Crude Sales was Energy Transfer’s largest product and service line in fiscal 2025, bringing in $46.97B of $119.21B (39%).
| Product and Service | FY 2010 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Crude Sales | $46.95B | $46.98B | $50.74B | $46.97B | |
| Refined Product Sales | $52.04B | $46.78B | $44.10B | — | |
| Ngl Sales | $40.23B | $31.91B | $38.21B | $38.08B | |
| Gathering, Transportation & Other Fees | $21.81B | $22.86B | $24.05B | $24.85B | |
| Natural Gas Sales | $17.07B | $6.52B | $5.47B | $9.31B | |
| Intrastate Transportation & Storage | — | — | — | — | |
| Midstream | — | — | — | — | |
| Retail Propane & Other Retail Propane Related | — | — | — | — | |
| Other | $1.65B | $2.12B | $2.77B | — | |
| Gathering & Processing | — | — | — | — | |
| Interstate Transportation | — | — | — | — | |
| All Other | — | — | — | — | |
| Contract Compression | — | — | — | — | |
| Contract Treating | — | — | — | — | |
| Corporate & Others | — | — | — | — | |
| Total | $179.75B | $157.17B | $165.34B | $119.21B |
Energy Transfer brought in $119.21B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Energy Transfer regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $165.34B. Crude Sales was the largest at $46.97B (39.4%), ahead of Ngl Sales at $38.08B (31.9%) and Gathering, Transportation & Other Fees at $24.85B (20.8%). The remaining line, Natural Gas Sales, brought in $9.31B.
Compared with fiscal 2024, Natural Gas Sales grew fastest, up 70.1% to $9.31B, while Crude Sales fell the most, down 7.4% to $46.97B.
Energy Transfer stopped reporting Refined Product Sales ($44.10B in fiscal 2024) and Other ($2.77B in fiscal 2024) as separate lines.
External Customers was Energy Transfer’s largest segment in fiscal 2019, bringing in $42.39B of $46.53B (91%).
| Segment | FY 2017 | FY 2019 |
|---|---|---|
| External Customers | $5.78B | $42.39B |
| Intersegment | $1.53B | $4.14B |
| Total | $7.31B | $46.53B |
Energy Transfer brought in $46.53B from its two segments in fiscal 2019, the year ended December 31, 2019. That was up 536.8% from $7.31B in fiscal 2017, the previous year with figures. External Customers was the largest at $42.39B (91.1%), ahead of Intersegment at $4.14B (8.9%).
Compared with fiscal 2017, the previous year with figures, External Customers grew 633.2% to $42.39B and Intersegment grew 171.4% to $4.14B. From fiscal 2017 to 2019, combined revenue from these segments grew from $7.31B to $46.53B, a compound annual growth rate of 152.3%. External Customers' share of the total rose from 79.1% to 91.1%.
Ngl & Refined Products Transportation And Services was Energy Transfer’s largest revenue line in fiscal 2015, bringing in $9.14B of $16.82B (54%).
| Major Customers | FY 2011 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|
| Retail Marketing | $42.01B | — | — | |
| Investment In Sunoco Logistics | $32.96B | $35.84B | — | |
| Other Segments | $4.19B | $50.71B | — | |
| Ngl & Refined Products Transportation And Services | — | — | $9.14B | |
| Midstream | $6.44B | $9.54B | $5.21B | |
| Liquids Transportation & Services | $4.05B | $7.46B | — | |
| Intrastate Transportation & Storage | $4.48B | $5.29B | — | |
| Interstate Transportation & Storage | $2.54B | $2.11B | $2.02B | |
| External Customers | $432.00M | $432.00M | $432.00M | |
| Contract Services | — | — | — | |
| Intersegment | — | — | $22.00M | |
| Corporate & Other | — | — | — | |
| Natural Gas Transportation | — | — | — | |
| Total | $97.10B | $111.38B | $16.82B |
Energy Transfer brought in $16.82B from its five revenue lines in fiscal 2015, the year ended December 31, 2015. Energy Transfer regrouped these revenue lines after fiscal 2014, so the total does not compare directly with that year's $111.38B. Ngl & Refined Products Transportation And Services was the largest at $9.14B (54.3%), ahead of Midstream at $5.21B (31.0%) and Interstate Transportation & Storage at $2.02B (12.0%). The other two revenue lines brought in $454.00M combined.
Compared with fiscal 2014, External Customers grew fastest, up 0.0% to $432.00M, while Midstream fell the most, down 45.3% to $5.21B.
Energy Transfer began breaking out Ngl & Refined Products Transportation And Services in fiscal 2015, when it brought in $9.14B. Energy Transfer stopped reporting Other Segments ($50.71B in fiscal 2014), Retail Marketing ($42.01B in fiscal 2013), Investment In Sunoco Logistics ($35.84B in fiscal 2014) and two others as separate revenue lines.
Energy Transfer (ET) reports its revenue by product and service, by segment and by major customers. In fiscal 2025, Crude Sales was its largest product and service line, bringing in $46.97B (39.4% of the total), followed by Ngl Sales at $38.08B (31.9%).
Crude Sales was Energy Transfer's largest product and service line in fiscal 2025, bringing in $46.97B, or 39.4% of the $119.21B total across its four product and service lines.
External Customers was Energy Transfer's largest segment in fiscal 2019, bringing in $42.39B, or 91.1% of the $46.53B total across its two segments.
Ngl & Refined Products Transportation And Services was Energy Transfer's largest revenue line in fiscal 2015, bringing in $9.14B, or 54.3% of the $16.82B total across its five revenue lines.
Every figure comes from Energy Transfer's annual financial filings, as reported. Each line keeps the name Energy Transfer gives it, and years follow its fiscal calendar.
Energy Transfer's revenue by product and service goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.