Energy Transfer LP Reports Fourth Quarter 2025 Financial Results

Summary

Energy Transfer LP reported net income of $928 million for Q4 2025, down from $1.08 billion in Q4 2024. Adjusted EBITDA increased to $4.18 billion, up from $3.88 billion in the same period last year. Distributable Cash Flow attributable to partners rose to $2.04 billion from $1.98 billion. The company also announced a quarterly cash distribution of $0.3350 per common unit, an increase of over 3% compared to Q4 2024. Energy Transfer LP expects its 2026 Adjusted EBITDA to range between $17.45 and $17.85 billion, reflecting the acquisition of J-W Power Company by USA Compression.