Also trades as: ET-PE (NYSE) · $vol 12M · ET-PD (NYSE) · $vol 2M · ET-PC (NYSE) · $vol 2M · ETPC (NYSE) · $vol 1M · ET-PI (NYSE) · $vol 1M

$20.47

+0.37 (+1.84%)

Weekly Expected Move ±2.2%

$20 $20 $20 $21 $21

NYSE · Energy · Oil & Gas Midstream · Tech Score Sell · Power 46 · $70.4B mcap · 3.09B float · 0.285% daily turnover · Short 42% of daily vol

Revenue

$82.6B -0.1% ▼

5Y CAGR: +16.2%

Gross Profit

$18.0B +14.8% ▲

5Y CAGR: +11.9%

Operating Income

$9.4B +3.3% ▲

5Y CAGR: +25.9%

Net Income

$4.9B +1.8% ▲

EPS (Diluted)

$1.35 +5.5% ▲

EBITDA

$14.9B -3.0% ▼

5Y CAGR: +9.4%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$67.4B	$89.9B	$78.6B	$82.7B	$82.6B
YoY Growth	+73.1%	+33.3%	-12.6%	+5.2%	-0.1%
Cost of Revenue	$54.0B	$76.6B	$64.8B	$67.0B	$64.6B
Gross Profit	$13.4B	$13.3B	$13.8B	$15.7B	$18.0B
Gross Margin	19.9%	14.8%	17.6%	19.0%	21.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$818M	$1.0B	$1.1B	$1.3B	$1.0B
Operating Expenses	$4.7B	$5.6B	$5.5B	$6.6B	$8.6B
Operating Income	$8.8B	$7.7B	$8.3B	$9.1B	$9.4B
Operating Margin	13.0%	8.6%	10.6%	11.1%	11.4%
Interest Expense	$2.3B	$2.3B	$2.6B	$3.1B	$3.3B
Income Before Tax	$6.9B	$6.1B	$5.6B	$7.1B	$6.3B
Tax Expense	$184M	$204M	$303M	$541M	$222M
Net Income	$5.5B	$4.8B	$3.9B	$4.8B	$4.9B
Net Margin	8.1%	5.3%	5.0%	5.8%	5.9%
EPS (Diluted)	$1.89	$1.40	$1.09	$1.28	$1.35
EBITDA	$12.6B	$12.3B	$12.6B	$15.4B	$14.9B
Shares Outstanding	2.74B	3.10B	3.18B	3.42B	3.65B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$20.8B	$19.5B	$21.0B	$19.2B	$20.0B	$22.4B	$27.8B	$34.3B
Cost of Revenue	$17.0B	$15.4B	$16.9B	$16.6B	$14.6B	$16.6B	$21.1B	$26.9B
Gross Profit	$3.8B	$4.1B	$4.2B	$2.7B	$5.4B	$5.8B	$6.6B	$7.4B
Gross Margin	18.3%	21.0%	19.7%	14.0%	27.0%	25.8%	23.8%	21.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$297M	$448M	$288M	$257M	$268M	$205M	$2.4B	$421M
Operating Expenses	$1.6B	$1.8B	$1.7B	$257M	$3.2B	$3.4B	$3.6B	$3.8B
Operating Income	$2.2B	$2.3B	$2.5B	$2.4B	$2.2B	$2.4B	$3.0B	$3.6B
Operating Margin	10.5%	11.7%	11.9%	12.6%	10.8%	10.6%	10.7%	10.4%
Interest Expense	$828M	$807M	$809M	$865M	$890M	$760M	$947M	$934M
Income Before Tax	$1.5B	$1.6B	$1.8B	$1.5B	$1.4B	$1.6B	$2.1B	$2.7B
Tax Expense	$89M	$136M	$41M	$79M	$87M	$15M	$135M	$194M
Net Income	$1.2B	$1.1B	$1.3B	$1.1B	$1.0B	$1.5B	$1.3B	$2.1B
Net Margin	5.7%	5.5%	6.3%	5.7%	5.1%	6.5%	4.5%	6.1%
EPS (Diluted)	$0.32	$0.29	$0.36	$0.32	$0.27	$0.40	$0.35	$0.59
EBITDA	$3.7B	$3.8B	$3.9B	$3.8B	$3.7B	$3.5B	$3.7B	$3.7B
Shares Outstanding	3.44B	3.45B	3.45B	3.45B	3.64B	3.65B	3.46B	3.46B

ET NYSE