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v3.25.3

Equity (Tables) | 9 Months Ended
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Sep. 30, 2025
Schedule of Capital Units [Table Text Block] | Changes in Energy Transfer common units during the nine months ended September 30, 2025 were as follows:
| Number of Units
Number of common units at December 31, 2024 | 3,431.0 |
Common units issued under the distribution reinvestment plan | 1.8 |
Common units vested under equity incentive plans and other | 0.6 |
Number of common units at September 30, 2025 | 3,433.4 |
Distributions Made to Limited Partner, by Distribution [Table Text Block] | Cash Distributions on Energy Transfer Preferred Units Distributions declared on the Energy Transfer Preferred Units were as follows:
Period Ended |  | Record Date (1) |  | Payment Date (1) |  | Series B (2) |  | Series F |  | Series G (2) |  | Series H (2) |  | Series I (1) |
December 31, 2024 |  | February 3, 2025 |  | February 17, 2025 |  | $ | 33.125 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 0.2111 |  |
March 31, 2025 |  | May 1, 2025 |  | May 15, 2025 |  | — |  |  | 33.750 |  |  | 35.625 |  |  | 32.500 |  |  | 0.2111 |  |
June 30, 2025 |  | August 1, 2025 |  | August 15, 2025 |  | 33.125 |  |  | — |  |  | — |  |  | — |  |  | 0.2111 |  |
September 30, 2025 |  | November 4, 2025 |  | November 14, 2025 |  | — |  |  | — |  |  | 35.625 |  |  | 32.500 |  |  | 0.2111 |  |
(1)The record date and payment date shown above apply to all Energy Transfer Preferred Units, except for the Series I Preferred Units. For the period ended March 31, 2025, the cash distribution for the Series I Preferred Units was paid on May 15, 2025 to unitholders of record as of the close of business on May 2, 2025. For the period ended June 30, 2025, the cash distribution for the Series I Preferred Units was paid on August 14, 2025 to unitholders of record as of the close of business on August 4, 2025. For the period ended September 30, 2025, the cash distribution for the Series I Preferred Units will be paid on November 14, 2025 to unitholders of record as of the close of business on November 4, 2025. (2)Series B, Series G and Series H distributions are currently paid on a semi-annual basis. Distributions on the Series B Preferred Units will begin to be paid quarterly on February 15, 2028.
Schedule of Preferred Units [Table Text Block] | The following table summarizes changes in the Energy Transfer Preferred Units:
| Preferred Unitholders |  |
| Series B |  | Series F |  | Series G |  | Series H |  | Series I |  | Total
Balance, December 31, 2024 | $ | 556 |  |  | $ | 496 |  |  | $ | 1,488 |  |  | $ | 893 |  |  | $ | 419 |  |  | $ | 3,852 |
Distributions to partners | (18) |  |  | — |  |  | — |  |  | — |  |  | (9) |  |  | (27) |
Net income | 9 |  |  | 8 |  |  | 26 |  |  | 15 |  |  | 9 |  |  | 67 |
Balance, March 31, 2025 | 547 |  |  | 504 |  |  | 1,514 |  |  | 908 |  |  | 419 |  |  | 3,892 |
Distributions to partners | — |  |  | (16) |  |  | (53) |  |  | (29) |  |  | (9) |  |  | (107) |
Redemption of preferred units | — |  |  | (500) |  |  | — |  |  | — |  |  | — |  |  | (500) |
Other, net | — |  |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Net income | 9 |  |  | 4 |  |  | 27 |  |  | 14 |  |  | 9 |  |  | 63 |
Balance, June 30, 2025 | 556 |  |  | — |  |  | 1,488 |  |  | 893 |  |  | 419 |  |  | 3,356 |
Distributions to partners | (18) |  |  | — |  |  | — |  |  | — |  |  | (9) |  |  | (27) |
Net income | 9 |  |  | — |  |  | 27 |  |  | 15 |  |  | 8 |  |  | 59 |
Balance, September 30, 2025 | $ | 547 |  |  | $ | — |  |  | $ | 1,515 |  |  | $ | 908 |  |  | $ | 418 |  |  | $ | 3,388 |
| Preferred Unitholders |  |
| Series A |  | Series B |  | Series C |  | Series D |  | Series E |  | Series F |  | Series G |  | Series H |  | Series I |  | Total
