Energy Transfer (ET) Operating Income (2009 - 2026)
Energy Transfer's Operating Income came in at $3.57 billion for Q2 2026, up 54.8% from $2.31 billion a year earlier and up 19.8% from the prior quarter.
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Analysis
Energy Transfer (ET) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Energy Transfer reported Operating Income of $10.78 billion, up 16.5% year-over-year; for FY2025, it was $9.03 billion, down 1.2% from FY2024.
- Operating Income carries a five-year compound annual growth rate of 24.8% (FY2020 to FY2025).
- Going back by year, Operating Income was $9.14 billion in FY2024 (+10.2%), $8.3 billion in FY2023 (+7.2%), $7.74 billion in FY2022 (-12.0%) and $8.79 billion in FY2021 (+195.0%).
- The Q2 2026 figure represents the highest quarterly Operating Income since Q1 2021.
- Year-over-year, Operating Income increased in five of the last eight quarters, with growth averaging 9.0%.
- The fastest year-over-year change in Operating Income over five years came in Q3 2021 (growth of 488.9%), and the weakest in Q1 2022 (a decline of 54.6%).
- Business Quant data shows ET's Operating Income at $2.98 billion (Q1 2026), $2.08 billion (Q4 2025) and $2.15 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 2.10 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 2.25 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 3.57 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 1.35 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 3.87 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 1.23 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.38 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 1.59 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | 2.19 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Energy Transfer Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=ET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "ET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=ET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();