Energy Transfer LP (ET) Revenue by Segment

Energy Transfer revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Energy Transfer's largest business segment was Investment In Sunoco LP, with $14.26 billion or 41% of revenue, up 164.5% from a year earlier. Next: Crude oil transportation and services (32%), NGL and refined products transportation and services (22%) and Interstate Transportation and Storage (2%).

By product or service, Refined Products brought in 40%, Crude sales brought in 30% and NGL sales brought in 17% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Investment In Sunoco LP (+164.5%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Energy Transfer LP

ETEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Crude oil transportation and servicesInvestment In Sunoco LPNGL and refined products transportation and servicesMidstreamIntrastate Transportation and StorageIntersegment eliminationsAll other segmentsInterstate Transportation and StorageOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Investment In Sunoco LP	USD 14.26B	41.3%	+164.5%
Crude oil transportation and services	USD 11.05B	32.0%	+92.3%
NGL and refined products transportation and services	USD 7.72B	22.3%	+29.9%
Interstate Transportation and Storage	USD 609.00M	1.8%	–
All other segments	USD 565.00M	1.6%	-39.6%
Investment In USAC	USD 342.00M	1.0%	+36.8%

Sum of items USD 34.55B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Crude oil transportation and services	11.1B	7.8B	8.5B	6.0B	5.7B	6.2B	6.2B	7.3B	7.4B	7.6B	7.2B	7.3B	6.0B	6.1B	6.3B	6.4B	7.3B	5.9B	4.9B	4.6B	4.4B	–	2.8B	2.9B	1.8B	4.2B	4.8B	4.5B	5.0B	4.2B	4.3B	4.4B	4.8B	3.7B	–	–
Investment In Sunoco LP	14.3B	10.7B	8.6B	6.0B	5.4B	5.2B	5.3B	5.8B	6.2B	5.5B	–	6.3B	5.7B	5.4B	5.9B	6.6B	7.8B	5.4B	5.0B	4.8B	4.4B	3.5B	2.6B	2.8B	2.1B	3.3B	4.1B	4.3B	4.5B	3.7B	3.9B	4.8B	4.6B	3.7B	–	3.1B
NGL and refined products transportation and services	7.7B	6.7B	6.2B	5.9B	5.9B	–	6.4B	5.9B	5.8B	6.5B	6.0B	–	–	5.6B	5.7B	6.1B	7.6B	6.3B	6.2B	5.3B	4.5B	–	3.1B	2.6B	2.1B	–	3.1B	2.9B	2.6B	3.0B	2.9B	3.1B	2.6B	2.5B	–	–
Midstream	–	–	–	–	–	3.7B	–	–	–	–	2.4B	2.8B	2.5B	–	–	4.9B	5.0B	–	–	2.9B	2.2B	2.7B	1.5B	1.4B	1.0B	1.2B	–	1.6B	1.2B	1.7B	–	2.3B	1.9B	1.6B	–	–
Intrastate Transportation and Storage	–	1.2B	–	869.0M	931.0M	–	820.0M	678.0M	637.0M	918.0M	892.0M	–	807.0M	1.3B	1.6B	2.4B	2.2B	1.6B	1.5B	1.2B	949.0M	4.9B	–	654.0M	516.0M	593.0M	714.0M	764.0M	765.0M	856.0M	1.1B	922.0M	813.0M	875.0M	–	–
Intersegment eliminations	–	–	–	–	–	4.1B	–	–	–	–	2.9B	3.1B	2.8B	–	–	- 5.2B	- 5.6B	–	–	- 3.4B	- 2.5B	3.7B	–	- 1.4B	- 1.3B	1.5B	–	- 1.6B	- 1.3B	- 1.5B	–	- 2.1B	- 1.6B	- 1.6B	–	–
All other segments	565.0M	1.1B	1.1B	923.0M	936.0M	995.0M	–	379.0M	–	466.0M	411.0M	444.0M	–	–	–	1.1B	962.0M	715.0M	692.0M	696.0M	576.0M	1.5B	–	367.0M	492.0M	513.0M	360.0M	441.0M	391.0M	497.0M	630.0M	–	–	–	–	–
Interstate Transportation and Storage	609.0M	–	631.0M	–	–	621.0M	600.0M	575.0M	519.0M	602.0M	620.0M	571.0M	550.0M	634.0M	606.0M	549.0M	530.0M	566.0M	491.0M	418.0M	407.0M	525.0M	–	471.0M	445.0M	464.0M	493.0M	479.0M	493.0M	498.0M	494.0M	445.0M	378.0M	365.0M	–	–
Investment In ETP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.0B
Investment In USAC	342.0M	331.0M	252.0M	251.0M	250.0M	245.0M	245.0M	240.0M	236.0M	–	–	217.0M	–	–	191.0M	179.0M	172.0M	–	–	159.0M	156.0M	158.0M	158.0M	161.0M	169.0M	–	178.0M	175.0M	174.0M	171.0M	172.0M	169.0M	167.0M	–	–	–
Other Operating	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	525.0M	502.0M	571.0M	–	–

Energy Transfer revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Investment In Sunoco LP	$14.3B	$10.7B	$6.0B	$5.4B	41%
Crude oil transportation and services	$11.1B	$7.8B	$6.0B	$5.7B	32%
NGL and refined products transportation and services	$7.7B	$6.7B	$5.9B	$5.9B	22%
Interstate Transportation and Storage	$609.0M	–	–	–	2%
All other segments	$565.0M	$1.1B	$923.0M	$936.0M	2%
Investment In USAC	$342.0M	$331.0M	$251.0M	$250.0M	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Energy Transfer revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refined Products	$13.8B	–	–	$5.2B	40%
Crude sales	$10.3B	$7.0B	$5.3B	$5.0B	30%
NGL sales	$5.7B	$5.1B	$4.3B	$4.5B	17%
Gathering, transportation and other fees	$3.3B	$3.3B	$3.1B	$3.1B	10%
Other	$759.0M	$638.0M	$383.0M	$405.0M	2%
Natural gas sales	$400.0M	$1.5B	$1.0B	$1.1B	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Energy Transfer's business segments?

Investment In Sunoco LP, Crude oil transportation and services, NGL and refined products transportation and services, Interstate Transportation and Storage, All other segments and Investment In USAC (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Energy Transfer?

Investment In Sunoco LP: $14.26 billion, or 41% of revenue, in Q2 fiscal 2026.

What are Energy Transfer's main products and services?

By revenue in Q2 fiscal 2026: Refined Products (40%), Crude sales (30%), NGL sales (17%) and Gathering, transportation and other fees (10%).

MoreEnergy Transfer stock overview Energy Transfer financials Energy Transfer executive team Energy Transfer shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.