Energy Transfer (ET-PI) Gross Margin (2009 - 2026)

Energy Transfer has reported Gross Margin for 18 years, with the latest figure at 23.85% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 208.0% year-over-year to 23.85%; the trailing twelve-month figure through Mar 2026 stood at 1.52% (down 2421.0% YoY), and the FY2025 full-year result was 25.77%, up 73.0% from the prior year.
• Gross Margin for Q1 2026 stood at 23.85%, up from 512.49% in the prior quarter.
• The five-year high for Gross Margin was 27.55% in Q4 2024, with the low at 512.49% in Q4 2025.
• Historically, Gross Margin has averaged 8.04% across 5 years, with a median of 23.14% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin surged 600 bps — and 2025, when it tumbled 54004 bps.
• Energy Transfer's Gross Margin stood at 21.65% in 2022, then gained by 7 bps to 23.14% in 2023, then rose by 19 bps to 27.55% in 2024, then tumbled by 1960 bps to 512.49% in 2025, then surged by 105 bps to 23.85% in 2026.
• The last three Gross Margin figures came in at 23.85% (Q1 2026), 512.49% (Q4 2025), and 27.02% (Q3 2025), per Business Quant data.