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Energy Transfer LP

Filing: SEC 10-Q
Period: Quarter ended 2026-03-31
Basis: Editorial filing; Read original SEC 10-Q ↗

Sankey diagram of Energy Transfer LP. A complete text table follows the diagram.

Energy Transfer's Hydrocarbon Superhighway: Every Link from Wellhead to Fuel Rack

Gas gathering feeds pipelines and processing, NGLs are fractionated and transported, crude moves to market, and Sunoco extends the network into fuel distribution.

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Read original SEC 10-Q ↗

SEC accession: 0001276187-26-000026
Filed: Date not recorded
Reviewed: 2026-07-26
Status: Individual filing review complete

How to read these figures

The Sankey maps the composition of the company's reported non-GAAP segment Adjusted EBITDA; it is not a GAAP income statement or a revenue allocation. Revenue, volume, capital expenditure and GAAP income observations appear as filing-backed context only.

Labels and narrative explain the filing. A category marked “arithmetic bridge” or “residual” is calculated from reported totals, rather than a separately reported line.

The network moved scale: 21.7 Bcf/d was gathered, 18.1 Bcf/d crossed interstate pipes, and crude transportation reached 7.3 million barrels per day.
NGL infrastructure was the largest earnings link as transportation, terminal and fractionation volumes all increased.
Sunoco supplied $400M of the $839M year-over-year increase in consolidated Adjusted EBITDA, making the downstream extension the largest growth contributor.
The buildout continues: quarterly capital expenditures reached $1.935B, including $1.658B for growth, while existing contracts represent $33.754B of future revenue.

View accessible tables

Financial categories · Quarter ended 2026-03-31 · Millions of USD
Category	Stage	Value	Notes
Intrastate gas transport & storage	1	$437M	Texas gas network
Interstate gas pipelines	1	$519M	Long-haul regulated corridors
Gathering & processing	1	$887M	Connect wells to the network
NGL & refined-product logistics	1	$1.2B	Transport, fractionate and terminal
Crude-oil logistics	1	$869M	Pipelines and terminals
Sunoco fuel distribution	1	$858M	Downstream portfolio extension
USAC compression	1	$188M	Keep natural gas moving
All other	1	$16M	Reported residual segment
Diversified infrastructure Adjusted EBITDA	2	$4.9B	Company-defined measure; up 20%

Financial flows · Millions of USD
From	To	Value
Intrastate gas transport & storage	Diversified infrastructure Adjusted EBITDA	$437M
Interstate gas pipelines	Diversified infrastructure Adjusted EBITDA	$519M
Gathering & processing	Diversified infrastructure Adjusted EBITDA	$887M
NGL & refined-product logistics	Diversified infrastructure Adjusted EBITDA	$1.2B
Crude-oil logistics	Diversified infrastructure Adjusted EBITDA	$869M
Sunoco fuel distribution	Diversified infrastructure Adjusted EBITDA	$858M
USAC compression	Diversified infrastructure Adjusted EBITDA	$188M
All other	Diversified infrastructure Adjusted EBITDA	$16M