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

Energy Transfer (ET) has reported Operating Expenses for 18 consecutive years, with $30.8 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 81.66% year-over-year to $30.8 billion; the trailing twelve-month figure through Jun 2026 stood at $96.6 billion (up 35.45% YoY), and the FY2025 full-year result was $76.5 billion, up 4.05% from the prior year.
• Operating Expenses grew to $30.8 billion in Q2 2026 per ET's latest filing, from $24.8 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $30.8 billion in Q2 2026 and bottomed at $16.5 billion in Q2 2023.
• Historically, Operating Expenses has averaged $19.9 billion across 5 years, with a median of $18.6 billion in 2024.
• The sharpest annual moves came in 2023 and 2026: Operating Expenses sank 30.83% in 2023, then surged 81.66% in 2026.
• Over 5 years, Operating Expenses stood at $18.7 billion in 2022, then declined by 1.75% to $18.4 billion in 2023, then declined by 6.02% to $17.3 billion in 2024, then surged by 34.65% to $23.2 billion in 2025, then jumped by 32.34% to $30.8 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $30.8 billion, $24.8 billion, and $23.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.