Energy Transfer (ET) EBT Margin (2009 - 2026)
Energy Transfer (ET) posted EBT Margin of 7.6% for Q1 2026, down 82.55% on a QoQ basis from 43.56% in Q4 2025, and down 78.0% year-over-year from 34.55% in Q1 2025.
Energy Transfer (ET) EBT Margin (2009 - 2026) Analysis & Trends
Energy Transfer's EBT Margin history runs 18 years deep, the most recent figure standing at 7.6% for 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 was 7.6% for Q1 2026 at Energy Transfer, down from 43.56% in the prior quarter.
- Across five years, EBT Margin topped out at 43.56% in Q4 2025 and bottomed at 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 sank 1465 bps — and 2025, when it surged 3546 bps.
- Energy Transfer's EBT Margin stood at 7.23% in 2022, then increased by 9 bps to 7.86% in 2023, then advanced by 3 bps to 8.1% in 2024, then jumped by 438 bps to 43.56% in 2025, then slumped by 83 bps to 7.6% in 2026.
- Business Quant data shows ET's EBT Margin at 7.6% in Q1 2026, 43.56% in Q4 2025, and 6.91% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.39% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 24.28% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 26.04% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 10.58% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.55% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 73.18% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.60% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 14.93% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 10.62% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.29% |
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% |