XML 60 R35.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Debt Obligations Debt Obligations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Obligations [Abstract] |
Schedule of debt obligations | Our debt obligations consist of the following:
| December 31, |
| 2024 |  | 2023 |
Energy Transfer Indebtedness |  |  |  |
5.875% Senior Notes due January 15, 2024(1) | $ | — |  |  | $ | 23 |  |
5.875% Senior Notes due January 15, 2024(1) | — |  |  | 1,127 |  |
7.60% Senior Notes due February 1, 2024(1) | — |  |  | 82 |  |
4.90% Senior Notes due February 1, 2024(1) | — |  |  | 350 |  |
4.25% Senior Notes due April 1, 2024(1) | — |  |  | 500 |  |
4.50% Senior Notes due April 15, 2024(1) | — |  |  | 750 |  |
3.90% Senior Notes due May 15, 2024(1) | — |  |  | 600 |  |
9.00% Debentures due November 1, 2024(1) | — |  |  | 65 |  |
4.05% Senior Notes due March 15, 2025(2) | 1,000 |  |  | 1,000 |  |
5.75% Senior Notes due April 1, 2025(1) | — |  |  | 500 |  |
2.90% Senior Notes due May 15, 2025(2) | 1,000 |  |  | 1,000 |  |
5.95% Senior Notes due December 1, 2025(2) | 400 |  |  | 400 |  |
4.75% Senior Notes due January 15, 2026 | 1,000 |  |  | 1,000 |  |
3.90% Senior Notes due July 15, 2026 | 550 |  |  | 550 |  |
6.05% Senior Notes due December 1, 2026 | 1,000 |  |  | 1,000 |  |
4.40% Senior Notes due March 15, 2027 | 700 |  |  | 700 |  |
4.20% Senior Notes due April 15, 2027 | 600 |  |  | 600 |  |
6.05% Senior Notes due May 1, 2027 | 600 |  |  | 600 |  |
5.50% Senior Notes due June 1, 2027 | 44 |  |  | 44 |  |
5.50% Senior Notes due June 1, 2027 | 956 |  |  | 956 |  |
4.00% Senior Notes due October 1, 2027 | 750 |  |  | 750 |  |
5.55% Senior Notes due February 15, 2028 | 1,000 |  |  | 1,000 |  |
4.95% Senior Notes due May 15, 2028 | 800 |  |  | 800 |  |
4.95% Senior Notes due June 15, 2028 | 1,000 |  |  | 1,000 |  |
6.10% Senior Notes due December 1, 2028 | 500 |  |  | 500 |  |
6.00% Senior Notes due February 1, 2029 | 700 |  |  | 700 |  |
8.00% Senior Notes due April 1, 2029(1) | — |  |  | 450 |  |
5.25% Senior Notes due April 15, 2029 | 1,500 |  |  | 1,500 |  |
5.25% Senior Notes due July 1, 2029 | 1,000 |  |  | — |  |
7.00% Senior Notes due July 15, 2029 | 66 |  |  | 66 |  |
4.15% Senior Notes due September 15, 2029 | 547 |  |  | 547 |  |
8.25% Senior Notes due November 15, 2029 | 33 |  |  | 33 |  |
8.25% Senior Notes due November 15, 2029 | 267 |  |  | 267 |  |
3.75% Senior Note due May 15, 2030 | 1,500 |  |  | 1,500 |  |
6.40% Senior Notes due December 1, 2030 | 1,000 |  |  | 1,000 |  |
7.38% Senior Notes due April 1, 2031 | 600 |  |  | 600 |  |
5.75% Senior Notes due February 15, 2033 | 1,500 |  |  | 1,500 |  |
4.05% Tax-Exempt Bonds due June 1, 2033 | 225 |  |  | 225 |  |
6.55% Senior Notes due December 1,2033 | 1,500 |  |  | 1,500 |  |
5.55% Senior Notes due May 15, 2034 | 1,250 |  |  | — |  |
5.60% Senior Notes due September 1, 2034 | 1,250 |  |  | — |  |
4.90% Senior Notes due March 15, 2035 | 500 |  |  | 500 |  |
6.625% Senior Notes due October 15, 2036 | 400 |  |  | 400 |  |
