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This statistic highlights Energy Transfer’s Revenue by Business Vertical, across Refined product sales, NGL sales, Crude sales, Gathering, transportation and other fees and Natural gas sales
|Business Vertical||Q4 2020||Q3 2021||Q4 2021||Contrubution in Q4 2021|
|Refined product sales||$2.56||$4.81||$5.03||27.0%|
|Gathering, transportation and other fees||$2.17||$2.27||$2.43||13.0%|
|Natural gas sales||$0.85||$1.37||$1.65||8.9%|
(All figures are in billions, except percentages)
Energy Transfer’s total revenue increased from $10.02 billion earned in Q4 2020 to $18.65 billion earned in Q4 2021, marking an 86.12% growth on a year-on-year basis. It increased by 12% on a quarterly basis, when compared to $16.65 billion in Q3 2021.
Energy Transfer’s revenue is further bifurcated into the following business vertical:
Refined product sales
The majority of Energy Transfer’s revenue is generated through the Refined product sales segment, accounting for 27% of the company’s revenue in Q4 2021, amounting to $5.03 billion. It grew by 96.4% yearly, when compared to $2.56 billion earned in Q4 2020 and by 4.5% quarterly, when compared to $4.81 billion in Q3 2021.
The company’s NGL operations transport, store and execute acquisition and marketing activities, utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGL markets.
Energy Transfer’s revenue from NGL sales increased by 144%, from $2.04 billion in Q4 2020 to $4.97 billion in Q4 2021, on a year-on-year basis. It also grew by 24.25% on a quarterly basis, when compared to $4.00 billion earned in Q3 2021. This segment contributes 26.6% to the company’s total revenue.
Energy Transfer’s crude oil activities serve crude oil markets in the southwest, midwest, northern, and northeastern United States by providing transportation (by pipeline and trucks), terminals, and acquisition and marketing services. It owns and operates nearly 11,315 miles of crude oil trunk and gathering pipelines in the southwestern, northwestern, and midwestern United States through its crude oil transportation and services division.
In Q4 2021, Energy Transfer’s Crude sales revenue was $4.38 billion, accounting for 23.5% of the company’s revenue. It increased by 93% yearly, when compared to $2.27 billion earned in Q4 2020 and by 9% quarterly, when compared to $4.02 billion earned in Q3 2021.
Gathering, transportation and other fees
Energy Transfer’s revenue from Gathering, transportation, and other fees segment increased from $2.17 billion in Q4 2020 to $2.43 billion in Q4 2021, marking a 12% increase on a year-on-year basis. It also grew by 7% quarterly, when compared to $2.27 billion in Q3 2021. This vertical accounts for 13% of the total revenue of the company.
Natural gas sales
In Q4 2021, Energy Transfer’s natural gas sales revenue was $1.65 billion. It increased by 90.5% yearly, when compared to $0.85 billion earned in Q4 2020 and by 20.4% quarterly, when compared to $1.37 billion earned in Q3 2021. This vertical accounts for 8.9% of the company’s total revenue.
Energy Transfer’s Other sales revenue amounted to $0.19 billion in Q4 2021. It increased by 53% yearly, when compared to $0.13 billion earned in Q4 2020 and by 0.5% quarterly, when compared to $0.18 billion earned in Q3 2021. This vertical accounts for 1.1% of the company’s total revenue.
Energy Transfer LP is a Delaware limited partnership that trades its common units on the NYSE under the symbol “ET”. The company’s key activities in the United States and Canada, as well as the operating companies through which it undertakes activities include operations involving natural gas, such as natural gas midstream and intrastate transportation and storage; natural gas interstate transportation and storage; and crude oil, NGL, and refined products transportation, terminal ling, acquisition, and marketing activities, as well as NGL storage and fractionation services. It also has assets in other companies, such as Sunoco LP and USAC, which are both publicly traded master limited partnerships. Energy Transfer generates cash flow via dividends from its subsidiaries, Sunoco LP and USAC, among others.
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