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Energy Transfer (ET) Operating Expenses (2016 - 2025)

Energy Transfer (ET) has disclosed Operating Expenses for 17 consecutive years, with -$47.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 167.9% year-over-year to -$47.4 billion, compared with a TTM value of $5.9 billion through Dec 2025, down 92.02%, and an annual FY2025 reading of $5.9 billion, down 92.02% over the prior year.
  • Operating Expenses was -$47.4 billion for Q4 2025 at Energy Transfer, down from $50.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $79.2 billion in Q4 2022 and bottomed at -$47.4 billion in Q4 2025.
  • Average Operating Expenses over 5 years is $12.5 billion, with a median of $1.4 billion recorded in 2024.
  • Peak annual rise in Operating Expenses hit 6002.27% in 2024, while the deepest fall reached 1643.33% in 2024.
  • Year by year, Operating Expenses stood at $15.2 billion in 2021, then surged by 419.84% to $79.2 billion in 2022, then tumbled by 98.55% to $1.1 billion in 2023, then surged by 6002.27% to $69.8 billion in 2024, then plummeted by 167.9% to -$47.4 billion in 2025.
  • Business Quant data shows Operating Expenses for ET at -$47.4 billion in Q4 2025, $50.6 billion in Q3 2025, and $1.3 billion in Q2 2025.