Energy Transfer LP reported strong financial results for the fourth quarter of 2025, with an 8% increase in Adjusted EBITDA to $4.18 billion and a net income of $928 million. The partnership saw significant volume growth across its NGL, crude oil, and natural gas transportation segments, setting new records in NGL fractionation and crude oil transportation.

Energy Transfer's Q3 2025 results showed a decline in both revenue and net income. Despite the drop, the company continued to expand its operations, setting volume records across several segments.

For the quarter ended June 30, 2025, Energy Transfer generated revenue of $19.242 billion and GAAP EPS of $0.32. Net income attributable to partners declined to $1.163 billion, while Adjusted EBITDA rose to $3.87 billion. Distributable cash flow to partners (as adjusted) was $1.96 billion.

The company posted higher net income and operating income compared to Q1 2024, while continuing to expand pipeline volumes and entering a strategic LNG partnership.

Energy Transfer LP reported a net income of $1.08 billion and revenue of $19.54 billion for Q4 2024. Adjusted EBITDA increased 8% year-over-year to $3.88 billion, and the company saw growth in crude oil and NGL transportation volumes. A quarterly cash distribution of $0.325 per common unit was declared, reflecting a 3.2% increase over the prior year.