Energy Transfer LP Files 2025 Annual Report and Highlights Comprehensive U.S. Energy Infrastructure Network
Energy Transfer LP, one of the largest and most diversified energy infrastructure companies in the United States, today announced that it has filed its annual report on Form 10-K for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC). The annual filing provides a detailed overview of the company’s financial performance, strategic initiatives, and operational highlights for the year, offering investors and market participants a comprehensive look into the company’s activities and future prospects.
As part of its commitment to transparency and shareholder engagement, Energy Transfer makes its annual reports, quarterly reports on Form 10-Q, current reports on Form 8-K, and other SEC filings available on its corporate website at www.energytransfer.com. The company further ensures accessibility for all stakeholders by offering printed copies of its Form 10-K, which includes audited financial statements, at no cost to any unitholder who requests a copy in writing. Requests for printed copies can be directed to Investor Relations at Energy Transfer, located at 8111 Westchester Drive, Suite 600, Dallas, TX 75225.
Overview of Energy Transfer LP
Energy Transfer LP has grown over the years to become a cornerstone of the U.S. energy infrastructure sector. Its operations span multiple segments, encompassing natural gas, crude oil, refined products, and natural gas liquids (“NGL”) transportation and storage. The company’s extensive network of pipelines and facilities forms one of the most interconnected and strategically positioned systems in the country, providing critical services that support both domestic energy production and distribution.
With approximately 140,000 miles of pipeline and associated infrastructure across 44 states, Energy Transfer’s operations touch virtually every major U.S. production basin. This vast geographic footprint allows the company to efficiently transport energy products from production centers to key consumption markets, including industrial, commercial, and residential end-users. In addition, Energy Transfer’s diverse portfolio provides resilience and flexibility, enabling it to adapt to changes in market dynamics, energy demand, and regulatory environments.
Core Operations and Business Segments
Energy Transfer’s core operations are organized into complementary business segments that work synergistically to maximize operational efficiency and revenue growth. These include:
- Natural Gas Midstream and Transportation
The company owns and operates a robust network of natural gas pipelines, storage facilities, and gathering systems. These assets serve as vital links between natural gas production areas and major consumption regions, ensuring reliable delivery of fuel for power generation, industrial use, and residential heating. The midstream business also includes interstate and intrastate pipeline operations that facilitate the seamless movement of natural gas across state lines, providing access to multiple markets and price points. - Crude Oil and Refined Products Transportation
Energy Transfer manages an extensive system of crude oil and refined product pipelines, terminals, and storage facilities. This segment supports the transportation of crude from production fields to refineries, as well as the distribution of refined petroleum products to end markets. By leveraging its large-scale infrastructure, the company achieves operational efficiencies, optimizes supply chain logistics, and enhances service reliability. - Natural Gas Liquids (NGL) Processing and Fractionation
The company operates a significant portfolio of NGL assets, including fractionation plants that separate mixed NGL streams into individual products such as ethane, propane, butane, and natural gasoline. These products are essential feedstocks for petrochemical and industrial applications. Energy Transfer’s integrated approach—from gathering to fractionation and transportation—enables it to capture incremental value across the NGL supply chain while supporting domestic energy markets.
Strategic Investments and Partner Entities
In addition to its core operations, Energy Transfer holds strategic interests in several affiliated entities, broadening its operational scope and financial profile:
- Sunoco LP (NYSE: SUN): Energy Transfer owns approximately 28 million common units, representing roughly 15% of the aggregate outstanding common units and Class D units of Sunoco LP. Sunoco’s operations complement Energy Transfer’s midstream and downstream capabilities, providing additional exposure to fuel distribution and retail logistics. Energy Transfer also owns the general partner interests and incentive distribution rights in Sunoco LP, allowing it to benefit from its strategic growth and profitability.
- SunocoCorp LLC (NYSE: SUNC): As the managing member of SunocoCorp LLC, Energy Transfer oversees operations and strategic direction for the entity, which manages pipeline assets, fuel distribution systems, and other energy-related infrastructure. The managing member role allows Energy Transfer to maintain operational oversight while participating in the financial upside of SunocoCorp’s activities.
- USA Compression Partners, LP (NYSE: USAC): Energy Transfer owns the general partner interests and approximately 46 million common units of USA Compression Partners, LP, representing about 32% of the entity’s outstanding common units. USA Compression provides critical compression services for natural gas pipelines, enhancing throughput capacity and operational efficiency. This strategic investment complements Energy Transfer’s pipeline network and supports its long-term growth objectives.
Commitment to Stakeholders
Energy Transfer has consistently prioritized transparency, operational excellence, and value creation for unitholders. By filing its annual report on Form 10-K, the company ensures that investors have access to comprehensive financial and operational information, including audited financial statements, risk disclosures, and management’s discussion and analysis. The filing provides insight into the company’s performance across its core business segments, its strategic initiatives, and its approach to navigating the evolving energy landscape.
Moreover, Energy Transfer’s dedication to stakeholder engagement extends beyond financial reporting. The company maintains ongoing communication with investors, regulators, and communities, emphasizing safety, environmental stewardship, and operational reliability. Through its integrated infrastructure platform, Energy Transfer supports U.S. energy security, economic growth, and reliable access to energy resources for millions of customers nationwide.
Forward-Looking Vision
Looking ahead, Energy Transfer remains committed to expanding and modernizing its energy infrastructure while capitalizing on emerging opportunities in the U.S. energy sector. The company’s strategic initiatives include optimizing pipeline capacity, expanding NGL fractionation and processing capabilities, and investing in technology and infrastructure that improve operational efficiency and reduce environmental impact. These efforts are aligned with the company’s long-term vision of maintaining a resilient, diversified energy portfolio that supports sustainable growth and unitholder returns.
Energy Transfer’s ability to integrate its midstream, downstream, and affiliated operations provides a competitive advantage in an increasingly dynamic energy market. The company’s scale, geographic reach, and financial flexibility position it to respond to changing market conditions, meet growing demand for energy, and deliver consistent value to investors.
Accessing Energy Transfer’s Annual Report
For investors and stakeholders seeking detailed information about Energy Transfer’s 2025 operations, the company’s Form 10-K provides a comprehensive resource. Available electronically on the company website or in printed form upon request, the annual report offers insights into financial performance, operational highlights, risk management strategies, and corporate governance practices. By providing unrestricted access to this information, Energy Transfer demonstrates its commitment to transparency and responsible corporate stewardship.
About Energy Transfer LP
Energy Transfer LP is a publicly traded limited partnership headquartered in Dallas, Texas, with a diversified portfolio of energy assets spanning approximately 140,000 miles of pipelines and associated infrastructure across 44 U.S. states. Its integrated operations cover natural gas midstream, intrastate and interstate transportation and storage, crude oil and refined products transportation and terminalling, and NGL processing and fractionation.
Through its investments in Sunoco LP, SunocoCorp LLC, and USA Compression Partners, LP, Energy Transfer expands its operational footprint and strengthens its position as a leading energy infrastructure company. The company remains focused on providing reliable, safe, and efficient services to its customers while delivering sustainable value to its unitholders.
Energy Transfer LP continues to play a vital role in the U.S. energy ecosystem, enabling the movement of essential resources from production centers to end markets and contributing to the country’s energy security, economic development, and overall energy reliability.
