Energy Transfer (ET) EBT Margin (2009 - 2026)
Energy Transfer (ET) reported EBT Margin of 7.6% for Q1 2026, down 78.0% on a YoY basis from 34.55% in Q1 2025, and down 82.55% quarter-over-quarter from 43.56% in Q4 2025.
Energy Transfer (ET) EBT Margin (2009 - 2026) Analysis & Trends
Energy Transfer has reported EBT Margin for 18 years, with the latest figure at 7.6% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 78.0% year-over-year to 7.6%; the trailing twelve-month figure through Mar 2026 stood at 9.14% (up 50.0% YoY), and the FY2025 full-year result was 7.08%, down 151.0% from the prior year.
- EBT Margin for Q1 2026 stood at 7.6%, down from 43.56% in the prior quarter.
- The five-year high for EBT Margin was 43.56% in Q4 2025, with the low at 5.42% in Q3 2023.
- Historically, EBT Margin has averaged 9.68% across 5 years, with a median of 7.6% in 2026.
- Annual changes were most pronounced in 2022 — EBT Margin slumped 1465 bps — and 2025, when it surged 3546 bps.
- Energy Transfer's EBT Margin stood at 7.23% in 2022, then climbed by 9 bps to 7.86% in 2023, then rose by 3 bps to 8.1% in 2024, then surged by 438 bps to 43.56% in 2025, then plunged by 83 bps to 7.6% in 2026.
- The last three EBT Margin figures came in at 7.6% (Q1 2026), 43.56% (Q4 2025), and 6.91% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 10.55% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 26.68% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 7.60% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 30.38% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 14.93% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 10.62% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 34.17% |
| 10 | Cheniere Energy | 50.33 Bn | 52.53 Bn | 5.86 Bn | -63.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.60% |
| Dec 31, 2025 | 43.56% |
| Sep 30, 2025 | 6.91% |
| Jun 30, 2025 | 7.99% |
| Mar 31, 2025 | 8.38% |
| Dec 31, 2024 | 8.10% |
| Sep 30, 2024 | 7.33% |
| Jun 30, 2024 | 10.70% |
| Mar 31, 2024 | 8.23% |
| Dec 31, 2023 | 7.86% |
| Sep 30, 2023 | 5.42% |
| Jun 30, 2023 | 7.32% |
| Mar 31, 2023 | 7.99% |
| Dec 31, 2022 | 7.23% |
| Sep 30, 2022 | 6.12% |
| Jun 30, 2022 | 6.58% |
| Mar 31, 2022 | 7.21% |
| Dec 31, 2021 | 6.33% |
| Sep 30, 2021 | 5.90% |
| Jun 30, 2021 | 6.56% |