Energy Transfer (ET) EBITDA Margin (2009 - 2026)
Energy Transfer (ET) 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) EBITDA Margin (2009 - 2026) Analysis & Trends
Energy Transfer's EBITDA Margin history runs 18 years deep, the most recent figure standing at 10.74% for 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 was 10.74% for Q1 2026 at Energy Transfer, down from 65.49% in the prior quarter.
- Across five years, EBITDA Margin topped out at 65.49% in Q4 2025 and bottomed 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 jumped 5383 bps.
- Energy Transfer's 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 plunged by 84 bps to 10.74% in 2026.
- Business Quant data shows ET's EBITDA Margin at 10.74% in Q1 2026, 65.49% in Q4 2025, and 10.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 71.56% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 79.97% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 30.06% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 13.17% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.10% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 10.74% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.68% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 14.85% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 51.68% |
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% |