5.80% Senior Notes due June 15, 2038 | 500 |  |  | 500 |  |
7.50% Senior Notes due July 1, 2038 | 550 |  |  | 550 |  |
6.85% Senior Notes due February 15, 2040 | 250 |  |  | 250 |  |
6.05% Senior Notes due June 1, 2041 | 700 |  |  | 700 |  |
6.50% Senior Notes due February 1, 2042 | 1,000 |  |  | 1,000 |  |
6.10% Senior Notes due February 15, 2042 | 300 |  |  | 300 |  |
4.95% Senior Notes due January 15, 2043 | 350 |  |  | 350 |  |
5.15% Senior Notes due February 1, 2043 | 450 |  |  | 450 |  |
5.95% Senior Notes due October 1, 2043 | 450 |  |  | 450 |  |
5.30% Senior Notes due April 1, 2044 | 700 |  |  | 700 |  |
5.00% Senior Notes due May 15, 2044 | 531 |  |  | 531 |  |
5.15% Senior Notes due March 15, 2045 | 1,000 |  |  | 1,000 |  |
5.35% Senior Notes due May 15, 2045 | 800 |  |  | 800 |  |
6.125% Senior Notes due December 15, 2045 | 1,000 |  |  | 1,000 |  |
5.30% Senior Notes due April 15, 2047 | 900 |  |  | 900 |  |
5.40% Senior Notes due October 1, 2047 | 1,500 |  |  | 1,500 |  |
6.00% Senior Notes due June 15, 2048 | 1,000 |  |  | 1,000 |  |
6.25% Senior Notes due April 15, 2049 | 1,750 |  |  | 1,750 |  |
5.00% Senior Notes due May 15, 2050 | 2,000 |  |  | 2,000 |  |
5.95% Senior Notes due May 15, 2054 | 1,750 |  |  | — |  |
6.05% Senior Notes due September 1, 2054 | 1,250 |  |  | — |  |
8.00% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due May 15, 2054 | 800 |  |  | — |  |
7.125% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due October 1, 2054 | 400 |  |  | — |  |
Floating Rate Junior Subordinated Notes due November 1, 2066 | 600 |  |  | 600 |  |
Five-Year Credit Facility due April 11, 2029 | 2,759 |  |  | 1,412 |  |
Unamortized premiums, discounts and fair value adjustments, net | 62 |  |  | 128 |  |
Deferred debt issuance costs | (250) |  |  | (197) |  |
| 48,840 |  |  | 44,359 |  |
Subsidiary Indebtedness |  |  |  |
Transwestern Debt |  |  |  |
5.66% Senior Notes due December 9, 2024(1) | — |  |  | 175 |  |
6.16% Senior Notes due May 24, 2037 | 75 |  |  | 75 |  |
| 75 |  |  | 250 |  |
Bakken Project Debt |  |  |  |
3.90% Senior Notes due April 1, 2024(1) | — |  |  | 1,000 |  |
4.625% Senior Notes due April 1, 2029 | 850 |  |  | 850 |  |
Unamortized premiums, discounts and fair value adjustments, net | — |  |  | (1) |  |
Deferred debt issuance costs | (3) |  |  | (4) |  |
| 847 |  |  | 1,845 |  |
Sunoco LP Debt |  |  |  |
5.750% Senior Notes due October 1, 2025(2)(3) | 600 |  |  | — |  |
6.000% Senior Notes due June 1, 2026(3) | 500 |  |  | — |  |
6.000% Senior Notes due April 15, 2027 | 600 |  |  | 600 |  |
5.625% Senior Notes due April 28, 2027(3) | 550 |  |  | — |  |
5.875% Senior Notes due March 15, 2028 | 400 |  |  | 400 |  |
7.000% Senior Notes due September 25, 2028 | 500 |  |  | 500 |  |
7.000% Senior Notes due May 1, 2029 | 750 |  |  | — |  |
4.500% Senior Notes due May 15, 2029 | 800 |  |  | 800 |  |
4.500% Senior Notes due April 30, 2030 | 800 |  |  | 800 |  |
6.375% Senior Notes due October 1, 2030(3) | 600 |  |  | — |  |
7.250% Senior Notes due May 1, 2032 | 750 |  |  | — |  |
