Energy Transfer (ET-PI) Operating Income (2009 - 2026)

Energy Transfer (ET-PI) posted Operating Income of $3.0 billion for Q1 2026, up 43.69% on a QoQ basis from $2.1 billion in Q4 2025, and up 19.75% year-over-year from $2.5 billion in Q1 2025.

Energy Transfer (ET-PI) Operating Income (2009 - 2026) Analysis & Trends

Energy Transfer (ET-PI) has reported Operating Income for 18 consecutive years, with $3.0 billion the latest figure, recorded in Q1 2026.

  • Operating Income for Q1 2026 came in at $3.0 billion, up 19.75% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.5 billion (up 2.92% YoY), and the FY2025 annual result was $9.0 billion, down 1.21% from the prior year.
  • Operating Income was $3.0 billion for Q1 2026 at Energy Transfer, up from $2.1 billion in the prior quarter.
  • Over five years, Operating Income peaked at $3.0 billion in Q1 2026 and troughed at $1.8 billion in Q4 2022.
  • A 5-year average of $2.2 billion and a median of $2.2 billion in 2023 frame the typical range for Operating Income.
  • Peak annual rise in Operating Income reached 37.3% in 2022, while the deepest fall reached 54.63% in 2022.
  • Year by year, Operating Income stood at $1.8 billion in 2022, then advanced by 19.88% to $2.2 billion in 2023, then gained by 5.27% to $2.3 billion in 2024, then retreated by 8.91% to $2.1 billion in 2025, then soared by 43.69% to $3.0 billion in 2026.
  • Per Business Quant, the three latest ET-PI Operating Income figures stand at $3.0 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.2 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.35 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.44 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.90 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.98 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 846.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.21 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 361.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.15 Bn
10 Energy Transfer - - 6.62 Bn 2.98 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.98 Bn
Dec 31, 2025 2.08 Bn
Sep 30, 2025 2.15 Bn
Jun 30, 2025 2.31 Bn
Mar 31, 2025 2.49 Bn
Dec 31, 2024 2.28 Bn
Sep 30, 2024 2.18 Bn
Jun 30, 2024 2.30 Bn
Mar 31, 2024 2.38 Bn
Dec 31, 2023 2.17 Bn
Sep 30, 2023 2.23 Bn
Jun 30, 2023 1.84 Bn
Mar 31, 2023 2.06 Bn
Dec 31, 2022 1.81 Bn
Sep 30, 2022 1.97 Bn
Jun 30, 2022 2.11 Bn
Mar 31, 2022 1.85 Bn
Dec 31, 2021 1.69 Bn
Sep 30, 2021 1.44 Bn
Jun 30, 2021 1.60 Bn