Energy Transfer (ET-PI) Cost of Revenue (2009 - 2026)

Energy Transfer (ET-PI) has reported Cost of Revenue for 18 consecutive years, with $21.1 billion the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $21.1 billion, up 35.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $69.1 billion (up 13.33% YoY), and the FY2025 annual result was $63.5 billion, up 2.45% from the prior year.
• Cost of Revenue was $21.1 billion for Q1 2026 at Energy Transfer, up from $19.4 billion in the prior quarter.
• Over five years, Cost of Revenue peaked at $21.5 billion in Q2 2022 and troughed at $13.9 billion in Q2 2025.
• A 5-year average of $16.4 billion and a median of $15.8 billion in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 87.01% — and 2023, when it tumbled 34.5%.
• Year by year, Cost of Revenue stood at $16.1 billion in 2022, then fell by 1.76% to $15.8 billion in 2023, then decreased by 10.29% to $14.2 billion in 2024, then soared by 37.15% to $19.4 billion in 2025, then rose by 8.93% to $21.1 billion in 2026.
• Per Business Quant, the three latest ET-PI Cost of Revenue figures stand at $21.1 billion (Q1 2026), $19.4 billion (Q4 2025), and $14.6 billion (Q3 2025).