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 (ET) has reported EBT Margin for 18 consecutive years, with 7.6% the latest figure, recorded in Q1 2026.
- EBT Margin for Q1 2026 came in at 7.6%, down 78.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.14% (up 50.0% YoY), and the FY2025 annual result was 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.
- Over five years, EBT Margin peaked at 43.56% in Q4 2025 and troughed 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 soared 3546 bps.
- Year by year, 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 plunged by 83 bps to 7.6% in 2026.
- Per Business Quant, the three latest ET EBT Margin figures stand at 7.6% (Q1 2026), 43.56% (Q4 2025), and 6.91% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 10.58% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 26.68% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.55% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.60% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 14.93% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.38% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 10.62% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 16.00% |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 2.69% |
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% |