Balance, December 31, 2023 | $ | 948 |  |  | $ | 556 |  |  | $ | 438 |  |  | $ | 435 |  |  | $ | 786 |  |  | $ | 496 |  |  | $ | 1,488 |  |  | $ | 893 |  |  | $ | 419 |  |  | $ | 6,459 |
Distributions to partners | (24) |  |  | (18) |  |  | (11) |  |  | (11) |  |  | (15) |  |  | — |  |  | — |  |  | — |  |  | (9) |  |  | (88) |
Redemption of preferred units | — |  |  | — |  |  | (450) |  |  | (445) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (895) |
Other, net | — |  |  | — |  |  | 11 |  |  | 10 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21 |
Net income | 23 |  |  | 9 |  |  | 12 |  |  | 11 |  |  | 15 |  |  | 8 |  |  | 27 |  |  | 15 |  |  | 9 |  |  | 129 |
Balance, March 31, 2024 | 947 |  |  | 547 |  |  | — |  |  | — |  |  | 786 |  |  | 504 |  |  | 1,515 |  |  | 908 |  |  | 419 |  |  | 5,626 |
Distributions to partners | (32) |  |  | — |  |  | — |  |  | — |  |  | (15) |  |  | (17) |  |  | (53) |  |  | (29) |  |  | (9) |  |  | (155) |
Redemption of preferred units | (950) |  |  | — |  |  | — |  |  | — |  |  | (800) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,750) |
Other, net | 13 |  |  | — |  |  | — |  |  | — |  |  | 20 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 33 |
Net income | 22 |  |  | 9 |  |  | — |  |  | — |  |  | 9 |  |  | 9 |  |  | 26 |  |  | 14 |  |  | 9 |  |  | 98 |
Balance, June 30, 2024 | — |  |  | 556 |  |  | — |  |  | — |  |  | — |  |  | 496 |  |  | 1,488 |  |  | 893 |  |  | 419 |  |  | 3,852 |
Distributions to partners | — |  |  | (18) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9) |  |  | (27) |
Net income | — |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 26 |  |  | 15 |  |  | 9 |  |  | 67 |
Balance, September 30, 2024 | $ | — |  |  | $ | 547 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 504 |  |  | $ | 1,514 |  |  | $ | 908 |  |  | $ | 419 |  |  | $ | 3,892 |
Comprehensive Income (Loss) | The following table presents the components of AOCI, net of tax:
| September 30, 2025 |  | December 31, 2024
Available-for-sale securities | $ | 27 |  |  | $ | 20 |
Foreign currency translation adjustment | (9) |  |  | (6) |
Actuarial gains related to pensions and other postretirement benefits | 40 |  |  | 45 |
Investments in unconsolidated affiliates, net | 10 |  |  | 14 |
Total AOCI included in partners’ capital, net of tax | $ | 68 |  |  | $ | 73 |
Parent Company [Member] |
Distributions Made to Limited Partner, by Distribution [Table Text Block] | Distributions declared and/or paid with respect to Energy Transfer common units subsequent to December 31, 2024 were as follows:
Quarter Ended |  | Record Date |  | Payment Date |  | Rate
December 31, 2024 |  | February 7, 2025 |  | February 19, 2025 |  | $ | 0.3250 |
March 31, 2025 |  | May 9, 2025 |  | May 20, 2025 |  | 0.3275 |
June 30, 2025 |  | August 8, 2025 |  | August 19, 2025 |  | 0.3300 |
September 30, 2025 |  | November 7, 2025 |  | November 19, 2025 |  | 0.3325 |
Sunoco LP [Member] |
Distributions Made to Limited Partner, by Distribution [Table Text Block] | Distributions on Sunoco LP’s common units declared and/or paid by Sunoco LP subsequent to December 31, 2024 were as follows:
Quarter Ended |  |  |  | Payment Date |  | Rate
December 31, 2024 |  |  |  | February 19, 2025 |  | $ | 0.8865 |
March 31, 2025 |  |  |  | May 20, 2025 |  | 0.8976 |
June 30, 2025 |  |  |  | August 19, 2025 |  | 0.9088 |
September 30, 2025 |  |  |  | November 19, 2025 |  | 0.9202 |
USA Compression Partners, LP [Member] |
Distributions Made to Limited Partner, by Distribution [Table Text Block] | Distributions on USAC’s common units declared and/or paid by USAC subsequent to December 31, 2024 were as follows:
Quarter Ended |  |  |  | Payment Date |  | Rate
December 31, 2024 |  |  |  | February 7, 2025 |  | $ | 0.525 |
March 31, 2025 |  |  |  | May 9, 2025 |  | 0.525 |
June 30, 2025 |  |  |  | August 8, 2025 |  | 0.525 |
September 30, 2025 |  |  |  | November 7, 2025 |  | 0.525 |

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