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

Energy Transfer has reported Cost of Revenue for 18 years, with the latest figure at $21.1 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 35.82% year-over-year to $21.1 billion; the trailing twelve-month figure through Mar 2026 stood at $69.1 billion (up 13.33% YoY), and the FY2025 full-year result was $63.5 billion, up 2.45% from the prior year.
• Cost of Revenue for Q1 2026 stood at $21.1 billion, up from $19.4 billion in the prior quarter.
• The five-year high for Cost of Revenue was $21.5 billion in Q2 2022, with the low at $13.9 billion in Q2 2025.
• Historically, Cost of Revenue has averaged $16.4 billion across 5 years, with a median of $15.8 billion in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 87.01% — and 2023, when it plunged 34.5%.
• Energy Transfer's Cost of Revenue 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.