Energy Transfer, the largest operator of natural gas pipelines in the U.S. by revenue, reported $89.9 billion in revenue in 2022, a 33% increase from the previous year, boosting it 11 spots on this year’s list.
  • In 2022 Energy Transfer signed 20-year deals for the sale of liquefied natural gas with London-based oil company Shell and commodities trader Gunvor’s Singapore trading desk for 2.1 million tonnes a year and 2 million tonnes a year, respectively.
  • Energy Transfer announced the $1.45 billion purchase of Lotus Midstream in March 2023, following a series of smaller acquisitions in 2022 worth $1.1 billion.
  • The company faced several adverse legal outcomes in 2022: Pennsylvania’s attorney general found it criminally liable for repeatedly allowing industrial waste to flow into residential areas, while the Supreme Court upheld a judgment forcing Energy Transfer’s Sunoco unit to pay 53,000 oil well owners in Oklahoma $155 million for interest on late payments.
JOHANNES EISELE—AFP/Getty Images

Company Information

As of 6/5/23
Country
U.S.
Headquarters
Dallas
Industry
Pipelines
CEO
Thomas E. Long/Marshall S. McCrea III
Company Type
Public
Ticker
ET
Revenues ($M)
$89,876
Profits ($M)
$4,756
Market Value ($M)
$38,590
Employees
12,565
A partnership. Market value as of March 31, 2023.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$89,876
33.3%
Profits ($M)
$4,756
-13.1%
Assets ($M)
$105,643
-
Total Stockholder Equity ($M)
$33,025
-

Profit Ratios

Profit as % of Revenues
5.3%
Profits as % of Assets
4.5%
Profits as % of Stockholder Equity
14.4%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
1.40
EPS % Change (from 2021)
-25.9%
EPS % Change (5 year annual rate)
11%
EPS % Change (10 year annual rate)
17.4%

Total Return

Total Return to Investors (2022)
55.6%
Total Return to Investors (5 year, annualized)
1.3%
Total Return to Investors (10 year, annualized)
7.8%

Energy Transfer Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2022$67,41773.1%$5,470$105,963$31,300
2021$38,954-28.1%$-648-118%$95,144$18,529
2020$54,213-0.4%$3,592112%$98,880$21,827
2018$47,48726.6%$954-4.1%$86,246$-1,196
2017$37,504-11%$995-16.3%$79,011$-1,694
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