Intern – Crude Pipeline Revenue Accounting

Job Description

Intern – Accounting Crude Oil | Energy Transfer

The Tone:
This is a twelve (12) week internship program at Energy Transfer, located in Houston, Texas, commencing in May 2027. Energy Transfer is a master limited partnership that owns and operates approximately 120,000 miles of pipelines, terminals, and acquisition and marketing assets across the United States. This role is vital to the Crude Pipeline Revenue Accounting team, which is responsible for tracking, billing, analyzing, and reporting revenue transactions for crude oil pipeline and related services, ensuring compliance with GAAP and regulatory standards. The team encourages inquiry, data transformation, and leveraging technology to streamline processes.

The TL;DR
• Role: Internship
• Type: Temporary
• Location: In-person Houston, TX
• Team: Crude Pipeline Revenue Accounting Team
• Mission: To ensure accurate tracking, billing, recognition, and collection of revenue transactions associated with crude oil gathering, transportation, produced water, and merchant storage services, maintaining compliance with accounting and regulatory standards.

What You’ll Actually Do
• Prepare: Prepare journal entries, account reconciliations, and analyze trends across P&L and balance sheet accounts.
• Conduct: Conduct financial variance analysis, comparing actual revenues and volumes against prior periods to identify and explain trends and anomalies.
• Manage: Manage aspects of the monthly revenue billing, revenue recognition, and subsequent cash collection processes to ensure accounting accuracy and completeness.
• Support: Support the review and analysis of revenue contracts and tariffs for assigned assets to ensure accurate application of ASC 606 revenue accounting standards.
• Contribute: Support the execution of quarterly financial and SOX audits and participate in accounting system, process automation, and data transformation projects.

The Must-Haves
• Background: Currently enrolled in college, majoring in Accounting or Finance.
• Experience: Preferably junior status as of Fall 2027, with involvement in activities outside college studies.
• Skills: Strong computer and advanced Excel skills. Strong written and verbal communication skills. Ability to organize, perform, and prioritize various functions.
• Bonus: Above average GPA. Completion of introductory level accounting and/or finance courses before the internship. Strong willingness to learn. Ability to work independently with minimal supervision. Must be able to adapt well to rapidly changing priorities and responsibilities. Must be a team player.