GoZone Bonds(2)(3) | 322 |  |  | — |  |
Sunoco LP Credit Facility due May 3, 2029 | 203 |  |  | 411 |  |
Lease-related obligations | 132 |  |  | 94 |  |
Unamortized premiums, discounts and fair value adjustments, net | 15 |  |  | — |  |
Deferred debt issuance costs | (37) |  |  | (25) |  |
| 7,485 |  |  | 3,580 |  |
USAC Debt |  |  |  |
6.875% Senior Notes due April 1, 2026(1) | — |  |  | 725 |  |
6.875% Senior Notes due September 1, 2027 | 750 |  |  | 750 |  |
7.125% Senior Notes due March 15, 2029 | 1,000 |  |  | — |  |
USAC Credit Facility due December 8, 2026 | 772 |  |  | 872 |  |
Deferred debt issuance costs | (20) |  |  | (11) |  |
| 2,502 |  |  | 2,336 |  |
Other long-term debt | 11 |  |  | 18 |  |
Total debt | 59,760 |  |  | 52,388 |  |
Less: Current maturities of long-term debt | 8 |  |  | 1,008 |  |
Long-term debt, less current maturities | $ | 59,752 |  |  | $ | 51,380 |  |
(1)These notes were redeemed in 2024. (2)As of December 31, 2024, these obligations (including $75 million of Sunoco LP’s GoZone bonds) were classified as long-term as management had the intent and ability to refinance the borrowings on a long-term basis. (3)Sunoco LP assumed $2.57 billion aggregate principal amount of NuStar senior notes and bonds in connection with the closing of the NuStar acquisition in May 2024.
Future maturities of long-term debt | The following table reflects future maturities of long-term debt for each of the next five years and thereafter. These amounts exclude $233 million in unamortized premiums, fair value adjustments and deferred debt issuance costs, net:
2025 | $ | 3,082 |
2026 | 3,826 |
2027 | 5,554 |
2028 | 4,203 |
2029 | 10,476 |
Thereafter | 32,852 |
Total | $ | 59,993 |
Schedule of Debt Conversions | The following table summarizes the GoZone Bonds outstanding as of December 31, 2024:
Series |  | Date Issued |  | Amount Outstanding |  | Interest Rate |  | Mandatory Purchase Date |  | Original Redemption Date |  | Maturity Date
Series 2008 |  | June 26, 2008 |  | 56 |  | 6.10 | % |  | June 1, 2030 |  | n/a |  | June 1, 2038
Series 2010 |  | July 15, 2010 |  | 100 |  | 6.35 | % |  | n/a |  | June 1, 2030 |  | July 1, 2040
Series 2010A |  | October 7, 2010 |  | 43 |  | 6.35 | % |  | n/a |  | June 1, 2030 |  | October 1, 2040
Series 2010B |  | December 29, 2010 |  | 48 |  | 6.10 | % |  | June 1, 2030 |  | n/a |  | December 1, 2040
Series 2011 |  | August 9, 2011 |  | 75 |  | 5.85 | % |  | June 1, 2025 |  | n/a |  | August 1, 2041

X
- Definition Debt Obligations [Abstract] + References No definition available. + Details
Name: | et_DebtObligationsAbstract
Namespace Prefix: | et_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information on an original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. The information may be presented entirely or partially in this block of text or in the associated elements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-5 + Details
Name: | us-gaap_ScheduleOfDebtConversionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration