KPIs & Operating Metrics(New)
Growth Metrics

Energy Transfer (ET) Operating Expenses (2016 - 2026)

Energy Transfer filings provide 17 years of Operating Expenses readings, the most recent being $72.3 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 3.62% to $72.3 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $93.7 billion, a 3.31% increase, with the full-year FY2025 number at $76.5 billion, up 4.05% from a year prior.
  • Operating Expenses hit $72.3 billion in Q4 2025 for Energy Transfer, up from $1.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $72.3 billion in Q4 2025 to a low of -$38.1 billion in Q4 2021.
  • Median Operating Expenses over the past 5 years was $7.2 billion (2021), compared with a mean of $12.3 billion.
  • The widest YoY moves for Operating Expenses: up 1869.86% in 2021, down 537.99% in 2021.
  • Energy Transfer's Operating Expenses stood at -$38.1 billion in 2021, then surged by 103.56% to $1.4 billion in 2022, then soared by 1254.5% to $18.4 billion in 2023, then soared by 280.08% to $69.8 billion in 2024, then increased by 3.62% to $72.3 billion in 2025.
  • The last three reported values for Operating Expenses were $72.3 billion (Q4 2025), $1.5 billion (Q3 2025), and $1.3 billion (Q2 2025) per Business Quant data.