Energy Transfer (ET) Operating Income (2009 - 2026)
Energy Transfer's (ET) quarterly Operating Income came in at $3.0 billion in Q1 2026, up 19.75% YoY from $2.5 billion in Q1 2025, and up 43.69% on a QoQ basis from $2.1 billion in Q4 2025.
Energy Transfer (ET) Operating Income (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has 18 years of Operating Income data on file, last reported at $3.0 billion in Q1 2026.
- Quarterly Operating Income rose 19.75% year-over-year to $3.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $9.5 billion (up 2.92% YoY) and the FY2025 annual result came in at $9.0 billion, down 1.21% from the prior year.
- Operating Income advanced to $3.0 billion in Q1 2026, from $2.1 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $3.0 billion in Q1 2026 to a low of $1.8 billion in Q4 2022.
- A 5-year average of $2.2 billion and a median of $2.2 billion in 2023 frame the typical range for Operating Income.
- The widest YoY moves for Operating Income: up 37.3% in 2022, down 54.63% in 2022.
- Tracing ET's Operating Income over 5 years: stood at $1.8 billion in 2022, then rose by 19.88% to $2.2 billion in 2023, then increased by 5.27% to $2.3 billion in 2024, then declined by 8.91% to $2.1 billion in 2025, then jumped by 43.69% to $3.0 billion in 2026.
- The last three Operating Income figures came in at $3.0 billion (Q1 2026), $2.1 billion (Q4 2025), and $2.2 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.35 Bn |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 2.10 Bn |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 2.25 Bn |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 3.57 Bn |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 384.60 Mn |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 1.38 Bn |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 1.59 Bn |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 1.23 Bn |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 2.19 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.57 Bn |
| Mar 31, 2026 | 2.98 Bn |
| Dec 31, 2025 | 2.08 Bn |
| Sep 30, 2025 | 2.15 Bn |
| Jun 30, 2025 | 2.31 Bn |
| Mar 31, 2025 | 2.49 Bn |
| Dec 31, 2024 | 2.28 Bn |
| Sep 30, 2024 | 2.18 Bn |
| Jun 30, 2024 | 2.30 Bn |
| Mar 31, 2024 | 2.38 Bn |
| Dec 31, 2023 | 2.17 Bn |
| Sep 30, 2023 | 2.23 Bn |
| Jun 30, 2023 | 1.84 Bn |
| Mar 31, 2023 | 2.06 Bn |
| Dec 31, 2022 | 1.81 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 2.11 Bn |
| Mar 31, 2022 | 1.85 Bn |
| Dec 31, 2021 | 1.69 Bn |
| Sep 30, 2021 | 1.44 Bn |