Energy Transfer (ET-PI) EBITDA Margin (2009 - 2026)
Energy Transfer (ET-PI) posted EBITDA Margin of 10.74% for Q1 2026, down 83.6% on a QoQ basis from 65.49% in Q4 2025, and down 111.0% year-over-year from 97.65% in Q1 2025.
Energy Transfer (ET-PI) EBITDA Margin (2009 - 2026) Analysis & Trends
Energy Transfer (ET-PI) has reported EBITDA Margin for 18 consecutive years, with 10.74% the latest figure, recorded in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 10.74%, down 111.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.57% (up 230.0% YoY), and the FY2025 annual result was 16.64%, down 10.0% from the prior year.
- EBITDA Margin was 10.74% for Q1 2026 at Energy Transfer, down from 65.49% in the prior quarter.
- Over five years, EBITDA Margin peaked at 65.49% in Q4 2025 and troughed at 8.14% in Q2 2022.
- A 5-year average of 13.64% and a median of 10.77% in 2023 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2022 — EBITDA Margin tumbled 1493 bps — and 2025, when it surged 5383 bps.
- Year by year, EBITDA Margin stood at 8.81% in 2022, then increased by 20 bps to 10.54% in 2023, then increased by 11 bps to 11.66% in 2024, then surged by 462 bps to 65.49% in 2025, then slumped by 84 bps to 10.74% in 2026.
- Per Business Quant, the three latest ET-PI EBITDA Margin figures stand at 10.74% (Q1 2026), 65.49% (Q4 2025), and 10.78% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 14.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 29.91% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 13.17% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 28.57% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 50.33% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 14.85% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.83% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 30.44% |
| 10 | Energy Transfer | - | - | 6.62 Bn | 10.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.74% |
| Dec 31, 2025 | 65.49% |
| Sep 30, 2025 | 10.78% |
| Jun 30, 2025 | 12.00% |
| Mar 31, 2025 | 11.85% |
| Dec 31, 2024 | 11.66% |
| Sep 30, 2024 | 10.50% |
| Jun 30, 2024 | 11.09% |
| Mar 31, 2024 | 11.00% |
| Dec 31, 2023 | 10.54% |
| Sep 30, 2023 | 10.77% |
| Jun 30, 2023 | 10.02% |
| Mar 31, 2023 | 10.86% |
| Dec 31, 2022 | 8.81% |
| Sep 30, 2022 | 8.60% |
| Jun 30, 2022 | 8.14% |
| Mar 31, 2022 | 9.01% |
| Dec 31, 2021 | 9.05% |
| Sep 30, 2021 | 8.62% |
| Jun 30, 2021 | 10.58% |