Energy Transfer (ET) Operating Expenses (2009 - 2026)

Energy Transfer (ET) has reported Operating Expenses for 18 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.7 billion, down 90.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $93.2 billion (up 134.35% YoY), and the FY2025 annual result was $76.5 billion, up 1381.58% from the prior year.
• Operating Expenses was $1.7 billion for Q1 2026 at Energy Transfer, down from $72.3 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $79.2 billion in Q4 2022 and troughed at -$47.6 billion in Q4 2023.
• A 5-year average of $14.4 billion and a median of $16.5 billion in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slumped 160.08% — and 2025, when it soared 4919.78%.
• Year by year, Operating Expenses stood at $79.2 billion in 2022, then plunged by 160.08% to -$47.6 billion in 2023, then soared by 103.03% to $1.4 billion in 2024, then jumped by 4919.78% to $72.3 billion in 2025, then plunged by 97.66% to $1.7 billion in 2026.
• Per Business Quant, the three latest ET Operating Expenses figures stand at $1.7 billion (Q1 2026), $72.3 billion (Q4 2025), and $17.8 billion (Q3 2025).