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

Energy Transfer's Operating Expenses history spans 17 years, with the latest figure at $72.3 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 3.62% year-over-year to $72.3 billion; the TTM value through Dec 2025 reached $93.7 billion, up 3.31%, while the annual FY2025 figure was $76.5 billion, 4.05% up from the prior year.
  • Operating Expenses reached $72.3 billion in Q4 2025 per ET's latest filing, 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.
  • Average Operating Expenses over 5 years is $12.3 billion, with a median of $7.2 billion recorded in 2021.
  • The largest YoY upside for Operating Expenses was 1869.86% in 2021 against a maximum downside of 537.99% in 2021.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for ET's Operating Expenses are $72.3 billion (Q4 2025), $1.5 billion (Q3 2025), and $1.3 billion (Q2 2025).