Energy Transfer (ET) Cost of Revenue (2009 - 2026)
Energy Transfer's (ET) quarterly Cost of Revenue came in at $21.1 billion in Q1 2026, up 35.82% YoY from $15.6 billion in Q1 2025, and up 8.93% on a QoQ basis from $19.4 billion in Q4 2025.
Energy Transfer (ET) Cost of Revenue (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has 18 years of Cost of Revenue data on file, last reported at $21.1 billion in Q1 2026.
- Quarterly Cost of Revenue rose 35.82% year-over-year to $21.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $69.1 billion (up 13.33% YoY) and the FY2025 annual result came in at $63.5 billion, up 2.45% from the prior year.
- Cost of Revenue advanced to $21.1 billion in Q1 2026, from $19.4 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $21.5 billion in Q2 2022 to a low of $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 surged 87.01% — and 2023, when it plunged 34.5%.
- Tracing ET's Cost of Revenue over 5 years: stood at $16.1 billion in 2022, then dropped by 1.76% to $15.8 billion in 2023, then fell by 10.29% to $14.2 billion in 2024, then jumped by 37.15% to $19.4 billion in 2025, then grew by 8.93% to $21.1 billion in 2026.
- The last three Cost of Revenue figures came in at $21.1 billion (Q1 2026), $19.4 billion (Q4 2025), and $14.6 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.78 Bn | 109.29 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.22 Bn | 82.32 Bn | - | - |
| 4 | Energy Transfer | 72.29 Bn | 71.26 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.94 Bn | 58.38 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.24 Bn | 59.20 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.73 Bn | 59.57 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 58.90 Bn | 58.77 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.79 Bn | 54.54 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Venture Global | 34.05 Bn | 30.83 Bn | 2.92 Bn | 1.66 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.94 Bn |
| Jun 30, 2026 | 26.94 Bn |
| Mar 31, 2026 | 21.15 Bn |
| Mar 31, 2026 | 21.15 Bn |
| Dec 31, 2025 | 19.42 Bn |
| Dec 31, 2025 | 19.42 Bn |
| Sep 30, 2025 | 14.56 Bn |
| Sep 30, 2025 | 14.56 Bn |
| Jun 30, 2025 | 13.95 Bn |
| Jun 30, 2025 | 13.95 Bn |
| Mar 31, 2025 | 15.57 Bn |
| Mar 31, 2025 | 15.57 Bn |
| Dec 31, 2024 | 14.16 Bn |
| Dec 31, 2024 | 14.16 Bn |
| Sep 30, 2024 | 15.61 Bn |
| Sep 30, 2024 | 15.61 Bn |
| Jun 30, 2024 | 15.61 Bn |
| Jun 30, 2024 | 15.61 Bn |
| Mar 31, 2024 | 16.60 Bn |
| Mar 31, 2024 | 16.60 Bn |