.1b $6.0b $6.2b $5.7b $5.9b $5.4b $6.2b $6.0b $7.4b
Intangible assets, net $6.0b $6.1b $6.0b $6.2b $5.7b $5.9b $5.4b $6.2b $6.0b $7.4b
Lease right-of-use assets, net — — — — $866.0m $838.0m $819.0m $826.0m $809.0m $1.8b
Operating Lease, Right-of-Use Asset — — $1.0b $1.0b $1.0b — — — — —
Other Assets, Noncurrent $816.0m $886.0m $1.0b $1.1b $1.7b $1.6b $1.6b $1.7b $2.0b $2.6b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $3.6b $4.5b $4.0b $5.0b $3.9b $7.7b $8.5b $9.0b — —
Accrued and other current liabilities $2.4b $2.6b $2.9b $3.3b $2.8b $3.1b $3.3b $3.5b $4.2b $5.2b
Accumulated depreciation and depletion ($8.3b) ($10.1b) ($12.8b) ($15.6b) ($19.0b) ($22.4b) ($25.7b) ($29.6b) ($34.0b) ($39.1b)
Common Unitholders (3,439,986,779 and 3,431,088,022 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively) ($1.9b) ($1.6b) $20.6b $21.8b $18.5b $25.2b $27.0b $30.2b $31.2b $30.9b
Derivative assets $21.0m $24.0m $111.0m $23.0m $9.0m $10.0m $10.0m $66.0m $9.0m $52.0m
Derivative liabilities $172.0m $111.0m $185.0m $147.0m $238.0m $203.0m $23.0m $8.0m $15.0m $10.0m
General Partner ($3.0m) ($3.0m) ($5.0m) ($4.0m) ($8.0m) ($4.0m) ($2.0m) ($2.0m) ($2.0m) ($2.0m)
Investments in unconsolidated affiliates $3.0b $2.7b $2.6b $3.5b $3.1b $2.9b $2.9b $3.1b $3.3b $3.6b
Non-current operating lease liabilities — — $0 $901.0m $837.0m $814.0m $798.0m $778.0m $730.0m $1.5b
Operating lease current liabilities — — $0 $60.0m $53.0m $47.0m $45.0m $56.0m $67.0m $245.0m
Other non-current assets, net $818.0m $886.0m $1.0b $1.1b $1.7b $1.6b $1.6b $1.7b $2.0b $2.6b
Other non-current liabilities $1.1b $1.2b $1.2b $1.2b $1.2b $1.3b $1.3b $1.6b $1.6b $1.9b
Partners' Capital ($1.7b) ($1.2b) $20.6b $21.8b $18.5b $31.3b $33.0b $36.7b $35.1b $34.4b
Preferred Unitholders (44,398,959 and 44,898,959 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively) $180.0m $450.0m $0 — $0 $6.1b $6.1b $6.5b $3.9b $3.4b
AOCI, Debt Securities, Available-for-sale, Adjustment, after Tax $2.0m $8.0m $2.0m $13.0m $18.0m $19.0m $9.0m $13.0m $20.0m $30.0m
Total equity $22.5b $30.0b $30.9b $33.8b $31.4b $39.3b $40.7b $43.9b $46.0b $49.0b
Total partners’ capital ($1.7b) ($1.2b) $20.6b $21.8b $18.5b $31.3b $33.0b $36.7b $35.1b $34.4b
Assets $79.0b $86.2b $88.2b $98.9b $95.1b $106.0b $105.6b $113.7b $125.4b $141.3b
Total assets $79.0b $86.2b $88.2b $98.9b $95.1b $106.0b $105.6b $113.7b $125.4b $141.3b
LIABILITIES AND EQUITY
Current liabilities:
Accounts Payable, Current $3.5b $4.7b $3.5b $4.1b $2.8b $6.8b $7.0b $6.7b $8.3b $9.5b
Current maturities of long-term debt $1.2b $413.0m $2.7b $26.0m $21.0m $680.0m $2.0m $1.0b $8.0m $25.0m
Long-term Debt, Current Maturities $1.2b $413.0m $2.7b $26.0m $21.0m $680.0m $2.0m $1.0b $8.0m $25.0m
Long-term Debt, Excluding Current Maturities $42.6b $43.7b $43.4b $51.0b $51.4b $49.0b $48.3b $51.4b $59.8b $68.3b
Long-term debt, less current maturities $42.6b $43.7b $43.4b $51.0b $51.4b $49.0b $48.3b $51.4b $59.8b $68.3b
Operating Lease, Liability, Current — — $0 $60.0m $53.0m $47.0m $45.0m $56.0m $67.0m $245.0m
Operating Lease, Liability, Noncurrent — — $0 $901.0m $837.0m $814.0m $798.0m $778.0m $730.0m $1.5b
Liabilities, Current $7.3b $7.9b $9.3b $7.7b $5.9b $10.8b $10.4b $11.3b $12.7b $15.0b
Total current liabilities $7.3b $7.9b $9.3b $7.7b $5.9b $10.8b $10.4b $11.3b $12.7b $15.0b
Deferred Income Tax Liabilities, Net — — — — — — — — $4.2b $5.3b
Other Liabilities, Noncurrent $1.1b $1.2b $1.2b $1.2b $1.2b $1.3b $1.3b $1.6b $1.6b $1.9b
Deferred Tax Liabilities, Net $5.1b $3.3b $2.9b $3.2b $3.4b $3.6b $3.7b $3.9b $4.2b $5.3b
Redeemable Noncontrolling Interest, Equity, Carrying Amount — — — — — — — — — $250.0m
Redeemable noncontrolling interests $15.0m $21.0m $499.0m $739.0m $762.0m $783.0m $493.0m $778.0m $417.0m $250.0m
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax $0 $0 ($42.0m) ($11.0m) $6.0m $23.0m $16.0m $28.0m $73.0m $82.0m
Accumulated other comprehensive income — $0 ($42.0m) ($11.0m) $6.0m $23.0m $16.0m $28.0m $73.0m $82.0m
Noncontrolling interests $24.2b $31.2b $10.3b $12.0b $12.9b $8.0b $7.6b $7.3b $10.9b $14.6b
Partners' Capital, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — $49.0b
Stockholders' Equity Attributable to Noncontrolling Interest $24.2b $31.2b $10.3b $12.0b $12.9b $8.0b $7.6b $7.3b $10.9b $14.6b
Liabilities and Equity $79.0b $86.2b $88.2b $98.9b $95.1b $106.0b $105.6b $113.7b $125.4b $141.3b
Total liabilities and equity $79.0b $86.2b $88.2b $98.9b $95.1b $106.0b $105.6b $113.7b $125.4b $141.3b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.