Energy Transfer (ET) Cost of Revenue (2009 - 2026)
Energy Transfer's (ET) quarterly Cost of Revenue came in at $26.9 billion in Q2 2026, up 93.14% on a YoY basis from $13.9 billion in Q2 2025, and up 27.36% quarter-over-quarter from $21.1 billion in Q1 2026.
Analysis
Energy Transfer (ET) Cost of Revenue (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has reported Cost of Revenue for 18 consecutive years, with $26.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 93.14% year-over-year to $26.9 billion; the trailing twelve-month figure through Jun 2026 stood at $82.1 billion (up 38.42% YoY), and the FY2025 full-year result was $63.5 billion, up 2.45% from the prior year.
- Cost of Revenue climbed to $26.9 billion in Q2 2026 per ET's latest filing, from $21.1 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $26.9 billion in Q2 2026 and bottomed at $13.9 billion in Q2 2025.
- Historically, Cost of Revenue has averaged $17.0 billion across 5 years, with a median of $15.9 billion in 2023.
- The sharpest annual moves came in 2023 and 2026: Cost of Revenue sank 34.5% in 2023, then soared 93.14% in 2026.
- Over 5 years, 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 soared by 38.73% to $26.9 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $26.9 billion, $21.1 billion, and $19.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 26.94 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 1.06 Bn |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 2.30 Bn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 15.96 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 1.29 Bn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.94 Bn |
| Mar 31, 2026 | 21.15 Bn |
| Dec 31, 2025 | 19.42 Bn |
| Sep 30, 2025 | 14.56 Bn |
| Jun 30, 2025 | 13.95 Bn |
| Mar 31, 2025 | 15.57 Bn |
| Dec 31, 2024 | 14.16 Bn |
| Sep 30, 2024 | 15.61 Bn |
| Jun 30, 2024 | 15.61 Bn |
| Mar 31, 2024 | 16.60 Bn |
| Dec 31, 2023 | 15.78 Bn |
| Sep 30, 2023 | 16.06 Bn |
| Jun 30, 2023 | 14.09 Bn |
| Mar 31, 2023 | 14.61 Bn |
| Dec 31, 2022 | 16.06 Bn |
| Sep 30, 2022 | 18.52 Bn |
| Jun 30, 2022 | 21.52 Bn |
| Mar 31, 2022 | 16.14 Bn |
| Dec 31, 2021 | 14.75 Bn |
| Sep 30, 2021 | 13.19 Bn |