Energy Transfer (ET) EBT Margin (2009 - 2026)
Energy Transfer's (ET) quarterly EBT Margin came in at 7.6% in Q1 2026, down 78.0% YoY from 34.55% in Q1 2025, and down 82.55% on a QoQ basis from 43.56% in Q4 2025.
Energy Transfer (ET) EBT Margin (2009 - 2026) Analysis & Trends
Energy Transfer (ET) has 18 years of EBT Margin data on file, last reported at 7.6% in Q1 2026.
- Quarterly EBT Margin fell 78.0% year-over-year to 7.6% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.14% (up 50.0% YoY) and the FY2025 annual result came in at 7.08%, down 151.0% from the prior year.
- EBT Margin eased to 7.6% in Q1 2026, from 43.56% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 43.56% in Q4 2025 to a low of 5.42% in Q3 2023.
- A 5-year average of 9.68% and a median of 7.6% in 2026 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2022 — EBT Margin slumped 1465 bps — and 2025, when it surged 3546 bps.
- Tracing ET's EBT Margin over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.04 Bn | 113.17 Bn | 3.07 Bn | 26.04% |
| 2 | Enbridge | 111.19 Bn | 111.69 Bn | 5.23 Bn | 6.86% |
| 3 | Enterprise Products Partners | 83.98 Bn | 83.12 Bn | - | 10.22% |
| 4 | Energy Transfer | 72.48 Bn | 71.45 Bn | 7.40 Bn | 7.93% |
| 5 | Tc Energy | 66.71 Bn | 66.18 Bn | 1.24 Bn | 81.49% |
| 6 | Mplx | 60.30 Bn | 59.27 Bn | 2.73 Bn | 32.88% |
| 7 | Oneok | 59.88 Bn | 59.82 Bn | 2.81 Bn | 10.51% |
| 8 | Targa Resources | 59.14 Bn | 59.14 Bn | 2.14 Bn | 22.63% |
| 9 | Cheniere Energy | 56.12 Bn | 60.17 Bn | 5.29 Bn | 69.92% |
| 10 | Venture Global | 34.82 Bn | 35.11 Bn | 2.92 Bn | 38.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.93% |
| 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% |