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Energy Transfer (ET) Cost of Revenue (2016 - 2025)

Energy Transfer (ET) has disclosed Cost of Revenue for 17 consecutive years, with $19.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 37.15% year-over-year to $19.4 billion, compared with a TTM value of $63.5 billion through Dec 2025, up 2.45%, and an annual FY2025 reading of $63.5 billion, up 2.45% over the prior year.
  • Cost of Revenue was $19.4 billion for Q4 2025 at Energy Transfer, up from $14.6 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $19.4 billion in Q4 2025 and bottomed at $10.9 billion in Q1 2021.
  • Average Cost of Revenue over 5 years is $14.9 billion, with a median of $15.6 billion recorded in 2025.
  • The sharpest move saw Cost of Revenue skyrocketed 179.45% in 2021, then dropped 10.65% in 2025.
  • Year by year, Cost of Revenue stood at $13.2 billion in 2021, then grew by 21.8% to $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.
  • Business Quant data shows Cost of Revenue for ET at $19.4 billion in Q4 2025, $14.6 billion in Q3 2025, and $13.9 billion in Q2 2025.