Energy Transfer (ET) Operating Leases (2019 - 2026)

Energy Transfer (ET) posted Operating Leases of $1.6 billion for Q1 2026, up 3.56% on a QoQ basis from $1.5 billion in Q4 2025, and up 108.64% year-over-year from $752.0 million in Q1 2025.

Energy Transfer (ET) Operating Leases (2019 - 2026) Analysis & Trends

Energy Transfer (ET) has reported Operating Leases for 8 consecutive years, with $1.6 billion the latest figure, recorded in Q1 2026.

  • Operating Leases for Q1 2026 came in at $1.6 billion, up 108.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 108.64% YoY), and the FY2025 annual result was $1.5 billion, up 107.53% from the prior year.
  • Operating Leases was $1.6 billion for Q1 2026 at Energy Transfer, up from $1.5 billion in the prior quarter.
  • Over five years, Operating Leases peaked at $1.6 billion in Q1 2026 and troughed at $696.0 million in Q1 2024.
  • A 5-year average of $861.4 million and a median of $786.0 million in 2023 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2024 — Operating Leases declined 12.01% — and 2026, when it surged 108.64%.
  • Year by year, Operating Leases stood at $798.0 million in 2022, then declined by 2.51% to $778.0 million in 2023, then declined by 6.17% to $730.0 million in 2024, then soared by 107.53% to $1.5 billion in 2025, then grew by 3.56% to $1.6 billion in 2026.
  • Per Business Quant, the three latest ET Operating Leases figures stand at $1.6 billion (Q1 2026), $1.5 billion (Q4 2025), and $803.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.57 Bn
Dec 31, 2025 1.52 Bn
Sep 30, 2025 803.00 Mn
Jun 30, 2025 754.00 Mn
Mar 31, 2025 752.00 Mn
Dec 31, 2024 730.00 Mn
Sep 30, 2024 742.00 Mn
Jun 30, 2024 750.00 Mn
Mar 31, 2024 696.00 Mn
Dec 31, 2023 778.00 Mn
Sep 30, 2023 775.00 Mn
Jun 30, 2023 786.00 Mn
Mar 31, 2023 791.00 Mn
Dec 31, 2022 798.00 Mn
Sep 30, 2022 794.00 Mn
Jun 30, 2022 801.00 Mn
Mar 31, 2022 809.00 Mn
Dec 31, 2021 814.00 Mn
Sep 30, 2021 799.00 Mn
Jun 30, 2021 812.00 Mn