Energy Transfer LP
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Energy Transfer LP (ET). It shows which part of the business is growing — and which one is holding it back.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Refined product sales | $10.51B 27.0% | $17.77B 26.4% · +69.0% | $26.02B 29.0% · +46.5% | $23.39B 29.8% · -10.1% | $22.05B 26.7% · -5.7% | $24.21B 28.3% · +9.8% |
| Crude sales | $9.44B 24.2% | $15.30B 22.7% · +62.0% | $23.47B 26.1% · +53.4% | $23.49B 29.9% · +0.1% | $25.37B 30.7% · +8.0% | $23.49B 27.5% · -7.4% |
| NGL sales | $6.80B 17.4% | $15.24B 22.6% · +124.3% | $20.11B 22.4% · +32.0% | $15.96B 20.3% · -20.7% | $19.11B 23.1% · +19.7% | $19.04B 22.3% · -0.4% |
| Gathering, transportation and other fees | $8.98B 23.1% | $9.23B 13.7% · +2.7% | $10.91B 12.1% · +18.2% | $11.43B 14.5% · +4.8% | $12.03B 14.5% · +5.2% | $12.42B 14.5% · +3.3% |
| Natural gas sales | $2.63B 6.8% | $9.16B 13.6% · +247.9% | $8.54B 9.5% · -6.8% | $3.26B 4.1% · -61.8% | $2.74B 3.3% · -16.0% | $4.66B 5.4% · +70.1% |
| Other | $586.0M 1.5% | $721.0M 1.1% · +23.0% | $827.0M 0.9% · +14.7% | $1.06B 1.4% · +28.3% | $1.38B 1.7% · +30.3% | $1.72B 2.0% · +24.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 13, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.