Energy Transfer (ET) EBITDA Margin (2009 - 2026)
Energy Transfer (ET) reported EBITDA Margin of 10.74% for Q1 2026, down 111.0% on a YoY basis from 97.65% in Q1 2025, and down 83.6% quarter-over-quarter from 65.49% in Q4 2025.
Energy Transfer (ET) EBITDA Margin (2009 - 2026) Analysis & Trends
Energy Transfer has reported EBITDA Margin for 18 years, with the latest figure at 10.74% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 111.0% year-over-year to 10.74%; the trailing twelve-month figure through Mar 2026 stood at 13.57% (up 230.0% YoY), and the FY2025 full-year result was 16.64%, down 10.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 10.74%, down from 65.49% in the prior quarter.
- The five-year high for EBITDA Margin was 65.49% in Q4 2025, with the low at 8.14% in Q2 2022.
- Historically, EBITDA Margin has averaged 13.64% across 5 years, with a median of 10.77% in 2023.
- Annual changes were most pronounced in 2022 — EBITDA Margin plunged 1493 bps — and 2025, when it jumped 5383 bps.
- Energy Transfer's EBITDA Margin stood at 8.81% in 2022, then climbed by 20 bps to 10.54% in 2023, then climbed by 11 bps to 11.66% in 2024, then soared by 462 bps to 65.49% in 2025, then slumped by 84 bps to 10.74% in 2026.
- The last three EBITDA Margin figures came in at 10.74% (Q1 2026), 65.49% (Q4 2025), and 10.78% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 50.33% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 28.57% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | -53.12% |
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% |