Energy Transfer (ET) EBITDA Margin (2009 - 2026)
Energy Transfer's (ET) quarterly EBITDA Margin came in at 10.74% in Q1 2026, down 111.0% YoY from 97.65% in Q1 2025, and down 83.6% on a QoQ basis from 65.49% in Q4 2025.
Energy Transfer (ET) EBITDA Margin (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has 18 years of EBITDA Margin data on file, last reported at 10.74% in Q1 2026.
- Quarterly EBITDA Margin fell 111.0% year-over-year to 10.74% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.57% (up 230.0% YoY) and the FY2025 annual result came in at 10.55%, down 50.0% from the prior year.
- EBITDA Margin eased to 10.74% in Q1 2026, from 65.49% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 65.49% in Q4 2025 to a low of 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 plunged 1493 bps — and 2025, when it jumped 5383 bps.
- Tracing ET's EBITDA Margin over 5 years: 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 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 30.06% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 9.93% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 12.31% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 10.41% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 0.11% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 41.61% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 13.22% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 27.80% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 74.84% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 47.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.41% |
| 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% |